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Indian HR tech startup Keka raises $57 million to accelerate its growth

Indian-based HR tech startup, Keka has raised $57 million in a series A funding from WestBridge Capital to grow its team and accelerate its growth. * Founded in 2015 by Vijay Yalamanchili, Keka provides HR-related solutions that aim to streamline and automate payroll, recruiting, leave and attendance, performance management, and more.

Acquah Nana Yeboah profile image
by Acquah Nana Yeboah
Indian HR tech startup Keka raises $57 million to accelerate its growth
Photo by Austin Distel / Unsplash

Indian-based HR tech startup, Keka has raised $57 million in a series A funding from WestBridge Capital to grow its team and accelerate its growth.

  • Founded in 2015 by Vijay Yalamanchili, Keka provides HR-related solutions that aim to streamline and automate payroll, recruiting, leave and attendance, performance management, and more.
  • Last year, Keka claimed it had more than 5,500 customers on its platform, with some of its prominent clients being upGrad, RazorPay, Dream11, and Hitachi, among others. In a press release, the startup says it currently facilitates the payroll of more than 1.5 million employees every month.
  • This financing is coming on the back of a $1.6 million growth capital it raised from Recur Club months ago. Following the latest round, the startup plans to invest in research and development and expand engineering, product, and customer teams.
  • Keka is looking to tap into India’s booming HR tech market, which was valued at $23.32 billion in 2021. The market is poised to hit $38.36 billion by 2030, according to this report.
  • Unsurprisingly, there is a rising interest in investors as well. According to an estimate, HR-tech startups have secured over $600 million in investments since 2020.
Acquah Nana Yeboah profile image
by Acquah Nana Yeboah

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