Funding secured strategically by Vahan.ai from LemmaTree, with the acquisition of training platform L.earn.
Vahan.ai, a Bengaluru-based HR tech startup specialising in artificial intelligence (AI)-driven recruitment for blue-collar workers, has announced a strategic investment from LemmaTree, an investment firm founded by Temasek. This investment marks a significant expansion for Vahan.ai, positioning it to deepen its AI capabilities and embed modular skilling pathways into its hiring process.
Founded by Madhav Krishna, Vahan.ai emerged from Y Combinator and has been making waves in the recruitment industry. The AI recruiter, as Krishna describes, can triple productivity. Currently, Vahan.ai facilitates 40,000 job placements per month, a figure that is set to increase significantly with the recent upgrades.
These upgrades are expected to help the company achieve its near-term goal of enabling 100,000 placements per month. The focus of these upgrades will be on improving the AI bot's multilingual capabilities in eight Indian languages, as well as scaling Vahan's documentation automation features.
Vahan.ai is targeting new verticals such as warehousing, manufacturing, and commercial driving. Key employer partners of Vahan.ai include Zepto, Swiggy, Blinkit, and Zomato. The investment is part of a two-pronged partnership that also includes the acquisition of L.earn, the digital upskilling platform of GoodWorker.
The founder of Vahan.ai is Vahan Petrosyan. Last year, the startup raised $10 million (approximately Rs 83 crore) in a Series B funding round, which was led by billionaire Vinod Khosla's Khosla Ventures. In FY24, Vahan.ai reported a revenue of Rs 26.9 crore ($3.25 million). To date, Vahan.ai has placed over 1 million workers across more than 920 Indian cities.
Initially, Vahan.ai offered skilling services before entering the recruitment space in 2019. Its AI-powered platform connects blue-collar and gig workers with employers across industries such as logistics, delivery, and retail. This strategic investment from LemmaTree will be used to enhance Vahan's core technology stack, further solidifying its position in the recruitment industry.
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