News: MyMobiForce raises $1.42 Mn Pre-Series A round led by Bharat Inclusion Seed Fund

Funding & Investment

MyMobiForce raises $1.42 Mn Pre-Series A round led by Bharat Inclusion Seed Fund

The company was set up in 2018 by Dheeraj Khatter, Himanshu Kumar, and Kshitiz Saini. The company is working on a mission to transform the way technical field services are delivered globally.
MyMobiForce raises $1.42 Mn Pre-Series A round led by Bharat Inclusion Seed Fund

Delhi based crowd sourcing platform MyMobiForce also known as Innotion Technologies Pvt. Ltd., has raised $1.42 Million (10.3 Crores INR) as part of Pre-Series A round of funding led by Bharat Inclusion Seed Fund with participation from Group of Angels led by Manu Iyer of Bluehill Capital, Acsys Investments and Ashutosh Agrawal (Ex-Urban Company).

MyMobiForce is an AI powered crowdsourcing Platform which empowers businesses to scale effectively by providing on-demand field technical workforce in a plug and play fashion. The company provides services to marquee brands and so far has completed over 2 million jobs through the platform. MyMobiForce has a resource pool of 50,000 technical gig workforce across 8,000 pin codes in India.

The company was set up in 2018 by Dheeraj Khatter, Himanshu Kumar, and Kshitiz Saini. The company is working on a mission to transform the way technical field services are delivered globally, in that process MyMobiForce helps gig workers with work opportunities, employment enhancing training and access to financial products such as insurance, savings  and micro Loans. 

The Founder’s in a joint statement said: “MyMobiForce has grown 2x during the Covid times and has managed to scale the operations to support 100 Plus customers. We will use the capital raised to skill and empower additional 20,000 Service Technicians across 10,000 Pin codes.”

Commenting on the investment, Sanjay Jain, Partner at Bharat Inclusion Seed Fund shared, “India is still among the least penetrated flexi staffing markets globally with merely ~0.5% of the workforce employed in a flexible manner as against 3-4% globally. “ 

He also added that with the increasing formalization of the economy, GST, labour law reforms, Covid and increasing number of enterprises shifting to flexi-staffing; crowd sourced platforms are poised for the next leg of growth over the long term. They are really excited to partner with MyMobiForce; the company has built a world class platform that allows businesses to digitally connect, skill, monitor and empower field workforce to complete technical jobs. 

The work tech phenomenon has given rise to many start-ups, who are taking initiatives to evolve and conceptualize the new ways of playing the work playbook. MyMobiForce is also working on the same line to transform the way technical field services are delivered and this funding will enable the company to continue doing the same.

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Topics: Funding & Investment, Technology

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