GigIndia raised Rs 7.6 crore in pre-Series
A pre-Series A funding round with a further injection of Rs 7.6 crore from two angel investors, Anjali Bansal, founder of Avaana Capital, and Vineet Patni, former president of Bajaj Allianz, closed GigIndia, a Pune-based B2B gig marketplace.
In a statement Wednesday, the company aims to use the funding to develop its technology platform to create a larger group of gig employees, founders Sahil Sharma and Aditya Shirole said. “We plan to rapidly scale up our business with additional funding while continuing to invest in talent and technology,” Sharma said.
The firm was founded by Aditya Shirole and Sahil Sharma in 2017. It deals with crowdfunding, Freelance, Internet Outsourcing, and Economy of Sharing.
GigIndia is a marketplace that through a gig workforce of jobseekers offers on-demand work completion for businesses. For quicker turnaround and quality tests, the start-up leverages technology such as machine learning and artificial intelligence.
GigIndia provides businesses with on-demand jobs for functions such as sales, marketing, and operations through a Gig or variable workforce, thus reducing overhead costs such as hiring, training, and workforce management.
Between March and November this year, the firm claims to have achieved 13 million gig hours, with the last month being the best-ever in terms of productivity gains and sales. Currently, across 200+ cities in India, it has 800.00 gig staff on board.
The business is also experiencing increased acceptance among its clients of remote operations. For the first time, almost 85% of GigIndia’s new customers are using a versatile gig workforce to achieve business goals.