ZingHR, a Mumbai, India-based Microsoft-accelerated HRtech startup, raised $10 million in funding from Tata Capital Growth Fund II, the flagship private equity fund of Tata Capital.
The company plans to use the investment for geographic expansion, technology up-gradation, and to strengthen the company’s outreach to the right talent.
Company: Zinghr Techno India Private Limited
Raised: $10.0M
Round: unknown
Funding Month: January 2022
Lead Investors: Tata Capital Growth Fund II
Additional Investors:
Company Website: https://www.zinghr.com/
Software Category: HR SaaS platform
About the Company: Founded in 2014 by Prasad Rajappan, ZingHR offers a complete solution of the end-to-end processes in HR through Artificial Intelligence, Machine and Deep Learning algorithms which help to improve employee performance and drive process efficiency in recruitment offer ease of leave, attendance, payroll, and claim management. It offers almost all web/mobile-based modules from Hire to Retire Solutions with a state-of-the-art tech supporting those applications. ZingHR has been leading the field in promoting the ‘Outcomation’ approach wherein the focus is on Tangible Business Outcomes (TBO) rather than automating people processes. The company serves over 700 enterprises across banking, financial services and insurance (BFSI), retail, services, IT-ITeS, staffing, pharma and healthcare, and manufacturing. The company has a presence in markets such as Australia, Southeast Asia, and the Middle East, and will now look at expanding to Europe, more countries in the Middle East, North Africa, and the US.
Source: https://yourstory.com/2022/01/zinghr-hrtech-startup-funding-tata-capital-growth/amp