WorkIndia to raise $13 Mn in new funding round

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Blue and grey-collar job portal WorkIndia is all set to raise Rs 114.35 crore (approximately $13 million) from Aavishkaar Capital, existing investor Beenext and the company’s co-founders Nilesh Dungarwal and Moiz Arsiwala.

This is the first funding for the company in nearly 3 years since it raised $12 million in January 2023, led by SBI Holdings, Nintendo founding family and others.

The board at WorkIndia passed a resolution to approve the issuance of 3,067 compulsory convertible preference shares and 100 equity shares at an issue price of Rs…



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WorkIndia to raise $13 Mn in new funding round


Blue and grey-collar job portal WorkIndia is all set to raise Rs 114.35 crore (approximately $13 million) from Aavishkaar Capital, existing investor Beenext and the company’s co-founders Nilesh Dungarwal and Moiz Arsiwala.

This is the first funding for the company in nearly 3 years since it raised $12 million in January 2023, led by SBI Holdings, Nintendo founding family and others.

The board at WorkIndia passed a resolution to approve the issuance of 3,067 compulsory convertible preference shares and 100 equity shares at an issue price of Rs…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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