Bengaluru: Blue-collar staffing platform Smartstaff has attracted strategic investment from APAC leader PERSOL Group. PERSOL Group focuses on services, including temporary staffing, career transition services, IT outsourcing, and design and development. The Group is looking at India as a key market, and Smartstaff offers innovation and a full-stack approach to staffing, recruitment, management and retention.
Smartstaff enhances workforce productivity and output by leveraging cutting-edge technology and innovative staffing management techniques. Smartstaff goes beyond staffing solutions by providing hassle-free payroll and compliance services to its clients. The platform offers its workers various benefits, including instant advance salary, loans, leave bonuses, live chat support, an emergency SOS feature, and a dedicated helpline for the specific needs of female workers. This commitment to employee well-being has significantly contributed to their ability to retain workers and reduce attrition by half of the industry standard.
India’s manufacturing industry is experiencing steady growth, with projections indicating an annual growth rate of 8-10% over the next 5-10 years.
Shingo Ishida, Partner and Head of APAC, PERSOL Group, said, “Smartstaff’s focus on building a full stack innovative model, proprietary technology and inroads into the Indian market has led us to back them. The team comes with strong backgrounds in building companies to scale. At PERSOL we are excited to work together with Smartstaff to become a prominent leader in the blue-collar staffing solutions space in India.”
Arpit Dave, Co-founder & CEO, Smartstaff, mentioned, “PERSOL Group has considerable experience in the staffing solutions space, and we are delighted to have their support in offering cutting-edge solutions to the industry in India. We are looking forward to creating a much bigger impact on a nation-wide scale in India.”
Smartstaff, established in February 2021, was founded by Arpit Dave, Viral Chhajer, Gnanesh Chilukuri, and Aravind Reddy. The company has raised a total of $10.5 mn in funding from marquee investors like Nexus Venture Partners, Blume Ventures, Arkam Ventures and Alteria Capital.
About PERSOL Holdings:
Since its founding in 1973, Tempstaff Co., Ltd. (now PERSOL TEMPSTAFF CO., LTD.) group companies have been involved in a wide range of businesses related to people and organizations by placing temporary and permanent staff to outsourcing services and design development. The holding company, formed in October 2008 as Temp Holdings Co., Ltd., changed its name to PERSOL HOLDINGS CO., LTD. in July 2017.
The company is listed on the Tokyo Stock Exchange, Prime Market (stock code 2181) and has recorded sales of 1,223.9 billion yen (fiscal year ended March 2023).
