WorkIndia to raise $13 Mn in new funding round

Blue and grey-collar job portal WorkIndia is all set to raise Rs 114.35 crore (approximately $13 million) from Aavishkaar Capital, existing investor Beenext and the company’s co-founders Nilesh Dungarwal and Moiz Arsiwala.

This is the first funding for the company in nearly 3 years since it raised $12 million in January 2023, led by SBI Holdings, Nintendo founding family and others.

The board at WorkIndia passed a resolution to approve the issuance of 3,067 compulsory convertible preference shares and 100 equity shares at an issue price of Rs…