HROne Secures $4 Million in Pre-Series B Funding

PNN

New Delhi (India), September 11: HROne, a renowned name in HRTech, today announced a Pre-Series B funding round of $4 million (Rs 33 crores), led by existing investors Insitor Partners and Prudent Investment Managers. This funding is a key milestone in HROne’s journey, demonstrating the confidence and trust that investors, customers and employees have shown in its vision.

Since its Series A funding, the startup has seen tremendous growth and has signed up several top brands as clients. By earning the No. 3 spot in G2 Best Software Products 2024 for best customer satisfaction among 1.17 lakh software products, the HR technology leader has cemented its authority in the HCM software category.

The startup also introduced over 365 high-impact features, including several AI use cases, in a single fiscal year, paving the way for a great product experience for its customers. HROne is at the forefront when it comes to product innovation – the startup excels in building an incredibly simple yet powerful HRMS that can manage the most complex HR operations. HROne has been ranked by G2 as the world’s easiest-to-use HCM software.

“Our continued investment in HROne reflects our confidence in their strategic approach and exceptional execution. The team’s focus on maintaining a customer-first philosophy uniquely positions them to lead the HR technology revolution. We look forward to the groundbreaking advancements they will deliver, making a significant impact and delivering unparalleled value to their customers and users.” Nicholas Lazos, Co-Founder and CIO, Insitor

On the announcement of this latest milestone, Karan Jain, Founder of HROne, said, “We don’t just build software; we build a community fueled by a shared vision to make HR simple and impactful. Securing this Pre-Series B funding underscores the incredible journey we’ve embarked on and the unwavering support we’ve received from our investors, customers, and the HROne team.”

HROne’s commitment to innovation and continuous improvement of its software solutions is at the core of its mission, and this funding will play a key role in strengthening its approach to product development with the support of HROne Labs.

HROne is now poised to explore the most innovative use cases for automation and AI in HR, redefining industry standards in the process. The HR technology leader continues to advance its AI-powered feature set, making the software more intuitive, more efficient, and more intelligent.

With this funding, HROne aims to implement new strategic programs to sustain its hyper-growth phase. HROne is currently the go-to solution for all HR automation needs for 1500+ brands across 20+ industries in India including Haier, Muthoot Microfin, Lux Industries, Pathkind Labs, Sula Vineyards, Mr. DIY, Magicpin, Hero Housing Finance and several other category leaders.

With over 10 offices in Chennai, Hyderabad, Mumbai, Delhi, Ahmedabad, Kolkata and several others, the startup serves clients across India. This funding will be a catalyst to fuel further expansion and growth as HROne looks to expand its market reach, improve its share in current markets and leverage its strategic approach to dominate new segments.

As the company grows, the capital injection will also help it improve the quality of its customer experience across multiple touchpoints – from customer greetings to product use to support services.

“HROne has consistently proven its ability to transform ambitious visions into tangible results. Their commitment to leveraging technology to streamline HR processes has not only transformed the market but also set a new standard in the industry. We are excited to support their next phase of innovation and hyper-growth.” Prashasta Seth, CEO, Prudent Investment Managers

As HROne embarks on the next chapter of its journey, the company remains focused on innovation, growth and delivering exceptional value. The future is bright and with the support of investors, customers and employees, HROne is poised to lead the HR technology industry to new frontiers.

Here’s to the next chapter – onward and upward!

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