Gig startup Awign raises Rs 120 crore in funding led by Bertelsmann India, Amicus Capital Partners

Enterprise gig startup Awign has raised Rs 120 crore in funding co-led by Bertelsmann India Investments and Amicus Capital Partners, along with Mynavi Corporation and existing investors such as Unitus Ventures, and the Michael & Susan Dell Foundation (MSDF).

The funds will be used to enhance technological capabilities, expand digital services into the US and Middle East markets, and ramp up the technology and product teams.

The startup claims to have witnessed 10x growth in revenues in the last two years.

“We will focus on people, technology, building up the brand, and the funds will be instrumental in taking business lines global. We have made inroads in the US and Middle East markets and will ramp up efforts in these regions. We are also contemplating other markets for expansion," said Annanya Sarthak, chief executive officer and cofounder of Awign.

The funds will enable a larger pool of gig partners to find employment opportunities and earn their livelihoods, said Gurpreet Singh, chief revenue officer and cofounder of Awign.

Previously, the startup has raised $7.3 million in funding from MSDF, Unitus Ventures, Lumis Partners, Work10M, Eagle10 Ventures, Blacksoil, and Stride Ventures and has an annual revenue rate of Rs 150 crore.