It noted the company had raised $118.5 million in equity capital since February 2018. The company was profiled earlier this year in a Staffing Industry Review magazine article written by John Nurthen, director of global research at SIA. Jobcase counts more than 110 million registered members and 20 million monthly active unique users. The investment and partnerships will also support Jobcase’s recently released features including virtual hiring events and an onsite unemployment resource center. The funding will transition controlling ownership of the company to PSG (which was the lead investor in a $100 million growth equity funding round for Jobcase in February 2019), Workday Ventures and existing investor Savano Capital Partners long-time shareholder Link Ventures will exit. In addition, Jobcase is joining the Workday Software Partner Program. The investment includes $30 million of primary capital, which will be used to accelerate Jobcase’s product development, member services and employer partnerships. Providence Strategic Growth acquired a majority stake in the company and Workday Ventures participated as a strategic investment partner. “We have been running experiments and we know we can make money.Jobcase Inc., a career-focused social media platform that aims to be the LinkedIn for workers without college degrees, announced a new capital investment. While many questioned whether a job board for blue-collar hiring would really generate much revenue, Parikh brushed off the concerns. The second of those, a $100 million fundraise led by Tiger Global, valued the startup at $1.1 billion, making it the fastest in India to become a unicorn.įor the first couple of years, it ran almost entirely as a free app for job-seekers and recruiters alike. When the pandemic hit the very next year, the company’s user base grew massively and Apna rode that high to raise $170 million across two funding rounds in 2021.

Parikh founded Apna in 2019 as a LinkedIn for blue- and grey-collar workers. Nirmit Vidyut Parikh is confident his startup will be worth more than $10 billion, a decacorn. Having raised $170 million in the pandemic frenzy, the job board startup has struggled to get anyone to pay, and now wants to enter Naukri’s turf. For a doctor, engineer, or bank executive, managing a career network has never been easier. Apna finds there’s no money in a blue-collar LinkedIn Jobcase targets blue-collar workers left out of LinkedIn. The term blue-collar worker refers to individuals who engage in hard manual labor, typically in the agriculture, manufacturing.

Blue collar linkedin