Awign, founded in 2016 and based in Bengaluru, provides outcome-based execution, payroll management, and deployment services. The company serves a wide client base, from Fortune 500 companies to startups. It has 201–500 employees and has raised $44.3M to date. In 2024 Awign secured $24.5M in a Series C from Mynavi Corporation, which acquired a 73% stake. The Series C proceeds are earmarked for working capital, improving operational efficiency, and funding expansion. Previously, in 2022 Awign raised $15M in a Series B led by Bertelsmann India Investments and Amicus Capital Partners, with additional support from Mynavi. Awign Enterprises operates a work-fulfillment platform dedicated to the gig workforce, matching contractual talent with enterprise needs across nine hyperlocal and digital service lines. Its service lines include auditing, diligence, proctoring, content and data operations, invigilation, last-mile delivery, new business development, telecalling and end-to-end management of high-skilled niche contractual profiles. The company serves enterprises across more than 500 cities in India. Founded in 2016 by IIT alumni Annanya Sarthak, Gurpreet Singh and Praveen Sah, Awign focuses on scaling digital and hyperlocal labor solutions. Following its latest financing, the company plans to enhance technological capabilities, expand its digital services into global markets and bolster supply- and demand-side acquisitions. The article reports a $15M Series B raise to support these strategic priorities. Awign Enterprises operates a work-fulfilment platform that connects businesses to a trained gig workforce. The company reports a registered workforce of 6.5 lakh gig workers across 450 cities and says it has completed over 50 lakh on-the-ground tasks. Awign bills clients based on successful outcomes rather than hours and serves 100+ clients including Swiggy, ITC, Bigbasket, Britannia, and Aditya Birla Capital. Its client base spans FMCG, BFSI, ecommerce, fintech, edtech, assessments, and logistics. Founded in 2016 by IIT alumni Annanya Sarthak, Gurpreet Singh, and Praveen Sah and based in Bengaluru, Awign says it provides work and skilling opportunities to students, graduates, and women returning to work. The company will use the fresh funding for working capital requirements and business expansion. Awign operates a technology-enabled work-fulfilment platform and workforce-facing app that matches and manages gig workers to execute ground-level tasks for enterprises across sectors such as FMCG, CPG, retail, BFSI, telecom, ecommerce and mobility. The platform bills customers for outcomes rather than man-hours and supports enterprise-facing workflows for auditing, diligence and new business development. The company says it has over half a million gig workers on the platform and has fulfilled more than three million micro-jobs across 200 cities in India, serving clients including Swiggy, OYO, Accenture, BCG, Raymond, Wipro and Udaan. Awign plans to use the new investment to strengthen its workforce app and enterprise platform, develop sales and marketing channels, pursue strategic acquisitions and target 10x growth in the next financial year. Founded in 2016 by IIT alumni Annanya Sarthak, Gurpreet Singh and Praveen Sah, the company is Bengaluru-based and recently completed a Series A funding round. Awign, founded in 2016 by IIT Ropar alumni including Sarthak, Gurpreet Singh and Praveen Sah, offers a platform for companies to outsource business functions to a distributed, time-bound workforce drawn largely from student communities. The company converts location-dependent tasks into project-based internship programs for UG/PG students and supplies manpower on demand for tasks such as e-KYC, merchant onboarding, customer acquisition, audits and data gathering. It is operational in 130 cities across India and serves clients in e-commerce, IT, banking, consumer food products and logistics, including Paytm, Treebo Hotels, Oyo, Quikr and Kotak. Awign competes with other outsourcing and third-party payroll providers such as The Testament. The startup plans to use new funding to improve productivity, scale outreach, engage more corporates and students, and expand operations to additional locations. Financially, the company has previously raised about Rs 90 lakh from a clutch of angel investors in August 2017 and has now received a new institutional investment.

Total raised

$45M

Funding rounds

5

Latest round

Series C

Latest activity

Jul 2024