Analysis · HR & Future of Work
Digital Labour Chowk raises ₹43 crore in grants
By Startup Enthusiast ·
- Date
- Company
- Digital Labour Chowk
- What it does
- Blue-collar job platform
- Kind
- Analysis
- Amount
- ₹43 crore
- Stage
- grant
- Founded
- 2020
- Sector
- HR & Future of Work
What they do
Digital Labour Chowk is an online platform connecting blue-collar workers with job opportunities across India
What happened
Founder Chandrashekhar Mandal received a ₹43 crore grant after appearing on Bharat Ke Super Founders, plus an earlier ₹10 lakh grant
Why it matters
The platform aims to give blue-collar workers a digital professional identity, similar to LinkedIn for white-collar professionals; it operates a three-sided…
The details
- Digital Labour Chowk is a platform that brings the traditional physical labour market online, connecting workers with employers.
- Founder Chandrashekhar Mandal, from a small village in Bihar, moved to Delhi for education and later joined an NBFC in 2020.
- While working at the NBFC, Mandal saw the struggles of job seekers and got the idea to digitise the blue-collar job market.
- He started by building a website where workers and employers could register and connect.
- The COVID-19 lockdown in March 2020 accelerated the need for digital solutions in the labour market.
- Mandal left his job and moved back to his village in September 2020 to focus on the venture.
- The platform received its first major grant of ₹10 lakh from an incubation centre in Pune.
- After appearing on Bharat Ke Super Founders, the platform received a ₹1 crore grant, bringing total grants to ₹1.1 crore.
The bigger picture
- The COVID-19 pandemic highlighted the urgent need for digital solutions in the informal labour market.
- The platform addresses a critical gap by providing a free service for workers while charging contractors and corporates.
- The vision of creating a LinkedIn-like professional identity for blue-collar workers is a significant step towards formalising the informal sector.
About the business
- Digital Labour Chowk connects workers with job opportunities across 31 states and union territories in India.
- The platform has over 3 lakh workers connected with job opportunities daily.
- Workers use the platform for free, while contractors are charged a nominal amount and corporates pay higher fees.
- The business operates a three-sided ecosystem involving workers, contractors, and employers.
- A key focus is on verification of both workers and employers to build trust on the platform.
- The company aims to create a digital professional identity for blue-collar workers, similar to LinkedIn for white-collar professionals.
What happens next
- The platform aims to continue building a digital professional identity for blue-collar workers.
- It plans to expand its reach across more states and union territories.
The deal
- Type
- grant
Investors
- Incubation centre in Pune (lead) — Provided the first major grant of ₹10 lakh.
- Venture capital investor in Bengaluru (participated) — Provided additional grants and funding.
Founders
- Chandrashekhar Mandal, Founder
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