Smartstaff, a blue-collar workforce management startup, has raised $4.3 Mn in a new round led by Blume Ventures, Nexus Venture Partners and Arkam Ventures. Gemba Capital along with some undisclosed angels have also participated.
The funding proceeds will be used for further enhancing its product and team building, said Smartstaff in a press release.
Started by Arpit Dave, Viral Chhajer, Gnanesh Chilukuri and Aravind Reddy, Smartstaff provides mobile-based workforce management and staffing solutions to blue-collars. It claims to help the manufacturing industry upgrade from legacy processes, and reduces attrition and absenteeism while improving their workers’ visibility into payouts, statutory contributions and their timesheets.
Currently, the Bengaluru-based startup claims that it tracks over 30,000-man hours of work on its platform with clients such as Raymonds, Enamor, Dixcy and several others. The company aims to have over 10,000 workers on its platform by the end of the year.
Last month, professional networking platform for blue and grey collars Apna had scooped up $100 million in its Series C round led by existing investor Tiger Global Management at a valuation of $1.1 billion.