Recruitment Platform Vahan Raises $10 Mn Khosla Ventures, Y Combinator, Others
The new funding will help Vahan develop artificial intelligence recruitment technology that can support eight major Indian languages
Vahan.ai, a platform for recruiting blue-collar workers, raised USD 10 million in its Series B funding round, led by Khosla Ventures. Other investors included Y Combinator, Gaingels, and Paytm founder Vijay Shekhar Sharma, as per media reports.
The new funding will help Vahan develop artificial intelligence (AI) recruitment technology that can support eight major Indian languages. Currently, their AI recruiter conducts interviews in English and Hindi. The company also plans to expand into sectors like manufacturing and retail, reported media.
Vahan, based in Bengaluru, previously raised USD 8 million in a Series A round in September 2021, also led by Khosla Ventures. The startup participated in Airtel’s accelerator program, and Airtel bought an 8.82 per cent stake in Vahan in October 2019.
For the fiscal year ending in March 2023, Vahan reported an operating revenue of Rs 29.7 crore and a loss of Rs 17.71 crore. Although the company hasn't filed its annual report for FY24 yet, it expects to double its growth in FY25.
Since its start in 2016, Vahan claims to have recruited over 500,000 workers across more than 480 cities, partnering with companies like Zomato, Swiggy, Flipkart, Zepto, Blinkit, Amazon, Rapido, and Uber. They recruit over 25,000 workers each month, helping to lower costs and speed up the hiring process.
