AI-powered HR platform Workruit raises $500,000 from US-based family office Kantamaneni

• ByStartupStory     |    October 17, 2022

Workruit, an HRTech startup, secured approximately $500,000 in pre-Series A financing headed by Kantamaneni’s US-based family office.

The funds will be used to scale the product, increase operations, and focus on client acquisition. Workruit intends to expand its recruiting platform in the US markets by the first quarter of 2023, with the help of a strategic investor. Workruit’s development objectives include extending its recruiting platform in US markets by Q1 2023 with the help of a strategic investor.

The company offers B2B and B2C products, such as an AI-powered résumé creator and a job search and recruiting platform. The platform’s primary product, Workruit Resume Builder, seeks to assist job searchers to achieve their professional objectives and make their next career move.

Manikanth Challa, CEO, and Founder, Workruit, says, “In the future of work, the employee is the enterprise. Companies have HR teams, recruiters, and sophisticated technology to manage their pipelines, but all that most job seekers have is a spreadsheet. We’re leveling the playing field by building the infrastructure with Workruit that enables people to advance their careers confidently. Workruit is developing tools to assist people in navigating the future of work, where career agility is more important than ever. In addition, our recruitment and career platform champion both the candidate and the enterprise, allowing both to connect easily and network.”

Sreenivasarao Lavu of Kantamaneni Family Office said, “While many players are solving problems for recruiters, we have yet to come across platforms that are focused on candidates. Workruit is developing a distinctively powerful and personalized career platform that is tech-first and candidate-first, beginning with an automated resume offering. They also have a long list of major employers who use their technology, including Axis Bank, Quess Corp, Big Basket, Swiggy, Colleges, and Governments. We are thrilled to be collaborating with Workruit as they transform the hiring market.”

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