GigIndia, a technology platform that helps students find part-time jobs, has raised funding from a clutch 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, have also invested, GigIndia CEO Sahil Sharma told VCCircle.
The Pune-based startup didn’t disclose the amount it raised. But, in a separate email, it said that it the funding will help the company gain greater access to customers and benefit from the investors’ experience of building global businesses from India.
“Our focus now is to keep a laser-sharp focus on growing fast for the next six to nine months before we raise a bigger round, the company said.
GigIndia is a technology-driven platform through which businesses can outsource short-term projects to freelancers. It has 25 employees and wants to expand its technology and the operations team.
The company was founded in 2017 by Sharma and Aditya Shirole, who is the chief operating officer.
Ramadorai said the boom in the so-called gig economy will change the jobs market and the way work gets done. “As the gig economy matures, new use cases will emerge and create a need for a platform like GigIndia.”
This is the second round of funding for GigIndia, operated by Explorium Innovative Technologies Pvt. Ltd. The previous round of funding was in 2018 when it raised capital from Jessica Wong, founding managing partner at Ganesh Ventures, and Hiro Mashita, director at M&S Partners.
The new funding round was first reported by digital media publication Inc42.
Deals in the staffing segment
GigIndia joins a number of staffing firms that have raised funding in recent months, as investors and entrepreneurs seek to take advantage of a shortage of jobs in India.
Last month, Awign Enterprises Pvt. Ltd, a Bengaluru-based operations and sales outsourcing startup, raised Series A funding worth $3 million (Rs 21 crore) from Gurugram-based investor Lumis Partners.
In July, VCCircle reported that Bengaluru-based Workex Solutions & Services Pvt. Ltd, a digital recruitment startup set up by former executives of logistics company Delhivery and auto-retail tech firm Autoninja, had raised Series A funding from three investors.
In May, Skillenza, a software-as-a-service-based online hiring firm, mopped up $1 million in a pre-Series A funding round led by CBA Capital’s Education Catalyst Fund.