HROne, a New Delhi, India-based HRtech startup that provides an HR automation platform, raised $4 million in a Series A round of funding.
Insitor Partners led the round with participation from Prudent Investment Managers.
The startup will use the raised funds to expand into new and existing markets, aiming to increase its revenue by 10x in the next three years.
“We are excited and supercharged with this series A funding from Insitor Partners and Prudent Investment Managers. We are in a hyper-growth phase of the Indian HRTech market, and we will expand into international markets in the near future. Grateful to our funding partners for recognizing the potential and backing our intent,” said Karan Jain, Founder of HROne.
Company: Uneecops Workplace Solutions Pvt. Ltd.
Raised: $4.0M
Round: Series A
Funding Month: October 2022
Lead Investors: Insitor Partners
Additional Investors: Prudent Investment Managers
Company Website: https://hrone.cloud/
Software Category: HR Management Software
About the Company: Founded in 2016 by Karan Jain with the vision to simplify and automate the HR functions, struggling with the age-old manual and cumbersome HR processes. HROne is a human resources management software that brings simplified HR solutions to companies. HROne automates HR processes, simplifies human interactions, and delivers actionable insights to build better workplaces. HROne’s mission is to improve the quality of professional lives by helping HRs and employees derive work fulfillment.
Source: https://indianstartupnews.com/news/hr-tech-startup-hrone-raises-4m-in-a-series-a-round/