PhonePe acquires GigIndia, top network for freelance micro-entrepreneurs

Transaction value not disclosed; GigIndia to bring 1.5 million entrepreneurs and over 100 enterprises on its platform as part of its integration with PhonePe under the deal

Walmart-owned fintech firm PhonePe said that it has acquired GigIndia, the country’s leading network for freelance micro-entrepreneurs. As a part of the acquisition, GigIndia which has 1.5 million entrepreneurs, and over 100 enterprises as customers, will integrate with PhonePe. The companies did not reveal the value of the transaction. GigIndia has about 100 employees and they will join PhonePe.

PhonePe will leverage GigIndia's network of freelance microentrepreneurs to help corporates and enterprises acquire more customers and scale up their distribution channels. This acquisition will also strengthen PhonePe’s offerings and value proposition to its enterprise partners and result in the creation