Mumbai, NFAPost: HROne, India’s Leading HRTech SaaS startup, has raised $4 million in a Series A round led by Insitor Partners and participation from Prudent Investment Managers. Mumbai-based investment bank Radix Capital Advisors acted as exclusive financial advisors to the company.
Founded in 2016 by Karan Jain, HROne is on a mission to use HRTech to improve the quality of professional lives of employees and help them accomplish more at their workplaces. HROne is a cloud-based HR automation platform that helps companies eliminate mundane and repetitive HR tasks. By automating 80+ processes, HROne has simplified HR operations and driven a top-notch user experience for HRs and employees.
In the HRTech market, low product adoption and poor user experience leave most organizations dissatisfied with their investments. To overcome this challenge, HROne has built a collaborative interface InboxForHRTM , that enables HRs close 125+ unique tasks in less than three clicks.
The startup has seen a tremendous upsurge in product adoption and user experience with this innovation. Karan and the team are bullish on delivering more innovations to meet the emerging needs of digital workplaces.
Powered by its strong HR domain expertise and digital technologies capabilities, the startup has established a firm footing in the HRTech market. The company has successfully bootstrapped its way since inception and has scaled its revenues to 8x in a mere span of three years, catering to 900+ customers.
With the fundraising, HROne will focus on building a comprehensive platform that becomes the go-to solution for every possible HR need in the modern-day workplace. Further, the company will use the funds to drive expansion into newer and existing markets. With this inflow, the company intends to 10x its revenue growth in the next three years.
Talking about the funding, HROne Founder Karan Jain said the company is 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,” said HROne Founder Karan Jain.
Expressing his gratitude to funding partners for recognising the potential and backing the company’s intent, HROne Founder Karan Jain further affirmed that HROne thank customers and employees who have believed in its vision and supported in crucial times.
Impact investment firm Insitor Partners Nicholas Lazos said HROne is leveraging technology to drive a transformational impact on the formalisation of the Indian blue-collar economy.
“HROne, a comprehensive cloud-based HR automation platform, improves the well-being, loyalty, and productivity of the workforce in the most capital-efficient, scalable, and sustainable way while helping organizations in their productivity and efficiency improvements. Karan and his team combine world-class product capabilities with a unique understanding of HR practices in India to provide a compelling value proposition to its clients. We are incredibly excited to partner with the team to solve for inefficiencies in the livelihood space,” said Insitor Partners Nicholas Lazos.
Prudent Investment Manager Prashasta Seth said 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 Prudent Investment Manager Prashasta Seth.
