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Arthum raises Rs 10 Cr in seed round led by Caret Capital

EntrackrEntrackr · 10d ago
Arthum raises Rs 10 Cr in seed round led by Caret Capital
Medial

Gurugram-based workforce management startup Arthum has raised Rs 10 crore (around $1.09 million) in a seed funding round led by Caret Capital. The round also saw participation from Keynote Financial Services Limited and JS Global. The proceeds will be used to strengthen its technology stack, expand geographically, and deepen financial product offerings. It is also expanding operations to cities including Dehradun, Chandigarh, Ludhiana, Jaipur, and Ahmedabad, targeting large industrial clusters. Founded in 2023 by Darpan Sharma and Vishal Mishra, Arthum builds an integrated operating system for contract and blue-collar workforce. The platform connects enterprises, labour contractors, and workers on a single digital infrastructure to manage attendance, payroll, contracts, compliance, and payouts. Arthum offers ERP-like tools such as geo-tagged attendance, automated payroll, digital payments, statutory compliance, and contract management. The platform currently automates operations for more than 3 lakh labour contractors and has onboarded over 6 lakh workers, primarily across the Delhi NCR region. Alongside workforce management, Arthum operates an integrated neo-banking layer that uses verified worker data to provide access to banking, insurance, credit, and investment products. The startup has partnered with banks including Yes Bank, ICICI Bank, and IDFC, along with over 15 NBFCs, to offer tailored financial products for contractors and workers.

Related News

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC

EntrackrEntrackr · 8m ago
Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC
Medial

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC Sneaker brand Gully Labs has raised Rs 8.7 crore in a seed funding round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The equity round was led by Zeropearl VC along with participation from Untitled Ventures, Atrium Ventures, and other prominent angel investors including Bounce co-founder & CEO Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Renee Cosmetics founder Ashutosh Valani, Anurag Ramadasan, and Rahul Seth, while Stride Ventures led the debt investment. Prior to this, the company had secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores, Gully Labs said in a press release. Co-founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs crafts handmade sneakers, blending premium materials with culturally rich design stories — from Phulkari-embroidered trainers to Onam-inspired silhouettes. Gully Labs sells its products through its website and in select partner stores across Indian metros. The company plans to build a larger production facility, broaden its product line across diverse sneaker styles, and deepen its reach across India and global markets. It also plans to launch exclusive retail outlets as part of its omni-channel strategy.

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