PhonePe, a digital payments and financial services company, has acquired GigIndia, a network for independent micro-entrepreneurs based in Pune. PhonePe will be able to integrate 1.5 million entrepreneurs and over 100 businesses as customers, in addition to its own employees, as a result of the acquisition. PhonePe will use GigIndia’s network of freelancing microentrepreneurs to assist corporations and businesses in expanding their customer bases and distribution channels.
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About GigIndia:
GigIndia was founded in 2017 by Sahil Sharma and Aditya Shirole. Former TCS CEO S Ramadorai, Beyond Next Ventures CEO and Founding Partner Tsuyoshi Ito, Incubate Fund India Founder Nao Murakami, and former Tech Mahindra CEO Kiran Deshpande are among the company’s investors and advisors.
About PhonePe:
PhonePe is a market leader in digital payments. Former Flipkart executives Sameer Nigam, Rahul Chari, and Burzin Engineer established PhonePe in 2015.
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