“With a phenomenal response from over a 100+ HR Heads across the country, we’ve reached a stage where we’re almost unable to deal with the incoming interest. We are currently living with 16+ companies and are on track to touch more than 10,000 paid users by the end of the year 2016,” said Jain.Earlier, the company had raised an undisclosed amount of funding in 2016 in an angel round with a participation from a UK-based hedge fund.
startup has raised $200,000 from a group of investors led by Dheeraj Jain, Managing Partner, Redcliffe Capital and Anupam Mittal, CEO, Shaadi.com. The company states that it will use these funds to increase scale and meet growing demands in India as well as hit the international market in 2017. Ameera Shah, CEO, Metropolis; Vivek Bhargava, Group CEO, DAN Performance; Rahul Singh, CEO, Beer Cafe; and Ambarish Gupta, CEO, Knowlarity also participated in the round. inFeedo claims to help HR automate the collection of feedback and focus on actionable insights rather than building reports. The company also recently launched their chatbot called Amber which focuses on obtaining employees feedback to generate culture reports for the Human Resource department. Tanmaya Jain, Founder, inFeedo said that the investment further validates the disruption in HR analytics and employee engagement but they require the funds to deal with the scale.
Subscribe to our newsletter
Get the latest posts delivered right to your inbox.