Saif Partners invests Rs 4.7 cr in Playment

Venture capitalist firm Saif Partners on Saturday announced investment of Rs 4.7 crore in a pre-series A funding deal with mobile crowdsourcing start-up platform Playment.

"While the platform (Playment) is still in early stages, its power lies in the ability to generate direct and recurring cash earnings for anyone with a smartphone within minutes of coming on the platform," Saif Partners Principal Mayank Khanduja said in a statement.

Playment is a Bengaluru-based venture that enables large companies to crowdsource completion of tasks that are typically done by in-house or outsourced teams (BPOs).

"We're building a platform where humans and machines can work together to solve problems which were previously unsolvable at scale. To be able to do that, we would be investing a lot in building a world class product and engineering team," Playment CEO Siddharth Mall said.
 
Playment was launched in November 2015 by IIT-Kharagpur alumni Siddharth Mall and Akshay Lal, along with IIT-Guwahati alumnus Ajinkya Malasane.