GigIndia raises Rs 7.3 crore Pre-Series A round from Incubate Fund India, others

Pune based, B2B gigs marketplace GigIndia has raised Rs 7.3 crores in Pre-Series A led by Incubate Fund India with participation from Beyond Next Ventures. Both the funds are from Japan.

Existing Angel investors S Ramadorai (Former CEO of TCS), Kiran Deshpande (Former CEO of Tech Mahindra), Ravi Nigam (Former MD & CoFounder of Tasty Bite Eatables) and Shashank Deshpande (CoFounder of Clarice Technologies) also participated in the round. Angel investors Sakshi Gudwani (Senior Program Officer, Gates Foundation), Pratap and Shantanu Deshpande (CEO of Bombay Shaving Company) joined the round. Lead Advisory was GigIndia’s sole financial advisor in the latest funding round.

Launched in 2017, GigIndia empowers businesses to scale effectively by providing on-demand work completion at scale via gig workforce for use cases like Sales, Marketing, Recruitment, Operations and Product. It removes the overhead of recruiting, training and managing the workforce. The technology driven processes ensure businesses get the desired results with high standards of quality.

“We have more than 750,000 screened, trained workforce across 100 cities in India. We are able to train and manage the workforce to drive results for large enterprises. The enterprises only pay for results and not for workforce deployed, further, the impact of Covid19 has fast tracked the process of thinking about remote ways of operations,” said Sahil Sharma, CoFounder of GigIndia, in a statement.

“Gig work platforms provide opportunities for workers and also 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 standardizing the quality of outputs through highly automated processes enabled by tech,” said Nao Murakami, Founder, Incubate Fund India, in a statement.

GigIndia plans to use the newly raised funds in enhancing their technology platforms , expand its brand presence and build a world class team. As a B2B brand GigIndia is bullish on the quality and speed of service to its customers.

In a statement, Cofounder of GigIndia, Aditya Shirole said, “We will use the current round to invest in our technology platforms, acquire new customers and build a team to join us on this mission.”

GigIndia raises Rs 7.3 crore Pre-Series A round from Incubate Fund India, others GigIndia raises Rs 7.3 crore Pre-Series A round from Incubate Fund India, others Reviewed by TechCO on 7/28/2020 Rating: 5

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