GigIndia Raises Rs 7.6 Crore In Funding To Expand Community Of Gig Workers

• Online B2B freelance marketplace GigIndia has raised Rs 7.6 crore from two angel investors --- Anjali Bansal and Vineet Patni.
• The startup will use the funding to improve its technology for building a larger community of GigIndia workers.
• In July 2020, GigIndia had raised Rs 7.3 crore from various investors.

Pune-based B2B freelance marketplace GigIndia, On December 30, announced that it has raised Rs 7.6 crore (or about $1 million) in a pre-Series A funding round led by two angel investors --- Anjali Bansal (Founder at Avaana Capital) and Vineet Patni (former President of Bajaj Allianz).

The startup will use the funding to improve its technology for building a larger community of GigIndia workers. It will also invest in hiring talent and technology. "With the additional funding, we plan to rapidly scale our business while continuing to invest in talent and technology," the startup said in a statement.

This is the second funding round of GigIndia in 2020. Earlier in July, It had raised Rs 7.3 crore from various angel investors, including Subramaniam Ramadorai, Shashank Deshpande, Shantanu Deshpande, Ravi Nigam, among others.

To date, GigIndia has raised over Rs 16 crore in funding, according to the Traxcn report.

Founded in 2017 by Sahil Sharma and Aditya Shirole, GigIndia is an online B2B freelance marketplace that provides on-demand work completion for companies via a gig workforce such as sales, marketing, training, freelancers, and workforce management.

The startup claims to have a 7,50,000+ gig workforce across 200+ cities in India. It leverages technologies like machine learning (ML) and artificial intelligence (AI) for faster turnaround and quality checks.

"GigIndia has completed 13 million gigs from March to November on the platform across 200-plus cities. The company also doubled its own team during the last eight months," said Aditya Shirole, Co-founder of GigIndia.

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GigIndia has seen immense growth in gig workers from Tier-2, 3, and Tier-4 cities from 5.22% in March to 58.11% in September this year, said the startup. Meanwhile, It also witnessed an increase in female gig workers by 287% from the period between April and October.

The startup also increase the adoption of remote operations among its customers. According to the startup, About 85% of GigIndia's customers utilizing a flexible gig workforce for the first time to meet business goals.

GigIndia claims to have partnered with global companies such as Xiaomi, KrazyBee, Amazon, Swiggy, Dailyhunt, BookMyShow, etc. It competes with Clickworker, cWork, among others.

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