Gurugram-based edtech and HR-tech platform GetWork announced that the company has raised Rs 2 crore in a seed funding round led by Artha Venture Fund (AVF), an early-stage micro-VC fund. The news came out on the last day of the FY 2020-21.
The official statement of GetWork states that they plan to use this investment to expand its reach with employers and build tools that can aid them in closing positions directly on its platform. Due to the pandemic, employers of all sizes find it difficult to recruit fresh graduates from those colleges where the facility of established Placement Cells are devoid.
GetWork’s platform is an answer to such issues. It also provides placements cells in Tier 2, 3, or 4 cities to improve their placement rate.
“The success stories of AVF’s portfolio are a testament to the firm’s strategic approach towards achieving business metrics. We were looking for an investor who would go beyond the conventional norms of a VC and help us scale the business. We are honoured to have partnered with AVF, a firm that has carved its niche in the micro-VC segment,” said Rahul Veerwal, founder and chief executive officer, GetWork.
The foundation mantra of GetWork recognized the potential of AI/ML technology that enables to bridge the employability gap faced by Talent Acquisition and Campus Recruiters. It is a recruiting platform that facilitates the corporates, SMEs and start-ups to directly hire freshers from the 18,000 placement cells in institutes and colleges.
GetWork also assists the placement cells of the colleges or institutions with aggregating resumes, managing and disseminating job opportunities for its students. The “Connect” feature allows the placement cell heads to connect to the HRs and vice versa. Although at its nascent stage, GetWork places 1 student every 4 hours.
“Colleges and institutes that switch to GetWork see a threefold average increase in the number of reputed job postings and it enables placement cells & institutes to go online in just two minutes,” said Sumit Gupta, co-founder, and chief technology officer, GetWork.
In a statement Anirudh A. Damani, managing partner, Artha Venture Fund said, “The pandemic forced higher education institutions to go online. It also led to the proliferation of upskilling platforms and institutes that improve employee skills for better job prospects. All of them reach out independently to employers through various channels, overwhelming their recruiting teams and making the job difficult for employers and employees to find each other.”
He further added, “ GetWork solves that problem by providing a single platform solution for placement cells and employers to communicate with each other, post their requirements and opportunities, and make it easier for employers of any size to find a team member that matches their needs.”
On the addition of GetWork in the AVF family, Anirudh express, “ We realized that GetWork’s platform was a need-to-have solution by observing the hiring issues our founders faced. We knew this platform was the need of the hour. I am super excited about our investment and welcome GetWork to the AVF family.”