HRTech Startup inFeedo Bags $12 Mn From Jungle Ventures, Tiger Global

SUMMARY

Jungle Ventures led the funding round, with participation from Tiger Global and multiple founders and CHROs

inFeedo is looking to triple its product line, quadruple the revenue, double its team, and accelerate growth in Southeast Asia, India and the US, in the next couple of years

In 2020, inFeedo had raised from Y Combinator, Girish Mathrubootham of Freshworks, Peyush Bansal of Lenskart, and Ritesh Malik of Innov8

HRTech startup inFeedo has raised $12 Mn in a Series A funding round led by Jungle Ventures. Tiger Global also participated in the funding round, with investors such as Bhavin Turakhia of Zeta, Sreedhar Peddineni of Gainsight, Suman Gopalan of Freshworks, and Ankur Warikoo.

With the funding round, the total capital raised by inFeedo reached $16 Mn.

With the incoming funds, inFeedo is looking to triple its product line, quadruple revenue, double its team, and accelerate growth in Southeast Asia, India and the US, in the next couple of years

Along with these plans, the startup has also scheduled a second ESOP buyback round for all its employees.

The startup is currently hiring for more than 140 remote roles across all functions, especially marketing, product, engineering and sales in these regions.

The startup also plans to continue its rapid growth in the region and accelerate the go-to-market strategy for North America.

Founded by Tanmaya Jain and Varun Puri in 2016, inFeedo is an employee experience platform, which includes people analytics that helps companies predict attrition, burnout and disengagement among its employees.

inFeedo’s AI chatbot, called Amber, also doubles up as the ‘Chief Listening Officer’ to the CEO. Amber has intelligent conversations with employees to find hidden gaps in their culture, managers and wellbeing in real-time.

Amber is available in more than 100 languages and customers include a wide range of companies in terms of sizes and sectors. Amber speaks to 30,000 employees in Singapore, Malaysia, Indonesia and the Philippines.

According to inFeedo, it serves more than 175 companies, which includes the likes of Samsung, TATA, Godrej, Bharti, Unacademy, Paytm and OYO.

Tanmaya Jain, founder and CEO of inFeedo said, “There’s never been a more critical time to put people at the heart of your business. This milestone isn’t about our series A, it’s about our A-game. It’s about surrounding ourselves with A players who share a vision of helping companies build a culture where people love to come to work. It’s about conversational AI and people science teams coming together to build meaningful employee experiences.”

In 2020, inFeedo had raised from Y Combinator, Girish Mathrubootham of Freshworks, Peyush Bansal of Lenskart, and Ritesh Malik of Innov8.