WorkIndia Receives An Investment Worth Rs 42 cr From Xiaomi

Publish On: 11 Feb, 2020 12:09 PM | Updated   |   Madhurima  

BENGALURU:  Smartphone brand Xiaomi, which is quite popular in India has just made an investment of Rs 42 crore to WorkIndia. WorkIndia is one of country’s largest Staff Recruitment Network. The announcement was made by Xiaomi on 10 February 2020.

Previous investors of WorkIndia include VC investors such as Beenext Pte Ltd and Asuka Investments, a top hedge fund in Japan.

WorkIndia has 1.5 crore registered job seekers and presence in 763 cities across India.

"The company has created a massive presence in the Indian Blue Collar segment within a short span of time. At Xiaomi, we thrive towards providing innovation for everyone and we see significant future potential in WorkIndia," said Manu Jain, Global Vice President, Xiaomi and Managing Director, Xiaomi India.

With 125 million user events captured every month and dynamic algorithms already in place, WorkIndia is one of the few Indian start-ups that is ready for Artificial Intelligence capability.

"Team WorkIndia thrives on two aspects -- one, extreme innovation and two, the excitement of becoming a global leader in the blue-collar segment. Xiaomi's focus on innovation and the disruption they have brought to the market has clear adjacencies with us," said Kunal Patil and Nilesh Dungarwal, Co-founders at WorkIndia.