HR tech firm Hono raises $4 M from Aakash Chaudhry
- ByStartupStory | May 12, 2022
Aakash Chaudhry, Managing Director and Serious Deep Tech Investor at Aakash + BYJU`s, India’s Largest Test Preparation Company, has invested $ 4 million in HONO (Labor Automation Pioneer). HONO has raised $ 1 million from other private investors such as Hemant Sultania, Amit Khanna of Amaya Ventures and Harsh Gupta of Udayat Group.
Strategically, HONO is already unique in the human resources industry with the two themes of expanding its business in India, Middle East and Southeast Asia, expanding its market footprint and productivity with the new funds. We aim to strengthen the product offering that occupies a position. And happiness.
As an innovation-conscious investor, Aakash Chaudhry is confident in using HONO’s pioneering AI to humanize employee experience, increase productivity and create sustainable workplaces.
Citing his reasons for investing in HONO, he said, “HONO’s emphasis on technology, particularly AI to address, simplify and humanize end to end HR processes being a single source of truth and its ability to transform HR into a productivity driver is something we believe in. We expect HONO’s growth curve to show a much steeper rise hereon. Besides, we value the strong and constructive relationship with HONO, developed over years of association with them as a client. We believe in working with brands that are committed to revolutionising the industry. And HONO’s vision, its client centricity and its high-end solutions show that promise.”
With this investment, Chaudhry will join the Board of Directors of the company and will be actively involved in guiding business operations. Mr Mukul Jain, Founder & CEO HONO said, “Having Aakash Chaudhry and our new group of investors in the fold, makes the HONO journey even more exciting. Their presence and this strategic investment not only establishes our investors’ faith in the business, but also reinstates our belief and the belief of the market in the direction HONO is evolving.”
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