Vahan.ai Raises $10 Million in Series B Funding, Expands Increase in Blue-Collar Recruitment
Bengaluru-based startup Vahan.ai, a blue-collar recruitment platform, has secured $10 million in its Series B funding round led by Khosla Ventures. The fundraising round also saw participation from Y Combinator, Gaingels, and Paytm founder Vijay Shekhar Sharma.
Vahan.ai, Which Conducts AI-powered interviews in eight major languages, plans to utilize the fresh funding to expand its technology and diversify into industries such as manufacturing and retail. The company already supports interviews in English and Hindi.
Launched in 2016, Vahan.ai claims to have hired over 500,000 workers across 480 cities for prominent companies like Zomato, Swiggy, Flipkart, and Uber. With a monthly recruitment rate of 25,000, the platform aims to reduce recruitment costs and time for companies.
In FY 2023, Vahan.ai reported a revenue of Rs 29.7 crore with a net loss of Rs 17.71 crore. While the company is yet to file its annual report for FY24, it expects to grow 2X or more in FY25. This funding will support the company’s growth ambitions.
Vahan.ai’s entry into the blue-collar recruitment space predates other popular platforms like Baba Jobs and Aasaan Jobs, which merged with Quikr and OLX, respectively. However, with the emergence of Tiger Global-backed Apna, and Vahan.ai has faced increasing competition in recent years.
