ZingHR has raised $10 million from Tata Capital Funds according to a company statement issued on Monday.
ZingHR 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. We will scale up efforts and are going to aggressively pursue these markets,” said Founder and MD at ZingHR, Prasad Rajappan .
Tata Capital Funds now owns a 33 percent stake in the company as a result of the latest investment.
ZingHR plans to use the funds to expand into new global markets, upgrade technology, and expand 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,” Prasad Rajappan said.
ZingHR, founded in 2014 by Prasad Rajappan, provides comprehensive ‘hire-to-retirement solutions’ to assist organisations in adopting digital transformation and improving business outcomes while enhancing employee experience.
Over 700 enterprises in banking, financial services and insurance (BFSI), retail, services, IT-ITeS, staffing, pharma and healthcare, and manufacturing are served by the company.
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