Speaking to TechGraph, Vidyarthi Baddireddy, Co-Founder & CEO of PickMyWork has said, “The relevance of the gig economy has given birth to a new group of people known as “solopreneurs,” who are mostly Millennials and Generation Z’ers who offer their skills to established enterprises in the market.”
TechGraph: Could you help give a sense of how far PickMyWork has come since its existence? From when it began to where it is now?
Vidyarthi Baddireddy: PickMyWork had a solid start since its launch. ‘Ok Credit’ became their first client after the PickMyWork mobile application was released on the Play Store in January 2020.
Initially investing their limited savings, the founders were able to scale PickMyWork to $12 Mn ARR in revenues, enough to keep the show running for another 18 months, largely owing to a good revenue model in place that kept the unit economics positive. In late 2022, SOSV invested in PickMyWork to build India’s largest pay-per-sale distribution network.
At present, the gig platform operates in 210 cities with 300,000 gig workers and merchants as part of its agent network. PickMyWork gig workers have onboarded over 2,50,000 SMBs, and 25+ clients are benefiting from their network.
Read the complete interview: