Gruhas, the investment firm co-founded by Nikhil Kamath and Abhijeet Pai, has announced a strategic investment in Weavings Manpower Solutions, a leading provider of staffing and workforce solutions in India. This investment marks a significant milestone in Gruhas’ mission to support and scale innovative businesses across the country.
Founded in 2011, Weavings Manpower Solutions has rapidly emerged as a key player in the blue-collar staffing industry in India. Over the past 12 years, the company has enriched the lives of more than 2 lakh associates across 100+ cities and 22 states, building a robust ecosystem for blue-collar workers with a focus on fair employment and social security benefits.
With this capital infusion, Weavings plans to pursue a 4x growth trajectory over the next five years. The investment will be directed towards enhancing Weavings’ technology platform, expanding its geographical presence, and introducing specialized staffing solutions across various industry sectors. These efforts will strengthen the company’s financial foundation and bolster its operational capabilities.
Weavings Manpower Solutions is dedicated to managing the entire talent lifecycle for frontline workers, offering a responsive and agile approach to meet fluctuating workforce demands. As India’s economy strives to reach the $7 trillion mark, driven by sectors like e-commerce, BFSI, retail, and logistics, Weavings is well-positioned to provide high-quality, organized, end-to-end staffing solutions to these growing industries. Leveraging its proprietary digital platform, Weavings ensures predictability and transparency in workforce management, enhancing speed and compliance.
Ashish Talwar, Managing Director at Weavings, stated, “This investment will support Weavings in expanding its avenues into newer sectors as well as building long-term collaborations and establishing strategic partnerships. Furthermore, we aim to leverage Gruhas’ valuable experience, expertise, and industry connections to drive innovation, scale our operations, and achieve our strategic goals, which will solidify our position as the fastest-growing staffing company in the country.”
Abhijeet Pai from Gruhas emphasized the importance of blue-collar workers to India’s economic growth, saying, “India’s economic engine runs on the sweat of its blue-collar workforce. Weavings is uniquely positioned to address this critical need by leveraging technology to bridge the gap between the blue-collar workforce and booming sectors like manufacturing, warehouse management, and logistics. Their tech-driven solutions not only address compliance but also empower these workers, improving their employability and career prospects. This, in turn, fuels India’s growth and creates a win-win situation for both businesses and the workforce.”
Krishna Shete, Shareholders Representative at Planet Group, added, “India’s vast talent pool has the potential to drive substantial economic growth across various sectors. At Weavings, our mission is to harness this potential and contribute to the nation’s economic progress. Our partnership with Gruhas is not just about capital infusion; it brings a wealth of fresh perspectives and innovative thinking. This collaboration empowers us to connect with the right companies and professionals, fostering a dynamic ecosystem. We are excited about the possibilities this partnership holds and are committed to a strong, long-term relationship with Gruhas.”