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Home Gadgets Tech-led jobs platform Awign raises funds from Michael and Susan Dell Foundation...

Tech-led jobs platform Awign raises funds from Michael and Susan Dell Foundation and others


Tech-led jobs platform Awign mentioned it has raised funds from current buyers Michael and Susan Dell Basis, Unitus Ventures and Eagle10 Ventures that shall be used to finance its enlargement to extra cities and introduce new companies.

The corporate nonetheless didn’t say how a lot cash was raised within the newest pre-series B funding spherical. Until now, it has raised about USD 4.9 million, together with the newest spherical.

Arrange by Annanya Sarthak, Gurpreet Singh and Praveen Sah in 2016, Awign has labored with over 1.5 lakh individuals, and grown 25x within the final 2 years. At the moment, it manages a various fleet of educated gig workforce throughout greater than 7,000 pin codes in India.

Gig employees are impartial and short-term employees. They enter into formal agreements with on-demand firms to supply companies to the corporate’s shoppers.

“Within the new regular, robust on-ground final mile assignments and supply-chain help emerged because the spine of many companies. Because the nation adapts to the stableness of a less-contact world, we see large-scale demand for typical – final mile supply, retail/restaurant audits and so forth and new gigs – on-line video content material monitoring, on-line examination proctoring and so forth,” Awign co-founder and CEO Annanya Sarthak mentioned.

This has confirmed the outlook Awign had about quickly deploying demand-based gig jobs throughout the nation, he added.

“We need to emerge as the most important platform on the planet for the gig workforce…The funds shall be utilised to extend Awign’s presence in additional than 15,000 pin codes, execute 10 million duties in 2 years, and introduce new merchandise to adapt and swimsuit quickly evolving enterprise wants,” he mentioned.

Demonstrating the impression Awign has created for the gig workforce, the common revenue of supply-chain companions has doubled up to now one yr – from pre-pandemic ranges, he famous.

Will Poole, Co-Founder and Managing Companion at Unitus Ventures mentioned Awign has proven constant evolution of its companies’ efficacy, has strengthened its gig provide facet and is quickly constructing belief on the demand facet.

“Their revenues dropped by 96 per cent throughout lockdown. By managing prices and addressing new buyer necessities, they recovered to pre-COVID ranges already. This proved their mettle as a gig financial system chief and has reaffirmed our confidence within the enterprise, he mentioned.

Awign’s gig candidates are educated and engaged to finish these duties on the platform. Companies are billed for outcomes, and never work hours – which works out extra economical for them. Awign’s companies are utilised by firms throughout sectors like edutech, content material advertising platforms, hospitality, e-commerce, mobility, IT, BFSI, fintech and others.

Its clients embrace names like Swiggy, ITC, Huge Basket, Britannia and Aditya Birla Capital.

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