About Instawork
Instawork is a company based in San Francisco (United States) founded in 2015 by Sumir Meghani. Instawork has raised $148.12 million across 5 funding rounds from investors including WndrCo, TCV and 9Yards Capital. The company has 120 employees as of April 07, 2024. Instawork has completed 2 acquisitions, including Able Jobs and Drafted. Instawork offers products and services including Staffing Platform, Temporary Worker Service, and Permanent Worker Service. Instawork operates in a competitive market with competitors including Jobandtalent, Wonolo, Awign, Traba and smartstaff, among others.
- Headquarter San Francisco, United States
- Employees 120 as on 07 Apr, 2024
- Founders Sumir Meghani
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Instawork Services India Private Limited
- Date of Incorporation 29 May, 2017
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$3.7 M (USD)69.35as on Mar 31, 2023
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Net Profit
$431.73 K (USD)72.61as on Mar 31, 2023
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EBITDA
$599.89 K (USD)70.05as on Mar 31, 2023
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Total Equity Funding
$148.12 M (USD)
in 5 rounds
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Latest Funding Round
$60 M (USD), Series D
May 18, 2023
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Investors
WndrCo
& 15 more
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Employee Count
120
as on Apr 07, 2024
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Investments & Acquisitions
Able Jobs
& 1 more
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Products & Services of Instawork
Instawork offers a comprehensive portfolio of products and services, including Staffing Platform, Temporary Worker Service, and Permanent Worker Service.
Platform for businesses to hire workers for shifts and roles
Service for one-off events and seasonal staffing needs
Service for hiring full-time team members
People of Instawork
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Funding Insights of Instawork
Instawork has successfully raised a total of $148.12M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $60 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Instawork
Instawork has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include WndrCo, TCV and 9Yards Capital.
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Venture capital is invested in global technology companies by TCV.
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Venture capital investments are offered to promising startups.
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Spark Capital is engaged in venture capital investments.
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Investor details for Instawork
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Investments & Acquisitions by Instawork
Instawork has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Able Jobs and Drafted.
Investment portfolio details for Instawork
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- Transaction dates
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Online candidate assistance is provided through tools and training platforms.
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Employee referral network-based hiring platform
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Complete acquisition details for Instawork
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Financial Statements - Instawork
Detailed financials for Instawork
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Instawork Comparisons
Peer comparison for Instawork
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Competitors of Instawork
Instawork operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jobandtalent, Wonolo, Awign, Traba and smartstaff, among others.
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On-demand staffing is enabled via a cloud-based matching platform.
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On-demand staffing platform is operated for job matching and shifts.
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On-demand internships are offered via a cloud-based platform across industries.
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Online platform for contract workforce recruitment
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Provider of workforce management platform for blue collar employee lifecycle management
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Detailed competitors of Instawork
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Latest news on Instawork
Complete news archive for Instawork
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- Brand-specific news history
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Frequently Asked Questions about Instawork
Instawork was founded in 2015.
Instawork is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Sumir Meghani is the current CEO of Instawork. They have also founded this company.
Instawork is a funded company, having raised a total of $148.12M across 5 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Instawork is 120.
Annual revenue of Instawork is $3.7M as on Mar 31, 2023.
Cloud-based on-demand staffing platform for multi-industry. Candidates can search for jobs using keywords and location. Employers can use it to list positions, screen applicants, and schedule interviews. Food and beverage, warehouses, and event management are among the industries served. The platform offers solutions to a variety of businesses, including food, hospitality, warehouses, and restaurants.
Instawork's top competitors include Jobandtalent, Wonolo and WorkWhile.
Instawork offers Staffing Platform, Temporary Worker Service, and Permanent Worker Service.
Instawork has 16 investors. Key investors include WndrCo, TCV, 9Yards Capital, Benchmark, and Spark Capital.