ZingHR has raised $10million from Tata Capital Funds. With this investment, Tata Capital’s private equity arm will own a 33% stake in the company. The startup raised $12 million in funding.
“We are thrilled to announce that we have bagged $10 million funding from Tata Capital Funds. At the same time, we are glad to partner with them in our journey to redefine organizational outcomes through the use of cutting-edge technology. We have clocked phenomenal growth in the past few months and this funding will further bolster our efforts to expand our footprints across the globe,” said Prasad Rajappan, founder and CEO of ZingHR.
ZingHR offers a range of solutions that help end-to-end processes in HR through Artificial Intelligence, Machine and Deep Learning algorithms, which helps improve employee performance and drives process efficiency in recruitment, offers ease of leave, attendance, payroll, and claim management.
The funds will be used for expansion into global markets, upgrading technology and scaling up its talent pool. The company is already present in Australia, southeast Asia and the Middle East and is now looking to expand to Europe, more countries in the Middle East, North Africa and the US.
Announcement: ZingHR Raises $10M for HCM Platform