Total amount raised
$193.5 Millions
Latest funding date
Location
Apna has successfully raised over $190 million across multiple funding rounds, achieving a valuation of over $1 billion. The platform is India's largest professional networking site, dedicated to helping the country's rising workforce unlock unique professional networking and skilling opportunities.
Keep reading to explore the intricacies of Apna's fundraising journey and the investors backing this innovative platform.
What Is Apna?
Founded in 2019 by Nirmit Parikh, Apna is headquartered in Bengaluru, Karnataka, India. The platform is designed to connect job seekers with employers, offering a range of job types including full-time, part-time, and work-from-home opportunities.
Apna has grown rapidly, now employing between 1001 and 5000 people. The platform serves over 35 million candidates and 2 million employers across 75 cities in India.
In addition to job listings, Apna provides professional networking and skill development resources, making it a comprehensive tool for India's rising workforce.
How Much Funding Has Apna Raised?
- Seed Round
- Amount Raised: $3M
- Date: July 2019
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and build initial traction.
- Series A Round
- Amount Raised: $8M
- Date: September 2020
- Lead Investors: Lightspeed India Partners, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance its features.
- Series A Round
- Amount Raised: $12.5M
- Date: March 2021
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve user experience.
- Series B Round
- Amount Raised: $70M
- Date: June 2021
- Lead Investors: Insight Partners, Tiger Global Management
- Valuation at Round: $570M
- Motivation Behind the Round: To fuel growth and expansion plans.
- Series C Round
- Amount Raised: $100M
- Date: September 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $1.1B
- Motivation Behind the Round: To expand the platform across India and internationally, and to enter the upskilling segment.
Total Amount Raised: $193.5M. Current Valuation: $1.1B.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. The firm has a strong track record of backing high-growth companies.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology and software companies. The firm has a history of helping companies scale and achieve significant growth.
- Investment Focus Areas: Software, Internet, data services.
- Notable Investments: Twitter, Shopify, Wix.
- Lightspeed India Partners
- Details: Lightspeed India Partners is a venture capital firm that focuses on early and growth-stage investments in the technology sector. The firm is known for its deep expertise in the Indian market.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snap, GrubHub, Nest.
- Sequoia Capital India
- Details: Sequoia Capital India is a venture capital firm that invests in consumer, technology, and healthcare sectors. The firm has a strong presence in the Indian startup ecosystem.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Zomato, OYO, Byju's.
- Owl Ventures
- Details: Owl Ventures is a venture capital firm that focuses on education technology companies. The firm supports innovative companies that are transforming the education landscape.
- Investment Focus Areas: Education technology.
- Notable Investments: Byju's, MasterClass, Quizlet.
What's Next for Apna?
Apna's future looks promising as it aims to expand across India and international markets, addressing the urgent hiring needs of top companies. With over 100 million interviews facilitated and 10 million users, the platform is poised to tap into a vast employment market of 2.3 billion individuals.
Given its rapid growth, Apna may seek additional funding to support its international expansion and upskilling initiatives. However, the company will need to navigate competition from established players and ensure the quality of its services as it scales.
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