Vahan.ai, a Bengaluru-based startup, has announced securing USD 10 million in its Series B funding round, led by investor Khosla Ventures. This funding round saw participation from prominent investors like Y Combinator, Gaingels, and Paytm's Vijay Shekhar Sharma. Vahan.ai's AI-powered recruitment platform is making a significant impact on the Indian job market, particularly for the blue-collar workforce.
Vahan.ai is tackling a critical issue in India, where a significant population struggles to find stable, well-paying employment opportunities. As highlighted by Vahan.ai founder Madhav Krishna, approximately 81 million people in urban India live below the poverty line, often lacking access to opportunities beyond their limited networks.
The blue-collar workforce in India has witnessed a significant surge post-pandemic, with the gig economy experiencing an estimated 13% growth. This trend is projected to continue, with more than 90 million jobs expected in the gig sector by 2032, contributing approximately 1.25% to India's GDP.
With the recent funding, Vahan.ai plans to expand its operations into new industries, including manufacturing and retail, leveraging its AI capabilities to connect workers with diverse opportunities.
Vahan.ai's success in raising significant funding underscores the growing need for innovative solutions to address India's employment challenges. The platform's focus on AI-driven recruitment, combined with its commitment to expanding its reach and language support, positions it as a leader in India's evolving job market.
Ask anything...