The money would be used to enhance the user experience of the platform and drive expansion into newer and existing markets.
Led by Insitor Partners and participation from Prudent Investment Managers; HROne has raised USD$ 4 million in a Series A round.
HROne focuses on using HRTech to improve the quality of the professional lives of employees. It is a cloud-based HR automation platform that helps companies eliminate mundane and repetitive HR tasks. By simplifying HR operations and driving a top-notch user experience for HRs and employees, this company would use the funds to continue building a comprehensive platform that becomes the go-to solution for every possible HR. It will also be used to drive expansion into newer and existing markets. With this inflow, the company intends to 10x its revenue growth in the next three years.
Karan Jain, Founder of HROne, “We are excited and supercharged with this series A funding from Insitor Partners and Prudent Investment Managers. These are exciting times for HR digital transformation globally. 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. Grateful to our funding partners for recognizing the potential and backing our intent. We thank our customers and employees who have believed in our vision and supported us in crucial times.”
“Companies need to make HR processes and systems less cumbersome and easy so that they can implement their organizational policies. We think HROne, with its unique interface, will help companies achieve this. Moreover, the scalability demonstrated by HROne over the last couple of years clearly indicates that it empowers companies to create a better HR environment. We were very impressed by the engagement of the HROne platform across 900+ customers. Further, it opens multiple future monetization possibilities like embedded finance, integration with insure-techs and workplace commerce players, and much more.”, said Prashasta Seth of, Prudent Investment Managers
Radix Capital Advisors acted as exclusive financial advisors to the company.
