Mumbai: Funngro, a startup that enables teenagers to earn through freelance assignments, has reached 1 million teenlancers on its platform.
The Funngro platform, which connects businesses with teenagers looking for part-time work opportunities, has grown rapidly since its inception in 2021. The 1 million milestone is a validation of the platform’s potential in bridging the gap between business opportunities and talent. SucseedInndovation, Girnar Growth Venture and prominent angel investors fund Funngro.
“Getting hands-on work experience during the teenage years can be a gateway to a sea of opportunities in the future. Of course, it gives them economic independence, but it also offers invaluable lessons in perseverance and resilience. We are enabling teenagers to get access to these work opportunities because we believe it is an investment in the leaders, innovators and problem solvers of tomorrow,” said Payal Jain, chief executive officer and Founder of Funngro.
The Funngro platform has a user-friendly interface and a proprietary algorithm that matches opportunities with talent. So far, the platform has partnered with more than 2,500 companies to find work opportunities for teenagers. To use the platform, teenagers must be above 14 years of age, and they must have parental approval.
The massive growth in the user base is completely organic and without any marketing spending. With this milestone, Funngro has also reached operating profitability.
“We set out with a goal to spread economic empowerment among teenagers and the country’s future. This milestone is a testament to the hard work and dedication of the Funngro team. It also means that we have found the product-market fit, and there is a growing demand for our platform in India,” adds Payal.
Incubated at India’s first fintech incubator, Afthonia Labs, Funngro provides experiential learning opportunities to teenagers who get exposure to the real world. Teenagers learn by working in gigs with real companies and through structured programs. In the process, they earn money and learn to manage their income.