Xiaomi invests 5.9 million in Indian recruiting
Xiaomi has been interested in Indian digital startups for some time. Now it has added one more name to its regional portfolio.
Chinese phone company has invested US$5.9 million in WorkIndia. The startup has launched four years ago and already has the backing of Asuka Investments and Beenext.
WorkIndia is, as the name suggests, a recruitment platform. It specializes on bringing together the blue-collar workers and employers. The former get a job according to their preferences in location and responsibilities, the later get the skilled specialists who are interested in the job opportunity. The search and matching is carried by AI-powered algorithm.
The company already has over 15 million users in over 750 cities. WorkIndia is going to use its new financial resources to enhance its workforce and improve its tech, so that employers will be able to receive predictive analytics about their vacancies.