Pune-based tech startup GigIndia has raised Rs 7.3 crore in a pre-Series A funding round led by Japan-based Incubate Fund India, along with Beyond Next Ventures. Other angel investors, including Sakshi Gudwani, Senior Program Officer, Gates Foundation, and Dr. Pratap & Shantanu Deshpande, CEO of Bombay Shaving Company, also participated in the round.
GigIndia is a tech-driven platform that focuses on providing freelance and part-time gig economy jobs. The Pune-based startup had earlier raised funding in two seed round and also witnessed participation from existing angel investors including S Ramadorai, ex TCS CEO, Kiran Deshpande, former Tech Mahindra CEO, Ravi Nigam, ex MD & Co-founder at Tasty Bite Eatables, and Shashank Deshpande, Co-founder at Clarice Technologies.
Sahil Sharma, Co-founder at GigIndia (1), said that they had 750k+ screened & trained workforce across 200+ cities in India. He added, “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.”
Massive flexible work opportunities
Sahil Sharma and Aditya Shirole founded GigIndia in 2017 as a platform that provides companies with an on-demand gig workforce or freelancer jobseekers for work completion. The tech-driven startup uses technologies like machine learning and AI for faster turnaround and quality checks.
Nao Murakami, Founder & General Partner at Incubate Fund India stated that the gig work platforms help provide massive work opportunities and allow both corporates and individuals to work flexibly.
Although a gig economy is rapidly growing globally, diverse countries like India often face issues on quality control of outputs, which is what GigIndia is working to solve.
The startup plans to use the raised capital to build their brand, improve technology, and on their team. The company also plans to tap into a pay-per-result model opportunity where a corporate will be charged only for successful results.