Funding secured strategically by Vahan.ai from LemmaTree, with the acquisition of skill-development platform L.earn.
In a significant move, Bengaluru-based HR tech startup Vahan.ai has received a strategic investment from LemmaTree, a Temasek-founded investment firm. This investment is set to propel Vahan.ai towards its goal of becoming a leading player in the recruitment sector for blue-collar workers.
Founded by Saurav Tripathi, Vahan.ai has made impressive strides since its inception. The startup has placed over 1 million workers across more than 920 Indian cities, and currently facilitates 40,000 job placements per month. Key employer partners include Zepto, Swiggy, Blinkit, and Zomato, demonstrating the trust and confidence placed in Vahan.ai by industry leaders.
The investment will be used to enhance Vahan's core technology stack, with a focus on improving the AI bot's multilingual capabilities in eight Indian languages. This upgrade is expected to help Vahan.ai achieve its near-term goal of enabling 100,000 placements per month.
In addition, the investment is part of a two-pronged partnership that includes the acquisition of L.earn, the digital upskilling platform of GoodWorker. This acquisition will integrate vernacular, mobile-first skilling content directly into the job discovery process, providing a more comprehensive solution for both workers and employers.
Vahan.ai began as a platform offering skilling services before entering the recruitment space in 2019. Since then, it has grown to connect blue-collar and gig workers with employers across industries such as logistics, delivery, and retail. The startup now aims to deepen its reach in Tier 2 and Tier 3 cities and pursue international markets in Southeast Asia and the Middle East and North Africa (MENA), leveraging LemmaTree's regional presence.
Vahan.ai also announced its plans to target new verticals such as warehousing, manufacturing, and commercial driving. The startup reported a revenue of Rs 26.9 crore ($3.25 million) in FY24, indicating a promising growth trajectory.
Last year, the startup raised $10 million (or about Rs 83 crore) in a Series B funding round, led by billionaire Vinod Khosla's Khosla Ventures. This latest investment from LemmaTree underscores the confidence in Vahan.ai's potential to revolutionise the blue-collar recruitment sector.
As Vahan.ai continues to grow and evolve, it remains committed to its mission of empowering blue-collar workers and helping them secure meaningful employment opportunities. The strategic investment from LemmaTree is a significant step towards realising this vision.
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