GetWork, a Gurugram-based HR-tech platform, claims to bridge tier-2 and 3 colleges with a range of employers. The company states that till now it has facilitated placements for more than 30,000 freshers within its network of 8,000 employers. Its notable hiring partners include Reliance Retail, IndusInd Bank, Sharekhan, HDFC and Religare, among others. In its early stages, the company secured a total funding of Rs 10 crore across three funding rounds, with support from investors such as Artha Venture Fund, Samarthya Investment Advisors and NVS Wealth Managers among others, Rahul Veerwal, CEO and founder, GetWork, told FE Education. “We specifically focus on tier-2 and 3 colleges. Through Artificial Intelligence (AI), we compile a database that showcases the talent within these institutions. By monitoring students across more than 200 data points starting from their second year of college, we gather insights. This data enables us to offer personalised job recommendations to students, identify areas for skill enhancement to bolster their employability and connect them with suitable employers,” he said.
The company which started its operation in October 2018 has reported a 132% increase in its revenue from sales or supply of services from Rs 84.38 lakh in FY22 to Rs 1.96 crore in FY23. Additionally, the net-loss of the company has narrowed 91.1% from Rs 2.10 crore in FY22 to Rs 2.2 crore in FY23, as per regulatory filings accessed by business intelligence platform, Tofler.
GetWork claims to be focused on three key objectives which includes reducing the time of hiring, providing personalised support to each candidate and increasing revenues. The company plans to deepen its presence in India and explore two new international geographies, including Dubai and Africa, where significant value can be generated through its platform. Moreover, it aims to onboard more than 2,000 colleges and add two million new candidates primarily from India in 2024. “In 2023, we facilitated the placement of 12,050 students, marking a seven percent increase compared to the previous year’s campus placements. These achievements were attained amidst a challenging placement season for most tier-1 colleges,” Veerwal said.
Moreover, GetWork asserts that it has developed a solution tailored for colleges and universities, enabling them to digitise their placement processes within minutes. This solution aims to provide colleges with a comprehensive suite of features, including a smart dashboard, a variety of marketing tools and invitations to events and fairs, among other benefits. “Additionally, colleges can utilise the platform to monitor ongoing job vacancies, organise interview schedules, establish connections with companies, access AI-driven reports for insights into their talent pool and much more,” he explained.
Furthermore, from the employer perspective, the company claims to provide comprehensive recruitment support, spanning from sourcing candidates to conducting screening assessments, facilitating online interviews, issuing offer letters and overseeing the onboarding process. “Companies gain access to pre-assessed profiles from a diverse talent pool, courtesy of our reach into Tier two and three colleges and universities. Additionally, leveraging AI technology, we deliver tailored recommendations of top candidates from our database, streamlining the hiring process for swift decision-making,” Veerwal added.