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. 
Business News

Wells Fargo Reportedly Fired More Than a Dozen Employees for Faking Keyboard Activity

The bank told Bloomberg that it "does not tolerate unethical behavior."

Innovation

The Key to Real Innovation Is Cross-Pollination — Here Are 10 Ways to Implement It in Your Business

Transform your business with this unique approach to sparking innovation.

Growth Strategies

AMD Confident About Increasing Market Share In India

The semiconductor company is positive about the business environment in India on the back of growing investments in data centers and AI, Cloud repatriation, as well as technology refresh taking place across companies on both server side and client devices

Side Hustle

These Are the 10 Best Online Side Hustles of 2024 to Earn Extra Cash

From teaching to testing artificial intelligence, these side hustles can earn you quick cash from home.

Leadership

7 Ways You Might Be Damaging Your Credibility as an Entrepreneur

Here are seven credibility killers entrepreneurs need to be aware of.

Leadership

Tech Overload Will Destroy Your Customer Relationships. Are You Guilty of Using Too Much Tech?

Technology's value in our world is undeniable. However, there can be a point where it is ineffective and possibly counterproductive. See where it can negatively impact your product, brand, and business.