Awign raises $15 Mn in Series B

On-demand work fulfilment platform Awign has raised $15 million in a Series B funding round co-led by Bertelsmann India Investments and Amicus Capital Partners. Mynavi Corporation, Unitus Ventures, and Michael & Susan Dell Foundation have also participated in this round.

The fresh capital will be deployed to ramp up technological capabilities, expand digital services into global markets, bolster supply and demand acquisitions and penetrate further into its domestic market, the company said in a press statement.

Founded by Annanya Sarthak, Gurpreet Singh, and Praveen Kumar Sah in 2016, Awign helps enterprises run their businesses at scale by solving end-to-end outcome-based execution along with discovery, deployment, and payroll management.

Awign claims that it has over a million registered gig partners across over 500 cities across the country. Over the next five years, the company aims to add 500,000 gig workers every year.

The company had previously raised $7.3 million in funding from Michael and Susan Dell Foundation, Unitus Ventures, Lumis Partners, Work10M, Eagle10 Ventures, Blacksoil, and Stride Ventures.