What is Apna (ApnaJob) upto?
Do you think they can survive the funding winter given that they are in a market (blue/grey collar) which is tough to monetize?
Indusplateau
Stealth
2 years ago
I think they have revenue from b2b products. I have seens companies like amazon using them to hire folks in bulk
FrillyAcre18
Student
2 years ago
Ya, but is it substantial or just 2-3 cr
Hard to make money through any hiring product in this tight white collar market.
Also in blue collar revenues are very low
FrillyAcre18
Student
2 years ago
True that, especially blue collar where they operate
incognito
Stealth
2 years ago
Dead unless they can raise. Even if they can raise it's a zombiecorn.
The app is supposed to be linkedin for blue/grey collar in india. However user retention is awful. Like, worse than a loan app. Users on decline for last 1y.
FrillyAcre18
Student
2 years ago
Oh, have you worked with them? What are all their big investors saying. They are a “unicorn” after all
incognito
Stealth
2 years ago
Why would you listen to anything investors say. They will say nothing except good things.
Listen to the customers of apna. They think it's a fraud. Many job listings on the platform are fake. Why should people need to pay to get interviews anyway.
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They can make a lot of money if they even get a couple of accounts like tvs, bajaj, godrej, etc. They are trying out a few good products in q2 q3. That is going to increase their revenue.
FrillyAcre18
Student
2 years ago
Interesting, but do these guys (tvs, bajaj etc) wanna pay big bucks to recruit blue/ grey? And why would they not continue to get them for free from 10s of other platforms that already exist
It is all about the best lead
The more data you have the more appropriate candidate you can provide.
