HR analytics startup inFeedo raises undisclosed funds
inFeedo, an employee engagement HR analytics platform has raised an undisclosed amount of funding. The round was led by Dheeraj Jain, partner of UK-based hedge fund Redcliffe Capital and former Google India Operations Head, and Palash Jain.
The company plans to use the funds for international expansion, invest in technology and human resources. “We have heard stellar feedback from their (inFeedo’s) clients on how they have arrested attrition and helped boost employee productivity. It’s efficient SaaS (software as a service) model will enable them to manage culture in organisations across the globe,” said Dheeraj, Managing Partner at Redcliffe Capital.
Focusing on employee engagement, inFeedo's new chatbot Amber is being used in companies like MakeMyTrip, PayU, Lava Mobile, Knowlarity, RedBus and Nearbuy.
Founded in 2013 by Tanmaya Jain and Varun Puri, inFeedo operates by providing chatbot software as SaaS to other businesses. The chatbot called Amber “talks to employees at specific intervals in their lifecycle (of the job) and based on their chats, auto generate culture reports for HR (human resource) leaders to proactively meet those who’re unhappy, facing troubles or about to leave”, said the company.
By the end of 2016, inFeedo aims to touch more than 10,000 paid users and is looking to partner with more business to business HR companies.