Bengaluru-based Awign Enterprises, a 'Work Fulfillment' platform which fulfills on-field enterprise functions through the gig workforce, has raised $4 million in a Series A funding round led by Work10M, Michael and Susan Dell Foundation, Eagle10 and existing investors Unitus Ventures, for product and business expansion, the company said in a statement.
"This round comes in at the right time where the aim is to invest in technology and touch more than 10 million lives within the next financial year," said Annanya Sarthak, Co-founder, Awign.
Founded in 2016 by IIT Alumni Annanya Sarthak, Gurpreet Singh and Praveen Sah, Awign plans to utilize this investment to strengthen the workforce facing app and the enterprise facing platform, while also developing robust sales and marketing channels. With this new round of fundraising, Awign not only plans to grow 10x within the next financial year but also aims to make some strategic acquisitions.
Awign's on-field services include Audit, Diligence and New Business Development. Awign has reached across sectors with clients like Swiggy, Oyo, Accenture, BCG, Raymond, Wipro, Udaan on a PAN India basis with the help of over 4,00,000+ registered supply base spread across 300+ cities.
Rahil Rangwala, Director of Programs, Michael and Susan Dell Foundation said in the release:
“Supporting India’s youth with meaningful livelihood opportunities and work readiness skills is core to the Dell Foundation’s mission in India. Awign’s innovative model provides measurable value to large companies and simultaneously impacts a distributed workforce at scale.”
Shelly Singh, Founding Partner at Work10m shared:
“Gig economy is how the workforce will be shaped in times to come and will create disproportionate opportunities for enterprises. Work10m is very excited to back Awign’s unique business model & top quality management team focused on innovative solutions to address this space.
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