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PhonePe acquires gig work portal GigIndia
Digital payments platform PhonePe has acquired freelance micro-entrepreneur platform GigIndia to strengthen its offerings for corporate and enterprise partners. GigIndia will integrate with PhonePe as a part of the deal. The acquisition will allow PhonePe to leverage GigIndia's network of freelance microentrepreneurs to help corporates and enterprises acquire more customers and scale their distribution channels. It will also strengthen PhonePe's offerings and value proposition to its enterprise partners. GigIndia has 1.5 million entrepreneurs and more than 100 enterprises as customers.
From the Venture Intelligence PE-VC Deal Database: Between Mar-2018 and Jun-2020, GigIndia had raised over USD 1 M in early stage funding from Beyond Next Ventures, Incubate Fund, Ganesh Ventures, M&S Partners, Others
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