News: inFeedo raises $700,000 funding

HR Technology

inFeedo raises $700,000 funding

The company had raised an undisclosed amount of funding in December 2016. The round was led by Dheeraj Jain, partner of UK-based hedge fund Redcliffe Capital and former Google India Operations Head, and Palash Jain.
inFeedo raises $700,000 funding

inFeedo, an employee engagement HR analytics platform has raised $700,000 financing from Y Combinator, a Silicon Valley-based startup incubator.

According to an ET report the angel investors such as Innov8 founder Dr. Ritesh Malik, Lenskart Cofounder Peyush Bansal, former Facebook Director Anand Chandrashekharan, Cisco's Vinod Muthukrishnan, Inventus Law founder Anil Advani, and Kwench founder Sunder Nookala also participated in the funding round along with 100x Entrepreneur Fund that led an oversubscribed syndicate via LetsVenture.

Commenting on the development, Founder and CEO of the company, Tanmay Jain said, "Our main aim to fundraise during the pandemic was to double down in South-East Asia and build a leadership team that helps customers remotely connect with their employees better and comes out of Covid-19 stronger than before. 

It can be recalled that the company had raised an undisclosed amount of funding in December 2016. The round was led by Dheeraj Jain, partner of UK-based hedge fund Redcliffe Capital and former Google India Operations Head, and Palash Jain. 

Founded in 2013 by Tanmaya Jain and Varun Puri, inFeedo operates by providing chatbot software as SaaS to other businesses

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Topics: HR Technology, #FundingAndInvestment

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