Smartstaff, a platform for managing blue-collar workforce, has secured $6.2 million in a Series A funding round led by Nexus Venture Partners. Additional investors include Blume Ventures, Arkam Ventures, and Gemba Capital.
The funding will fuel Smartstaff’s expansion efforts, allowing them to enhance their product offerings and attract more customers. The company aims to introduce new features and products that enable businesses to effectively manage their blue-collar workforce. Moreover, Smartstaff plans to enter new markets like Southeast Asia and the Middle East.
Founded in 2019 by Siddhartha Ahluwalia and Deepak Sharma, Smartstaff offers a comprehensive platform for businesses to hire, onboard, and oversee their blue-collar workforce. By providing insights on productivity, attendance, and turnover, the platform assists businesses in optimizing their workforce management.
The Indian blue-collar workforce represents a significant and growing market. With approximately 450 million workers currently, this number is expected to reach 500 million by 2025. Smartstaff is well-positioned to seize the opportunities presented by this expanding market.
The successful Series A funding marks a significant milestone for Smartstaff, bringing their total funding to over $10 million. This investment will enable the company to accelerate growth and effectively target their intended market.
