On-demand workforce platform Avenue Growth raises funding from India Accelerator, others

Gurugram-based Avenue Growth, an on-demand workforce platform, has raised funding led by India Accelerator's Growth Opportunities Fund, IAES Ventures LLP, and the Ministry of Electronics and Information Technology. Avenue Growth intends to use the funds for expanding its business areas, improving its technology platform and increasing its leadership team. The acquired funds will be used for the expansion of these new segments, as well as for enhancing its technology infrastructure and hiring senior management staff. Set up in 2019, Avenue Growth allows businesses to expand operations through on-demand workers. The platform streamlines the process of finding, hiring, and managing flexible workers for companies.