GoodWorker

GoodWorker

Company that connects job seekers with various job openings

Founded

2020

Headquarters

Bengaluru

Status

Series A

Company Details

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.

Core Products and Services

  • 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.

Business Model and Revenue Streams

  • 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.

Key People

Amit Jain

Pradyumna Agrawal

Key Metrics

Total Equity Funding

$23Million

No. of Funding Rounds

3

Latest Funding Round

$3.02Million, Series A

as of December 23, 2022

Post Money Valuation

$68.9Million

as of December 23, 2022

Funding Multiple

-

as of N/A

Investors

Ekam Advisors

Employee Count

53

Similar Companies

WorkIndia

Exit Details

No Exits

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
December 23, 2022Series A$3.02Million$68.9Million$1.9Million--
May 6, 2021Series A$13.5Million$78.1Million---
December 13, 2020Series A$6.5Million$30.5Million---

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