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Smartstaff Founders
Smartstaff offering a blue-collar staffing platform has raised $6.2 million in a Series A funding round led by Nexus Ventures, Arkam Ventures, Blume Ventures, and Alteria Capital.
According to the startup, the round included a debt funding of $500,000 from Alteria Capital. The startup also said that it would use the raised capital to expand its presence away from its core south Indian markets, investing in strategic projects and upskilling.
Founded in 2021 by Arpit Dave, Viral Chhajer, Gnanesh Chilukuri, and Aravind Reddy, Smartstaff said it offers solutions for recruitment, workforce management, and retention for mid-sized and large manufacturing businesses.
The startup claims to have recruited, trained, and employed 11,000 workers across 50 manufacturers, subsequently helping them to earn over Rs 100 crore in wages.
“We are excited to double down on our investment in SmartStaff because of their game-changing workforce management and blue-collar sourcing platform, which is poised to disrupt the way manufacturing companies hire and manage their workers,” Sameer Brij Verma, director of Nexus Venture Partners, said.
"Over 100 million manufacturing workers in India are now digitally connected via smartphones, and participate in India's public digital stack (Aadhar, UPI, etc). Smartstaff has leveraged this to build a platform that directly addresses the massive challenges of worker productivity and attrition that plagues Indian manufacturing,” Bala Srinivasa, managing director, Arkam Ventures, said.
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