October 17, 2024
Indian Startup Updates

Vahan Raises $10 Million to Revolutionize Blue-Collar Recruitment with AI

Vahan.ai, a leading AI-driven recruitment platform focused on India’s vast blue-collar workforce, has secured $10 million in Series B funding. 

This round was spearheaded by Khosla Ventures, founded by Vinod Khosla, and saw participation from investors such as Y Combinator, Gaingels, and Paytm’s Vijay Shekhar Sharma. The funds will be utilized to enhance Vahan’s AI-powered recruitment solutions, expanding the platform’s capabilities to support eight major Indian languages. 

Founded in 2016 and headquartered in Bengaluru, Vahan has become a go-to platform for blue-collar job placements across the country. To date, Vahan has helped over 500,000 workers secure employment in more than 480 cities, working with clients like Zomato, Swiggy, Flipkart, Amazon, Uber, and Rapido. With an average of 25,000 workers being placed each month, the platform is helping streamline recruitment processes for both employers and job seekers, reducing costs and shortening the time to hire.

Vahan’s growth comes at a pivotal time for India’s job market. Blue-collar workers are projected to account for 70% of the nation’s job growth by 2030, and Vahan’s technology is playing a critical role in connecting these workers with opportunities. The use of AI allows for more precise matching, helping employers find the right candidates quickly and efficiently while offering workers access to better job prospects.

Madhav Krishna, Founder and CEO of Vahan, reflected on the platform’s rapid expansion: “We’ve grown from placing 600 workers per month during the pandemic to 25,000 today. 

This funding enables us to further enhance our AI capabilities, driving greater employment opportunities for the youth in India. Our goal is to ultimately help over a billion people secure livelihoods.”

By developing AI recruitment technology in multiple languages, Vahan is poised to transform the blue-collar recruitment landscape in India, providing a scalable solution for the country’s growing workforce. This latest investment round marks a significant milestone in the company’s mission to empower workers and drive economic growth across India.