InFeedo, analytic-focused software as a service company gained $700,000 which is approximately 5.25 crores in funding from a bunch of investors which included some angel investors and global startup accelerator Y Combinator.
Investors that participated in this funding for InFeedo are- Dr Ritesh Malik who is a founder of Innov8 coworking https://www.linkedin.com/in/drriteshmalik/
IIM Banglore alumni Peyush Bansal who is Chief Executive Officer at Lenskart.com https://www.linkedin.com/in/peyushbansal/
Former Cloudcherry CEO and Current Chief Growth officer at Cisco- Vinod Muthukrishnan https://www.linkedin.com/in/vinodmkrishnan/
Former Snapdeal chief product officer Anand Chandrasekaran https://www.linkedin.com/in/anandchandrasekaran/
Former Kwench CEO and Current co-founder and CEO at Huminos Sunder Nookala https://www.linkedin.com/in/sundernookala/
Inventus Law CEO Anil Advani.
The 100x Entrepreneur Fund also took part which is an early-stage venture capital firm in InFeedo funding.
In September 2016, the startup raised $1500,000 n angel funding led by Redcliffe Capital’s Jain and Palash Jain, former head of Google India’s core operations.
Following which in the month of December in 2016 also InFeedo collected a fund of the sum $200,000 led by Dheeraj Jain, managing partner at UK-based hedge fund Redcliffe Capital, and Anupam Mittal, founder and chief executive of People Group
InFeedo which was founded by Shiv Nadar University alumnus -Tanmaya Jain https://www.linkedin.com/in/tanmayajain/ and Varun Puri in 2013, it operates employee experience chatbot Amber which provides a helping hand to human resource department to measure several data instructions and points. It involves analytics on employee engagement, individual employee and organisational sentiment, attrition prediction and insights on company culture.
“In spite of running a cash flow positive business, our main aim to fundraise during the [coronavirus] pandemic was to double down in SouthEast Asia and build a leadership team,” said the founder Tanmaya Jain.
The funding of $700,000k will be primarily used for expanding team and hiring the best possible candidates with suitable skills and talent with a goal of achieving $10 million in revenue. The company also plans to work on designs of its products that involve which includes features such as capabilities for remote workforces, leadership and managerial effectiveness, and pulse surveys.
“Jain’s persistence and the massive growth opportunity in the employee experience market brought on by the shift to remote work prompted me to invest in the startup,” said Vinod Muthukrishnan showing his faith in Tanmaya and the future of the company.