News: Awign announces a strategic majority stake acquisition from Mynavi

Strategic HR

Awign announces a strategic majority stake acquisition from Mynavi

In collaboration with Mynavi, Awign aims to build a top-tier team of talent, boost brand recognition, and invest in technology to enhance its digital infrastructure and develop superior platforms.
Awign announces a strategic majority stake acquisition from Mynavi

Awign, India-based Work-As-A-Service platform, has announced a strategic majority stake acquisition in an all-cash deal from Mynavi Corporation, one of the leading HR and lifestyle information media companies in Japan.

With this majority stake acquisition, Awign is all set to focus on long-term strategic growth and deeper value creation without getting affected by the fundraising market environment.

The partnership with Mynavi will help Awign build three key areas - Building a power team of best-suited talent, enhancing brand visibility both in India and internationally, and investing in technology to expand its digital infrastructure and build better platforms. This will further fuel Awign’s ambitions in onboarding and serving more global enterprise customers.

Launched in 2016 by IIT alumni Annanya Sarthak, Gurpreet S Khurana, and Praveen Kumar Sah, Awign is recognized as India’s premier work-as-a-service platform.

Annanya Sarthak, Co-Founder & CEO of Awign, said, “This partnership will help Awign to scale its operations and go beyond its core strengths. Our primary focus remains on strengthening our growth engine by onboarding enterprise customers worldwide and launching new categories in the HR space.”

“Our alliance with Awign is not just strategic but also a reflection of our shared commitment to making a significant social impact. The synergy between our visions, empowers us to tackle the challenges in the HR sector more effectively,” said Hidekazu Ito, Managing Director, Mynavi Solutions India, a subsidiary of Mynavi Corporation, commented on the partnership.

The co-founder also emphasised significantly enhance their technological infrastructure. “Our goal is to develop a system where enterprise customers can manage tasks seamlessly across thousands of cities in India through a single interface, without the need to engage directly with personnel. This platform will not only streamline operations but also provide continuous earning opportunities and learning growth for workers, enabling them to handle increasingly complex tasks.”

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Topics: Strategic HR, Business, #MergersAndAcquisitions

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