About LabourNet
LabourNet is a company based in Bengaluru (India) founded in 2006 by Rajesh Anchiparambil Raveendran and Gayathri Vasudevan.. LabourNet has raised $19.68 million across 9 funding rounds from investors including Acumen, Michael & Susan Dell Foundation and Acumen Group. LabourNet offers products and services including WORK CLOUD and SKILL CLOUD. LabourNet operates in a competitive market with competitors including Instawork, Jobandtalent, Wonolo, Awign and Traba, among others.
- Headquarter Bengaluru, India
- Founders Rajesh Anchiparambil Raveendran, Gayathri Vasudevan
- Stage Minicorn
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.68 M (USD)
in 9 rounds
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Latest Funding Round
$956.71 K (USD), Series A
Jun 05, 2020
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Investors
Acumen
& 19 more
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Employee Count
Employee Count
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Products & Services of LabourNet
LabourNet offers a comprehensive portfolio of products and services, including WORK CLOUD and SKILL CLOUD. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for work completion and gig-talent hiring services
Service for skilling, assessments, and vocational education programs
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Software Development Team
8 people
Operations Team
7 people
Sales and Marketing
6 people
Manager Team
6 people
Human Resources and Administration
5 people
Project Team
5 people
Product Management Team
4 people
Center Team
3 people
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Funding Insights of LabourNet
LabourNet has successfully raised a total of $19.68M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $956.71 thousand completed in June 2020. 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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series A — $956,714
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First Round
First Round
(26 Aug 2009)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series A - LabourNet | Valuation | Michael & Susan Dell Foundation , Michael & Susan Dell Foundation |
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| Jan, 2020 | Amount | Series A - LabourNet | Valuation | C4D Partners |
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| May, 2017 | Amount | Series A - LabourNet | Valuation | Michael & Susan Dell Foundation , Michael & Susan Dell Foundation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LabourNet
LabourNet has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Acumen, Michael & Susan Dell Foundation and Acumen Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Impact investing in SMEs with focuses on climate action, livelihood, and gender equity.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LabourNet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LabourNet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Labournet Comparisons
Competitors of LabourNet
LabourNet 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 Instawork, Jobandtalent, Wonolo, Awign and Traba, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based on-demand staffing platform for multi-industry
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| domain | founded_year | HQ Location |
On-demand staffing is enabled via a cloud-based matching platform.
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| domain | founded_year | HQ Location |
On-demand staffing platform is operated for job matching and shifts.
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| domain | founded_year | HQ Location |
On-demand internships are offered via a cloud-based platform across industries.
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| domain | founded_year | HQ Location |
Online platform for contract workforce recruitment
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| domain | founded_year | HQ Location |
Provider of workforce management platform for blue collar employee lifecycle management
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Labournet
Frequently Asked Questions about LabourNet
When was LabourNet founded?
LabourNet was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is LabourNet located?
LabourNet is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of LabourNet?
Rajesh Anchiparambil Raveendran is the current CEO of LabourNet. They have also founded this company.
Is LabourNet a funded company?
LabourNet is a funded company, having raised a total of $19.68M across 9 funding rounds to date. The company's 1st funding round was a Series A of $308.6K, raised on Aug 26, 2009.
What does LabourNet do?
LabourNet was founded in 2006 in Bengaluru, India, within the human resources and skilling sector. Services are offered to businesses, nano-contractors, and workers, including contract and temporary staffing, payroll support, compliance management, and apprenticeship programs. Access is provided to skill-matching employment, regular salary payments, health insurance, family welfare schemes, continuous upskilling, and financial enablement across operations in India.
Who are the top competitors of LabourNet?
LabourNet's top competitors include Instawork, Jobandtalent and Wonolo.
What products or services does LabourNet offer?
LabourNet offers WORK CLOUD and SKILL CLOUD.
Who are LabourNet's investors?
LabourNet has 20 investors. Key investors include Acumen, Michael & Susan Dell Foundation, Acumen Group, C4D Partners, and MayaHealth.
What is LabourNet's valuation?
The valuation of LabourNet is $34.54M as of Jun 2020.
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