HRTech Startup Keka secures $57Mn From WestBridge Capital – Start-Up Hyderabad
Loading Startup Hyderabad

HRTech Startup Keka secures $57Mn From WestBridge Capital

 1 year ago    

Raising India’s largest SaaS Series A funding round yet, Keka secured $57Mn from WestBridge Capital on 9th November 2022. With a vision to build a world-class product in India, Keka will be pushing these funds toward R&D.

Keka secures $57Mn

What began in 2016, bootstrapped by Vijay Yalamanchili has finally secured funding putting Keka on a new journey. Keka is an employee-centric HR platform that intends to simplify HR processes such as payroll, recruiting, leave and attendance, and performance management. Targeting SMEs with a headcount between 50 and 2,000, Keka also lets businesses track employee data and gain insights.

Another Hyderabad-based HR Tech Unicorn You Should Read About- DarwinBox Secures $4Mn from Microsoft

In 2021, Keka crossed the 5500-customer landmark, and today generates a payroll of more than 1.5 million employees every month. Apart from automating HR functions, Keka aims to redefine the employee experience through its automation-driven HRMS platform. Keka has a customer base across various sectors, including IT services, pharmaceuticals, manufacturing, professional service organizations, accounting, taxation, and fin-tech.

Vijay Yalamanchili, CEO of Keka, said, “Business today means serving both customers and employees. While there have been plenty of tools to cover the customer experience, employee experience has taken a back seat. Businesses can no longer afford to do that. We want to help organizations focus better on their core asset – the employees.”

Having been bootstrapped until 2022, Vijay believes this funding round has come at the right time. These funds will go primarily towards R&D and expanding the engineering, product, and customer success teams. In the press release, Vijay counts WestBridge as the right investor with a long-term vision in the HR Tech space, he says; “Moreover, it was not just about securing funding, but also a validation of the startup’s ideas and approach in a world where many funded businesses are struggling to survive.”

Rishit Desai, Principal at Westbridge Capital, said, “We align with Keka’s vision to build the best mid-market-focused global HR Tech Platform that will allow companies around the world to modernize their HR processes. We are very excited about Keka’s potential and look forward to a long partnership with the company.”

Comments

comments

I am an avid reader and have a passion for writing. Being a law student coming from a commerce background, I have a flair for learning about the dynamic legal and business fraternity, as well as becoming an entrepreneur myself. Innovation, creativity, and hard work are the sole drivers to growth and is my mantra for life.

OUR BLOGGERS

  • Saptarshi Roy Chaudhury

  • Neeha Jayaram

  • Dhivya

  • Saloni Anand

  • Neha Mohsin

  • Soumalya Chakraborty

  • Ruchika Agarwal

  • Ramesh Loganathan

  • Nikita Kiran

  • Ayyappa Nagubandi

  • Ayushi Pandey

  • Harshita Goel

  • Chandra Mouli Koduri

  • Arpita Soma

  • Maddy Anand

  • Ankur Mehta

  • Varun Rastogi

  • Srinivas Aki

  • Monika Guwalani

  • Rahul Das

  • Saritha Keshamoni

  • Nischala Agnihotri

  • Sameeksha Bansal

  • Sreekar Reddy

  • Divya Jyothi

  • Vineel Reddy Pindi

  • Vinita Surana

  • Priyanka Mechineni

  • Sravya Gowrisetty

  • Sruthi Malla

  • Anish Tadimarri

  • Tata Teja

  • Amita Sood

  • Ramya Sayaboni

  • Vana Korrapati

  • Surya Vallae

  • Ambika Asta

  • Madhureema RoyMoulik

  • Gunajit Haloi

  • Bhavitaavya Dharanikota

  • GR Reddy

  • Manoj Surya

  • Shravani Maddirala

  • Ravi Vaka

  • Rituka M

  • Nethrikaa Greeshma

image title here

Some title