INDUSTRY SPOTLIGHT

Gig Economy

Step into the world of the gig economy and stay informed on the latest trends and opportunities to drive growth in this dynamic sector.

Gig economy shatters traditional employment barriers

The gig economy is witnessing a significant transformation, propelled by technological advancements and the rise of flexible work arrangements. Digital platforms, data analytics, and automation drive growth in the gig economy market, fostering a more agile, diverse, and empowered freelance workforce. While the gig economy industry evolves, new opportunities for innovation and market disruption are unveiled. Waveup excels in revealing untapped opportunities in burgeoning and fast-growing sectors, including gig economy, by harnessing market insights to enable our clients to develop and execute proven growth strategies. Our services are grounded in thorough industry analysis, offering all-encompassing assistance in planning and carrying out growth initiatives, from raising capital with a gig economy pitch deck to identifying M&A opportunities and devising market entry strategies. No matter if you’re in search of industry knowledge or looking for personalized support, we are here to help you confidently navigate the ever-evolving Gig Economy arena.

2.5x
The Gig Economy is poised for rapid expansion and is expected to more than double in the next 7 years.

 

80%
Of large corporations plan to increase their use of flexible workers in the coming years.

Empowered by digital platforms, flexible work arrangements, and the evolving workforce
3/5

Leaders are increasingly opting to “rent,” “borrow,” or “share” talent with other companies, driving the full-time workforce down.

84%

A notable 84% of freelancers enjoy their desired lifestyle, compared to just 54% of those employed in conventional jobs.

3x

The growth rate of the gig economy is three times faster than that of the total US workforce.

VENTURE LANDSCAPE

In 2022, gig economy startups attracted over $1.3B in VC funding

 
With the largest deals going to:

  • Ride-Hailing
  • Food Delivery
  • Home Services
  • E-commerce Logistics

Leading gig economy investors

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WAVEUP VIEW

The challenges of gig economy startups

As the gig economy evolves, startups must grapple with issues relating to regulations, worker rights, and market competition.

Navigating regulatory uncertainties

The gig economy services operate in a regulatory grey area, with laws often struggling to keep pace with the rapid growth and changing nature of gig work. This can make it challenging for gig economy startups to ensure compliance and avoid potential legal pitfalls, a factor that can significantly influence investor confidence.

Differentiating in a saturated market

The gig economy is characterized by intense competition, with numerous businesses offering similar services. To attract venture capital, startups need to showcase unique value points or business models that provide a strong competitive moat for long-term growth and profitability.

Ensuring worker satisfaction

Another significant challenge for gig economy startups lies in ensuring the rights and satisfaction of their workers. Balancing the need for flexibility with fair compensation and benefits in the Freelancer Economy is a delicate act and one that can significantly impact a business’s efficiency and scalability.

How we can help

Startups
Fundraising advisory

From diligent business analysis to storytelling and financial forecasts, we’re helping founders crystallize and structure key business fundamentals and translate them into a compelling narrative-wrapped winning energy tech pitch deck.

Investors
Due diligence and portfolio support

Evaluating potential investments, conducting thorough due diligence, and supporting portfolio companies on their new fundraising rounds.

Established companies
Growth hacking

Discovering social commerce market opportunities and developing execution strategies to build actionable and scalable blueprints for growth.

WHO WE ARE

Unlocking your next stage of growth

Waveup is a leading global advisory empowering companies to fuel growth, attract investments, and secure strategic partnerships.

We turn data into business insights that drive results, helping companies excel in the competitive B2C and B2B spaces across 50+ verticals, discovering and catalizing opportunities for growth.

Our investment consulting services for the gig economy

Market intelligence

Fundraising support

Pitch decks

Financial models

Investor research

Growth consulting

Go-to-market strategies

Marketing/sales materials

Design support

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Working on your endeavor in the gig economy sector? We're all ears

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