News: HR tech platform Keka HR raises $ 1.6 million funding

HR Technology

HR tech platform Keka HR raises $ 1.6 million funding

Keka will use the funds for growth and customer acquisition by investing in marketing and sales, the company said in a statement.
HR tech platform Keka HR raises $ 1.6 million funding

HR tech platform Keka HR has acquired$ 1.6 Mn funding which amounts to about 12 crores INR. The round was led by Recur Club, a subscription based financial services platform.

Commenting  on the funding, Keka HR CEO Vijay Yalamanchili said that the promise of a subscription-based financing that doesn't dilute equity was a no brainer. 

Vijay added, “Non-dilutive funding will become the norm for bootstrapped SaaS companies the world over! SaaS founders should focus on building Awesome experiences and not run after investment rounds. Most importantly, we were able to raise funds without any collateral which generally makes it impossible for entrepreneurs to raise any money in early stages."

Earlier in August, Keka HR announced that it would hire 200 new employees. The company announced that apart from tech-related roles, several non-tech jobs will be filled up, including across different departments like product, customer success, sales, HR and more. The approximate number of hires to be made till FY 2022 in different categories are as follows-Sales- 40, Tech- 60, Customer Service- 60, and Other departments- 40. 

Read full story

Topics: HR Technology, #FundingAndInvestment

Did you find this story helpful?

Author

QUICK POLL

What are the top work tech investment focus areas for your company currently?

2 months free subscription
q_auto,f_auto/v1639994115/mag-december-2021.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

2022 is around the corner: what is next for the world of work?

READ the December 2021 issue to find out what global leaders and thinkers predict