About Awign
Awign is a company based in Bengaluru (India) founded in 2016 by Harjit Singh, Gurpreet Singh, Praveen Kumar Sah, and Annanya Sarthak was acquired by Mynavi in April 2024.. Awign has raised $28.85 million across 9 funding rounds from investors including BlackSoil, Wellfound and Pinnacle. The company has 156 employees as of September 18, 2024. Awign offers products and services including Awign App, Upskilling Programs, and Workforce Solutions. Awign operates in a competitive market with competitors including smartstaff, Vahan, Workex, PickMyWork and Taskmo, among others.
- Headquarter Bengaluru, India
- Employees 156 as on 18 Sep, 2024
- Founders Harjit Singh, Gurpreet Singh, Praveen Kumar Sah, Annanya Sarthak
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Awign Enterprises Pvt. Ltd
- Date of Incorporation 06 Jul, 2016
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$16.36 M (USD)115.61as on Mar 31, 2023
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Net Profit
$-4.77 M (USD)-96.73as on Mar 31, 2023
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EBITDA
$-4.65 M (USD)-115as on Mar 31, 2023
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Total Equity Funding
$28.85 M (USD)
in 9 rounds
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Latest Funding Round
$155.89 K (USD), Series B
Apr 02, 2024
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Investors
BlackSoil
& 53 more
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Employee Count
156
as on Sep 18, 2024
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Acquired by
Mynavi
(Apr 26, 2024)
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Products & Services of Awign
Awign offers a comprehensive portfolio of products and services, including Awign App, Upskilling Programs, and Workforce Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for finding and completing gig work tasks.
Online courses to enhance skills for gig workers.
Services for enterprises to manage gig staffing needs.
Funding Insights of Awign
Awign has successfully raised a total of $28.85M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $155.89 thousand completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series B — $155,890
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First Round
First Round
(28 Jan 2017)
- Investors Count 54
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series B - Awign | Valuation | Stride Ventures |
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| Aug, 2022 | Amount | Series B - Awign | Valuation | Bertelsmann India Investments | |
| Nov, 2021 | Amount | Series A - Awign | Valuation | Ravi Modi Family Trust , Capria |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Awign
Awign has secured backing from 54 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BlackSoil, Wellfound and Pinnacle. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Bertelsmann
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Founded Year | Domain | Location | |
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Investment services in financial services, consumer, healthcare, technology, and manufacturing sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Awign
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Awign
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Awign Comparisons
Competitors of Awign
Awign operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as smartstaff, Vahan, Workex, PickMyWork and Taskmo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of workforce management platform for blue collar employee lifecycle management
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| domain | founded_year | HQ Location |
AI-powered recruitment and staffing for blue-collar workers are provided.
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| domain | founded_year | HQ Location |
Platform for recruitment, staff management, and payroll automation
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| domain | founded_year | HQ Location |
Gig employee hiring platform
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| domain | founded_year | HQ Location |
On-demand staffing platform connecting companies with pre-screened temporary workers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Awign
Frequently Asked Questions about Awign
When was Awign founded?
Awign was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Awign located?
Awign is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Awign?
Annanya Sarthak is the current CEO of Awign. They have also founded this company.
Is Awign a funded company?
Awign is a funded company, having raised a total of $28.85M across 9 funding rounds to date. The company's 1st funding round was a Series A of $2.42M, raised on Jan 28, 2017.
How many employees does Awign have?
As of Sep 18, 2024, the latest employee count at Awign is 156.
What is the annual revenue of Awign?
Annual revenue of Awign is $16.36M as on Mar 31, 2023.
What does Awign do?
Awign was established in 2016 in Bengaluru, India, as a cloud-based platform for on-demand internships in sectors including human resources, sales, and logistics. Internship vacancies are listed for candidates to review and apply to, with selections made following interviews. On-job training is delivered to selected participants. The platform is accessible through downloads from Google Play and the Apple Store.
Who are the top competitors of Awign?
Awign's top competitors include Vahan, LabourNet and PickMyWork.
What products or services does Awign offer?
Awign offers Awign App, Upskilling Programs, and Workforce Solutions.
Who are Awign's investors?
Awign has 54 investors. Key investors include BlackSoil, Wellfound, Pinnacle, Michael & Susan Dell Foundation, and Eagle10 Ventures.
What is Awign's valuation?
The valuation of Awign is $44.69M as of Apr 2024.
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