About Work Capital
Work Capital is a venture capital firm founded in 2019. It is primarily based out of Gurugram, India. As of Apr 2022, Work Capital has invested in 7 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from EdTech to Enterprise Applications and Consumer. Most recently it participated in the $***** Seed round of Board Infinity Overall, Work Capital portfolio has seen 2 acquisitions, namely Awign and Leadup Universe. A lot of funds co-invest with Work Capital, with names like Eagle10 Ventures sharing a substantial percentage of its portfolio. Work Capital has team of 6 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
Work Capital's List of Top Investments
Work Capital has a portfolio of 7 companies. Their most notable investments are in Board Infinity and OneBanc.Their portfolio spans across India and United States. They have invested in EdTech, Enterprise Applications, Consumer and 4 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Work Capital:
1. Awign
Provider of workforce management services for business operations and execution. This entity facilitates the deployment of personnel to perform tasks such as data annotation, auditing, sales promotion, and educational support. The business model involves configuring operational requirements and allocating tasks to a distributed workforce to ensure the completion of business functions. Services include the management of digital and physical tasks, ranging from robotics data labeling to field-based retail activities and professional tutoring. The organization provides infrastructure for task fulfillment, quality monitoring, and payment processing to support the execution of core business processes.
Key facts about Awign
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $27.5M
- Employee Count: 3,076 as on May 31, 2026
- Investors: BlackSoil, Innoven Capital and 55 Others
- Latest Funding Round: Series B, Apr 02, 2024, $*****
- Highlight: Acquired
2. Sunstone
Provider of industry-integrated higher education programs with placement assistance for students. The program includes dedicated placement assistance, portfolio building, and a robust network of 1200 plus recruiters to support successful employment. Students also receive soft-skills training, access to merit-based scholarships, and flexible fee payment options to make higher education more accessible.
Key facts about Sunstone
- Founded Year: 2015
- Location: Gurugram (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $85.8M
- Employee Count: 575 as on May 31, 2025
- Investors: WestBridge Capital, Prime Venture Partners and 50 Others
- Latest Funding Round: Series D, Jul 08, 2026, $*****
- Highlight: Editors' Pick
3. Vahak
Online marketplace for connecting shippers and transport service providers. The platform facilitates connections between users for load booking and transport services. It offers features such as verified profiles and a payment gateway. It streamlines the process of finding suitable transport options. It helps users to obtain market rates, make bids, and book trucks, trailers, and containers for road haulage services.
Key facts about Vahak
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: $0 - $1M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $25.9M
- Employee Count: 55 as on Jul 31, 2025
- Investors: Nexus Venture Partners, Luxor Capital Group and 44 Others
- Latest Funding Round: Series A, Jun 16, 2022, $*****
- Highlight: Editors' Pick
Provider of online booking services for residential student housing units. This platform enables individuals to search for and secure living spaces near academic institutions. The service facilitates the reservation process for various types of student accommodations. Users can manage bookings and access support resources through the digital interface.
Key facts about House of Student
- Founded Year: 2009
- Location: Miami (United States)
- Stage: Seed
- Total Funding till date: $11M
- Employee Count: 33 as on Aug 31, 2026
- Investors: Lumis Partners, Lightspeed Venture Partners and 6 Others
- Latest Funding Round: Seed, Jul 28, 2026, $*****
It offers data science, career coaching, and digital marketing training. The company provides learning paths designed for career transitions, including a learning management system and one-on-one coaching with industry experts. It also features an AI-powered career coach to guide learners through their career journeys. Testimonials highlight positive experiences with the courses and placement assistance, indicating successful job placements for many graduates. The curriculum includes live classes, projects, and hackathons to enhance practical skills.
Key facts about Board Infinity
- Founded Year: 2017
- Location: Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.55M
- Employee Count: 200 - 499 as on Mar 01, 2026
- Investors: Lumis Partners, LetsVenture and 112 Others
- Latest Funding Round: Seed, Nov 09, 2024, $*****
- Highlight: Editors' Pick
Work Capital's Year-on-Year Investment Trends
Its most recent first time investment was in Sunstone and most recent follow-on round was in Board Infinity.Work Capital's Investments by Stage
Work Capital has made 2 investments in Seed stage with an average round size of $246K, 1 investment in Series A stage with an average round size of $4M and 1 investment in Series B stage with an average round size of $28M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Work Capital's Investments by Sector
Work Capital has a diverse portfolio, with companies operating in the EdTech, Enterprise Applications, Consumer, FinTech and Gig Economy. Notably, it has invested in 7 Tech companies, 6 Consumer (B2C) companies, 4 Enterprise (B2B) companies and at least 2 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
EdTech | 2 |
Enterprise Applications | 2 |
Consumer | 1 |
FinTech | 1 |
Gig Economy | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Work Capital's Investments by Geography
Work Capital has made most investments in India (4).Work Capital's recent investments
Work Capital has not made any investment in 2026 so far.Here are the most recent investments by Work Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 11, 2022 | India | Seed | 9711 | [+49] | |
Aug 23, 2021 | India | Series B | 8826 | [+5] | |
Aug 02, 2021 | India | Seed | 8870 | [+3] | |
May 08, 2021 | India | Seed | 9559 | [+1] | |
Jan 04, 2021 | India | Seed | 3821 | [+33] |
Acquired companies in Work Capital's Portfolio
2 companies from Work Capital's portfolio have been acquired. The most recent acquisition was Awign in Apr 2024 by Mynavi for $*****.Here are Work Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 26, 2024 | Dec 12, 2019 | Series A | 3990 | |
Oct 10, 2022 | - | - | 9586 |
Team profile of Work Capital
Work Capital has a team of 6 members including 6 Partners located in India and Australia. Work Capital's team sits on the board of 1 company.Here is a list of all team members in Work Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Delhi | Knowlarity, Edureka and 1 more | ||
Partner | Gurugram | - | ||
Partner | Delhi | - | - | |
Partner | Gurugram | - | - | |
Partner | Australia | - | - | |
Partner | India | - |
Co-investors of Work Capital
Over the past 7 years, 228 investors have co-invested in Work Capital's portfolio companies. This includes funds and angels.
- Invested before Work Capital: LetsVenture, Sidharth Rozario and 122 others have invested in rounds before Work Capital. There are 2 companies where LetsVenture has invested before Work Capital and 1 company where Sidharth Rozario has invested before Work Capital.
- Top Co-investors of Work Capital: 22 investors entered a company along with Work Capital. These include investors like Eagle10 Ventures (1 company).
- Invested after Work Capital: A total of 82 investors have invested in Work Capital's portfolio after their investments. Top Investors include Bertelsmann India Investments (1 company), Amicus Capital Partners (1 company) and Mynavi (1 company).
Recent News related to Work Capital
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Edtech startup Sunstone raises $35 Million in Series C fundingPeople Matters•Aug 19, 2022•Sunstone, WestBridge Capital, Alteria Capital, Saama and 1 other
