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GigIndia closes Rs 7.6 crore in pre-Series A round

Pune based B2B gig marketplace, GigIndia has raised Rs 7.6 crore in pre-Series A round from an additional influx of new angel investors including Anjali Bansal, Founder – Avaana Capital, and Vineet Patni, former President of Bajaj Allianz.

“The company will use the freshly-raised funds in enhancing technology platform for building a larger community of gig workers to serve contracts signed with the largest enterprises for next year,” GigIndia in its statement said. 

Speaking on the fundraise, Sahil Sharma, Co-Founder & CEO – GigIndia, said, “With the additional funding, we plan to rapidly scale our business in the country while continuing to invest in talent and technology. We welcome both the investment support from Anjali Bansal and Vineet Patni, as well as the time and resources they invest in GigIndia’s business model and capabilities.”

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 “The Gig Economy has played a major role in keeping operations ticking during the COVID-19 outbreak. Representing the next phase of the industry’s exponential growth trajectory, GigIndia is addressing a massive market with its unique service offerings empowering employers and also enabling flexible livelihood options and easy work access to a large section of young workers seeking gainful opportunities. We are thankful to Anjali Bansal and Vineet Patni for believing in us,” Aditya Shirole Co-Founder & COO, GigIndia added.

In July this year, the Company raised pre-Series A funding led by Japan-headquartered Incubate Fund India with participation from Beyond Next Ventures and existing angel investors, including former TCS CEO, S Ramadorai.

India has been successful in empowering enterprises to scale effectively during the pandemic thereby providing meaningful employment avenues to job seekers. The company has seen consistent business growth, even though the pandemic, and we are sure this trend will improve with time. We are excited to have Anjali and Vineet join us as investors in the company. Their vast experience and knowledge will help GigIndia grow manifold in the future.” said Nao Murakami, Founder & General Partner – Incubate Fund India.

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