Zimyo, which operates a software-as-a-service (SaaS) platform for human resource management, raised around Rs 17 crore from business-to-business (B2B) marketplace IndiaMART Intermesh Ltd.
India is home to one of the world’s youngest populations, which by 2050 is expected to account for over 18% of the global working population,” said Kumar Mayank, CEO of Zimyo. “Millions of employees of the small and mid-size businesses, which form over 45% of this working population are forced to choose between paper or HR solutions that aren’t designed for them. Zimyo wishes to bridge the gap. We want to be the go-to HR Platform that both the SMB and the employee chooses for meeting its HR and benefits’ needs”, He added.
Zimyo offers a SaaS-based human resource management software for businesses. It allows users to carry out critical HR processes including recruitment and onboarding, payroll management, performance management, and time and attendance management
Announcement: Zimyo Raises Rs17 Crore for HCM Suite