SucSEED Indovation Fund backs Enterprise SAAS platform- HR Tech Jobsgaar again!!
Jobsgaar a job discovery platform connecting workforce with job opportunities at their native places or the nearest districts/towns via WhatsApp and Web. Jobsgaar works at the District/Hyper-Local level and connects employers with employees at their source locations. Jobsgaar has secured an undisclosed amount in Fund raise, led by SucSEED Indovation Fund, Blume Founder Fund, BlackSoil, Karekeba Ventures & other industry stalwarts have joined along in their Pre-Series A round.
With their Pre-Series A round, Jobsgaar enables opportunity in escalating their solution development phase & distribution plan. They have recently
rolled out their ver1.0 of the Android App for selected markets.
Jobsgaar aims to reduce workforce migration from their native places through enabling job discovery at the local level. Jobsgaar aims to fill the void between the local workforce and potential jobs in MSME and businesses in the unorganized sectors that are heavily dependent on word of mouth and print media ads.
India is a highly populated country with high unemployment rate and low literacy rate. Jobsgaar attempts to address the pain points for 300+ million blue-collar workforce and 75+ million MSMEs in India, The coronavirus pandemic boosted digital recruiting and increased job postings in manufacturing and e-commerce, fueled by the country’s recovery from multiple illness waves.
Founded by Atul Pratap Singh along with Moshe Jacob. Atul comes with an experience in Brand Communication & Marketing professional with a decade of experience in managing Global and Indian Brands. Assisted over 250 Global/Indian brands with their communication and brand management requirements. Moshe comes with an experience of Tech Consultant/CTO, Israeli entrepreneur with over 25 years of entrepreneurial experience. 2 successful exits, RPJV — Acquired by Nielsen RF AI Smart Tray- Acquired by RF Code.
Atul Pratap Singh, Co- Founder and CEO of Jobsgaar said, “The early signs from the market are exciting & ensuring that there is no dearth of job opportunities in tier 2 or 3 towns of Bharat. We as a technology company are committed to build omnichannel solutions that will bridge the void between
workforce & local employers. While managing the career journey of the workforce, we aim to help them make wiser decisions.”
He further added, “As we are a high populous country, we know that there are ample resources available to work. However, the challenge for employers lies in finding the ‘serious’ one in the shortest possible time. That is what we are building for. ”
Speaking on investing in Jobsgaar, Vikrant Varshney, Co-Founder & Managing Partner of SucSEED Indovation Fund said, “As per the recent BCG report, 2.4 crore new jobs could be created in the gig blue-color space, and by 2028 this could reach around 9 crore jobs. The biggest job generators in the gig blue-collar space right now are e-commerce and logistics. Jobsgaar connects employers with employees at the source location, enabling the workforce to find district level jobs. There is a huge TAM, SAM, SOM in this space and we wanted to back Jobsgaar again, in their formative years; as they develop world’s first district-level hyperlocal job or workforce discovery chatbot integrated into WhatsApp.”
He further added, “Since the time we funded in their first round, Jobsgaar has had a fabulous journey. They have attracted key clients like Cars 24, BLU Smart, Thyrocare, Hero, Planet PCI and signed an agreement to assist 68K+ petrol pump owners in hiring blue-collar workforce. It is currently available in 15–20 districts of UP and now expanding to cover other 53 districts of UP & also move to Bihar. Jobsgaar is witnessing 800% growth in job seekers on the platform from 10,000 to 90,000+ jobseekers with 700% growth in job listings.”
About SucSEED Indovation Fund — SucSEED Indovation Fund (SIF) is an AIF Cat-1 Venture Capital Angel Fund with ₹100 crore corpus and has grown out of SucSEED Angel Network (SAN) and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyderabad Foundation. General Partners of the Indovation Fund have 100+years of cumulative experience within technology, fund management, and start-up ecosystem and have already invested in 60+ startups. SIF attempts to support Indian Innovation for mass needs in the following Six (6) sectors -EdTech, FinTech, Health-tech, Security & RegTech, Enterprise & MSME SaAS and Digital Economy & Emerging Tech.
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