HR tech startup Keka announced that it has raised $57 million in funding from WestBridge Capital, in what the company claims is the largest Series A SaaS funding round in India to date.
Launched in 2016, Hyderabad-based Keka entered the HR tech space as a bootstrapped company with the aim of building a product to suit the practical requirements of the industry.
The company said it had more than 5,500 customers by the end of 2021.
Keka (the word means ‘awesome’ in Telugu) streamlines and automates payroll, recruiting, leave and attendance, and performance management, among other things.
The company claimed it crossed $750,000 in annual recurring revenue (ARR) in 2017 and achieved seven-fold sales growth in 2020 and to have had more than 5,500 customers.
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