TimBuckDo Secures INR 2 Crore Seed Funding from Global Tech Leaders

Bengaluru –10th July 2024– TimBuckDo, pioneers in the student gig economy, is thrilled to announce that it has successfully raised seed funding of INR 2,00,00,000 (Two Crores) from two illustrious US-based angel investors: Morton Meyerson and Nandkishore (Andy) Kalambi. Founded by Mythri Kumar and Apoorv Sharma Prasad, TimBuckDo is an innovative platform designed to connect students with part-time gig opportunities, bridging the gap between students seeking flexible employment and businesses in need of part-time support. By leveraging AI & technology to match students with suitable gigs, TimBuckDo aims to empower the next generation of workers with opportunities that fit their schedules and skill sets.

Mythri and Apoorv - Founders

“With over 50% of India’s population under the age of 25, it’s crucial to harness their potential and empower them relevant opportunities. 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 provide flexible and meaningful employment to the younger generation and thereby drive economic growth,” said Mythri Kumar & Apoorv Sharma Prasad, Co-founders of TimBuckDo. Thrilled to have Nandkishore Kalambi and Morton Meyerson on board as investors and advisors in their journey, they further added, “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.”

Nandkishore Kalambi, with over 25 years of executive leadership experience in managing enterprise technology solutions across multiple geographies, brings a proven track record of introducing and rapidly scaling new technologies with industry giants like Siemens, SAP, and Dassault Systèmes. Currently, through Kanu Ventures, Andy focuses on applying his knowledge and expertise to the application of AI for Nature and Business.

“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,” said Nandkishore Kalambi, whose lifelong passion for inclusive innovation aligns perfectly with TimBuckDo’s mission to create a flexible and supportive work environment for students.

Joining Kalambi is Morton Meyerson, former Chief Technology Officer at General Motors and retired President and Vice-Chairman of Electronic Data Systems (EDS). He was also the Chair, President and CEO of Perot Systems for 5 years when he grew the revenue 10x and transformed it into a highly profitable operation. Meyerson has had a long association with India having set up HCL-Perot and grew it rapidly from inception to over 13,000 employees before selling the business entirely to HCL. He played a pivotal role in mentoring Michael Dell during the early years of Dell Computer and was a principal investor and mentor to Mark Cuban at Broadcast.com.

“I believe in the idea of TimBuckDo and I am confident it will become one of my most promising investments,” said Morton Meyerson. “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.”