Smartstaff, a blue-collar workforce management platform based in Bengaluru, has raised $4.3 million in seed funding led by Nexus Venture Partners, Blume Ventures, and Arkam Ventures, with additional investments from Gemba Capital and others.
By harnessing the power of technology, the funding aims to provide 100 million blue-collar workers in India with better opportunities. The funds will be used to improve the product and expand the team.
“With more and more industrial workers getting access to smartphones, we see a huge potential in using technology to reimagine workplace processes, and unlock massive value for companies and workers alike,” said Arpit Dave, co-founder and CEO of Smartstaff.
Arpit Dave, Ganesh Chilukuri, Viral Chhajer, and Aravind Reddy founded Smartstaff in October 2020. Every day, over 30,000 man-hours of work are tracked on the Smartstaff platform with clients such as Enamor, Dixcy, Raymonds, and others. The company hopes to have over 10,000 workers on its platform by the end of this year.
“We at Nexus are very excited to partner again with Runnr’s founding team to re-imagine blue-collar recruitment and staffing for over 100 million workers in the country,” said Sameer Brij Verma, managing director of Nexus Venture Partners. Smartstaff aims to drive game-changing efficiencies in the way manufacturing and supply chain companies source, retain, upskill, pay, and incentivize their employees through their new age-workforce management platform.”
“Tens of thousands of SMBs and their workforces quietly power Indian manufacturing. Despite this, the ability to improve labour discovery, employment, productivity, and transparency remains alarmingly low. The Smartstaff solution has already wowed some of the industry’s smallest and largest employers. Smartstaff will soon power the core of Indian manufacturing,” said Karthik Reddy, Blume Ventures.
“Over the last decade, smartphone penetration in India has spawned waves of new-age platforms that have disrupted large markets. “We see Smartstaff leading the change by digitising manufacturing workplace processes and enabling 100M+ blue collar manufacturing workers to use their smartphones as a productivity tool with information on shifts, payouts, savings, jobs, and communication,” said Bala Srinivasa, managing director at Arkam Ventures.