Get All Access for $5/mo

Gigforce Raises $2 Million From Meraki Labs The funds will be used to build deep-tech and strong analytics for on-gig performances

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Gigforce, an on-demand staffing platform, raised $2 million from Meraki Labs. With the present investment from Meraki Labs, the tech platform has raised a total of $6 million till date.

The funds will be used to further build deep tech and strong analytics for on-gig performance. This will reduce the hiring process, drive giger delight and enhance productive engagement.

"As an organization, expansion of our team size by more than 2.5 times reflects our growth trajectory to grow bigger and better. We have stalwarts from industry continuously joining our leadership team across various functions. The aim is to have 50,000 active gigers by the end of this year. We feel encouraged with the trust and support of all our investors," said Chirag Mittal, co-founder and CEO of Gigforce.

"We're thrilled to join Gigforce in their mission to democratize access to good jobs. The gig economy will solve for India's burgeoning unemployment crisis in a way that caters to the aspiration and overall well being of gigers. Leveraging technology to build a strong ecosystem will ensure the benefits are equitably distributed and at scale," said Mridu Jhangiani from Meraki Labs.

Gigforce app is an interface for Gigers' for their documentation, choosing gigs and getting paid. Gigforce is also piloting to bring benefits on its app like insurance, quick training, doctors-on-call, and micro credit along with various industry leading partners, said a statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
News and Trends

OPPO Announces AI Accessibility Plan for 50 Million Users by 2024

GenAI will significantly become a part of daily life, enhancing experiences in entertainment, mobile productivity, and more

Growth Strategies

Five Sustainable Practices Adopted By Electric Vehicle Industry

Electric vehicles are inherently more eco-friendly than their fossil fuel counterparts, as they produce zero tailpipe emissions.

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Growing a Business

3 Non-Financial Factors That Could Impact Your Business' Value

For healthy companies that want to maximize their value, the qualitative indicators can be bundled into three main categories.