Jungle Ventures and Tiger Global led a $12 million funding round for inFeedo
- ByStartupStory | March 15, 2022
InFeedo, an employee engagement platform, announced on Tuesday that it had raised $12 million in a funding round headed by Jungle Ventures, with participation from Tiger Global and existing investors such as Bling Capital.
Bhavin Turakhia, creator of Zeta, Sreedhar Peddineni, co-founder of Gainsight, entrepreneur and angel investor Ankur Warikoo, and Suman Gopalan, CHRO of Freshworks are among the other investors. This raises the company’s total capital raised to $16 million.
In less than 18 months, the company’s value has tripled, and it has announced its second ESOP repurchase for all employees.
Southeast Asia, India, and the United States, the organization is now searching for 140 remote positions across several functions. The US-based startup, founded in 2016 by Jain and Varun Puri, features an AI bot that assists with people analytics, predicting attrition, burnout, and disengagement in top talent. Tata Group, Godrej, Samsung, and Lenovo are among the roughly 175 companies with which the organization collaborates across 60 countries
The corporation will also aim to increase its foothold in North America while speeding its growth in India and Southeast Asia.
Y Combinator, Girish Mathrubootham, CEO Freshworks, Peyush Bansal, CEO Lenskart, and Ritesh Malik, creator of innov8, have all invested in inFeedo earlier in 2020.
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