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GigIndia raises Rs 7.6 crore in pre-Series A funding round

Saransh Pandey

Intern
  • January 02, 2021
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    The company claims to have completed 13 million gig hours between March and November this year, with the last month being the best-ever in terms of productivity gains and revenue.

GigIndia, a Pune-based B2B gig marketplace, completed a pre-Series A funding round with additional funding of Rs 7.6 crore, raised from two angel investors Anjali Bansal, founder at Avaana Capital, and Vineet Patni, former president of Bajaj Allianz. Founder Sahil Sharma and Aditya Shirole said in a statement that the company is planning to use the funding to enhance its technology platform for building a larger community of gig workers.  

With the additional funding, the company plans to rapidly scale its business while continuing to invest in talent and technology. Launched in June 2017, GigIndia provides on-demand work to companies via gig or variable workforce for functions such as sales, marketing, and operations, thus eliminating overheads cost like recruiting, training, and workforce management.  

The company claims to have completed 13 million gig hours between March and November this year, with the last month being the best-ever in terms of productivity gains and revenue. It currently has 800,00 gig workers on board across 200+ cities in India. 

According to GigIndia, the number of gig workers from Tier-II, III, and IV cities rose from 5.22% of the total workforce in March to 58.11% in September. The number of female gig workers increased by 287% in a six-month period between April and October. The company is also witnessing increased adoption of remote operations among its customers. Nearly 85% of GigIndia’s new customers are utilising a flexible gig workforce for the first time to meet business objectives. 

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