Smartstaff, the blue-collar employee-management platform, has received seed funding of $4.3 million from Blume Ventures, Nexus Venture Partners, Arkam Ventures, Gemba Capital and some other angel investors.
The platform — that helps businesses recruit and manage their blue-collar workforce through the digitisation of their employee-management processes — aims to make technology accessible to 100 million blue-collar workers in India, so that they can find meaningful employment. This is the right time to improve the platform further, as more industrial workers are in possession of smartphones today. The use of technology amongst the workers has definitely been on the rise, which augurs well for them as well as employers who require their services.
Smartstaff plans to use the fresh capital to enhance its mobile-based staffing solution and expand the team. In a year’s time, Smartstaff hopes to have more than 10,000 workers on its platform. It already boasts of big names in its client list, including Raymonds, Enamor and Dixcy.
Generally, the management of blue-collar workers is done by most employers in the old-fashioned way by maintaining registers, excel sheets or via contractors and middle-men. Such processes are not only inefficient but also lead to loss of productivity and result in attrition. Absenteeism is also a major issue, along with miscalculation of pay or remuneration. There is also the risk of middlemen depriving the workers of full pay and provident fund. Smartstaff takes care of all these challenges through its product, which helps track man hours of work efficiently.