News: Freelance marketplace GigIndia raises funds from tech industry veterans

Technology

Freelance marketplace GigIndia raises funds from tech industry veterans

The Pune-based startup will use the proceeds to gain greater access to customers and growing faster.
Freelance marketplace GigIndia raises funds from tech industry veterans

Freelance marketplace GigIndia, a technology platform that helps students find part-time jobs, has raised an undisclosed amount of funding from a bevy of technology industry veterans including former Tata Consultancy Services Ltd CEO S Ramadorai, former Tech Mahindra CEO Kiran Deshpande, Tasty Bite Eatables co-founder Ravi Nigam and Shashank Deshpande, co-founder of Clarice Technologies, as per a report by Inc42.

The Pune-based startup will use the proceeds to gain greater access to customers and benefit from the investors’ experience of building global businesses from India. The focus will now be on growing fast for the next six to nine months before it raises a bigger round, the company said.

Founded in 2017 by Sahil Sharma and Aditya Shirole, the technology-driven platform enables businesses to outsource short-term projects to freelancers. It has 25 employees and wants to expand its technology and the operations team.

This is the startup’s second funding round, having raised its previous round in 2018 wherein it raised capital from Jessica Wong, founding managing partner at Ganesh Ventures, and Hiro Mashita, Director at M&S Partners.

The funding comes as another testament to the boost in the gig economy in the country and to the players operating in this space. Earlier in June, TapChief, a platform for professionals to earn incomes without a full-time job, raised a funding round of $650K from 50+ investors including SEA-based VC Firm 500 Startups, AngelList India, Stanford Angels, and SucSeed Venture Partners.

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Topics: Technology, #FundingAndInvestment, #GigEconomy

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