100X.VC-Backed SaaS Startup BHyve Raises $300K From LetsVenture, JITO Angel Network, Others
- ByStartupStory | July 14, 2021
BHyve, Mumbai-based startup is a future of work platform for diffusing employee tacit knowledge and enabling peer learning network has raised $300,000 from JITO Angel Network, LetsVenture, and other angel investors such as Dr Rajaram Samant, Dr Pramod Dhembale, Aman Sharma, Nilesh Patel, KRS Jamwal, Muralidharan Chandrashekar, Surabhi Vashisht and others. Abhishek Rungta from Seeders led the round on LetsVenture. Backed by 100X.VC earlier in May 2021, BHyve will use the freshly infused capital for enhancing its technology and client acquisition. The startup was ideated during the pandemic and launched in February 2021 to ensure productivity and quick access to employee wisdom for a distributed and remote workforce. BHyve is incubated at Atal Incubation Centre, Rambhau Malge Prabodhini. It currently serves leading corporations from BFSI, Healthcare, Pharma and Manufacturing sectors and will soon enter the North American Market.
Omkar Pandharkame, an Organisational Psychologist, Ketaki Ogale, an MBA from Fordham University, and Vihang Mirkhelkar, who has scaled technology for high growth startups in Silicon Valley, are the co-founders of BHyve.“Raising money through JITO Angel Network has been an insightful experience. We appreciate the hands-on nature and speediness of the deal. With a supportive team, Great smart capital and very progressive investment thesis, has helped us to demonstrate our vision and get marquee investors on board”.
BHyve is a SaaS future of work platform that aims to assist companies document tacit knowledge and enable peer learning networks, which leads to a 35 percent increase in productivity and a 30 percent reduction in time spent looking for information, and an engaged future-ready workforce. The startup is the answer to build a future proof organization using AI, which makes unparalleled leadership (bench) strength within the existing set-up, creates and harmoniously encourages boundary-less employee culture.
“Employees are the most important assets of any company, and BHyve has an innovative platform to cater to the future of work. To remain competitive, all progressive companies around the globe will need this platform. At 100X.VC, we are delighted to be the first institutional investor in BHyve as we firmly believe that the founders’ vision will make BHyve a truly global company” Ninad Karpe, Partner, 100X.VC. “We at JAN are happy to be a part of this journey with Omkar and his credible team and looking forward to transforming the way companies interact and leverage their internal resources”. – Deal Lead, Keerthi Kumar, Founder Insurepays from JITO JIFF Angel Network.
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