27 July 2020
Tech-enabled staffing solution start-up, Gigforce has raised INR 60 million (USD 802,000) from Unitus Ventures, an India-based impact venture fund that supports early-stage tech start-ups with India scale and global potential.
Gigforce said it plans to use the funds for building its early technology platform and to train gig workers.
Founded by Chirag Mittal, Co-Founder & CEO, Parag Modi, Co-founder & CTO and Anirudh Syal, Co-founder & COO, Gigforce claims it bridges the gap between conventional hiring and modern-day business demands. The on-demand staffing platform offers curated & pre-trained gig staff on a task, hourly, weekly or monthly basis. It connects available gig workers to short gigs in their locality spanning from a day up to a few months.
“We use chatbots, mobile applications, self-managed dashboards and a matching engine in the background to create the complete service,” Modi said. “Gigforce also integrates and uses social media platforms like Facebook and WhatsApp to quickly onboard workers seeking earning opportunities.”
Mittal said, “We are thrilled to have Unitus Ventures to support us with scaling up the platform. The dynamics of hiring have rapidly changed in the last six months.
“We have witnessed how the ongoing crisis has affected the growth of businesses and their staff,” Mittal said. “To ensure that a similar situation is avoided in future, Gigforce aims to reduce operational hassle for businesses and provide meaningful ways to earn livelihood for workers. We believe that a large number of retail players will want to move to this model, especially in these times where the demand is uncertain and the economy is subject to frequent disruptions.”
Speaking about this investment, Surya Mantha, Senior Partner, Unitus Ventures said, “In India, almost 70% of corporates have already used gig workers for at least one task in 2018. We are glad to partner with Gigforce, and we strongly believe that Gigforce’s value proposition will be core to the future of staffing. This will be a game changer while growing the global gig market multi-fold, in turn creating more employment opportunities in emerging economies like India.”
“Demand is not a concern as enterprises have shown interest in flexible hiring solutions,” Syal said. “A testimony to this is that we have already received more pilot requests than predicted, which is very encouraging. The aim is to ensure service and scalability for clients.”