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Reading: Awign Raises $15M In Series B Led By Bertelsmann India, Amicus Capital
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Marketing In Asia > Blog > Startup > News from Startup world > Awign Raises $15M In Series B Led By Bertelsmann India, Amicus Capital
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Awign Raises $15M In Series B Led By Bertelsmann India, Amicus Capital

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Last updated: 2022/08/26 at 12:53 PM
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Bengaluru-put together work satisfaction stage Awign with respect to Thursday declared that it has brought $15 million up in a Series B round co-drove by Bertelsmann India Investments and Amicus Capital Partners, alongside Mynavi Corporation and existing financial backers – Unitus Ventures, and the Michael and Susan Dell Foundation (MSDF).

The warning for the exchange was driven by a confidential abundance the executives firm, Client Associates.

Awign plans to send the new assets to improve its mechanical abilities, grow advanced administrations into worldwide business sectors, and support organic market acquisitions.

Also Read: Funding Societies Signs US$50 Million (RM223 million) Credit Facility With HSBC To Drive SME Growth In Southeast Asia

Established in 2016 by IIT graduated class Annanya Sarthak, Gurpreet Singh, and Praveen Sah, Awign Enterprises works as a work satisfaction stage focussed on the gig labor force. The startup says it has 1,000,000 gig accomplices, north of 100 enormous marquee undertakings as clients, and nine center endeavors capabilities

The startup tackles start to finish result based execution alongside revelation, sending, and finance the board.

Talking on the raise money, Annanya, CEO and Co-pioneer, Awign says, “At Awign, we accept that any mind boggling work across all expertise levels can be designed and gigified into more straightforward errands. We’re driving the gig work change in India through our exclusive no-code tech stack, which empowers start to finish work execution alongside dealing with our gig accomplices’ whole lifecycle.

“While the normal payouts for our gig accomplices have developed 2X over the most recent two years, the new subsidizes will assist us with empowering a bigger pool of gig accomplices to track down business valuable open doors and procure their occupations in a maintainable manner,” adds Gurpreet, CRO and Co-organizer, Awign.

Remarking on the venture, Pankaj Makkar, Managing Director at Bertelsmann India Investments says, “In a period when India is reconsidering the fate of work, we see huge open door. Today, India’s gig economy is valued at $20 billion with right around 8,000,000 gig laborers. Awign has spearheaded endeavor centered gig work arrangements by tending to complex business necessities, through its organization of 1 million + gig laborers. We are eager to cooperate with Sarthak, Gurpreet and Praveen, making examples of overcoming adversity for endeavors with their unrivaled comprehension of the market.”

“Awign tackles a basic trouble spot for undertakings by digitizing and executing errands in an expense effective way. Their advanced first plan of action has scaled quickly utilizing both innovation and the developing populace of gig laborers,” adds Mahesh Parasuraman, Co-Founder and Partner at Amicus Capital India.

The organization has recently gotten ~ $7.3 million in subsidizing from the nation’s top VCs like Michael and Susan Dell Foundation, Unitus Ventures, Lumis Partners, Work10M, Eagle10 Ventures, Blacksoil, and Stride Ventures.

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