BlackSoil invests INR 4 Crore into work fulfilment platform Awign Enterprises
Summary
BlackSoil, an alternative credit platform, today announced that it has invested INR 4 Crore into Awign Enterprises Private Limited as a venture debt facility. Founded in 2016 by IIT-alumni Annanya Sarthak, Gurpreet Singh, and Praveen Sah, Awign Enterprises operates as a work fulfilment platform focussed on gig workforce. “Awign has built an innovative model that delivers high value to the clients while providing employment and skilling opportunities to the Indian youth. Post-covid, there has been a wide adoption of gig workers and it is our pleasure to partner with Awign to help them grow in this disruptive industry pivoted for strong growth.” stated Ankur Bansal, Co-founder and Director, BlackSoil. Awign fulfils on-the-ground tasks required by businesses through a network of skilled and trained gig workers, and the clients are billed based on successful outcomes as opposed to work hours.