About Workruit
Workruit is a company based in Hyderabad (India) founded in 2016 by Manikanth Challa.. Workruit has raised $500 thousand across 1 funding round from investors including Family Office of Kantamaneni. The company has 24 employees as of April 06, 2024. Workruit offers products and services including Resume Builder, CV Builder, Cover Letter Builder, and Video Resume Maker. Workruit operates in a competitive market with competitors including TopCV, Hiration, WonderCV, VisualCV and Resume, among others.
- Headquarter Hyderabad, India
- Employees 24 as on 06 Apr, 2024
- Founders Manikanth Challa
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Storytech Private Limited
- Jurisdiction Khairatabad, Telangana, India
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Annual Revenue
$197.48 K (USD)122.18as on Mar 31, 2023
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Net Profit
$-257.28 K (USD)-60.86as on Mar 31, 2023
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EBITDA
$-254.04 K (USD)-4.19as on Mar 31, 2023
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Oct 17, 2022
- Investors
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Employee Count
24
as on Apr 06, 2024
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Products & Services of Workruit
Workruit offers a comprehensive portfolio of products and services, including Resume Builder, CV Builder, Cover Letter Builder, and Video Resume Maker. 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.
AI-powered tool for creating professional, ATS-friendly resumes quickly.
Platform for building customizable CVs with rich text editing features.
AI-assisted tool to craft job-winning cover letters easily.
Application for recording and sharing video resumes for job applications.
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Funding Insights of Workruit
Workruit has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in October 2022. 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 1
- Last Round Seed — $500,000
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First Round
First Round
(17 Oct 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2022 | Amount | Seed - Workruit | Valuation | Family Office of Kantamaneni |
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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 Workruit
Workruit has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Family Office of Kantamaneni. 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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Investments are directed by the angel network across multiple sectors.
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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 Workruit
| 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 - Workruit
| 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 |
Workruit Comparisons
Competitors of Workruit
Workruit 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 TopCV, Hiration, WonderCV, VisualCV and Resume, 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 |
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| domain | founded_year | HQ Location |
Resume building and job applications are enabled by the platform.
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| domain | founded_year | HQ Location |
Resumes are created and optimized via an online platform.
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| domain | founded_year | HQ Location |
Resumes are created and templates are selected via specialized software.
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| domain | founded_year | HQ Location |
Online resume management platform for candidates
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| domain | founded_year | HQ Location |
Resume Management
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Workruit
Frequently Asked Questions about Workruit
When was Workruit founded?
Workruit was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Workruit located?
Workruit is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Workruit?
Manikanth Challa is the current CEO of Workruit. They have also founded this company.
Is Workruit a funded company?
Workruit is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Oct 17, 2022.
How many employees does Workruit have?
As of Apr 06, 2024, the latest employee count at Workruit is 24.
What is the annual revenue of Workruit?
Annual revenue of Workruit is $197.48K as on Mar 31, 2023.
What does Workruit do?
Workruit was established in 2016 in Hyderabad, India, within the HR technology sector. A cloud-based platform is operated for applicant tracking, incorporating AI for resume building. Tools are offered for candidate sourcing, job postings, interview scheduling, and related functions. An application is made available on the Google Play Store and Apple App Store to support mobile access.
Who are the top competitors of Workruit?
What products or services does Workruit offer?
Workruit offers Resume Builder, CV Builder, Cover Letter Builder, and Video Resume Maker.
Who are Workruit's investors?
Workruit has 1 investor. Key investors include Family Office of Kantamaneni.