Awign revealed recently raised $15 million in a Series B round, Awign to enhance its technological capabilities, expand digital services into global markets, and bolster supply and demand acquisitions.
Founded in 2016 by IIT alumni Annanya Sarthak, Gurpreet Singh, and Praveen Sah, Awign Enterprises operates as a work fulfillment platform focussed on the gig workforce. The startup says it has one million gig partners, over 100 large marquee enterprises as customers, and nine core enterprises functions
The startup solves end-to-end outcome-based execution along with discovery, deployment, and payroll management.
“At Awign, we believe that any complex work across all skill levels can be configured and gigified into simpler tasks. We’re leading the gig work transformation in India through our proprietary no-code tech stack, which enables end-to-end work execution along with managing our gig partners’ entire lifecycle.” Annanya, CEO and Co-founder, Awign says,
Awign grows 2x over the last 24 months
“While the average payouts for our gig partners have grown 2X in the last 24 months, the new funds will help us enable a larger pool of gig partners to find employment opportunities and earn their livelihoods in a sustainable way,” adds Gurpreet, CRO and Co-founder, Awign.
The funding was co-led by Bertelsmann India Investments and Amicus Capital Partners. Additional investors included Mynavi Corporation, Unitus Ventures, and the Michael & Susan Dell Foundation (MSDF).
Client Associates, a private wealth management company, was in charge of the advise for the transaction.