Funding secured strategically by Vahan.ai from LemmaTree, with the acquisition of skills platform L.earn.
In a significant move for the HR tech industry, Vahan.ai, an artificial intelligence-driven recruitment platform for blue-collar workers, has secured a strategic investment from LemmaTree. This investment is part of a two-pronged partnership that also includes the acquisition of L.earn, the digital upskilling platform of GoodWorker.
Founded by Madhav Krishna and emerging from Y Combinator, Vahan.ai has come a long way since its inception. Last year, the company raised $10 million (approximately Rs 83 crore) in a Series B funding round, which was led by billionaire Vinod Khosla's Khosla Ventures. This funding round marks a pivotal expansion for the Bengaluru-based startup.
Vahan.ai's AI-powered platform connects blue-collar and gig workers with employers across various industries such as logistics, delivery, and retail. The company reported a revenue of Rs 26.9 crore ($3.25 million) in FY24 and facilitates 40,000 job placements per month. To date, Vahan.ai has placed over 1 million workers across more than 920 Indian cities.
The AI recruiter on Vahan's platform is projected to triple productivity. The funds from the LemmaTree investment will be used to enhance Vahan's core technology stack, specifically the AI bot's multilingual capabilities in eight Indian languages. The acquisition of L.earn will integrate vernacular, mobile-first skilling content into the job discovery process.
Initially, Vahan.ai offered skilling services before entering the recruitment space in 2019. Key employer partners of Vahan.ai include Zepto, Swiggy, Blinkit, and Zomato. The startup plans to deepen its reach in Tier 2 and Tier 3 cities and pursue international markets in Southeast Asia and the MENA region, leveraging LemmaTree's regional presence.
Vahan.ai is targeting new verticals such as warehousing, manufacturing, and commercial driving. With these expansions, the company aims to achieve its goal of enabling 100,000 placements per month. The strategic investment and acquisition are expected to help Vahan.ai reach these milestones and continue its growth in the HR tech industry.
However, there are no search results indicating which corporate management has financially supported Vahan.ai in the past. This information was not disclosed in the recent announcement.
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