News: HROne raises $4 million in Series A round from Insitor Partners & Prudent Investment Managers

Funding & Investment

HROne raises $4 million in Series A round from Insitor Partners & Prudent Investment Managers

HROne is an HR automation platform that is cloud-based and helps companies eliminate mundane and repetitive HR tasks.
HROne raises $4 million in Series A round from Insitor Partners & Prudent Investment Managers

HROne, a Leading HRTech SaaS Startup, has raised $4 million in a Series A round led by Insitor Partners and participation from Prudent Investment Managers. Radix Capital Advisors, a Mumbai-based investment bank, acted as financial advisors to the company.

Founded in 2016 by Karan Jain, HROne is an HR automation platform that is cloud-based and helps companies eliminate mundane and repetitive HR tasks. It uses HR technology as a means of enhancing the quality of employees’ professional lives, helping them accomplish more at their workplaces.

A major challenge in the HR technology market has been low product adoption as well as poor user experience, leaving many organizations dissatisfied with their investments. To overcome this challenge, HROne has built a collaborative interface that enables HRs to close over 125 unique tasks in less than three clicks. 

With the fundraising, HROne will focus on building a comprehensive platform that becomes the go-to solution for every possible HR need in the modern-day workplace. Further, the company will use the funds to drive expansion into newer and existing markets. With this inflow, the company intends to 10x its revenue growth in the next three years. 

“We are excited about this series A funding from Insitor Partners and Prudent Investment Managers. We aim to use this capital to grow our product capabilities, expand into newer markets, invest in our talent pool and drive a superior customer experience,” founder Karan Jain said.  

“HROne is leveraging technology to drive a transformational impact on the formalization of the Indian blue-collar economy. We are incredibly excited to partner with the team to solve for inefficiencies in the livelihood space", said Nicholas Lazos of Insitor Partners, an impact investment firm. 

“Companies need to make HR processes and systems less cumbersome and easy so that they can implement their organizational policies.The scalability demonstrated by HROne over the last couple of years clearly indicates that it empowers companies to create a better HR environment,” said Prashasta Seth of Prudent Investment Managers.

Read full story

Topics: Funding & Investment

Did you find this story helpful?

Author

QUICK POLL

What is your top focus area for reinventing work in the hybrid world of work?

How can we prepare for a challenging 2023?

READ our latest issue for tips and suggestions.