HR TECH startup market is booming.
The global human resource technology market is projected to grow from $24.04 billion in 2021 to $35.68 billion in 2028 at a CAGR of 5.8% in the forecast period.
Employee experience is a key metric for organisations globally.
With the rise of HRTech startups in the market, this is taken care of.
One such name is inFeedo.
Founded in 2016 by Tanmaya Jain and Varun Puri, US-headquartered inFeedo is Asia’s leading employee experience platform that helps engage employees, predict attrition & answer FAQs with conversational AI that people love.
Their proprietary AI bot called Amber acts as a Chief Listening Officer to the CEO, and helps people-first leaders find hidden gaps in their culture, managers and wellbeing in real time.
The company’s vision is to make the voice of 100 million employees heard & valued. They aim to help enterprises build cultures where people love to come to work.
Currently inFeedo serves over 175+ people-first enterprises in more than 60 countries, with Amber having over 1.3 million conversations in the last year alone.
Their customers include MNCs like Samsung, Xiaomi, Lenovo, conglomerates like TATA, Godrej, Bharti and unicorns like Unacademy, Paytm, OYO.
Recently, the company raised $12 million in Series A funding led by Jungle Ventures and Tiger Global. The round also saw participation from existing investors Bling Capital.
Other investors to join the round include Bhavin Turakhia (Founder of Zeta), Sreedhar Peddineni, Co-founder Gainsight, Suman Gopalan, CHRO Freshworks, and Ankur Warikoo.
Upon raising this investment, Tanmaya said:
“This milestone isn’t about our Series A, it’s about our A game. It’s about surrounding ourselves with A players who share our vision of helping enterprises build work cultures that people love. ❤️
Super grateful to every single customer and inFolk for inspiring us to raise the bar. To give our heart and soul every single day. ????”
The company will use the funds to triple its product line, double its team, and accelerate growth in Southeast Asia, the US, and India in the next few years.
The startup is actively hiring for over 140 remote roles across all functions, especially marketing, product, engineering, and sales in these regions.
John Curtius, Partner at Tiger Global recently said, “We are excited to partner with Tanmaya and the inFeedo team. We believe they will be a leader in the employee listening market.”
Since its inception, inFeedo has raised a total capital of $16M.
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