This article contains promotional content. (April 2024) |
Apna.co is an Indian job and professional networking platform established in 2019.
| Company type | Private |
|---|---|
| Industry | Internet, Professional network service |
| Founded | 2019 |
| Founder | Nirmit Parikh |
| Headquarters | , |
Number of employees | 500-1000 Approx. |
| Website | apna |
Introduction
editApna.co is an Indian job and professional networking platform founded in 2019 by Nirmit Parikh.
Apna.co is a platform that connects job seekers with employers, providing resources for resume building, interview preparation, and professional networking through its website and mobile apps.
Company overview
editHeadquartered in Bangalore, India, the company employs around 1000 employees.
As of November 2023, Apna.co has raised $193.5 million in funding across multiple rounds. Key investors include Peak XV Partners (Formerly Sequoia Capital India), Lightspeed Venture Partners, Tiger Global Management, and Insight Partners.[1][2]
History
editApna.co was founded in 2019, by Nirmit Parikh, to solve the challenges of job seekers in India.[3][4]
In 2020, the company received its Series A investment, led by Peak XV Partners (Formerly Sequoia Capital India), and Lightspeed Partners India. This was followed by a Series B investment in 2021 from Insight Partners, Tiger Global Management, GSV Ventures, Rocketship, Owl Ventures, Maverick Ventures, and Greenoaks.
By mid-2021, the company had onboarded 16 million users, with 150,000 Indian businesses using it for recruitment and more than 18 million for job interviews.
Apna.co reached unicorn status within 21 months of its launch after a fundraising round by Tiger Global Management, expansion in the Indian job market.[5]
In April 2024, the company launched Career Compass, a tool designed to help users build and edit their professional resumes.[6][7][8]
As of August 2024, Apna.co supports 30% of Nifty 100 companies, handling over 1,000 job applications daily. Key sectors include BFSI, Automotive, Retail, Consumer Durables, and IT. Applications from Tier 2 and Tier 3 cities constitute 45% of the total, with 35% from women.[9][10]
Funding
edit| Date | Round | Fund Raised | Investor |
|---|---|---|---|
| July 2019 | Seed | $3M | Peak XV Partners (Formerly Sequoia Capital India) |
| September 2020 | Series A | $8M | Lightspeed India Partners, Peak XV Partners (Formerly Sequoia Capital India) |
| March 2021 | Series A | $12.5M | Greenoaks, Rocketship, Peak XV Partners (Formerly Sequoia Capital India), and Lightspeed India |
| June 2021 | Series B | $70M | Insight Partners and Tiger Global Management |
| September 2021 | Series C | $100M | Tiger Global Management |
Operations
editAt present, Apna.co operates over 800 cities in India.
Partnerships
editAccording to reports, Apna.co has collaborated with public and government organizations in India, including the National Skill Development Corporation (NSDC), the Ministry of Defence (India), UNICEF Yuwaah, and the Ministry of Minority Affairs, to provide skilling and job opportunities.
In April 2024, Apna.co partnered with The AICTE (All India Council for Technical Education) to launch a career portal aimed at helping over 3 million students.The portal offers job listings, resume-building tools, and placement support for students from more than 12,000 colleges. It also includes the Silicon Valley Immersion Program, which connects students with industry leaders from companies such as Google, Apple, and Microsoft.
Apna Initiatives
editOn August 12, 2024, Apna.co, in collaboration with AICTE, concluded the Silicon Valley Immersion Program, selecting four students from XLRI Jamshedpur, WCE Sangli, and PEC Chandigarh. These students will travel to Silicon Valley to meet leaders from tech companies like Google, Apple, and Meta.[11][12]
Products and Services
editProfile Building
editUsers can register on the app or website, creating profiles that detail their skills, experience, and career goals.
Job Search
editJob seekers can find jobs based on their skills, experience, and location preferences. The job search function includes filters to narrow the search by industry, location, experience, and salary range.
Resume Builder
editThe platform includes an AI-powered resume builder for users to create and edit resumes.
Application Tracking
editUsers can track the status of their applications.
Networking
editThe platform allows users to connect with industry professionals and potential employers.
Apna Learn
editApna Learn is an online education platform that offers degree programs in collaboration with Indian universities. It provides flexible learning options for working professionals and students, enabling them to pursue higher education through online courses. The platform includes programs across multiple disciplines and focuses on making online education accessible and affordable.
Business Model
editApna.co is an open platform for candidates but since 2022 it has used a subscription-based model for employers which is the primary source of revenue. The platform serves over 1,000 enterprises and more than 100,000 small and medium-sized businesses. [13]
Awards and recognition
editReferences
edit- ^ "How Apna Became One of India's Fastest Unicorns with Almost Zero Annual Revenue".
- ^ "Apna acquires unicorn status after $100 mn fundraise led by Tiger Global". business-standard.com. Retrieved April 3, 2024.
- ^ "Apna.co records 50 million professional networking conversations in the last 90 days". aninews.in. Retrieved April 3, 2024.
- ^ "Employment: Blue-collar hiring start-up Apna reports 60% jump in job postings in 2022". business-standard.com. Retrieved April 3, 2024.
- ^ "Apna becomes India's fastest unicorn with $100 million from Tiger Global". Retrieved November 7, 2024.
- ^ "Blue-Collar Worker App Becomes a Unicorn in Under Two Years". Bloomberg. September 15, 2021.
- ^ Mittal, Apoorva; Mishra, Digbijay (September 16, 2021). "Apna becomes youngest startup to enter unicorn club in 21 months". The Economic Times.
- ^ "ETtech Deals Digest: Apna, Mobile Premier League enter unicorn club". The Economic Times. September 17, 2021.
- ^ "One Third of Nifty 100 Companies Hire Thousands of Young Talent on apna.co". Retrieved November 7, 2024.
- ^ "Nifty 100 companies tap smaller cities to ramp up hiring of young talent". India Today. August 9, 2024. Retrieved November 7, 2024.
- ^ "Silicon Valley Immersion Program wraps up: AICTE, Apna.co announce winners and their upcoming tech adventure". Financialexpress. August 14, 2024. Retrieved November 7, 2024.
- ^ "AICTE, apna.co conclude youth empowering Silicon Valley Immersion Programme". Retrieved November 7, 2024.
- ^ Basu, Sreeradha (November 11, 2021). "Apna.co sees 100% surge in job listings; 5 million new users during the festive season". The Economic Times.
- ^ "Indian Digital Enabler Awards 2021 - Awards Winner".
- ^ "Google Play Store's Best of 2020 awards: Sleep by Wysa is the best app for 2020". December 2020.