AamDhanE is a tech-enabled matching and fulfillment platform for blue-collar jobs. It has raised investment in its Pre-Series A funding round from MSDF, TNESSF, and its founders. According to the reports, the funding would help in further accelerating the mission of AamDhanE to cause a sea change in India’s blue-collar job market.
PC: Moneycontrol
AamDhanE, a Coimbatore-based entity set up in 2021 by a team of alumni from prestigious institutions such as IIT Kanpur, INSEAD, and London Business School, uses advanced technology along with physical outreach to bridge the blue-collar job seeker with industrial employers. It has already onboarded 1.5 lakh workers across eight states and given industrial workers better transparency and choice.
The platform caters to industries like manufacturing, e-commerce, construction, and textiles. So far, AamDhanE has managed to place more than 40 000 people; of these, about 40% are women workers. It has tied up with more than 400 factories that avail of its end-to-end services ranging from manpower sourcing and payrolling to custom-staffing solutions.
It was at this stage that Krishna Gupta, the co-founder and CEO of AamDhanE, highlighted that his company had focused on the yawning gap between demand and supply in the blue-collar job market. He says they have developed technology-based solutions to improve discovery across India’s wide variety of labor markets.
The initiative of AamDhanE received strong support from the Michael and Susan Dell Foundation, a reputed social organizational player in the upliftment of resource-constrained families. According to Sanjay Modi, Director at MSDF, AamDhanE’s tech-driven platform increases productivity and worker retention and creates strong recruitment channels with state governments and training centers for workers.
Krishna Chaitanya, CEO of TNIFMC, pointed out that AamDhanE has huge relevance towards the economic goals of Tamil Nadu. TNIFMC supports Tamil Nadu’s goal of the $1 trillion economy through AamDhanE’s partnerships with Governments for Training and Industries for a job-ready workforce, he stated.
Inval Capital has also invested in AamDhanE and is an exclusive advisor for the Pre-Series A round. It is part of the PSG Ganga Naidu group—a well-known business house from Coimbatore with various interests in sectors such as warehousing, renewable energy, and e-mobility.
The funding round was represented by PricewaterhouseCoopers India, Talwar Thakore & Associates, and Inval Capital for AamDhanE. MSDF and TNESSF were represented by AZB & Partners and BDO India respectively.
This investment comes at an important juncture in the continued rising trajectory of AamDhanE in terms of better livelihood opportunities for the blue-collar workforce in India and making the job market more organized and efficient.
