The ed-tech and HR-tech platform, GetWork received a seed investment of Rs 2 crore from the early-stage micro-VC fund Artha Venture Fund (AVF). Through the investment, AVF secured a 16 per cent stake in the on-campus recruitment platform and marked its 10th investment.
The Gurugram-based startup was founded in 2018 by Rahul Veerwal and Sumit Gupta. GetWork enrols SMEs, corporates and companies to directly recruit from the 18,000 position cells in schools in foundations. It has been proclaimed that the amount shall be utilized to build tools and grow its reach with the employees within the startup.
“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 honored to have partnered with AVF, a firm that has carved its niche in the micro-VC segment,” commented Rahul Veerwal, Founder and CEO of GetWork.
Talking about the success of the startup, Sumit Gupta, co-founder asserted, “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.”
While owing to the pandemic, it became hassled to recruit graduates outside the significant colleges, GetWork provides the solution to it by providing placements cells in tier-II, tier-III, or tier-IV cities.
“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. 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. We realized that GetWork’s platform was a need-to-have solution by observing the hiring issues our founders faced. We knew this platform is the need of the hour. I am super excited about our investment and welcome GetWork to the AVF family,” said Anirudh A. Damani, managing partner at Artha Venture Fund.