inFeedo, a New York-based employee engagement platform, raised $12 million in a funding round led by Jungle Ventures, with participation from Tiger Global and existing investors like Bling Capital.
Other investors include Zeta founder Bhavin Turakhia, Sreedhar Peddineni, co-founder Gainsight, entrepreneur and angel investor Ankur Warikoo, and Suman Gopalan, CHRO, Freshworks. This brings the total capital raised by the company to $16 million
With this funding, inFeedo aims to triple its product line, double its team, and accelerate growth in Southeast Asia, the US, and India in the next few years. The startup is currently hiring for over 140 remote roles across all functions, especially marketing, product, engineering, and sales in these regions.
Company: inFeedo Private Limited
Raised: $12.0M
Round: Unknown
Funding Month: March 2022
Lead Investors: Jungle Ventures
Additional Investors: Tiger Global, Bling Capital, Bhavin Turakhia, Sreedhar Peddineni, Ankur Warikoo, and Suman Gopalan
Company Website: https://www.infeedo.ai/
Software Category: Employee engagement platform
About the Company: Founded in 2016 by Tanmaya Jain and Varun Puri, InFeedo is a SaaS-based analytics company that develops an employee engagement platform for enterprises, an all-in-one employee experience platform with people analytics that helps predict attrition, burnout, and disengagement in top talent. inFeedo has developed an artificial intelligence-powered chatbot called Amber that has conversations with remote employees to help chief executives and human resource (HR) leaders measure employee engagement, analyze individual employee and organizational sentiment, predict attrition as well as identify culture, diversity and leadership gaps that often get unnoticed. Currently in Southeast Asia, inFeedo has clients like JD.ID, Tiket, Mediacom, Sunlife, BukuWarung and Aboitiz. Amber speaks to 30,000 employees in Singapore, Malaysia, Indonesia, and the Philippines. The startup currently serves over 175+ people-first enterprises in more than 60 countries, with Amber having over 1.3 million conversations in the last year alone. Its customers include MNCs like Samsung, Xiaomi, and Lenovo, conglomerates like TATA, Godrej, and Bharti, and unicorns like Unacademy, Paytm, and OYO.
Source: https://yourstory.com/2022/03/funding-infeedo-jungle-ventures-tiger-global-employee-startup/amp