Keka, a startup in HR technology receives $57 million from WestBridge Capital

• ByStartupStory     |    November 9, 2022

WestBridge Capital has invested $57 million in the HR technology platform Keka. According to Vijay Yalamanchili, CEO of the Hyderabad-based business, it is India’s highest Series A SaaS fundraising to date. He stated in a release that the company has already taken steps to expand its product line, improve its products, and strengthen customer assistance. “We want to develop a top-notch product in India for the international market. As we grow our engineering, product, and customer teams, research and development will be our main area of focus, he said. Keka, a 2016 startup funded entirely by its own resources, reached 5,500 customers in 2017.

“Despite earlier investment offers, we never thought the time was right. Finding the correct investment partner was also important, according to him. He said he wanted to collaborate with someone who had a long-term outlook for the HR IT industry and identified WestBridge Capital as such. Furthermore, it wasn’t only about getting money; it was also about getting the startup’s ideas and strategy validated in a world where many funded businesses are failing to thrive, he added.

Rishit Desai, principal at West

Bridge Capital, stated, “We are pleased about Keka’s potential and look forward to a long cooperation. We are aligned with their mission to establish the greatest mid-market focused global HR Tech platform that will enable organisations around the world to modernise their HR operations. Payroll, hiring, leave and attendance, performance management, and other processes are streamlined and automated, according to Keka, which employs more than 550 people. Its clients come from a variety of industries, including IT services, pharmaceuticals, manufacturing, businesses that provide professional services, accounting, tax preparation, and fin-tech.

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