Total amount raised
$58.6 Million
Latest funding date
11/1/2022
Location
Keka HR has successfully raised funding over two rounds, with the latest being a Series A round. The investors backing this HR technology platform include WestBridge Capital and Recur Club.
Keep reading to explore the intricacies of Keka HR's fundraising journey and the investors supporting this innovative platform.
What Is Keka HR?
Keka HR is a private company based in Hyderabad, Telangana, India, specializing in HR technology solutions. The company primarily serves small and medium-sized enterprises (SMEs) with tools for payroll, recruiting, leave and attendance, and performance management.
Founded to address the HR needs of SMEs, Keka HR has grown to employ between 501 and 1000 people. The company operates in various industries, including Human Resources, Information Technology, Recruiting, and SaaS.
How Much Funding Has Keka HR Raised?
- Series A
- Amount Raised: USD 57,000,000
- Date: November 2022
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations, enhance product offerings, and expand market reach.
- Non-Equity Assistance
- Amount Raised: USD 1,600,000
- Date: December 2021
- Lead Investors: Recur Club
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund growth and customer acquisition by investing in marketing and sales.
Total Amount Raised: USD 58,600,000. Current Valuation: Not publicly disclosed.
Key Investors
- WestBridge Capital
- Details: WestBridge Capital is a leading investment firm that focuses on investing in high-growth companies in India. They have a strong track record of supporting businesses through various stages of growth.
- Investment Focus Areas: Technology, Financial Services, Consumer, Healthcare
- Notable Investments: Keka HR, PolicyBazaar, OYO Rooms
- Recur Club
- Details: Recur Club is a subscription-based financing platform that allows companies to raise non-dilutive growth capital by trading their recurring revenue contracts. They provide a faster and more efficient way to access funds compared to traditional financing methods.
- Investment Focus Areas: Recurring Revenue Models, SaaS, Subscription-Based Businesses
- Notable Investments: Keka HR
What's Next for Keka HR?
As Keka HR continues to grow, the opportunities ahead are vast. The company is poised to leverage its recent capital infusion to expand its customer base and enhance its product offerings. By investing in marketing and sales, Keka HR aims to solidify its position in the competitive HR tech market.
Future fundraising opportunities appear promising, especially with platforms like Recur Club offering non-dilutive growth capital. This efficient and fast method of raising funds could be a game-changer for Keka HR, allowing it to scale operations without the burden of equity dilution or restrictive debt.
However, challenges remain. The HR tech industry is rapidly evolving, and Keka HR must continuously innovate to stay ahead. Competition from other platforms and the need to adapt to changing trends will be critical factors in their journey. Despite these hurdles, Keka HR's strategic approach and strong financial backing position it well for future success.
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