GigIndia, a tech startup that empowers businesses to scale effectively by providing on-demand work completion at scale via gig (variable) workforce, announced that it has raised Rs 7.3 crore pre-Series A funding round led by Japan-headquartered Incubate Fund India with participation from Beyond Next Ventures.
Existing angel investors that took part in the funding round include former TCS CEO, S Ramadorai; Kiran Deshpande – former CEO of Tech Mahindra; Ravi Nigam, former MD & Co-founder of Tasty Bite Eatables; and Shashank Deshpande, Co-founder of Clarice Technologies.
Other angel investors like Sakshi Gudwani, Senior Program Officer, Gates Foundation and Dr Pratap and Shantanu Deshpande, CEO of Bombay Shaving Company, also participated in the round.
The startup plans to use this funding in the areas of technology, team, and brand building.
Founded in 2017 by Sahil Sharma and Aditya Shirole, GigIndia is a marketplace that provides on-demand work completion for companies through a gig workforce of jobseekers. The startup leverages technologies like machine learning and artificial intelligence for faster turnaround and quality check. GigIndia is a platform for both freelancing as well as long term jobs.
On the investment into GigIndia, Nao Murakami, Founder & General Partner – Incubate Fund India, said, “Gig work platforms provide massive opportunities for workers, and give flexibility and efficiency for corporates. Hence, it has emerged rapidly across the world. However, in fast-growing and diverse countries like India, quality control of outputs is always an issue. GigIndia is solving this issue by standardising the quality of outputs through highly automated processes enabled by tech.”
“We have 750,000+ screened, trained workforce across 200+ cities in India. With our technology, we are able to train and manage the workforce at scale to drive results for large enterprises. The enterprises only pay for results and not for workforce deployed,” said Sahil Sharma, Co-founder of GigIndia.
GigIndia Co-founder Aditya Shirole said, “While empowering large enterprises to scale effectively, GigIndia also provides meaningful employment opportunities to job seekers across India through gigs (micro jobs).”
GigIndia removes the overhead of recruiting, training and managing the workforce. GigIndia’s technology driven processes ensure businesses get the desired results with high standards of quality. The company has 750,000+ screened, trained workforce across 100+ cities in India.
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