Arthum raises Rs 10 Cr in seed round led by Caret Capital

Gurugram-based workforce management startup Arthum has raised Rs 10 crore (around $1.09 million) in a seed funding round led by Caret Capital. The round also saw participation from Keynote Financial Services Limited and JS Global.

The proceeds will be used to strengthen its technology stack, expand geographically, and deepen financial product offerings. It is also expanding operations to cities including Dehradun, Chandigarh, Ludhiana, Jaipur, and Ahmedabad, targeting large industrial clusters.

Founded in 2023 by Darpan Sharma and Vishal Mishra, Arthum builds an integrated operating system contract and blue-collar workforce. The platform connects enterprises, labour contractors, and workers on a single digital infrastructure to manage attendance, payroll, contracts, compliance, and payouts.

Arthum offers ERP-like tools such as geo-tagged attendance, automated payroll, digital payments, statutory compliance, and contract management. The platform currently automates operations for more than 3 lakh labour contractors and has onboarded over 6 lakh workers, primarily across the Delhi NCR region.

Alongside workforce management, Arthum operates an integrated neo-banking layer that uses verified worker data to provide access to banking, insurance, credit, and investment products. 

The startup has partnered with banks including Yes Bank, ICICI Bank, and IDFC, along with over 15 NBFCs, to offer tailored financial products for contractors and workers.