India-based Apna announced a USD $70 million Series B round of venture capital for its professional network and job board marketplace. This brings its total raised to $93.5 million. Apna also announced a new valuation of $570 million as a part of its announcement.
Apna claims to have grown 50X in the last 12 months, with more than 10 million candidates and 100,000+ employers currently relying on the platform. Apna will use the funds to strengthen its presence in existing cities and expand pan-India over the next 6 months to help restart India’s economy as it recovers from the COVID-19 pandemic. The team plans to double down on their edtech platform for skilling by continuing to invest in hiring exceptional talent and building world class engineering and product capabilities. Additionally, Apna plans to expand to high potential international markets such as Southeast Asia and the United States in the coming year.
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Source: Apna Raises $70M in Series B Funding from Insight Partners & Tiger Global at $570 million valuation