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an advertisement. (April 2024) |
| Company type | Private |
|---|---|
| Industry | Internet, Professional network service |
| Founded | 2019 |
| Founder | Nirmit Parikh |
| Headquarters | , |
Number of employees | 500-1000 Approx. |
| Website |
apna |
Apna.co is an Indian job and professional networking platform established in 2019.
Introduction
Apna.co is an Indian job and professional networking platform founded in 2019 by Nirmit Parikh. It is primarily a job networking platform that helps job seekers connect with employers, build networks, and offer resources such as resume building and interview preparation to develop skills and advance careers.
Apna.co works through websites and mobile apps and allows job seekers and recruiters to create profiles and connect on the platform.
Company Overview
Headquartered in Bangalore, India, the company employs around 1000 employees.
As of November 2023, Apna.co has raised $193.5 million in funding across multiple rounds. Key investors include Peak XV Partners (Formerly Sequoia Capital India), Lightspeed Venture Partners, Tiger Global Management, and Insight Partners. [1] [2]
History
Apna.co was founded in 2019, by Nirmit Parikh, to solve the challenges of job seekers in India and add a new perspective to the job market. [3] [4]
In 2020, the company received its Series A investment, led by Peak XV Partners (Formerly Sequoia Capital India), and Lightspeed Partners India. This was followed by a Series B investment in 2021 from Insight Partners, Tiger Global Management, GSV Ventures, Rocketship, Owl Ventures, Maverick Ventures, and Greenoaks.
By mid-2021, the company had onboarded 16 million users, with 150,000 Indian businesses using it for recruitment and more than 18 million for job interviews.
Apna.co achieved unicorn status within 21 months of its launch following a fundraising round by Tiger Global Management, reflecting its rapid growth and impact on the job market. [5]
In April 2024, the company launched Career Compass, a tool designed to help users build and edit their professional resumes. [6] [7] [8]
Funding
| Date | Round | Fund Raised | Investor |
|---|---|---|---|
| July 2019 | Seed | $3M | Peak XV Partners (Formerly Sequoia Capital India) |
| September 2020 | Series A | $8M | Lightspeed India Partners, Peak XV Partners (Formerly Sequoia Capital India) |
| March 2021 | Series A | $12.5M | Greenoaks, Rocketship, Peak XV Partners (Formerly Sequoia Capital India), and Lightspeed India |
| June 2021 | Series B | $70M | Insight Partners and Tiger Global Management |
| September 2021 | Series C | $100M | Tiger Global Management |
Operations
At present, Apna.co operates across 800+ cities in India.
Partnerships
Apna.co has partnered with several leading public and government organizations in India, including the National Skill Development Corporation (NSDC), the Ministry of Defence (India), UNICEF Yuwaah, and the Ministry of Minority Affairs, to provide skilling and job opportunities for candidates across the country.
The AICTE (All India Council for Technical Education) partnered with Apna.co in 2024 to launch a career portal aimed at helping over 3 million students secure job and internship opportunities.
Launched on April 30, 2024, the portal enables access to job listings, resume building, and placement assistance for over 12,000 colleges. This also includes the Silicon Valley Immersion Program, providing students with opportunities to engage with industry leaders from companies such as Google, Apple, and Microsoft.
Products and Services
Profile Building
Users can register on both the app and the website by providing personal information and can create detailed profiles that highlight their skills, experience, and career goals.
Job Search
Job seekers can find jobs based on their skills, experience, and location preferences. The job search function includes filters to narrow the search by industry, location, experience, and salary range.
Resume Builder
Users can create and edit resumes with an AI-powered resume builder.
Application Tracking
Users can track the status of their applications.
Networking
Users can connect with industry professionals and potential employers.
Business Model
Apna.co is an open platform for candidates but since 2022 it has used a subscription-based model for employers which is the primary source of revenue. Apna app has onboarded 1000+ enterprises and 1 lakh+ SMBs. [9]
Awards and recognition
- 2023 - Apna received the Best Tech for Recruiter award at the Idea Indian Digital Enabler Awards. [10]
- 2020 - Apna received the Google Play Store App of the Year Award [11]
References
- ^ "How Apna Became One of India's Fastest Unicorns with Almost Zero Annual Revenue".
- ^ "Apna acquires unicorn status after $100 mn fundraise led by Tiger Global". business-standard.com. Retrieved April 3, 2024.
- ^ "Apna.co records 50 million professional networking conversations in the last 90 days". aninews.in. Retrieved April 3, 2024.
- ^ "Employment: Blue-collar hiring start-up Apna reports 60% jump in job postings in 2022". business-standard.com. Retrieved April 3, 2024.
- ^ https://www.moneycontrol.com/news/business/startup/apna-becomes-indias-fastest-unicorn-with-100-million-from-tiger-global-7471491.html
- ^ "Blue-Collar Worker App Becomes a Unicorn in Under Two Years". Bloomberg. September 15, 2021.
- ^ Mittal, Apoorva; Mishra, Digbijay (September 16, 2021). "Apna becomes youngest startup to enter unicorn club in 21 months". The Economic Times.
- ^ https://economictimes.indiatimes.com/tech/funding/ettech-deals-digest-apna-mobile-premier-league-enter-unicorn-club/articleshow/86292640.cms
- ^ Basu, Sreeradha (November 11, 2021). "Apna.co sees 100% surge in job listings; 5 million new users during the festive season". The Economic Times.
- ^ "Indian Digital Enabler Awards 2021 - Awards Winner".
- ^ https://indianexpress.com/article/technology/social/google-play-store-best-of-2020-awards-7075210/