Alex McCurthy
On-demand staffing platform Gigforce on Tuesday said it has raised $3 million (about Rs 22 crore) in funding, led by Endiya Partners.
Existing investor Unitus Ventures and key angels also participated in the pre-series A round, a statement said.
“The market is underserved today because of the lack of suitable technology to manage scale. India’s top five staffing companies together manage a workforce of one million,” Gigforce co-founder and CEO Chirag Mittal said.
“With this fundraise, we plan to strengthen our team and technology and rapidly scale pan-India in the next few quarters,” he said.
Surya Mantha, Senior Partner at Unitus Ventures, added that Gigforce is disrupting the over $10 billion staffing industry by shaping the “future of work”.
“Over the last few years, Indian businesses have experienced the need for and recognized the potential of gig work. The speed at which Gigforce has catered to the rapid and diverse demand created during the pandemic shows their future-ready approach and scalability. And this is only the beginning,” Mantha stated.
