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HROne raises $4M

HROne announced raising $4 million in a Series A round led by Insitor Partners, with participation from Prudent Investment Managers.

Founded in 2016 by Karan Jain, the startup is a cloud-based HR automation platform that helps companies eliminate mundane and repetitive HR tasks.

With this fundraising, it plans to focus on building a comprehensive platform that becomes the go-to solution for every possible HR need in the modern-day workplace. Further, the company will use the funds to drive expansion into newer and existing markets. With this inflow, the company intends to 10X its revenue growth in the next three years.

Talking about the funding, Karan Jain said, “We are excited and supercharged with this series A funding from Insitor Partners and Prudent Investment Managers. These are exciting times for HR digital transformation globally. We aim to use this capital to grow our product capabilities, expand into newer markets, invest in our talent pool and drive a superior customer experience. We are in the hyper-growth phase in the India.

White.Inc raises over $1M led by Dholakia Ventures, Inflection Point Ventures

White.Inc announced it has raised $1 million as capital led by Dholakia Ventures, along with Inflection Point Ventures and First Port’s participation.

Angel investors including Suhail Sameer and Shashvat Nakrani from BharatPe, Guruvanth Vaid from 4G Capital Ventures, and Aniket Gore from Ceramet Group also participated in the round.

The startup will utilise the funding to further build its team, product development, and brand development, as well as bolster its tech infrastructure.

Siddharth Gadodia, Founder and CEO of White.Inc said, “We are going after the premium category in the D2C space as there are a substantial number of niche segments in India where we can build brands that generate Rs 200 crore+ in revenue. Our goal is to reach a revenue of Rs 1,000 crore+ in the next four years by creating five to six differentiated D2C brands.”

(The copy will be updated with the latest news throughout the day.)