About GigIndia
GigIndia is a company based in Pune (India) founded in 2017 was acquired by PhonePe in March 2022. GigIndia has raised $2.25 million across 4 funding rounds from investors including PhonePe, Beyond Next Ventures and Incubate Fund India. The company has 229 employees.
- Headquarter Pune, India
- Employees 229
- SectorsTechnology
- Website gigindia.netlify.app
- Social LinkedIn X Facebook
- Acquired by PhonePe (Mar 2022)
- Legal Name Explorium Innovative Technologies Private Limited
- Annual Revenue$8.24 M (USD)533as on Mar 31, 2024
- Net Profit-$15.49 M (USD)-465as on Mar 31, 2024
- EBITDA-$10.32 M (USD)-277as on Mar 31, 2024
- Total Equity Funding$2.25M (USD)
in 4 rounds
- Latest Funding Round$1.03M (USD), Seed
Dec 2020
- InvestorsPhonePe
& 15 more
- Employee Count229
- Acquired byPhonePe
(Mar 2022)
Funding Insights of GigIndia
GigIndia has successfully raised a total of $2.25M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.03 million completed in December 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 $2.25M
- Total Rounds 4
- Last Round Seed — $1.03M
- First Round $101,911
(Feb 2018)
- Investors Count 15
All 4 funding rounds of GigIndia with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2020 | $1.03M | Seed | – | Incubate Fund India | |
| Jul 2020 | $1.02M | Seed | – | Incubate Fund India | |
| Aug 2019 | $97,722 | Angel Round | – | Ravi Nigam, Shashank Deshpande | |
| Feb 2018 | $101,911 | Seed | – | Jerry Chase Resources |
16 investors in total: 6 institutional and 10 angel.
Investors in GigIndia
GigIndia has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include PhonePe, Beyond Next Ventures and Incubate Fund India.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund, investment holding & business conglomerate company | – | sab-holding.com | Jeddah, Saudi Arabia | |
Deep-tech investments and incubation services are provided for researchers and entrepreneurs addressing global challenges. | 2014 | beyondnextventures.com | Tokyo, Japan | |
Venture capital fund investing in early-stage tech startups | 2016 | incubatefund.in | Tokyo, Japan | |
- | – | jerrychaseresourcesco.tcc.mode | - | |
Intellectual property services are provided in Minato City, Japan. | – | mandspartners.com | Minato City, Japan | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | phonepe.com | Bengaluru, India | |
RN Ravi Nigam | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | – | unknown_6f7dd49d08764ebf9 | - |
SD Shashank Deshpande | Angel investor, ex-Partner at Clarion Venture Partners, focused on early-stage startups | – | unknown_1b59951033094d83a | - |
SR S Ramadorai | - | – | unknown_f5fc9977348a4a8c8 | - |
VP Vineet Patni | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_29a48ad0f8e842478 | - |
Investor details for GigIndia
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of GigIndia
4 dated milestones of GigIndia across 5 years, from founding to its latest funding, stage changes and deals.
- Founded GigIndia is founded.
- Funding First funding round of $102K.
- Funding Latest funding round, Seed, of $1.0M.
- Exit Acquired by PhonePe.
Web traffic of GigIndia
Websites that share an audience with GigIndia (gigindia.netlify.app).
Websites whose visitors overlap most with GigIndia. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gigsmart.com | 100% | 78.9K | #356,004 | View details | |
| gig4u.co | 85% | 39.2K | #770,030 | View details | |
| employbridge.com | 76% | 91.1K | #494,592 | View details | |
| awign.com | 73% | 16.7K | #1,088,172 | View details | |
| writers.work | 69% | – | #338,497 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for GigIndia
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to GigIndia
10 companies that operate in the same segment as GigIndia (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Frequently Asked Questions about GigIndia
GigIndia was founded in 2017 and raised its 1st funding round 1 year after it was founded.
GigIndia is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
GigIndia is a funded company, having raised a total of $2.25M across 4 funding rounds to date. The company's 1st funding round was a Seed of $101.91K, raised on Feb 2018.
GigIndia has 229 employees.
Annual revenue of GigIndia is $8.24M as on Mar 31, 2024.
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.
GigIndia has 16 investors. Key investors include PhonePe, Beyond Next Ventures, Incubate Fund India, SAB Holding, and Ravi Nigam.
GigIndia operates through Explorium Innovative Technologies Private Limited.
Yes. GigIndia was acquired by PhonePe in March 2022.