GigIndia

Pune, India Founded: 2017 • Age: 9 yrs Acquired By PhonePe
Curated part-time workforce is provided on-demand to businesses for projects.
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About GigIndia

GigIndia is a company based in Pune (India) founded in 2017 was acquired by PhonePe in March 2022.. GigIndia has raised $1.22 million across 3 funding rounds from investors including PhonePe, Beyond Next Ventures and Incubate Fund India. The company has 229 employees as of May 31, 2025.

  • Headquarter Pune, India
  • Employees 229 as on 31 May, 2025
  • Sectors
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Explorium Innovative Technologies Private Limited
Operational Areas
Technology → Enterprise Software & Productivity Solutions → →
Key Metrics
  • Annual Revenue
    $8.24 M (USD)
    533
    as on Mar 31, 2024
  • Net Profit
    $-15.49 M (USD)
    -465
    as on Mar 31, 2024
  • EBITDA
    $-10.32 M (USD)
    -277
    as on Mar 31, 2024
  • Total Equity Funding
    $1.22 M (USD)

    in 3 rounds

  • Latest Funding Round
    $1.02 M (USD), Seed

    Jul 23, 2020

  • Investors
    PhonePe

    & 13 more

  • Employee Count
    229

    as on May 31, 2025

  • Acquired by
    PhonePe

    (Mar 21, 2022)

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Funding Insights of GigIndia

GigIndia has successfully raised a total of $1.22M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.02 million completed in July 2020. 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 Rounds 3
  • Last Round Seed — $1.0M
  • First Round

    (12 Feb 2018)

  • Investors Count 13
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2020 Amount Seed - GigIndia Valuation Incubate Fund India
SAB Holding , Beyond Next Ventures
Aug, 2019 Amount Angel Round - GigIndia Valuation Ravi Nigam , Shashank Deshpande
Kiran Deshpande , S Ramadorai
Feb, 2018 Amount Seed - GigIndia Valuation Jerry Chase Resources
M&S Partners
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in GigIndia

GigIndia has secured backing from 14 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include PhonePe, Beyond Next Ventures and Incubate Fund India. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
SAB Holding
Private equity fund, investment holding & business conglomerate company
Founded Year Domain Location
Beyond Next Ventures
Deep-tech investments and incubation services are provided for researchers and entrepreneurs addressing global challenges.
Founded Year Domain Location
Incubate Fund India
Venture capital fund investing in early-stage tech startups
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by GigIndia

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - GigIndia

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Gigindia Comparisons

Employees
+
Add Comparison
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Competitors of GigIndia

Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Gigindia

Frequently Asked Questions about GigIndia

When was GigIndia founded?

GigIndia was founded in 2017 and raised its 1st funding round 1 year after it was founded.

Where is GigIndia located?

GigIndia is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.

Is GigIndia a funded company?

GigIndia is a funded company, having raised a total of $1.22M across 3 funding rounds to date. The company's 1st funding round was a Seed of $101.91K, raised on Feb 12, 2018.

How many employees does GigIndia have?

As of May 31, 2025, the latest employee count at GigIndia is 229.

What is the annual revenue of GigIndia?

Annual revenue of GigIndia is $8.24M as on Mar 31, 2024.

What does GigIndia do?

GigIndia was founded in 2017 in Pune, India, as a provider of on-demand part-time workforce solutions within the gig economy sector. A tech platform is utilized to connect businesses with a pre-screened network of freelancers for short-term engagements. Operations focus on sourcing, managing, and delivering talent to support project efficiency. Services are extended to businesses of various sizes across India, facilitating access to available skilled workers.

Who are GigIndia's investors?

GigIndia has 14 investors. Key investors include PhonePe, Beyond Next Ventures, Incubate Fund India, SAB Holding, and Ravi Nigam.

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