Workforce management startup Arthum has raised Rs 10 crore, or roughly $1.09 million in a seed funding round headed by Caret Capital. JS Global and Keynote Financial Services Limited also participated in the round.
Key Highlights
- Arthum secures ₹10 crore seed investment led by Caret Capital to grow workforce platform.
- Funding will fuel tech expansion, geographic scale-up, and deeper financial inclusion for blue-collar workers.
The money raised will be utilized to deepen its financial product offerings, grow regionally, and improve its technology stack. Targeting major industrial clusters, it is also extending its operations to locations like Dehradun, Chandigarh, Ludhiana, Jaipur, and Ahmedabad.
Darpan Sharma and Vishal Mishra founded Arthum in 2023 with the goal of developing a blue-collar workforce and an integrated operating system contract. In order to handle attendance, payroll, contracts, compliance, and payouts, the platform links businesses, labor contractors, and employees on a single digital infrastructure.
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Geotagged attendance, automatic payroll, digital payments, contract administration, and statutory compliance are just a few of the ERP-like features that Arthum provides. Currently, the platform has onboarded over 6 lakh workers, mostly from the Delhi NCR region, and automates operations for over 3 lakh labor contractors.
In addition to labor management, Arthum runs an integrated neo-banking layer that enables access to banking, insurance, credit, and investment products using verified worker data.
In order to provide specialized financial products for workers and contractors, the business has worked with more than 15 NBFCs and institutions such as Yes Bank, ICICI Bank, and IDFC.
