Synopsis
Vahan will use the funds to strengthen the company’s proprietary technology, with a focus on building advanced AI features designed to support large-scale, multilingual recruitment processes. The recruitment platform for blue-collar workers last raised $10 million in September 2024 in a funding round led by existing investor Khosla Ventures.
Vahan, a recruitment platform for blue-collar workers, has secured an undisclosed amount from investment firm LemmaTree.
LemmaTree is an investment firm—set up by a team within Singapore’s sovereign fund Temasek—focussed on decentralised supply chain technology and worker-centric platforms.
According to the company, the funds will be used for strengthening the company’s proprietary technology, with a focus on building advanced AI features designed to support large-scale, multilingual recruitment processes.
“The recruitment industry in India is undergoing a revolution, but for that growth to be sustainable and equitable, workers need both access and advancement. The focus now is on deepening personalisation, scaling across new industries, and ensuring that every interaction on our platform moves a worker closer to long-term economic mobility,” said Madhav Krishna, founder and chief executive, Vahan.
According to the company, it has also acquired L.earn, the digital learning and upskilling platform of job matching platform GoodWorker, which was backed by LemmaTree. L.earn offers mobile-first, vernacular content specifically designed for gig and frontline workers in sectors such as logistics, manufacturing, and retail.
The move is intended to help Vahan incorporate modular skill development into the job search process, allowing workers to improve their employability, qualify for higher-paying jobs, and build sustainable career growth.
Founded in 2016, Vahan is a technology-driven platform that helps blue-collar workers find jobs and employers the right candidate. To date, the company has placed more than one million workers across over 920 cities.
It currently facilitates around 40,000 job placements per month. Vahan’s clients include major gig-economy companies such as Zomato, Swiggy, Flipkart, Zepto, Blinkit, Amazon, Rapido, and Uber.
It last raised $10 million in September last year in a funding round led by existing investor Khosla Ventures.
The platform plans to extend its language support to eight more Indian languages, enhancing its reach among job seekers in tier II and III cities. Vahan also plans to tap into new high-growth sectors and expand its presence across India as well as international markets like Southeast Asia and the MENA region.
Commenting on the investment, Glenn Gore, chief executive, LemmaTree, said, “Vahan’s innovative platform and team are unlocking new opportunities for millions, driving both economic empowerment and operational efficiency.”
Source: www.economictimes.indiatimes.com