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- Apna
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.
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
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2021 | Series C | $1.1B | 78.6x |
| Jun 2021 | Series B | $570M | 40.7x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2021 | $14M | $1.1B | 78.6x | Series C |
| Jun 2021 | $14M | $570M | 40.7x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2021 | Series C | Tiger Global (lead); Owl Ventures; Insight Partners; GSV Ventures; Peak XV Partners | $100M | $1.1B | Apna 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 2021 | Series B | Insight Partners (lead); Tiger Global (lead); Rocketship.vc; Lightspeed India Partners; Peak XV Partners | $70M | $570M | Apna 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 2021 | Series A | Peak XV Partners (lead); Rocketship.vc; Greenoaks; Lightspeed India Partners | $13M | - | - |
| Sep 2020 | Series A | Lightspeed India Partners (lead); Peak XV Partners (lead); Rocketship.vc; Greenoaks | $8M | - | - |
| Jul 2019 | Seed | Peak 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Jul 2019 | ||
| 3 | Participant | Sep 2020 | ||
| 3 | Lead | Sep 2020 | ||
| 2 | Participant | Sep 2020 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Lead | Jun 2021 | ||
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Start Free TrialApna Competitors
Apna competitors include listed companies like Upwork, Grupa Pracuj, DIP and Visional, and private ones like Andela and Movile.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $788M | $180M | $1.1B | 1.1x | ||
| Publicly listed | $214M | $95M | $1B | 4.4x | ||
| Private | $50M | - | $1.5B | - | ||
| Publicly listed | $353M | $85M | $623M | 1.5x | ||
| Publicly listed | $515M | $157M | $2.2B | 2.6x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
| $1.9B | $160M | 0.6x | 0.6x | 6.8x | 4.2x | |||
| $647M | $70M | 1.8x | 1.4x | 16.2x | 11.8x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
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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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