Part-time work platform Awign raises $4 mn Series A from investor group

Part-time work and internship platform Awign Enterprises has raised $4 million in Series A round from Work10M, Michael and Susan Dell Foundation and Eagle10. 

Returning investor Unitus Seed Fund also participated in the round, said a statement issued by the company. 

The company has raised close to $8 million so far, including the current round, according to data with VCCEdge. The company last raised $3 million from Lumis Partners in August this year. The company had raised a seed round from Unitus Seed Fund in 2018.  

The company will utilise the capital for developing the product and for sales and marketing channels. It is targeting 10x growth in the next financial year and also plans to make strategic acquisitions.

“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,” said Gurpreet Singh, cofounder at Awign.

Founded in 2016 by IIT alumni Singh, Annanya Sarthak and Praveen Sah, Awign gets enterprise functions executed through a distributed workforce. The on-field services offered by the platform include audit, diligence and new business development. It works with clients such as Swiggy, Oyo, Accenture, BCG, Udaan and others across 300 cities in India and registered supply base of 4 lakh candidates.

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,” said Rahil Rangwala, director programs at Michael and Susan Dell Foundation in the statement.

Awign competes with players in the gig work economy like TapChief which recently raised $1.5 million from Blume Ventures as well as women’s networking platform Sheroes which was backed by Leo Capital which connects women job-seekers.