Unitus Seed Fund has invested Rs 5 crore in Awign, which focuses on companies to outsource their business functions to a remote workforce, including student community across the country.
The Bengaluru-based startup will use the funds for improving their productivity and to engage more and more corporates and students, reports Mint.
The company allows students from remote areas to be part of the time-being workforce and provides manpower on demand in a time-bound manner. It’s currently operational in 130 cities in India and helps enterprises to turn their services into product and influence career paths for million students.
“These funds would enable in both scaling outreach and improving our productivity,” Co-founder of Awign Gurpreet Singh told to Livemint.
The investment will help the company for sprucing up its growth and expanding operations in multiple locations. In August 2017, last year, the outsourcing startup has raised about Rs 90 lakh from a clutch of angel investors.
Floated in 2016 by IIT – Ropar alumni Sarthak, Singh, and Praveen Sah – Awign enables companies to outsource aspects of their core operations and sales that require workers in various locations converts them into project-based internship programs offered to students of UG/PG programs in India.
So far, the startup has worked with various corporates in e-commerce, information technology, banking, consumer food products and logistics sectors. Its clientele base includes companies such as Paytm, Treebo Hotels, Oyo, Quikr, Kotak amongst several others.
It also hires workforce for customer due diligence, e-KYC verification, merchant onboarding, customer acquisition and audits, and data gathering. The company competes with a slew of outsourcing and third-party payroll solution providers including Delhi-based The Testament.