Nikhil Kamath’s Gruhas invests in Weavings Manpower Solutions

Gruhas, the investment firm co-founded by Nikhil Kamath and Abhijeet Pai, today announced a strategic investment in Weavings Manpower Solutions, a company providing staffing and workforce solutions in the Indian market. 

The investment firm focuses on supporting businesses that drive innovation, create employment opportunities, and contribute to India's economic development.

What does Weavings Manpower Solutions do?

Founded in 2011, Weavings is a Planet Group Venture that offers a comprehensive suite of people management solutions designed to offer a competitive edge to the client’s business.

The company provides end-to-end HR solutions, such as contract staffing, permanent recruitment, statutory compliance management, human resources information system (HRIS) services, master vendor services, front-line bulk-hiring, and payroll management services to medium—and large-scale organizations in India operating in different industrial domains.

Weavings leverages its proprietary digital platform to ensure predictability and transparency in workforce management, enhancing speed and compliance. 

Purpose of fundraising

With a presence in 100+ cities and 22 states, Weavings aims to pursue a 4x growth trajectory over the next five years.

The company plans to use the raised capital to enhance its technology platform, expand into new geographies, and introduce specialized staffing solutions across various industry sectors.

The capital infusion will also strengthen the company's financial foundation and bolster its operational capabilities.

“This investment will support Weavings in expanding its avenues into newer sectors as well as building long-term collaborations and establishing strategic partnerships," said Ashish Talwar, Managing Director at Weavings.

"Furthermore, we aim to leverage Gruhas’ valuable experience, expertise, and industry connections to drive innovation, scale our operations, and achieve our strategic goals, which will solidify our position as the fastest-growing staffing company in the country," Talwar added,

“India's economic engine runs on the sweat of its blue-collar workforce. WEAVINGS is uniquely positioned to address this critical need by leveraging technology to bridge the gap between the blue-collar workforce and booming sectors like manufacturing, warehouse management, and logistics. Their tech-driven solutions not only address compliance but also empower these workers, improving their employability and career prospects. This, in turn, fuels India's growth and creates a win-win situation for both businesses and the workforce," said Abhijeet Pai from Gruhas.