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
Not available
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Net Profit
Not available
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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
Not available
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Products & Services of LabourNet
LabourNet offers a comprehensive portfolio of products and services, including WORK CLOUD and SKILL CLOUD.
Platform for work completion and gig-talent hiring services
Service for skilling, assessments, and vocational education programs
People of LabourNet
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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.
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.
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Impact investing in SMEs with focuses on climate action, livelihood, and gender equity.
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Venture capital fund focused on multiple sectors
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Investor details for LabourNet
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Investments & Acquisitions by LabourNet
Investment portfolio details for LabourNet
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- Transaction dates
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Financial Statements - LabourNet
Detailed financials for LabourNet
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- Profit trends
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Labournet Comparisons
Peer comparison for LabourNet
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based on-demand staffing platform for multi-industry
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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 LabourNet
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Verified entity values are shown only after access is granted.
Latest news on Labournet
Complete news archive for LabourNet
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Frequently Asked Questions about LabourNet
LabourNet was founded in 2006 and raised its 1st funding round 3 years after it was founded.
LabourNet is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rajesh Anchiparambil Raveendran is the current CEO of LabourNet. They have also founded this company.
LabourNet is a funded company, having raised a total of $19.68M across 9 funding rounds to date.
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.
LabourNet's top competitors include Instawork, Jobandtalent and Wonolo.
LabourNet offers WORK CLOUD and SKILL CLOUD.
LabourNet has 20 investors. Key investors include Acumen, Michael & Susan Dell Foundation, Acumen Group, C4D Partners, and MayaHealth.
The valuation of LabourNet is $34.54M as of Jun 2020.