inFeedo, a SaaS-based people analytics startup, announced that it has raised $700,000 financing from Y Combinator, a Silicon Valley-based startup incubator, according to the ETtech report.
Angel investors like Innov8 founder Ritesh Malik, Lenskart cofounder Peyush Bansal, former Facebook director Anand Chandrashekharan, Cisco’s Vinod Muthukrishnan, Inventus Law founder Anil Advani, and Kwench founder Sunder Nookala also participated in the funding round along with 100x Entrepreneur Fund that led an oversubscribed syndicate via LetsVenture.
Earlier in 2016, the Gurugram and New York-based startup had raised a seed funding of $200,000 from a clutch of angel investors led by Redcliffe Capital managing director Dheeraj Jain and People Group founder Anupam Mittal.
“Our main aim to fundraise during the pandemic was to double down in South-East Asia and build a leadership team that helps customers remotely connect with their employees better and come out of Covid-19 stronger than before,” says inFeedo founder and chief executive Tanmaya Jain.
Going forward, the startup plans to introduce improved capabilities to engage remote workforces, leadership and manager effectiveness, and ability to run pulse surveys.
“Having benefited directly from Amber at Oyo, as a customer, I was already motivated to invest in inFeedo as a company with a strong value system that’s always prioritised customer advocacy over investor relations”, says Ritesh Malik.
inFeedo claims to have over 100 customers across more than 50 countries including enterprises like Airtel, Lenovo, Unilever, GE Healthcare, Tata Group, Puma, and Oyo among others.
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