Gruhas, the investment firm co-founded by Nikhil Kamath and Abhijeet Pai, has announced a significant strategic investment in Weavings Manpower Solutions, a provider of staffing and workforce solutions in India.
The investment will enable Weavings to pursue a 4x growth trajectory over the next five years. The funds will be used to enhance Weavings' technology platform, expand into new geographies, and introduce specialised staffing solutions across various industry sectors. This capital infusion will strengthen the company's financial foundation and bolster its operational capabilities.
Weavings’ mission is to manage the entire talent lifecycle for frontline workers, offering a responsive and agile approach to meet fluctuating workforce demands. As India’s economy traverses its goal to reach USD 7 trillion, driven by sectors like ecommerce, BFSI, retail, and logistics, Weavings is well-positioned to deliver high-quality, organised, end-to-end staffing solutions to these growing sectors.
Ashish Talwar, Managing Director at Weavings said, “This investment will support Weavings in expanding its avenues into newer sectors as well as building long-term collaborations and establishing strategic partnerships. Furthermore, we aim to leverage Gruhas’ valuable experience, expertise, and industry connections to drive innovation, scale our operations, and achieve our strategic goals, which will solidify our position as the fastest-growing staffing company in the country.”
Abhijeet Pai from Gruhas mentioned, “India's economic engine runs on the sweat of its blue-collar workforce. WEAVINGS is uniquely positioned to address this critical need by leveraging technology to bridge the gap between the blue-collar workforce and booming sectors like manufacturing, warehouse management, and logistics. Their tech-driven solutions not only address compliance but also empower these workers, improving their employability and career prospects. This, in turn, fuels India's growth and creates a win-win situation for both businesses and the workforce.”
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