Vahan.ai Expands Beyond Jobs to Financial Security for Gig Workers
Vahan.ai Expands into Financial Services for Gig Workers
The gig economy has unlocked income opportunities for millions. But income alone doesn’t create stability. Vahan.ai is looking to address that next layer.
In a recent interview with Fortune India, founder and CEO Madhav Krishna shared that the AI-powered recruitment platform plans to launch micro-insurance and small-ticket lending products designed specifically for gig and blue-collar workers. The move signals a broader ambition: not just connecting workers to jobs, but helping them build financial resilience over time.
“Our goal is not only to help provide jobs to the gig workers, but also help them lead a good life over a period of time,” Krishna said. The company expects to roll out these financial products within the next three to six months.
Addressing a Structural Gap
Krishna pointed to a stark reality. On average, gig workers face six financial emergencies, often related to health issues or accidents, per year. Without insurance coverage or savings buffers, many are forced to borrow from informal lenders at high interest rates.
Micro-insurance with low premiums and accessible, lower-interest loans represent a targeted response to that vulnerability. For Vahan.ai, the expansion also opens a new revenue stream. For workers, it may offer something more durable: protection against volatility.
Beyond Placement: A Pathway Forward
The company is also investing in upskilling initiatives aimed at helping workers transition beyond gig roles. As Krishna noted, few workers see gig employment as a lifelong path. For many, it is a stepping stone.
By building training and skill development tools alongside financial services, Vahan.ai is positioning itself as more than a recruitment marketplace. The goal is to help workers move into more stable or higher-paying opportunities over time.
Scaling the Platform
Originally focused on gig recruitment, Vahan.ai has expanded into sectors including manufacturing, textiles, electronics, logistics, and delivery. The platform has onboarded 3,000 recruiters and plans to scale that number to 250,000 over the next three to four years.
Notably, Krishna indicated there are no immediate plans to raise additional funding. The focus remains on product expansion and execution.
As the informal economy continues to grow, the next frontier may not be job matching alone but also the financial infrastructure that supports it. Vahan.ai’s latest move suggests a broader thesis: employment platforms can evolve into stability platforms.
Read more from Fortune India