Staffing platform Gigforce has announced that it has secured $3 million in Endiya Partners led pre-Series A round. The round also saw participation from Unitus Ventures, among others.
Speaking on the announcement, Chirag Mittal, Co-founder and CEO, Gigforce, commented, “The market is underserved today because of the lack of suitable technology to manage scale. India’s top five staffing companies together just about manage a workforce of one million. This is set to change with strong tailwinds, including the proliferation of inexpensive smartphones, ubiquitous Internet access for blue and grey collar workers, maturing technology platforms, simplification of labour codes, and the huge growth trajectory India will witness in the next 10 years.”
“Gigforce, well beyond the product-market fit, is clearly emerging as a category leader in tech-driven staffing for gig workers. With a potential to service up to 90 million jobs in India and contribute an incremental 1.25 percent to India’s GDP over eight to 10 years, there exists a huge opportunity waiting to be tapped,” added Abhishek Srivastava, Director at Endiya Partners.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.