[Funding Alert] HRtech startup Keka raises $57 Mn Series A funding from Westbridge Capital

Vijay, CEO of KEKA

Hyderabad-based HRtech leader Keka has secured $57 million in Series A funding from WestBridge Capital. 

Founded by Vijay Yalamanchilli in 2015, Keka was launched with a mission to create good employee experiences. It has created a highly innovative product that meets the practical requirements of the industry, all without securing any funding.

Keka means ‘awesome’ in Telugu, something the company aims to symbolize when it comes to strengthening the HR function and employee experience. By the end of 2021, more than 5,500 companies were using this solution. 

Vijay and his team now want to expand the product, improve their offering and strengthen customer support. 

The company started as a team of five and has grown to a team of more than 550. The software helps HR teams spend less time on mundane tasks and more time on the most vital asset of any organization: people.

Keka streamlines and automates recruiting, payroll, attendance, leave, performance management and more. It has a reach of over 6,500 customers across a variety of sectors, including IT services, tax, pharma, professional services, manufacturing, accounting, fintech and more. It currently manages the monthly payroll of more than 1.5 million employees.

Vijay Yalamanchilli, Founder of Keka, said, “We want to build a world-class product here in India that will cater to the global market. As we move forward, R&D will be our main area of ​​focus as we grow our engineering, product and customer success teams.”

Rishit Desai, Director of WestBridge Capital, said, “Keka has become the most trusted and innovative HR technology platform in India in a short period of time. It is disrupting the industry with its superior product and highly reliable customer support.”

He added, “We are aligned with their vision to build the best global mid-market HRtech platform to enable companies around the world to modernize their HR processes. We are very excited about Keka’s potential and look forward to a long partnership with the company.”

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