Bengaluru based Awign Enterprises, India’s largest 'Work Fulfillment' platform which fulfils on-field enterprise functions through gig workforce, has raised $ 4 mn Series A funding round led by Work10M, Michael and Susan Dell Foundation, Eagle10 and existing investors Unitus Ventures, for product and business expansion.
Gurpreet Singh, Co-founder, Awign shares, “Majority of businesses in India, whether traditional or new age, continue to be offline driven, requiring high touch human intervention at most stages of the value chain. Our strong technology-enabled platform with a unique offering of delivering 'work' and not 'workforce' has helped us build expertise and win the favour of marquee customers across FMCG, CPG, Retail, BFSI, Telecom, Ecommerce and Mobility sectors”
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 fundraise, Awign not only plans to grow 10x within the next financial year but also aims to make some strategic acquisitions.
Awign is best positioned to fulfill the industry gap in creating local jobs and livelihoods across India by taking micro jobs to the door-step of candidates and giving a platform to execute them at the place and time they want. They are the first platform in India to fulfill more than 3 million micro-jobs across 200 cities in India. This round comes in at the right time with perfect partners for the company where the aim is to invest in technology and touch more than 10 million lives within the next financial year.
Rahil Rangwala, Director Programs, Michael and Susan Dell Foundation shared, “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. We’re excited to be part of Awign’s journey in re-defining the future of work in India.”
This niche has enabled Awign to emerge as leading player in the space of “Future of Work” in India which gets enterprise functions executed through a distributed workforce across the country and charges only on delivered outcomes. Their 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.
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.”