inFeedo, a SaaS-based people analytics startup, announced that it has raised $700,000 financing from Y Combinator, a Silicon Valley-based startup incubator.
“Our main aim to fundraise during the pandemic was to double down in South-East Asia and build a leadership team that helps customers remotely connect with their employees better and come out of Covid-19 stronger than before,” says inFeedo founder and chief executive Tanmaya Jain.
inFeedo plans to use the freshly raised funds to double down on hiring and fill up key management roles including that of a COO, CMO and CTO. The SaaS startup plans to expand its customer base, to generate revenue worth $10 million.
Going forward, the startup plans to introduce improved capabilities to engage remote workforces, leadership and manager effectiveness, and ability to run pulse surveys.