Overview
campaign deal type
Equity
available equity
13,33%
price per share
1,000
2000
available shares
investment term
5 Years
targeted return
3.8X Money
targeted rate of return
32.36%
Raised
0
Investors
Targeted Return
3.8X Money
Business valuation
ZAR 15,000,000
The Problem
The engineering sector is plagued by significant inefficiencies and high overhead costs associated with project staffing. These inefficiencies include:
- Idle Time: A significant portion of time is wasted when engineers are not fully utilized.
- Overstaffing: Companies often hire more staff than necessary to cover potential future work, leading to increased costs.
- Employee Turnover: High turnover rates further increase costs related to recruiting and training new staff.
Specifically, for every $100 spent on engineering work, $25 to $50 is wasted due to these inefficiencies. This wastefulness has a severe impact on the bottom line, and even a 1% drop-inutilization rates can have a multiplier effect on costs. During periods of low work demand, engineering companies may undergo expensive retrenchment processes, close down business units, or face the threat of shutting down entirely. This problem is a multi-billion-dollar issue globally.
The Solution
Gig Engineer addresses these challenges by offering a platform that connects businesses with the engineering skills they need, precisely when they need them. This project-based engagement model provides several benefits:
- Elimination of Wastage: By engaging resources only on a project basis, companies can avoid the costs associated with idle time, overstaffing, and high employee turnover.
- Skill Matching: Companies can find the best skills to match their specific project needs, improving the quality and efficiency of their work.
- Agility and Sustainability: Businesses become more agile and can respond quickly to changes in market conditions and fluctuating work demands, leading to improved efficiency and profitability.
Gig Engineer leverages the increasing shift towards agile and digital work methods, accelerated by the COVID-19 pandemic, to present a unique opportunity for flexible and efficient collaboration between engineers and businesses. With limited competition, Gig Engineer is well-positioned to pioneer the engineering gig ecosystem and capitalize on global trends.
Kirshen is the founder of Gig Engineer, his passion lies at the intersection of tech entrepreneurship, disruptive innovation, and startups that are changing the world. He is a Process Engineer and MBA graduate with more than 16 years of industry experience in leading engineering projects, technology implementation and entrepreneurship. He is an entrepreneur by nature, having successfully launched Gig Engineer, with a background in supporting and mentoring other tech startup founders in the VC space while being an entrepreneur in residence at Savant Capital. As the founder of Gig Engineer, his focus is on revolutionising business agility, productivity, and sustainability - creating a dynamic platform for engineers and businesses to connect and collaborate in new ways on exciting projects across the world.
Ricardo is a seasoned leader in technology transformation with over 15 years of extensive international experience within the engineering and construction technology sector. Armed with a master's degree in engineering and an MBA, Ricardo has honed his expertise through diverse roles in Europe, Africa, and the Middle East, spanning both corporate giants and innovative startups. Throughout his career, Ricardo has been driven by a fervent commitment to revolutionize the engineering landscape through the integration of cutting-edge digital technologies. His passion lies in harnessing the power of new digital innovations to drive efficiency and decentralize operations within the engineering realm. As a co-founder of Gig Engineer, Ricardo brings a wealth of knowledge and a proven track record of leadership in spearheading technological advancements. His strategic vision coupled with his hands-on experience positions him as a catalyst for transformative change within the industry. Ricardo is dedicated to leveraging his skills and expertise to make a profound impact on the engineering world, paving the way for a future defined by innovation and progress.
Khilen is a seasoned leader with over 16 years of strategic expertise in operations, specializing in end-to-end product development across engineering and manufacturing. With a robust background in IT, financial analysis, and operational management, Khilen holds qualifications including an MBA and PMP certification. Throughout his career, he has led transformative programs resulting in significant OPEX reductions and implemented innovative RPA solutions. As a co-founder of Gig Engineer, Khilen is passionate about embracing the gig economy model and digital strategies. He excels in designing user-centric operational journeys and driving operational excellence and user traction. With a proven track record of success in consultancy and program management for global clients, Khilen is a trusted management partner known for delivering exceptional results across diverse sectors.
The Team
Raised
ZAR
0
Targeted Return
3.8X Money
Business valuation
ZAR 15,000,000
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