Zimyo, the Gurugram-based employee experience platform that empowers organizations to manage and retain great talent, announced that it has raised $1.5 million in a seed funding round led by BEENEXT.
Other investors such as AngelList, YAN (Yatra Angel Network), and angel investors like Abhishant Pant (Founder, The FinTech Meetup), Navin Surya (Chairman, FinTech Convergence Council), and Sayali Karanjkar (Co-founder, Paysense) also participated in the round.
The startup said that it will use the current funding to expand its team and further build out its technology to expand its business.
Founded in 2018 by Kumar Mayank and Ajay Kadyan, Zimyo is a cloud-based HR and benefits solutions for startups, small and medium businesses, helping them manage talent, with a particular focus on assisting employees with financial offerings.
“We are thrilled to see great adoption of our core HR software and payroll platform mostly through word of mouth and client referral. Our financial benefits products are seeing good early traction, especially in times of need,” said Mayank, Co-Founder and CEO, Zimyo, adding, “BEENEXT partnership brings a unique global perspective in Zimyo’s journey.”
Hero Choudhary, Partner at BEENEXT, said “With Zimyo’s differentiated offering of financial benefits riding on core HR and payroll solutions, we believe SMB will be able to better serve their employees, resulting in a high NPS and low attrition. This is even more critical in new remote work environment post-COVID.”
Zimyo serves over 150 organisations across India, managing HR and payroll for over 32,000 employees. Earlier this year, the startup had raised an undisclosed amount of funding from Yatra Angel Network, and others.
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