HRtech startup HROne has raised $4 million in a Series A funding round led by Insitor Partners. Prudent Investment Managers has also participated in the funding round. Investment bank Radix Capital Advisors was the financial advisor to HROne.
The firm intends to use the funds to build its tech platform and expand into new as well as existing markets. It will also deploy capital to introduce new offerings, hire talent and improve customer experience. According to the startup, HROne will use the funds to scale its revenue by 10x in the next three years.
“We aim to use this capital to grow our product capabilities, expand into newer markets, invest in our talent pool and drive a superior customer experience. We are in the hyper-growth phase in the Indian HRTech market, and we will expand into international markets in the near future,” said Karan Jain, Founder, HROne.
Start your day, the smart way!
1 Mail | 2 Minutes | 3 Stories