• Founded by second-time entrepreneurs from India and the UK, IIT Bombay alums and former executives at Urban Company and Cars24, TERN Group brings together deep expertise in building and scaling global businesses.
  • The company has grown 10X in the last year nearing 200Cr in annualised revenues with presence in 13 countries.
  • The funds will be used to expand geographies, further invest in AI, and scaling training & operations.
  • Notion Capital led the funding round, with RTP Global, LocalGlobe, EQ2 Ventures, and Leo Capital, along with existing investors Presight and Tom Stafford, co-founder of DST Global, Former NHS chairman; CEO of AXA Healthcare and several senior policymakers.

Mumbai : For thousands of Indian nurses and care workers, the dream of a global career begins not with a contract, but with a calling. TERN Group, an AI-powered global talent mobility platform, is making that journey possible, and faster, fairer, and more transparent than ever before.

The company today announced it has raised $24 million in Series A funding, led by UK-based Notion Capital, with RTP Global, LocalGlobe, EQ2 Ventures, and Leo Capital, along with existing investors Presight, Tom Stafford (Co-founder, DST Global), former NHS Chairman, and the CEO of AXA Healthcare, and several senior policymakers.. This round brings TERN Group’s total funding to $33 million.

Founded by IIT Bombay alums and second-time entrepreneurs, former senior executives at Urban Company and Cars24, TERN Group has scaled rapidly across India, the UK, Germany, UAE, Saudi Arabia, North Africa. In just the last year, the company has grown 10X, nearing ₹200 crore in annualised revenues, with operations in 13 countries.

“With India’s talent at the heart of our mission, TERN Group is building the workforce infrastructure that makes global healthcare careers seamless, transparent, and trusted,” said Avinav Nigam, Founder & CEO of TERN Group. “This funding allows us to double down on three priorities: expanding into new geographies, investing further in our AI platform, and scale our training and operations to support thousands more professionals every year.”

The newly raised funds will fuel TERN’s global expansion, strengthen its AI-powered Clinical Workforce platform, and scale training infrastructure to prepare more Indian nurses and care workers for international careers.

Already, more than 650,000 professionals from 13 countries are registered on the TERN platform, accessing clear career pathways, upskilling, and direct job opportunities with reputed employers. Each year, TERN Group trains around 1,000-2,000 Indian nurses, and holds a 25%+ market share of the German language training market in India, a critical requirement for placements in Germany. Its AI-led model has shortened hiring timelines by 60%, delivered placement outcomes 4X higher than national average, and maintains a 96% retention rate after joining, all while being the leading zero-fee recruitment platform across six destinations: Germany, the UK, Japan, the USA, Saudi Arabia, and the UAE.

Investors believe this positions TERN uniquely in a sector that demands both scale and compliance. “At RTP Global, we love backing founders who take on big challenges with heart. Avinav and Krishna are just those founders – solving problems they’ve lived and felt. With TERN, they’re reimagining global talent mobility in a way that’s ethical, scalable, and deeply human, turning it into a powerful, tech-driven solution. We can’t wait to see how TERN will continue to change lives across borders, and we’re delighted to back them on this journey,” said Galina Chifina, CEO of RTP Global.

Beyond growth, TERN has built deep partnerships with the Trained Nurses’ Association of India (TNAI), the National Skill Development Corporation (NSDC), and several state governments to ensure training and compliance at scale. Over 100 hospitals and nursing colleges worldwide already work with TERN Group to hire skilled Indian professionals prepared for international standards.

As Nigam added, “Our mission is bigger than filling vacancies. Every successful placement changes the trajectory of a family, strengthens a healthcare system, and moves lives forward. With this raise, we’re building not just a platform, but the backbone of global talent mobility and workforce management – aligned with the honorable PM’s Skill India Mission to make India the world’s leading hub for high quality healthcare talent.”