AI-based HR Analytics Startup inFeedo has raised $200,000 in angel round from a group of investors led by Dheeraj Jain, Managing Partner, Redcliffe Capital and Anupam Mittal, CEO of Shaadi.com. The company also got funding from Ameera Shah, CEO of Metropolis; Vivek Bhargava, Group CEO of DAN Performance; Rahul Singh, CEO of Beer Cafe and Ambarish Gupta, CEO of Knowlarity.
Founded in 2013 by Tanmaya Jain, inFeedo helps HR automate the continuous collection of feedback so they can focus on action points instead of getting lost building reports. Their chatbot called Amber talks to employees regularly and based on their chats, auto generates culture reports for HR leaders to proactively meet those who’re unhappy, facing troubles or about to leave.
Amber is being used in companies like MakeMyTrip, PayU, Knowlarity, RedBus, Caratlane and Nearbuy.
“With a phenomenal response from over a 100+ HR Heads across the country, we’ve reached a stage where we’re almost unable to deal with the incoming interest. We are currently live with 16+ companies and are on track to touch more than 10,000 paid users by the end of the year 2016. The investment further validates our disruption in HR analytics and employee engagement but we required the funds to help us deal with scale,” said Tanmaya Jain, Founder at inFeedo.
The company will use the funds to meet the growing demand and scale across India with plans to hit the international market in 2017.