Apna Revenue, Valuation, Funding & Investors

Apna is valued at $1.1B as of September 2021, a 78.6x multiple on its last reported $14M revenue.

See full Apna profile

Last Apna valuation

$1.1B

Series C · Sep 2021

Last Apna funding round

$100M

Series C · Sep 2021

Apna revenue

$14M

Series C · Sep 2021

Key investors in Apna

  • Peak XV Partners
  • Lightspeed India Partners
  • Rocketship.vc
  • Tiger Global
  • Insight Partners
  • Greenoaks

Apna Overview

About Apna

Apna is an India-based professional networking platform founded in 2019, serving 75 cities. It connects over 35 million users with 2 million employers for jobs, skilling, and networking, funded by $190 million from Insight Partners, Tiger Global, Lightspeed India, Sequoia Capital India, Rocketship.vc, and Greenoaks Capital.


Founded

2019

HQ

IndiaBangalore

Website

apna.co

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Advertising

Revenue

$14M (Sep 2021)

Valuation

$1.1B (Sep 2021)

Apna Valuation

Apna is currently valued at $1.1B, based on its Series C in September 2021.

The $100M round was led by Tiger Global, with participation from Owl Ventures, Insight Partners, GSV Ventures and Peak XV Partners.

Apna's valuation has grown 1.9x from $570M at its Series B in June 2021 to $1.1B in September 2021, across 2 priced rounds.

Apna valuation by funding round

Revenue multiple
Apna valuation by funding round
DateStageValuationRevenue Multiple
Sep 2021Series C$1.1B78.6x
Jun 2021Series B$570M40.7x

Apna Revenue

Apna's latest recorded revenue is $14M, as of its Series C in September 2021. At a $1.1B valuation, that implies a 78.6x revenue multiple.

Revenue moved from $14M in June 2021 to $14M in September 2021, while the revenue multiple moved from 40.7x to 78.6x.

Apna revenue by funding round

Apna revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2021$14M$1.1B78.6xSeries C
Jun 2021$14M$570M40.7xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Apna Funding History

Apna has raised a total of $194M across 5 funding rounds.

Apna's first fundraising round was a $3M seed round in July 2019. The most recent completed round was a $100M Series C in September 2021.

Apna funding rounds

Apna funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2021Series CTiger Global (lead); Owl Ventures; Insight Partners; GSV Ventures; Peak XV Partners$100M$1.1BApna is a professional networking and job platform targeting blue- and gray-collar workers in India, facilitating skill development, job matching, and interviews through its Android app. Founded in 2019, the company achieved rapid growth, reaching over 16 million users by September 2021, up from 10 million in June, and facilitated over 100 million interviews in 15 months, with 18 million in the last month alone. It had recently begun monetizing but had almost zero annual revenue at the time of the round. On September 15, 2021, Apna raised $100 million in a Series C round led by Tiger Global, with participation from Owl Ventures, Insight Partners, Sequoia Capital India (now Peak XV Partners), Maverick Ventures, and GSV Ventures, exactly matching the specified investors. This funding valued the company at a post-money $1.1 billion, making it India's fastest unicorn in just 22 months, up from $570 million in its June 2021 Series B round of $70 million co-led by Insight Partners and Tiger Global. The round nearly doubled its prior valuation amid impressive user growth. Apna plans to use the proceeds for deeper expansion within India across more cities, international growth into the USA, Southeast Asia, Middle East, and Africa by early 2022, upskilling programs for blue- and gray-collar workers, and hiring in engineering and product teams. The platform's viral adoption stems from its social, interactive approach connecting job seekers with vetted employer opportunities. This was Apna's third raise in 2021, building a war chest for aggressive scaling while maintaining focus on product improvement and team building.
Jun 2021Series BInsight Partners (lead); Tiger Global (lead); Rocketship.vc; Lightspeed India Partners; Peak XV Partners$70M$570MApna is a professional networking and job discovery platform founded in 2019 that connects blue-collar and grey-collar workers in India with employment opportunities and helps them upskill themselves. The platform enables job discovery, application, and employer-candidate interaction through a tech-driven, product-led approach focused on building professional communities for underserved labor market segments. In June 2021, Apna raised $70 million in a Series B round co-led by Tiger Global and Insight Partners, with participation from existing investors Sequoia Capital India, Lightspeed India, Greenoaks Capital, and Rocketship VC. The round valued the company at $570 million post-money, representing a 5x increase from its Series A valuation of approximately $114 million just three months earlier when it raised $12.5 million. Within 16 months of product launch, Apna had raised over $90 million cumulatively and achieved rapid user growth, reaching approximately 10 million users on its Android app by June 2021, and later growing to 16 million users by September 2021. The platform hosted approximately 1.4 million job openings across more than 70 job categories and 14 Indian cities. The company planned to use the fresh capital to build new products, expand its team, strengthen presence in existing Indian markets, and enter Southeast Asia and the United States in the following year. By September 2021, Apna had achieved unicorn status (valued at $1.1 billion) in a Series C round, making it India's fastest unicorn at just 22 months old.
Mar 2021Series APeak XV Partners (lead); Rocketship.vc; Greenoaks; Lightspeed India Partners$13M--
Sep 2020Series ALightspeed India Partners (lead); Peak XV Partners (lead); Rocketship.vc; Greenoaks$8M--
Jul 2019SeedPeak XV Partners (lead)$3M--

Who has invested in Apna?

8 investors have backed Apna across its funding rounds, including Peak XV Partners, Lightspeed India Partners, Rocketship.vc, Tiger Global, Insight Partners and Greenoaks.

Lead investors include Tiger Global, Insight Partners, Peak XV Partners and Lightspeed India Partners.


Apna Investors

Investors in Apna by funding rounds participated
InvestorHQRoundsRoleFirst check
Peak XV PartnersIndiaBangalore5LeadJul 2019
Rocketship.vcUnited StatesSan Francisco, CA3ParticipantSep 2020
Lightspeed India PartnersIndiaNew Delhi3LeadSep 2020
GreenoaksUnited StatesSan Francisco, CA2ParticipantSep 2020
Tiger GlobalUnited StatesNew York City, NY2LeadJun 2021
Insight PartnersUnited StatesNew York City, NY2LeadJun 2021

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Apna Competitors

Apna competitors include listed companies like Upwork, Grupa Pracuj, DIP and Visional, and private ones like Andela and Movile.

Public and private companies comparable to Apna
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UpworkUnited StatesUnited StatesPublicly listed$788M$180M$1.1B1.1x
Grupa PracujPolandPolandPublicly listed$214M$95M$1B4.4x
AndelaNigeriaLagosPrivate$50M-$1.5B-
DIPJapanJapanPublicly listed$353M$85M$623M1.5x
VisionalJapanJapanPublicly listed$515M$157M$2.2B2.6x
MovileBrazilSão PauloPrivate--$1B-

Apna Public Comps

Apna is still privately-owned, but its public comps include Yelp, Baltic Classifieds Group, Upwork, The RealReal, Tripadvisor, BuySell Technologies, LegalZoom, Grupa Pracuj, QuinStreet and SMZDM.com.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Yelp$1.5B$251M0.8x0.8x4.5x3.4x
Baltic Classifieds Group$102M$79M11.2x10.9x14.5x14.1x
Upwork$788M$180M1.0x1.1x4.6x3.6x
The RealReal$693M$15M2.2x2.0x99.6x24.6x
Tripadvisor$1.9B$160M0.6x0.6x6.8x4.2x
BuySell Technologies$647M$70M1.8x1.4x16.2x11.8x
LegalZoom$756M$74M1.2x1.1x12.1x4.8x
Grupa Pracuj$214M$95M4.6x4.4x10.3x9.7x

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Common questions about Apna

When was Apna founded?Apna was founded in 2019.
Where is Apna headquartered?Apna is headquartered in Bangalore, India.
Is Apna publicly listed?No, Apna is a private, VC-backed company.
What is Apna's valuation?Apna was last valued at $1.1B in its Series C in September 2021.
How much funding has Apna raised?Apna has raised $194M across 5 funding rounds.
What was Apna's last funding round?Apna's last funding round was a $100M Series C in September 2021, led by Tiger Global.
Who are Apna's investors?Apna's investors include Peak XV Partners, Rocketship.vc, Lightspeed India Partners, Greenoaks, Tiger Global, Insight Partners, Owl Ventures and GSV Ventures.
What is Apna's revenue?Apna's latest recorded revenue is $14M (September 2021).
What is Apna's revenue multiple?Apna's latest valuation implies a 78.6x revenue multiple ($1.1B valuation on $14M of revenue).
Which companies are comparable to Apna?Companies comparable to Apna include Upwork, Grupa Pracuj, Andela, DIP, Visional and Movile.

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