I am happy that we found the right investing partner in WestBridge Capital. We wanted to partner with someone with a long-term vision for the HR tech space.
Finding the right investment partner was also significant for us. Although we got several offers for funding in the past, we never felt the timing was right.
KEKA HR REVENUE SOFTWARE
The company's software offers centralized information, an employee portal, custom fields, employee documentation, performance management, goal management, administration, and other related services, enabling the human resources team to seamlessly handles leave. We have been the fastest-growing HR tech leader in our space. Developer of human resource payroll management software designed to automate HR tasks. Yalamanchili further said, “I believe we raised funding at the right time. Despite being bootstrapped all this while, we managed to thrive in the market, thanks to our employees and customers.” We want to help organisations focus better on their core asset – the employees. Businesses can no longer afford to do that. While there have been plenty of tools to cover the customer experience, employee experience has taken a back seat. Vijay Yalamanchili, CEO, Keka, Said, “Business today means serving both customers and employees.
We are very excited about Keka’s potential and look forward to a long partnership with the company.” We are aligned with their vision to build the best mid-market focused global HR Tech platform that will allow companies around the world to modernise their HR processes. Keka is disrupting the industry through its world-class product and highly reliable customer support. Its revenue increased by 110 year-on-year in 2021, and the company’s employee count doubled from 220 to 450. Since its inception four years ago, Keka has experienced unprecedented growth. Rishit Desai, Principal, WestBridge Capital, said, “In a short period of time, Keka has emerged as India’s most trusted and innovative HR Tech platform. Keka, India’s leading employee-centric HR platform, announced fiscal and market share growth for 2021, as well as plans to expand its footprint in 2022. By 2021, it had crossed the 5,500-customer landmark, according to a statement. Starting with the 100-customer milestone in 2017, Hyderabad-based Keka grew exponentially in just a couple of years, crossing the $750,000 ARR (Annual Recurring Revenue) in 2017 and achieving a 7X sales growth in 2020.
KEKA HR REVENUE SERIES
Vijay Yalamanchili, CEO, Keka Keka, an HR tech company launched in 2016, on Wednesday announced that it has secured India’s largest Series A SaaS funding of $57 million from WestBridge Capital.
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