🎯 Acquisition project | Workindia
🎯

Acquisition project | Workindia

Product

image

WorkIndia, a two-sided job marketplace, connects job seekers and employers in the blue and grey collar sectors, and has grown to an ARR of over 10M USD. The platform caters to individuals with limited academic qualifications seeking jobs in fields like delivery driving, tele-calling, and cooking, offering potential earnings from 10-50k INR. WorkIndia provides various job types, including full-time, part-time, and work-from-home positions.

Employers, primarily small and medium-sized businesses (SMBs), subscribe to premium plans costing between 5,000 to 10,000 INR annually to post job vacancies on the WorkIndia website and Android app. Job seekers use the WorkIndia app to apply for these positions, leveraging the skills and qualifications detailed in their profiles. WorkIndia’s relevance algorithm curates valuable job recommendations for candidates based on criteria such as skills, qualifications, salary expectations, location, and time to hire.


DAU - 500k & MAU - 3 Million


How Workindia makes money

  1. Subscription-Based Model: WorkIndia offers large corporations & SMBs access to a pool of relevant & qualified candidates through a subscription-based model, generating recurring revenue for the company.
  2. Advertising: WorkIndia also generates revenue by offering targeted advertising on its platform, relevant to both job seekers and employers.


For candidate the Job Search app is totally free.

Reviews on App Store

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Sample of reviews - both positive and negative.

Workindia is a amazing app for finding Jobs as you can directly can connect to the HR. There are filters to choose from which help to narrow your search which is a great feature in the app. I would highly recommend this app for those who looking for a job whether he is a fresher or Experienced.

I give it just 1 star because selection of location is difficult Everytime we need to change the location Also not only select a City but also area where you wanted job City change is not enough you need to change area also again and again


Review Summary

  1. Positive - Relevant jobs, no fee charged, directly call to HR
  2. Negative - no jobs found in my location, profile update issue

Ideal Customer Profile

Use cases for Workindia Job Search App-

  1. Experienced restaurant chef looking for a better paying job in nearby locality
  2. 10th or 12th pass fresher looking for part-time/WFH jobs to support their education and family
  3. Fresh college accounts graduate looking for their first job in Account related field
  4. Graduate people in tier 2,3 cities looking for job in nearby metro cities
  5. House cook looking for more part time opportunity
  6. Warehouse worker with bike driving skill looking to get employment in newly emerged e-commerce delivery sector jobs


Characteristics

Potential ICP 1

Potential ICP 2

Potential ICP 3

Potential ICP 4

Name

Young Guns

Experience Professionals

College Student

Rural Hustler

Age

21-26

26-40

16-21

21-26

Gender

All

All

All

All

Income

No income, <20k

15-40k

No income

10-15k

Relationship Status

Single/Married

Married, Separated

Single

Single/Married

Qualification

12th, Graduates

10th, 12th, Graduates

10th, 12th

12th, Graduate

Employment Status/ Work Experience

Fresher/Freshly Employed

Already in their 2nd job,

Mature experience in one job

category

Fresher

Fresher/Freshly Employed

City

Tier 1

Tier 1

Tier 1

Tier 2,3

Tech Savvy (adoption)

Yes

Moderate

Yes

Yes

Frequently Used Social Media Apps

Facebook, Youtube,

Instagram, Whatsapp

Facebook, youtube, whatsapp

Instagram, Youtube, Whatsapp,

Facebook,

Facebook, Youtube,

Instagram, Whatsapp

Entertainment Services Used

Youtube, Jio Cinema

Youtube

Youtube, Jio Cinema

Youtube, Jio Cinema

Main Priorities In Life

To get employed in

good paying job

To increase their earning

potential through a stable job,

Get some part time opportunity

to earn more

Get part time working opportunity

Get job in nearby cities to

increase their earning

Preferred Job Type

Full time,

Part time,

WFH jobs

Full time,

Part time

Part time, WFH jobs

Full time jobs

Why Choose Workindia over other

online Jobsearch Applications?

(Influencer)

Direct Contact with recruiter,

High Relevant Job Recommendation

Multiple opportunity,

Easy access,

100% free without fraud

High Relevant Job Recommendation,

High Paying Jobs through reputed

employer,

Direct Contact with recruiter,

100% free without fraud

Direct Contact with recruiter hiring for

part time and work from home jobs,

100% free without fraud

Direct contact with recruiter in nearby metros,

High paying job opportunity,

100% free without fraud

Frequency

Every 7-10 months

12-14 months

3 months

Every 7-10 months

Pain Points

Fraud by charging fees for job placements,

Low Salary,

Fraud,

Don't know which job category is suitable

Low salary,

No growth,

Want to transition in some new role,

Not getting enough opportunity

through offline contacts

Fraud by charging fees for job placements,

No experience,

Low paid jobs,

Not enough knowledge and reach regarding

job market

Fraud by charging fees for job placements,

No jobs in their current city,

No info regarding jobs available

in nearby town,

No reach to get these jobs,

Have to pay money to placement agency

Current Solution

Through Contacts,

Placement Agency,

Online Job Portal

Through Contacts,

Placement Agency

Online job portal, friend and family connects

Placement Agency

Shift Needed to apply through WI

No shift needed

Need to create awareness of

new opportunity

No shift needed

They need to know that they can apply jobs

in nearby cities using Workindia


TAM, SAM, SOM Calculations

  • Total Population - 1.4 Billion
  • Workable Population (Age: 15-59) - 847 Million
    • Male - 443.5 M; Female - 411.5 M


*Numbers are in million

Tier wise working population

TAM

Male

Female

Total

Tier 1

30

11

42

Tier 2

20

8

28

Rest of India

273

124

397

Total

324

143

467

Sector Wise cut

Distribution of Workforce

Tier 1

Tier 2

ROI

Blue Collar

30%

40%

60%

Grey Collar

30%

35%

25%

White Collar

40%

25%

15%

Effective TAM split by Tier & Sector.

TAM Tier Wise

Male

Female

Total

Tier 1




Blue Collar

9

3

13

Grey Collar

9

3

13

White Collar

12

5

17

Total

30

11

42

Tier 2




Blue Collar

8

3

11

Grey Collar

7

3

10

White Collar

5

2

7

Total

20

8

28

ROI




Blue Collar

164

75

238

Grey Collar

68

31

99

White Collar

41

19

60

Total

273

124

397

SAM %

Blue Collar

80%

Grey Collar

70%

White Collar

90%

SAM: This is the segment of the TAM targeted by your products and services which is within your geographical reach

SAM Tier Wise

Male

Female

Total

Tier 1




Blue Collar

7

3

10

Grey Collar

6

2

9

White Collar

11

4

15

Total

25

9

34

Tier 2




Blue Collar

6

2

9

Grey Collar

5

2

7

White Collar

5

2

6

Total

16

6

22

ROI




Blue Collar

131

60

191

Grey Collar

48

22

70

White Collar

37

17

54

Total

216

98

314

Grand Total

256

113

370

SOM %


Blue Collar

10%

Grey Collar

25%

White Collar

20%

SOM: This is the portion of SAM that you can realistically capture, considering competition and other constraints.


SOM Tier Wise

Male

Female

Total

Tier 1




Blue Collar

1

0

1

Grey Collar

2

1

2

White Collar

2

1

3

Total

4

2

6

Tier 2




Blue Collar

1

0

1

Grey Collar

1

0

2

White Collar

1

0

1

Total

3

1

4

ROI




Blue Collar

13

6

19

Grey Collar

12

5

17

White Collar

7

3

11

Total

32

15

47

Grand Total

40

18

57 Million SOM

Workindia has ~57 Million SOM across India.

Growth Objective

Workindia aims to double its DAU user base from 500k to 1000k, primarily focusing on ICP 1 and ICP 4. This growth will build the supply for onboarding employers across various job categories and successfully fulfils their hiring needs.

Acquisition Channels

Current Scenario: Workindia spends approximately 62 lakhs monthly, resulting in around 10 lakhs monthly downloads, with 46% new users and 56% returning users.

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Top 2 acquisition levers -

  1. Organic - 334k
    1. Playstore - 260k
    2. SEO through workindia website - 74k
  2. Paid
    1. Google - 245k (Spend - 29 lakhs/month)
    2. Meta - 140k (Spend - 20 lakhs/month)

Organic Channel

ASO Strategy for Workindia

Significant portion (26%) of monthly downloads come through the app store. ASO will enhance ranking for relevant keyword searches by ICP, which can be categorized into:


image.png


Apart from this, following metrics needs to be optimized -

  1. App Store Ratings
  2. App Store Reviews
  3. App Store Presentation


This will further boost the ranking in related category apps and trending section.


Experiment 1 - Including 'work from home' and 'part time jobs' keywords in app store creatives will boost rankings for these searches. Workindia already trends at the top for WFH jobs and can leverage this for part-time jobs as well.


Screenshot_2024-06-08-15-30-30-13_b5a5c5cb02ca09c784c5d88160e2ec24.jpg Screenshot_2024-06-08-15-30-09-55_b5a5c5cb02ca09c784c5d88160e2ec24.jpg


Experiment 2 - Adding testimonial content on the app store creatives to increase the trust highlighting aspect like - "No consultation charges", "100% free consultation".

image.png

SEO on Workindia website

Workindia gets 74k monthly downloads through search traffic on website. They can really improve their SEO strategy to get ranked top for relevant keywords. Search keywords can be classified as:

image.png


Keywords like "Work from home jobs", "Part time jobs" are captured at top rank by Naukri, Olx.


Experiment 1 - Create category wise curated list of jobs with category name mentioned in the URL to rank better. "Work from home" and "government jobs" url link will help Workindia rank. better for these top keywords and capture search traffic.

image.png

Experiment 2 - Create backlinks to be used in related websites Quora pages for jobs or Resume builder websites. This will help us capture related keywords traffic from search as well.

Paid Advertisements - Google & Meta

Google - Currently Workindia is getting ~245k monthly downloads after spending 29 lakhs, with CAC around ~12 INR per download. Split of downloads:

image.png

  • What's working well -
    • Campaigns can be targeted at city wise level - 80% traffic currently coming from top 10 cities
    • Can be optimised on core actions of user like - calling HR, applying for job after download
  • Challenges -
    • Scaling campaign takes time, as the algorithm takes time build learnings
    • Organic traffic cannibalisation occur sometimes


Meta (Facebook & Instagram) - Currenlty at 140k downloads after spending 20 lakhs per month, with CAC ~14.3 INR per download.


  • What's working well -
    • Reels or short form trending content is working well
    • Scaling campaign is easy
  • Challenges -
    • Campaign targeting at city level is not working well, only 50% of the spend is going on top 10 cities (target is 80%). Also difficult to optimise on any core candidate actions
    • During shopping festival like Flipkart's BBD, CAC shoots up, which is a risk.


Experiment 1 - Creating testimonial ads in short form content to boost trust with focus on messaging - "No consultation fee/ 100% free", "Directly Contact HR", which will solve for trust issues on the app.


Experiment 2 - Targeting Tier 2/3/4 candidates, through messaging like - " High paying job available in nearby cities", "Get a job in nearby city within a week"


Experiment 3 - Based on the learning, most of the time candidates don't know which job to apply. Creating awareness content in the ad - "If you can speak english, earn 30k by applying on the job"


Metrics to track across different channel

  1. Visitors to Download - Across Different channels
  2. CAC; CAC by LYTV
  3. Download to Activation across different channel
  4. Activation to core action (applying on jobs) across different channel


Addressing the pain points of ICP segments 'Young Guns' and 'Rural Hustlers'—such as trust and awareness issues, and educating them on various sectors and high-income opportunities—will allow WorkIndia to significantly optimise its acquisition strategy across different channels.

































































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