Delhi-based software-as-a-service (SaaS) startup Squad (earlier known as SquadRun) has raised $2.1 million in a fresh funding round led by early-stage investor Blume Ventures, a company statement said.
Angel investors Gokul Rajaram (Product Engineering Lead at Square) and Shamik Sharma (Senior Technology Advisor at Myntra) also participated in the funding round.
The company said it will use the funds to scale its platform by expanding the technology, product and data teams in India and the sales team in the US.
Squad helps businesses crowdsource operational problems from mobile workforce (college students, young professionals, housewives, etc.). So far it claims to have connected more than 75,000 people across India, the Philippines, Malaysia, Uganda, and Kenya to meaningful work opportunities through Internet-enabled smart devices.
SquadRun Inc was founded in 2014 by engineers Apurv Agrawal and Vikas Gulati, and commerce graduate Kanika Jain. Agrawal and Jain previously worked at 91springboard while Gulati worked as a software developer at Josh Technology.
SD Shibulal, co-founder of Infosys and Axilor Ventures said, “We are excited by the disruption Squad is bringing to the outsourcing industry with its distributed workforce model. Their AI-powered digital platform which can manage customer workflows at large scale will help global services companies improve responsiveness and bring down costs.”
In February 2015, Squad had raised an undisclosed amount of seed funding. The angel investors included Amit Ranjan of SlideShare, Deepinder Goyal of Zomato, Girish Khera of Scientific Animations, and Zishaan Hayath of ed-tech startup Toppr.