Awign, India’s largest tech-led on-demand work fulfillment platform, successfully raised $15 million in a Series B funding round aimed at enhancing its technological capabilities and expanding its services both domestically and globally.
Information on the Target
Awign Enterprises Pvt Ltd is India’s largest tech-led on-demand work fulfillment platform, established in 2016 by IIT Ropar alumni Annanya Sarthak, Gurpreet Singh, and Praveen Kumar Sah. The company boasts a talent pool of over 1 million gig partners across 500+ cities and a diverse clientele of more than 100 large enterprises, including recognized names like Infosys, Mahindra & Mahindra, Tata Group, and Swiggy. Awign specializes in 'gigifying' core enterprise functions, allowing companies to optimize their operational costs and improve efficiency across various industries such as assessment, media, automotive, and construction.
Since its inception, Awign has exhibited remarkable growth, achieving a tenfold increase in revenue over the last two years and completing over 65 million tasks. The company’s innovative technology framework not only aims to simplify complex work processes but also manages the complete lifecycle of its gig partners, ensuring effective collaboration between businesses and their workforce.
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Industry Overview in India
The gig economy in India has witnessed substantial growth, currently valued at approximately $20 billion and employing nearly 8 million workers. As companies pivot to more flexible work arrangements, the demand
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Bertelsmann India Investments, Amicus Capital Partners, Mynavi Corporation
invested in
Awign
in 2022
in a Series B deal
Disclosed details
Transaction Size: $15M