ZingHR increases $10 Mn from Tata Capital Growth Fund
Cloud-tech HR venture ZingHR has raised $10 Million from Tata Capital Funds. It is giving the latter a 33% stake in the company.
The company plans to use the funding for expansion into more global markets, upgrade technology and scale up its talent pool.
“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 organisational 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& CEO, ZingHR.
ZingHR was also recently featured among Asia’s Top Ten Human Capital Management Suites in the Gartner study. The development comes as ZingHR looks to scale its presence globally.
"We believe the adoption of SaaS-based processes will decide future winners as businesses go digital. Zing HR's SaaS solution is robust, nimble and adopted by marquee customers," said Akhil Awasthi, managing partner – Tata Capital Growth Fund.
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.