Umwelt nets $125k Funding from Upekkha

Umwelt.Ai Seeks To Capitalise On Employee Engagement Solution Offerings With Backing From Upekkha

SUMMARY

Faridabad-based Umwelt.Ai has raised $125K in a seed round led by SaaS accelerator Upekkha.

Founded in 2018, Umwelt.Ai leverages AI, behavioural science, and chatBot technology to offer real-time employee engagement solutions, counting Quess Corp and Vero Moda among its clients.

The Indian HR tech market is projected to reach $2,170 Mn by 2032, growing at 8.3% CAGR, as part of the broader SaaS market expansion forecasted to hit $62.93 Bn by 2032 at 27.3% CAGR.

Umwelt.Ai, an AI-based people analytics and employee engagement SaaS platform, has secured $125K in a seed funding round led by SaaS accelerator Upekkha.

The Faridabad-based startup will use the fresh capital to expand its global footprint and deliver solutions to organisations across various industries, Umwelt said in a statement.

Cofounder Vishal Chopra said, “Our platform is designed to bridge the gap between employee expectations and organisational realities, enabling companies to unlock their workforce’s full potential.”

Founded in 2018 by Chopra, Umwelt.Ai leverages behavioural science, chatBot technology, and advanced analytics to enable CEOs and HR leaders to listen, analyse, and act on employee feedback in real-time.

The startup claims to help organisations improve their employee net promoter score (ENPS) and employee response rates, resulting in a more engaged workforce. Through predictive analytics, Umwelt.Ai has reduced early attrition rates, leading to cost savings and improved talent retention.

The startup counts Quess Corp, Vero Moda, Jack & Jones, Foundit, and Allsec BPO among its clients.

Umwelt.Ai competes against startups like inFeedo and Leena.AI.

The HR technology market in India was estimated at approximately $1,040 Mn in 2023 and is projected to reach $2,170 Mn by 2032, growing at a CAGR of 8.3% during the forecast period from 2024 to 2032.

This growth is part of a larger trend in the Indian Software as a Service (SaaS) market, which is forecasted to expand from $3.40 Bn in 2024 to $62.93 Bn by 2032, at a CAGR of 27.3%.

The sector has seen increased adoption of AI and automation technologies, driving innovation in employee experience management and HR processes.

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