MyKaam, a Bengaluru-based online job searching platform for blue-collar workers, announced that it has raised funding from Venture Catalysts, according to YourStory report. Financial details of the investment remain undisclosed.
The investment round was led by Dr Apoorva Ranjan Sharma, Co-founder, Venture Catalysts; Mrunal Jhaveri of Icebreaker Tech LLP; Nirav Panchmatia of AUM Financial Advisors Blogger; Vikas Kapoor of RIVOLI Fashions; and Karan Garg, MD, Samhit Ventures.
The company plans to utilise the current financing to boost expansion, strengthen its tech stack, scale-up operations, and bring more businesses on board, according to the company’s statement.
Commenting on the funding, Ashish Gupta, Founder of MyKaam, said, “The ‘Jio effect’ has ensured easy accessibility to the internet across every demographic. India is using internet-enabled platforms to make significant improvements in their lives. With MyKaam, we want to play an active role in this transformation and keep addressing the employment needs of Indians and blue-collar workers in particular.”
Founded in 2016 by Ashish Gupta, MyKaam uses a video-based platform to connect blue-collar workers with local recruiters to help them find next-door jobs. It onboards local businesses which list their jobs in short video formats, making it easier for blue-collar workers to search for jobs as per their preferences and convenience. When the candidates find a suitable job, they can use the MyKaam chat feature to directly reach out to the recruiter. Likewise, recruiters can also connect to potential employees through the platform.
Dr Apoorv Ranjan Sharma, President and Co-founder, Venture Catalysts, said, “Around 100-200 million blue-collar workers, which accounts for over 70-80 percent of the industry, have found themselves without any income source due to the nationwide lockdown imposed in the wake of the coronavirus pandemic. Unlike the white-collar professionals, they do not have access to or the understanding to navigate through sophisticated job searching portals such as LinkedIn. Their job-searching process is still heavily reliant on word-of-mouth. MyKaam has not only recognised this gap, but also introduced an innovative solution that will empower India’s blue-collar workforce by helping them easily secure jobs.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.