Apna, fastest and youngest startup to join unicorn club, raises $100 million
- ByAyushi Ray | September 16, 2021
Apna, a professional networking platform for blue and grey collar workers became one of the fastest startups to achieve the coveted unicorn status has scooped up $100 million in its Series C round led by existing investor Tiger Global Management at a valuation of $1.1 billion,
The new round also saw investments from Owl Ventures, Insight Partners, Sequoia Capital India, Maverick Ventures, and GSV Ventures.
Following the fresh fund raise, Apna will use the latest capital infusion for ramping up its domestic presence as well as expand beyond Indian shores. The company has said that it will be mainly targeting U.S, Southeast Asia, Middle East, and Africa for international expansion.
The startup’s customers include companies such as Zomato, Bharti AXA, Urban Company, Byju’s, PhonePe, Burger King, Delhivery, Teamlease, and G4S Global. Apna points out that it has facilitated about 100 million interviews through its app in less than two years.
Apna, the app that Parikh founded in 2019 is currently living in 28 cities, including Mumbai, Delhi, Bengaluru, Hyderabad, and Pune, among others. It has served over 16 million users and more than 150,000 employers.
Apna will soon be providing white-collar job opportunities. It has IT jobs already listed on its platform over the past three months. The company intends to strengthen its presence in over 300 cities and 4,000 towns across India by end of the year before embarking on an international journey next year.
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