Mumbai, August 06 2024: Flexible work app, Instawork, announced that it has acquired YC and Elevation Capital-backed startup, Able Jobs, to strengthen its product suite. This marks the San Francisco-based company’s first acquisition in India.

Instawork aims to leverage Bengaluru-based Able Jobs’s product innovations to enhance its own capabilities and explore new segments. This acquisition will also help Instawork build a product from India for the global market and benefit from Able Jobs’s expertise, the company said in a statement.

As a part of the acquisition, Ravish Agrawal, Co-Founder and CEO of Able Jobs, will serve as an advisor to Instawork, while Siddharth Srivastava, Co-Founder and CPO will join as a product leader in the Instawork team.

Speaking on the announcement, Ravish Agrawal, Co-Founder and CEO, Able Jobs, commented, “This acquisition marks an exciting new chapter for Able Jobs. We are thrilled to bring our knowledge and experience to Instawork, helping to build a world-class platform that benefits workers and employers globally.”

Sharing his views on the acquisition, Siddharth Srivastava, Co-Founder and CPO, Able Jobs, stated, “We see this as an incredible opportunity to utilize our strengths and Instawork’s resources to solve unemployment and hiring challenges more effectively and on a larger scale.”

Ravish and Siddharth founded able Jobs in 2019 as a career platform for early professionals in India. In the last five years, Able Jobs has garnered ~3 Mn users who have accessed the platform to apply for jobs, prepare for interviews, and get real world skills.

So far, more than 2500+ companies have also used the Able Jobs platform for their entry-level hiring. Able Jobs has also placed nearly 35,000+ professionals in the field of Analyst, Sales, Support, Marketing, Finance and more.

Able Jobs has raised a total of $2.3 Mn funding from Elevation Capital, Y Combinator, Titan Capital, Mynavi, and angel investors like Neeraj Arora – ex CBO of WhatsApp and Founder of Venture Highway, and Farid Ahsan – Co-Founder of ShareChat.

Instawork, which pairs hourly workers to companies that need to fill shifts, announced a $60 million Series D last year in May, to expand its use of AI, and match workers with shifts on its mobile app and platform. The company has raised a total funding of $160 million, and was last valued at $760 million. Instawork is backed by investors like Benchmark, Greylock, Craft Ventures, Spark Capital, Y Combinator and venture capital fund TCV.