Employment agency RecruitGiant Limited is the new owner of Gremer Limited, the company that operates Maltese gig booking app Gigify, following the completion of the transaction on Friday.
Set up in 2020, Gigify is the first on-demand services platform in Malta, allowing customers to access freelancers for home or professional jobs. Over the past two years, the platform has grown to hundreds of gig workers and a customer base of over 8,000 clients.
Having identified the synergies between their existing business and Gigify, all existing shareholders - MS Mercieca Holdings, Super Estates Limited, SG Solutions, and GO Ventures - have sold 100 per cent of Gremer Limited to Recruit Giant, which will now own and operate the business independently.
Speaking to WhosWho.mt, Rutvik Deepak, formerly Gigify CEO, who led the start-up’s investors to their exit, was pleased to share that its “investors and team are proud to have taken Gigify from a concept to a thriving tech business model that is now ready to be deeply accelerated by industry specialists”.
“We are very proud of the work that we have done with Gigify,” Co-Founder Michael Mercieca said.
“Through this platform we made it easier than ever before for people to find the services they require whilst we gave individuals the opportunity to discover the benefits of freelance work. Having worked so hard to grow the idea into a thriving business, we felt it now needed the focus of an experienced player in the field to fulfil its potential,” Mr Mercieca explained.
RecruitGiant CEO Tomas Mikalauskas said that Gigify has been “a great example of a Malta-born start-up that is helping our economy evolve to meet the needs of companies and individuals seeking to maximise opportunities efficiently”.
“RecruitGiant has led the way in developing professional multinational recruitment in Malta and we look forward to combining our expertise and resources with Gremer Ltd’s to drive the next stage of growth in the human resources sector,” Mr Mikalauskas added.
The gig economy has well and truly taken off, with people worldwide transitioning to gig work, allowing them to act as their own boss and take on freelance jobs directly from the market. It has also created a newfound flexibility for consumers, with common applications being home services such as cleaning and repairs, but it is also being widely used for behind-the-desk office work done by digital nomads.