HR Technology Startup Keka Raises Investment From WestBridge Capital

Keka Raises Investment: The HR technology startup Keka announced on Wednesday that it had secured $57 million in funding from WestBridge Capital, declaring it the largest Series A SaaS fundraising round to date in India.

Keka, a bootstrapped startup based in Hyderabad, was founded in 2016 with the intention of developing a solution to meet the practical needs of the industry. By the end of 2021, the business anticipates having more than 5,500 customers.

Keka streamlines and automates a variety of processes, including payroll, hiring, leave and attendance, and performance management.

“I think we raised investment in the right situation. In our industry, we have been the HR tech leader with the quickest growth. Despite receiving numerous investment offers in the past, we never thought the time was right. Finding the ideal investment partner was crucial for us as well. We wanted to work with someone who has a long-term vision for the HR IT market”, stated Vijay Yalamanchili, CEO of Keka.

According to the business, its annual recurring revenue (ARR) surpassed $750,000 in 2017 and its sales will increase sevenfold by 2020. According to WestBridge Capital principal Rishit Desai, “Keka has quickly become India’s most dependable and cutting-edge HR Tech platform. With its top-notch goods and dependable customer service, it is upending the market. we share their aim of creating the best mid-market-focused global HR Tech Platform”.