HR tech startup Benepik raises seed money

HR tech startup Benepik raises seed money
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2 Apr, 2018

Gurgaon-based HR tech startup Benepik Technology Pvt. Ltd has raised an undisclosed amount in seed funding from a group of investors, including Vishal Bali, managing director at Nielsen China.

Yogesh Misra, vice-president, Thomas Assessments, and a Delhi-based high-net-worth individual have also participated in the round, the company said in a press release.

Saurabh Jain, the founder and chief executive officer of Benepik said that the capital will be used to strengthen the platform further by adding more functionalities around employee engagement, and learning and development.

Incorporated in 2016, Benepik was started as an employee benefits platform. It provides mobile-based solution for employee communication, engagement, rewards and recognition.

It has over 15 clients across financial services, consumer appliances, automotive and manufacturing, according to the release.

Jain, an alumnus of Delhi School of Economics, had stints in consulting and technology practices at Capgemini, Deloitte and the United Nations Development Programme across India and Europe.

HR tech
Last month, Bengaluru-based HR tech startup Recruiterbox was acquired by US-headquartered private equity firm Turn/River Capital.

In February, cloud-based HR management and employee engagement platform for small and medium-sized businesses, Qandle, had raised $1.2 million in a pre-Series A round led by Hong Kong-headquartered venture capital firm Redwood Internet Ventures Ltd.

The same month also saw Gurugram-headquartered Bash.ai, an artificial intelligence-based HR automation tool provider, acqui-hiring tech startup Wemo, which offers UX design expertise for building mobile apps and websites.

*This article has been updated to correct the identity of an investor.