Mynavi Corporation (hereinafter referred to as “Mynavi”; Head office: Chiyoda-ku, Tokyo; Representative Director, President and Executive Officer: Yoshiaki Tsuchiya) has made an investment in Awign Enterprises Private Limited (hereinafter referred to as “Awign”; Location: Bengaluru; CEO: Annanya Sarthak), an Indian company that provides job matching services to gig workers.
India is expected to see continued growth in the blue-collar employment market supported by the spread of smartphones and other technologies, strong investment from overseas, and a national policy to promote manufacturing (Make in India).
However, the country’s blue-collar human resource business is still underdeveloped, and most businesses are based on temporary staffing, which focuses only on the number of workers to be dispatched. In the meantime, a BPO model is emerging that leverages technology and emphasizes work performance and worker quality. That is why gig workers are attracting attention. The gig worker market in India is said to be around two trillion yen*1 and there are currently about eight million such workers*2.
*1 Provided by Awign *2 From a NITI Aayog report
Awign, in which we have invested this time, has customers such as Infosys, Mahindra & Mahindra, Tata Group, and other major companies in India, and has developed a platform that brings together more than one million gig workers in 500 cities in India. Awign is one of the leading startup companies providing matching platforms in the fast-growing gig-worker market.
Awign delivers quality results by providing comprehensive services including worker screening, matching, and task management for work orders received from customers. Awign also encourages gig workers to improve their skills by providing helpful contents and opportunities in order to solve issues such as worker skill shortage and job mismatches.
Also, Awign utilizes technology to help address employment disparities and difficulties caused by regional differences as people in India’s Tier 2 and Tier 3 cities and rural areas face difficulty in finding work, struggling with the cost of living and other hardships.
At Mynavi, we are currently investing in companies that contribute to solving social issues facing India, mainly in the areas of human resources and education, and as part of the initiative, we have made this decision to support Awign in its efforts to provide gig workers with employment opportunities unaffected by geographical disparities and contribute to improving the quality of life in India.
▼Company Profile of Awign Enterprises Private Limited
Company Name: Awign Enterprises Private Limited
Location: #108, 2nd & 3rd Floor, Startup Huts, 27th Main, HSR Layout, Sector 2, Bengaluru, 560102
Representative: Annanya Sarthak
▼Company Profile of Mynavi Corporation
Company Name: Mynavi Corporation
Location: 1-1-1 Hitotsubashi, Chiyoda-ku, Tokyo
Representative: Representative Director, President and Executive Officer Yoshiaki Tsuchiya
Founded: August 15, 1973