2020
Bengaluru
Series A
GoodWorker is a technology platform designed to transform the lives of blue-collar and grey-collar workers in India by connecting them with verified employment opportunities and critical services. It leverages digital verifiable credentials to create a trusted environment for both job seekers and employers.
Digital Career Profile: A mobile app that allows workers to create a professional digital biodata, verified through trusted nodes, replacing traditional paper CVs.
Job Matching Marketplace: An AI-driven search engine that connects workers with local and hyperlocal job opportunities in sectors like logistics, delivery, retail, and manufacturing based on their verified skills and location.
Skill Verification: A trusted verification system that authenticates a worker’s past employment and skills, reducing the need for repeated background checks by employers.
Worker Benefits Ecosystem: Provision of value-added services beyond employment, including access to affordable healthcare plans, accident insurance, and financial products tailored for the gig workforce.
Upskilling Opportunities: Partnerships with training providers to offer short-term courses and certifications that enhance worker employability and career progression.
Two-Sided Marketplace Model: The company operates as an aggregator connecting a fragmented supply of labor (migrant and local workers) with demand (enterprises and SMBs). It typically offers services free of charge to job seekers to maximize user acquisition and platform liquidity.
Employer-Side Monetization: Revenue is primarily generated from employers through:
Recruitment Fees: Charges for successful placements or "cost-per-hire."
Subscription Plans: Access to the database of verified candidates and premium job posting features.
Managed Services: Fees for handling end-to-end recruitment drives for large-scale hiring needs.
Affiliate & Commission Revenue: The platform earns commissions through B2B2C partnerships by facilitating third-party services for workers, such as:
EdTech: Commissions from training partners for every worker who enrolls in paid upskilling courses.
FinTech & InsurTech: Referral fees or revenue sharing from financial institutions and insurance providers when workers purchase micro-insurance or credit products through the app.
$23Million
3
$3.02Million, Series A
as of December 23, 2022
$68.9Million
as of December 23, 2022
-
as of N/A
Ekam Advisors
53
WorkIndia
No Exits
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| December 23, 2022 | Series A | $3.02Million | $68.9Million | $1.9Million | - | - |
| May 6, 2021 | Series A | $13.5Million | $78.1Million | - | - | - |
| December 13, 2020 | Series A | $6.5Million | $30.5Million | - | - | - |