Zimyo Raises Seed Funding of $1.5M/Rs 11 cr

Gurugram-based Zimyo, which operates an eponymous human resources-technology startup, has raised around $1.5M or Rs 11 crore as seed funding from Singapore-based Beenext. Other participants in this round include Yatra Angel Network and AngelList, as well as angel investors such as Abhishant Pant and Navin Surya.
Kumar Mayank, Co-Founder and CEO at Zimyo said, “We are thrilled to see great adoption of our core HR software and payroll platform mostly through word of mouth and client referral. Our financial benefits products are seeing good early traction especially in times of need.”
Founded by Kumar Mayank and Ajay Kadyan, around two years back, Zimyo operates in the HR management software space, covering talent acquisition, employee self-service, payroll administration, performance monitoring and expense recording.
Zimyo will use the fund to expand its business. It will beef up the team and also strengthen its technological infrastructure.funding from Singapore-based Beenext