TERN Group Raises $24M to Scale Healthcare Workforce Platform

Funding to expand training and AI infrastructure for Indian nurses and care workers.

TERN Group, an AI-powered global talent mobility platform, has raised $24 million in Series A funding, led by Notion Capital, a UK-based investor.

RTP Global, LocalGlobe, EQ2 Ventures, and Leo Capital also participated, along with existing investors Presight, Tom Stafford (co-founder of DST Global), the former Chairman of the NHS, the CEO of AXA Healthcare, and senior policymakers. The round brings the company’s total funding to $33 million.

Founded by IIT Bombay alumni and former executives of Urban Company and Cars24, TERN has expanded operations across India, the UK, Germany, the UAE, Saudi Arabia, and North Africa.

Over the past year, it reported tenfold growth, 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.”

Scaling workforce training and placements

The company said the funds will be used to strengthen its AI-powered Clinical Workforce platform, expand internationally, and scale training for Indian nurses and care workers.

More than 650,000 professionals from 13 countries are registered on the platform, which provides career pathways, upskilling, and direct placements with global healthcare employers. Each year, TERN trains 1,000–2,000 Indian nurses and holds over 25% share of the German language training market in India, a key requirement for placements in Germany.

According to TERN, its AI-led model has cut hiring timelines by 60%, delivered placement outcomes four times higher than the national average, and achieved a 96% retention rate after joining. It runs as a zero-fee recruitment platform across Germany, the UK, Japan, the USA, Saudi Arabia, and the UAE.

Galina Chifina, CEO of RTP Global, said, “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.”

Building partnerships for compliance

TERN has partnered with the Trained Nurses’ Association of India (TNAI), the National Skill Development Corporation (NSDC), and state governments to strengthen compliance and training. Over 100 hospitals and nursing colleges worldwide currently work with TERN to onboard Indian healthcare professionals.

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 honourable PM’s Skill India Mission to make India the world’s leading hub for high-quality healthcare talent.”

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