HROne raises $4 Mn funding in Series A round led by Insitor Partners

• ByStartupStory     |    October 7, 2022

HRtech startup HROne has raised $4 Million in a Series A funding round led by Insitor Partners. Prudent Investment Managers has also participated in the funding round. In the current fundraising, investment bank Radix Capital Advisors was the financial advisor to HROne.

HROne will use the funds to build its tech platform and expand into new as well as existing markets. It willscale its revenue by 10x in the next three years. The startup will also deploy capital to introduce new offerings, hire talent and improve customer experience.

The global HRtech industry, which was pegged at $24.04 Bn in 2021, is likely to become a $35.68 Bn market by 2028. The industry will grow at a CAGR of 5.8% between 2021 and 2028. In 2021, the Indian HRtech market captured $3.6 Bn of the global market.

HROne was founded in 2016 by Karan Jain, “We are excited and supercharged with this series A funding from Insitor Partners and Prudent Investment Managers. We are in hyper growth phase of the Indian HRTech market, and we will expand into international markets in the near future. Grateful to our funding partners for recognizing the potential and backing our intent,” he said.

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