New Delhi: Unitus Seed Fund on Thursday said it led a Rs5 crore investment in Awign, whose platform allows companies to crowdsource business functions to remote workforce, including students.
Started in 2016, Awign enables firms to outsource aspects of their core operations and sales that require human workforce in distributed locations and converts them into project-based internship programs offered to students.
“We are excited to be working with Awign to support their growth. Majority of business operations in India continue to be offline-driven, requiring high-intensity human intervention at all stages. Awign’s strong technology-enabled platform and a growing network of well-trained college temp workforce have successfully streamlined these operations, minimized turnaround time and completely eliminated setup and operation costs in multiple locations," said Will Poole, co-founder and managing partner at Unitus, an impact venture fund.
The Bengaluru-based startup will use the capital to improve its products and for outreach—pitching to more corporates and tapping students.
The premise of Awign’s effort is to allow students to be able to take on work on project basis and get paid for it. For enterprises, Awign is able to provide manpower on demand and manages processes end-to-end.
“We are currently operational in 130 cities in India and manage everything without ever physically visiting any city. We want to completely turn our service into product and influence career paths for a million students. The funds would be instrumental in both scaling our outreach and improving our product," said Gurpreet Singh, co-founder of Awign.
Assignments offered through Awign include customer due diligence, e-KYC verification, merchant onboarding, customer acquisition and audits, and data gathering. It has worked with corporates in e-commerce, information technology, banking, consumer food products and logistics sectors.