Timbuckdo Secures INR 2 Crore Seed Funding from US Angel Investors
Timbuckdo, an innovative platform designed to connect students with part-time gig opportunities, has raised INR 2 crore in seed funding from US-based angel investors Morton Meyerson and Nandkishore (Andy) Kalambi.
Founded by Mythri Kumar and Apoorv Sharma Prasad, Timbuckdo aims to bridge the gap between students seeking flexible employment and businesses in need of part-time support by leveraging AI and technology. The platform’s mission aligns with the demographic landscape of India, where over 50% of the population is under the age of 25.
“With over 50% of India’s population under the age of 25, it’s crucial to harness their potential and empower them with relevant opportunities,” said co-founders Mythri Kumar and Apoorv Sharma Prasad. “The part-time job market is experiencing significant growth, with a 30% increase in opportunities over the past year alone. At Timbuckdo, we are committed to providing flexible and meaningful employment to the younger generation and thereby drive economic growth.”
Nandkishore (Andy) Kalambi, an investor with over 25 years of executive leadership experience in enterprise technology solutions, expressed his enthusiasm for the venture. Currently focusing on applying AI for Nature and Business through Kanu Ventures, Kalambi said, “The future of work is gig, and Timbuckdo is building the next-generation workforce for the world by catching them young and providing real-world work exposure through various part-time jobs. My lifelong passion for inclusive innovation aligns perfectly with Timbuckdo’s mission to create a flexible and supportive work environment for students.”
Joining Kalambi in this investment is Morton Meyerson, former Chief Technology Officer at General Motors and retired President and Vice-Chairman of Electronic Data Systems (EDS). Meyerson, who has had a long association with India, remarked, “I believe in the idea of Timbuckdo, and I am confident it will become one of my most promising investments. The platform has the potential to transform the gig economy for students and create significant opportunities. I am also delighted to team with Andy for our first joint investment in India.”
With the backing of its new investors, Timbuckdo is well-positioned to enhance its platform and expand its reach to students across the country. “Their belief in our vision of creating a dynamic gig portal for student part-timers underscores the growing importance of flexible work solutions in the modern economy. With their support, we are well-positioned to enhance our platform and expand our reach to students across the country,” added the co-founders.
The investment marks a significant milestone for Timbuckdo, as it continues to drive innovation and growth in India’s burgeoning gig economy.
