Bengaluru-based tech-enabled staffing solution startup Gigforce has raised Rs 6 crore of funding from Unitus Ventures. Gigforce is redefining employee solutions for companies that rely on gig workers for their jobs. The startup bridges the gap between conventional hiring and business demands of modern times.
Commenting on the funding Surya Mantha, Senior Partner, Unitus Ventures said,
“In India, almost 70 percent 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 multifold, in turn, creating more employment opportunities in emerging economies like India.”
It was founded by Chirag Mittal (CEO) from IIT-K, Parag Modi (CTO), and Anirudh Syal (COO) from IIT-K and ISB.
Today, businesses are not only looking for on-demand staff but business-oriented solutions as well. Parameters such as contract flexibility, quick onboarding, pre-trained staff, replacement of inadequately trained talent, and greater transparency are becoming increasingly important.
To create a complete service, the company uses chatbots, mobile applications, self-managed dashboards, and a matching engine on the background. Gigforce also integrates and uses social media platforms like Facebook and WhatsApp to quickly onboard workers seeking earning opportunities, he stated.
Commenting on the funding Chirag Mittal, Co-founder and CEO said,
“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. To ensure that a similar situation is avoided in the future, Gigforce aims to reduce operational hassle for businesses and provide meaningful ways to earn a 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.”
According to the startup, In India, this market is estimated to be $10 billion and is expected to grow to $40 billion in a few years.