Arthum, a startup that manages contract labour workforces, has raised Rs 10 crore (about $1.09 million) in a seed funding round led by Caret Capital. Keynote Financial Services Limited and JS Global also joined the round.
The company will use the funds to improve its technology, expand into new regions, and add more financial products. Arthum is also expanding its presence in cities such as Dehradun, Chandigarh, Ludhiana, Jaipur, and Ahmedabad, with a focus on key industrial areas.
“Arthum is an operating system that connects every stakeholder in the contract labour ecosystem,” said Darpan Sharma, cofounder and CEO of Arthum. “This investment will help us strengthen our technology stack, expand geographically and unlock deeper financial inclusion through data-led credit and banking innovation.”
“By investing in Arthum, we aim to accelerate the formalisation of India’s 120 million-plus blue-collar workers and enable over 300,000 labour contractors to enter the formal economy,” said Pankaj Bansal, co-founder and managing partner, Caret Capital.
Founded in 2023 by Darpan Sharma and Vishal Mishra, Arthum is a Gurugram-based platform that helps manage contract and blue-collar workers. It connects enterprises, labour contractors, and workers on one digital system to handle attendance, payroll, contracts, compliance, and payments.
The platform provides ERP-like tools including geo-tagged attendance, automated payroll, digital payments, contract management, and statutory compliance to simplify workforce management.
Arthum currently supports over 3 lakh labour contractors and has onboarded more than 6 lakh workers, mainly in the Delhi NCR region.
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