The funding is expected to provide a huge boost to the platform and help increase clients and provide more opportunities for the people of India
Gurugram based-Avenue Growth, India’s largest business growth platform, has raised an undisclosed amount from the Mafatlal Family Office, one of the oldest business houses in India. The platform will use the capital raised to grow an increasing gig workers’ base, strengthening technology units and the internal teams.
With the demand of businesses growing, Avenue Growth has successfully added more than 1000 reputed clients and the growth specialist count has gone above 1 lac. The platform now has a presence in more than 300+ cities with thousands of reliable, professional and passionate growth specialists, dedicated to complete your business tasks skillfully. It is very easy to join the platform as a growth specialist and you can start from any corner of the world as long as you have a decent internet connection.
Speaking on the capital raised, Rachit Mathur, CEO & Founder of Avenue Growth stated: “Since its inception, Avenue Growth has been on a mission to empower the youth of India by providing the right opportunities through the use of technology and innovation. We have tried to help people by offering them earning opportunities and a platform to use the skills they possess. We expect to use this funding for improving our technologies, growth specialist count and our internal teams”.
Avenue Growth also made it a priority to help mend the dent in the economy caused due to the pandemic. Thousands of skilled people were left jobless and Avenue Growth with its DIY model, made it possible for growth specialists to earn anything from Rs 1000-5000 a day. Women workforce have also seen an increase because of the work-from-home model offered by Avenue Growth. The company is in advanced talks with some other marquee investors to raise further investments
Priyavrata Mafatlal, MD and CEO, Mafatlal Family Office stated: “Rapid automation, innovation, and digital transformation have revolutionized the business sector. The demand for remote and freelance work has increased and an on demand workforce makes more sense as the workers can be paid for the work they do and relieved soon after. Avenue Growth is doing a tremendous job when it comes to an on demand work force model and providing businesses with the right skilled people to complete a task. We are very happy to invest and partner with this young and energetic team which has lots of potential to grow further”.
The platform has continuously and constantly grown since it entered the market. The funding is expected to provide a huge boost to the platform and help increase clients and provide more opportunities for the people of India
Source: Business World
