Staffing startup Instawork has made its first acquisition in India by acquiring Able Jobs, a company backed by Y Combinator and Elevation Capital. Instawork, based in San Francisco, has raised over $160 million and aims to enhance its global product capabilities through this acquisition.
Instawork, which connects businesses with skilled hourly workers, will leverage Able Jobs’ expertise and reach to build a more robust global product. Able Jobs, launched in 2019, offers job seekers the ability to create profiles and engage in interactive learning modules, mock interviews, and industry-designed assessments to improve their skills.
Following the acquisition, Ravish Agrawal, co-founder and CEO of Able Jobs, will serve as an advisor to Instawork. The other co-founder, Siddharth Srivastava, will join Instawork as a product leader.
Able Jobs, based in Bengaluru, has helped over 35,000 candidates secure employment and has registered approximately 3 million users on its platform. The company has raised $2.3 million from investors including Elevation Capital, Y Combinator, Titan Capital, and Mynavi.
Instawork, founded in 2016 by Sumir Meghani, provides flexible work opportunities across various industries such as hospitality, warehousing, retail, and events. It has raised $160 million from institutional investors like Benchmark, Spark Capital, and Y Combinator.
