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Apna, a digital hiring startup in India that connects millions of blue-collar workers to employers, reached a valuation of $1.1 billion with a new funding round led by Tiger Global Management. The startup reached unicorn status just 21 months after creating the app, and 15 months after beginning full-scale operations. Itโs now raised $100 million in a Series C round also joined by Owl Ventures LLC, Insight Partners Inc. and Sequoia Capital India. It serves more than 16 million users and 150,000 employers and enables an average of 18 million job interviews each month, the company said in a statement Thursday. โWe are solving the biggest problem in the world and, if successful, will not just remedy unemployment but also poverty, health care and education of the next generation,โ said Nirmit Parikh, a Stanford graduate who quit Apple Inc. to found Apna in 2019. The company โis targeting all 2.3 billion people in the emerging working class around the globe,โ he said in a video interview from Dallas. The company is piloting training courses that include spoken English and micro-skills like making ginger chai or building PivotTables in Excel worksheets. It has seen a recent uptick in new job seekers in more advanced fields such as software engineering, graphic design and legal work. โInstead of color-coding job hunters, we call them emerging workers,โ the 33-year-old Apna founder said.
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