Early-stage venture fund Unitus Ventures is scouting to invest more in job-tech firms and at least for the next five years, they will continue to invest more in this vertical. India’s jobs crisis and aspiration to shift from informal to formal work is creating a big opportunity for new entrepreneurs and making it a key investment theme, Surya Mantha, senior partner at Unitus Ventures said in an interview.
Mantha, whose VC fund has a sizable portfolio of investments in job-tech startups, said that increasing gig culture, tech and automation in HR operations, and availability of technology infrastructure are helping the vertical flourish. He also said the job-tech firms will not see consolidation in the short to medium term, and more players will join in.
