Awign Onboards Over 90,000 Gig Workers During Pandemic
The work fulfilment startup, has raises pre-series B funds from Unitus Ventures and others funds from which will be utilised to increase Awign’s presence in more than 15,000 pin codes and and introduce new products to adapt and suit rapidly evolving business needs.
Bengaluru, November 27th: With a diverse fleet of trained gig workforce across more than 7,000 pin codes in India, last mile delivery and work-fulfilment startup Awign has touched over 150,000 lives across India, from villages to major metros, and grown 25 times in the past 2 years. Founded in 2016 with a mission to address the gaps in the deep-rooted unemployment and underemployment issues, Awign has raised pre-series B funding from existing investors Unitus Ventures, the Michael and Susan Dell Foundation and Eagle10 Ventures.
Sarthak Annanya, Co-Founder and CEO, Awign, states, “In the new normal, strong on-ground last mile assignments and supply-chain support emerged as the backbone of many businesses. As the country adapts to the steadiness of a less-contact world, we see large-scale demand for conventional and new gigs.This has confirmed the outlook we had about rapidly deploying demand-based gig jobs across the country. We want to emerge as the largest platform in the world for the gig workforce. We are encouraged by the reinforced trust from our investors, which definitely fuelled up our energy to support demands of the changing nature of businesses.”
The funds will be utilised to increase Awign’s presence in more than 15,000 pin codes, execute 10 million tasks in 2 years, and introduce new products to adapt and suit rapidly evolving business needs. Demonstrating the impact Awign has created for the gig workforce, the average income of supply-chain partners has doubled in the past one year – from pre-pandemic levels.”
This year, the economic downturn and pandemic have slowed down the investments. The number of startups funded beyond the seed round in the job-tech sector were a handful. Awign’s leadership position in this category is established by their ability to raise funds when market sentiments remain bleak. With the rise of e-commerce buyers and the high export and import of goods, India is expected to contribute to the increasing demand for last-mile delivery in the APAC region.
Awign also recently launched their Great Indian Job Fest ’20 (GIJF ’20) offering 30,000 flexible positions across 7000+ pin codes in a 10-day period. This is a first of its kind initiative to cater to the burgeoning requirements by businesses post pandemic.