SquadRun, a mobile marketplace for crowdsourced work, has raised an undisclosed amount of seed funding from Amit Ranjan, founder of Slideshare, Deepinder Goyal, founder of Zomato, Zishaan Hayath, founder of Toppr and Girish Khera, cofounder at Scientific Animations.
Angels from Powai Lake Ventures also participated in this round. The startup was accelerated by 91springboard which also advised them in the fundraise.
Co-founded by Apurv Agarwal, Kanika Jain and Vikas Gulati, SquadRun is a ‘gamified’ puzzle app that allows users to make money by completing simple tasks on their phone. This solution allows users to monetize down time while providing businesses cost effective solutions to common operational problems. SquadRun works on the principle that everyone has a certain amount of spare or “down” time every day time spent travelling, waiting, or otherwise unengaged.
A few use cases that SquadRun’s mobile army is being used for Data moderation, tagging, categorization, comparision, etc all of which can be done on SquadRun at fraction of what it would have costed a business otherwise. In just 6 months, SquadRun has worked with over 7000 users and 35+ diverse businesses.
Their focus now lies on data enrichment use cases such as Data Moderation, Comparison, Categorization and Tagging where SquadRun is right now working with almost all the better marketplaces and consumer apps in India.
TaskRabbit is another player in the are which raised more than $37.5 million and started in 2008. Talking about the competition, Kanika Jain, co-founder of Squadrun said that, “We mainly compete with inhouse teams and BPOs but our high quality distributed workforce, strong algorithms and workflows enables us to be much cheaper, faster, flexible, and better quality!.”