Instawork Welcomes YC-backed Able Jobs in Strategic Acquisition
In a strategic move that is set to benefit both employers and job seekers alike, Instawork, a leading provider of flexible staffing solutions, has announced its acquisition of the job-tech platform, Able Jobs. This acquisition not only marks Instawork’s initial foray into the Indian market but also signifies a substantial step towards enhancing their product suite and expanding their global footprint.
About Able Jobs
Able Jobs was founded in 2019 by entrepreneurs Ravish Agarwal and Siddharth Srivastava. The platform emerged as a revolutionary job-tech solution, primarily aimed at empowering young professionals with the necessary skills and knowledge to secure employment in various sectors. Operating out of Bengaluru, Able Jobs quickly garnered attention for its innovative approach to job readiness and has placed over 35,000 professionals in pivotal roles across areas such as Analyst, Sales, Support, Marketing, and Finance.
Strategic Integration
Following the acquisition, Ravish Agarwal will transition into an advisory role at Instawork, whereas Siddharth Srivastava will integrate into the Instawork team as a product leader. This merger sets an exciting precedent for Able Jobs, with Agarwal expressing enthusiasm about contributing to Instawork’s mission of building a world-class platform that offers substantial benefits to workers and employers on a global scale.
Instawork’s strategy behind acquiring Able Jobs lies in leveraging the latter’s product innovations to not only enhance Instawork’s existing capabilities but also to explore new market segments. This collaboration is also poised to spearhead the development of new products from India aimed at international markets, combining the regional insights of Able Jobs with the global reach of Instawork.
Instawork’s Rise to Prominence
Founded in 2016 by Sumir Meghani, Instawork has swiftly climbed the ranks to become a prominent figure in the flexible work industry. With a focus on providing gig opportunities across hospitality, warehousing, retail, and event sectors, Instawork has tapped into the burgeoning demand for flexible staffing solutions across the United States. To date, the company has successfully raised $160 million from notable investors, including Benchmark, Spark Capital, and Y Combinator, showcasing its potential and the confidence of its backers.
Commitment to Growth and Innovation
The acquisition of Able Jobs by Instawork marks a significant milestone in the latter’s mission to revolutionize the gig economy and flexible staffing landscape. With the combined expertise of Able Jobs’ innovative job-tech solutions and Instawork’s expansive industry presence, the partnership is set to create new opportunities for job seekers and employers alike. As the companies merge their strengths and visions, the global workforce can anticipate more accessible and effective employment solutions rolled out in the near future.
By building products from India for the global market, Instawork is not only emphasizing its commitment to innovation but is also placing trust in the talent and capabilities of the Indian workforce. This cross-continental synergy is anticipated to set new benchmarks in the gig and flexible employment sector, contributing positively to economies and communities worldwide.
The journey ahead for Instawork and Able Jobs promises to be an exciting one, with the potential to redefine work opportunities and employment practices for millions around the globe.
