# Wakrak

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wakrak

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.wakrak.jp
- Total disclosed funding: $0.9M
- Latest round: Series A (Nov 22, 2018)
- Investors on record: 3

## About

Based in Japan, Wakrak inc specializes in the on-demand labor market, offering a mobile application that connects employers with temporary workers, catering to diverse industries such as hospitality and retail.Wakrak inc, founded in 2017 in Tokyo, Japan, focuses on facilitating temporary staffing solutions through its mobile application. The company has successfully completed 3 deals and raised a total of JPY 100.000 mn in its latest funding round, Series A, from investors including ANRI, Bonds Investment Group, and DIMENSION. The founder's background and previous ventures are not disclosed.Wakrak???? operates primarily in the on-demand labor market through its flagship mobile application, "????" (Wakrak). This application allows users to hire temporary workers on a daily basis, facilitating immediate staffing solutions for businesses across various industries, including hospitality, retail, and event management. The app serves a dual purpose by not only matching employers with workers but also providing a safety net for the workforce, ensuring that users can find employment opportunities when needed. The company's client base includes both small and large enterprises that require flexible staffing solutions, as well as approximately 400,000 registered workers who utilize the app to secure jobs. Wakrak's services are primarily available in Japan, targeting urban markets with high demand for temporary labor.Wakrak???? generates revenue primarily through transactional fees associated with the hiring of temporary workers via its mobile application. The business model involves a commission structure where a percentage of the worker's wages is retained by Wakrak for facilitating the connection between employers and workers. This encompasses direct business-to-business (B2B) engagements and direct-to-consumer services, wherein businesses pay to access the app's workforce. While specific pricing details for the services are not disclosed, the revenue model may involve subscription plans for businesses that utilize the app frequently, alongside one-off fees for individual job postings. The combination of these revenue streams supports the company's operational costs and growth strategies.Wakrak inc is strategizing to enhance its market presence by developing new features for its application and expanding its services into additional urban markets within Japan. The recent Series A funding of JPY 100.000 mn will be utilized to support these expansions and product enhancements. Furthermore, with DIMENSION exiting its stake, the company may explore further investment opportunities to foster continued growth.

## Funding rounds

- Series A, Nov 22, 2018, $0.9M — ANRI, Bonds Investment Group, DIMENSION

## Investors

- ANRI (https://capitalatlas.ai/funds/anri) — Series A
- Bonds Investment Group (https://capitalatlas.ai/funds/bonds-investment-group) — Series A
- DIMENSION — Series A