Gigforce, an on-demand staffing platform has announced a fresh investment of $2 million from Meraki Labs. With the present investment from Meraki Labs, the gig-tech platform has raised a total of $6 million to date.

With the recent round of funding Gigforce aims to improve its solution and aims to have 50,000 active Gigers by the end of this year, pacing towards the medium-term goal of having one million active Gigers by 2025.

“As an organisation, expansion of our team size by more than 2.5x reflects our growth trajectory to grow bigger and better. We have stalwarts from industry continuously joining our leadership team across various functions," Chirag Mittal, Co-Founder and CEO, Gigforce said. 

The gig-tech start-up operates a platform to enable Gigers* signup digitally on its app and offers an interface for Gigers’ for their documentation, choosing gigs and getting paid. It is also piloting to bring benefits on its apps like insurance, quick training, doctors-on-call, and microcredit along with various industry-leading partners. The solution also offers proprietary payment processing tech built for processing high-velocity payments designed for the gig ecosystem. 

India's gig economy is growing rapidly. A report by ASSOCHAM shows that India’s gig sector is expected to increase to $455 billion at a CAGR of 17 percent by 2024. In another estimate, India is likely to have 350 million gig jobs by 2025, presenting a huge opportunity for job seekers to capitalise and adapt to the changing work dynamics and for solutions like Gigforce to capture the growing market of freelancers. 

"The gig economy will solve for India’s burgeoning unemployment crisis in a way that caters to the aspiration and overall wellbeing of gigers. Leveraging technology to build a strong ecosystem will ensure the benefits are equitably distributed and at scale,” said Mridu Jhangiani from Meraki Labs.