Noida-based HR tech startup HROne has raised $4 million in a Series A funding round led by Insitor Partners, with participation from Prudent Investment Managers. The startup will use the raised funds to drive expansion into newer and existing markets.
Founded in 2016 by Karan Jain, HROne automates HR processes, simplifies human interactions and delivers actionable insights to build better workplaces. The startup said it improves the quality of HR professionals by automating and eliminating more than 80 repetitive and mundane tasks.
Its unique proposition includes its InboxForHR interface that enables human resource professionals to perform over 125 tasks in less than three clicks. HROne said this has helped the startup improve its product adoption and user experience.
“We are excited and supercharged with this series A funding from Insitor Partners and Prudent Investment Managers. We are in a hyper-growth phase of the Indian HRTech market, and we will expand into international markets in the near future. Grateful to our funding partners for recognizing the potential and backing our intent,” said Karan Jain.
The startup also claims to have scaled its revenue by 8x in the last three years while catering to more than 900 customers. It aims to increase its revenue by 10x in the next three years.
Nicholas Lazos, Co-founder & CIO of Insitor Partners, said, “HROne is leveraging technology to drive a transformational impact on the formalization of the Indian blue-collar economy. The startup improves well-being, loyalty, and productivity of the workforce in the most capital-efficient, scalable, and sustainable way while helping organizations in their productivity and efficiency improvements.”
Source @Indianstartupnews
