Diligence memo · auto-generated · as of July 2, 2026
Vahan Inc.
Vahan Inc. has raised $22M over 3 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Vahan Inc. operates in HR / Worktech, based in FRANKLIN LAKES, KA, India. AI recruiter for India's massive blue-collar workforce
Sub-sector tags: AI, ai/ml, hr/worktech.
Capital & rounds (filed)filed
Vahan Inc. has raised $22M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $15M on 2024-08-27.
Most recent recorded round closed around 2024-08-27.
Valuation (modeled)modeled
Provath models Vahan Inc. at approximately $70M (range $20M–$146M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 18 months.
Last raise 22 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
The last round stepped up 73.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 94% of HR / Worktech peers (63 compared).
Modeled value ranks above 92% of those peers.
Closest niche peers: Malibou Inc..
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.