HRtech Startup Workruit Expands into the US Job Market

• ByStartupStory     |    October 21, 2023

Workruit, the AI-powered career and recruitment platform, has announced its ambitious expansion plans into the United States job market. The platform, already operational in over 150 countries, is now gearing up to tap into the vast potential offered by the American job market.

In a company statement, Workruit cited the significant demand for its core products, particularly its ‘Resume Builder and Recruitment Platform,’ driven by the rapid pace of technological innovation and pricing structures in the United States that are approximately ten times higher than those observed in the Indian market. Recognizing this untapped growth opportunity, Workruit aspires to scale its operations and make a lasting impact on the global job market.

As part of its comprehensive global expansion strategy, Workruit aims to connect with over 5 million job seekers worldwide, engage with more than 5,000 enterprises, and establish collaborations with 2,000+ colleges and universities by the end of the next year.

Manikanth Challa, CEO and founder of Workruit, commented on this significant milestone, stating, “The online recruitment market in the US is projected to grow by $3.17 billion during 2022-2026, with a CAGR of 6.93 per cent during the forecast period. Innovations in the hiring process are notably driving this growth, and Workruit is well-positioned to establish a strong presence in this market with our range of AI-powered flagship products.”

The company highlighted its impressive growth trajectory since its inception, boasting an outstanding year-on-year growth rate of 110 percent. The platform has successfully generated over one million resumes and currently boasts nearly 3 million registered job seekers. Workruit has established partnerships with around 2,500 employers, including prominent organizations such as Just Dial, BYJUs, HDFC Bank, Fortune Group, Reliance Group, Amazon, Asian Paints, and many others.

Workruit offers a comprehensive suite of solutions, including an AI-assisted Resume Builder, Job Search and recruitment, Digital Skilling, and Employment Platforms, aimed at empowering both job seekers and employers on their career journeys.

With its expansion into the United States, Workruit is poised to tap into the thriving job market in the country and continue its trajectory of remarkable growth.

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