HRTech firm Workruit raises $500,000 in Pre-Series A round
HYDERABAD: AI-powered career and recruitment platform Workruit has announced here on Monday that it has raised over $500,000 in pre-Series A round led by the family office of Kantamaneni from the US. The company will utilize the funds to scale the product, expand its operations anf focus on customer acquisition.
As part of the expansion plans, Workruit also aims to extend its recruitment platform in the US markets by Q1 2023 with the support of the strategic investor.
The company provides a suite of B2B and B2C solutions, including an AI-powered resume builder and a job search & recruitment platform. The platform aims to empower job seekers to achieve their career goals and make their next career move with its flagship product, 'Workruit Resume Builder'.
The career platform has created more than 1M resumes, most created by job seekers in India. Workruit is already trusted by over 2.5M+ job seekers who are registered on their platform to date. It also operates the Digital Employment Exchange of Telangana (DEET) platform in collaboration with Telangana State and is currently in talks with other Governments.
CEO & Founder of Workruit, Manikanth Challa says, “In the future of work, the employee is the enterprise. Companies have HR teams, recruiters, and sophisticated technology to manage their pipelines, but all that most job seekers have is a spreadsheet. We're levelling the playing field by building the infrastructure with Workruit that enables people to advance their careers confidently. Workruit is developing tools to assist people in navigating the future of work, where career agility is more important than ever. In addition, our recruitment and career platform champions both the candidate and the enterprise, allowing both to connect easily and network."
"The investment establishes a strong strategic partnership that will propel Workruit into its next growth phase. Having them as partners will enable us to capitalize on the numerous opportunities that we see ahead of us," he adds.
“While many players are solving problems for recruiters, we have yet to come across platforms that are focused on candidates. Workruit is developing a distinctively powerful and personalized career platform that is tech-first and candidate-first, beginning with an automated resume offering. They also have a long list of major employers who use their technology, including Axis Bank, Quess Corp, Big Basket, Swiggy, Colleges, and Governments. We are thrilled to be collaborating with Workruit as they transform the hiring market,” said Sreenivasarao Lavu of Kantamaneni Family Office.
Designed on the concept of "swipe right to get matched", Workruit lets employers hire skilled talent instantly. Workruit currently is also training entry-level talent to help employers hire trained professionals.