Indian startup Timbuckdo raises seed funding of USD 238K from angel investors Morton Meyerson and Nandkishore Kalambi

An emerging gig economy firm, Timbuckdo in Bangalore has received seed capital of USD 238,878 (INR 2 crore) from two US-based angel investors, Morton Meyerson and Nandkishore (Andy) Kalambi. This funding may be considered a turning point for Timbuckdo, as it plans to transform the current ‘student gig economy’ through the usage of sophisticated technology and artificial intelligence. 

Bridging the Gap

Founded by Mythri Kumar and Apoorv Sharma Prasad, Timbuckdo is an original web solution aimed at bridging students and available part-time jobs. The social relevance of the startup lies in the fact that current students often need flexible employment that should not interfere with their academic schedules and at the same time provide them with some valuable experience. As a mediator between students in search of flexible work schedules and companies that require part-time assistance, Timbuckdo is well-equipped to revolutionize the gig economy.

As for Timbuckdo, they said it was another concept that stemmed from their experience. Inspiration for the Timbuckdo game came from Myhtri Kumar who is the Chief Executive Officer of the company after a friend called him in a state of panic looking for a constructive way to interact with her teenage child. This, alongside witnessing her brother working in the capacity of a delivery executive during his summer vacations, made her realize the value of part-time employment for students and the vast changes that could occur in the course of their lives.

Introduction of Student GPT

New from Timbuckdo is the “Student GPT,” a revolutionary tool that will help students, from the futuristic Timbuckdo city. Student GPT should assist students in learning about time management, how to make money and talent acquisition while also improving employment opportunities. This tool shall prove vital in anticipating the students for the future workforce by enabling them to acquire the necessary skills and knowledge that will enable them to work effectively. 

The Investors Behind Timbuckdo

The seed funding round was initiated by two prominent angel investors namely Morton Meyerson and Nandkishore (Andy) Kalambi. Meyerson, a former Chief Technology Officer at General Motors and retired President and Vice-Chairman of Electronic Data Systems (EDS) has the experience in his pocket. He has a very long connection to India especially after establishing HCL-Perot and developing the organization at a speedy pace. Michael Dell and Mark Cuban are other luminaries that Meyerson has mentored, making him an asset in the operations of Timbuckdo.

Kalambi, on the other hand, has more than 25 years of executive leadership roles in the management of enterprise technology solutions in various regions. He has shown remarkable experience implementing and growing new technologies with such titans as Siemens, SAP, and Dassault Systèmes. At the moment, he operates Kanu Ventures where he harnesses his knowledge and skills in the utilization of AI for nature and business. 

Future Prospects

The promise of flexible and meaningful work for the younger generation represents the goal of the startup, which is connected to the trend of increased part-time employment. The market for part-time jobs has grown over the past year and there are already 30% more places available in the market. India’s population is more than 50% of youth below the age of 25 and our focus on providing relevant opportunities to students makes our startup valuable. 

Conclusion

The completion of the seed funding round for Timbuckdo is a victory for the company achieving the goal of transforming the student gig economy in India. Morton Meyerson and Nandkishore Kalambi are excellent investors, hence with their support, Timbuckdo is geared for expansion and efficiency. With regular upgrades of its platform and increasing outreach, the startup is destined to make a profound impact on the gig economy and the lives of students in India.