Bertelsmann India, Amicus Capital Partners raise Rs120 crore for the gig economy company Awign

26 Aug 2022 , 08:23 AM

Bertelsmann India Investments and Amicus Capital Partners, in partnership with Mynavi Corporation and previous backers including Unitus Ventures and the Michael & Susan Dell Foundation, have co-led the investment round of Rs120 crore for enterprise gig startup Awign (MSDF).

The money will be used to boost the product and technology teams as well as to develop digital services in the US and Middle East markets. 
The startup boasts that during the past two years, revenues have increased by a factor of 10.

The money, according to Gurpreet Singh, chief revenue officer and cofounder of Awign, will make it easier for a wider pool of gig partners to locate employment possibilities and make a living.

The firm previously received funding totaling $7.3 million from MSDF, Unitus Ventures, Lumis Partners, Work10M, Eagle10 Ventures, Blacksoil, and Stride Ventures. It currently generates an estimated Rs150 crore in yearly sales.