Flexing It raises $500,000 in angel round
Flexing It to use the funds to expand business across India, strengthen the product as well as market the brand
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Bengaluru: Flexing It Services Pvt. Ltd, an online marketplace that connects companies with domain experts for part-time assignments, has raised $500,000 in an angel round from investors such as Dhruv Agarwala, chief executive at PropTiger; Arjun Dhawan, president and chief executive officer at HCC Infrastructure Company Ltd; and Colvyn Harris, executive director-global growth and client development at J. Walter Thompson Co.
The funds will be deployed to expand the business across India, strengthen the product as well as market the brand, the company said in a statement on Monday.
“While there are mature freelancing platforms that cater to the tech and creative spaces, there is a gap when it comes to more mainstream management skills like strategy, marketing, finance, human resources, product and knowledge-based projects. Flexing It is looking to address this gap and uses its curation and proprietary matching algorithm, FlexScore, to make impactful and timely connections between organisations and professionals,” said founder and chief executive Chandrika Pasricha.
An alumnus of Indian Institute of Management-Bangalore, Pasricha had earlier worked with consulting firm McKinsey for more than a decade in India and the US. The company claims to have more than 12,000 professionals listed on its platform as well as over 1,000 companies hiring on the marketplace.
“Clearly, work is changing and the emergence of the project-based economy is a mega-trend of this century. I see huge potential for companies in this segment who build a quality and trusted product,” said PropTiger’s Agarwala.