HR Tech Firm Keka Raises $57 Million From WestBridge Capital in India
Keka, a Hyderabad-based HR tech firm, has secured India’s largest Series A SaaS funding with a whopping $57 million from WestBridge Capital.
Launched in 2016, Keka entered the HR tech space as a bootstrapped company and gradually it established itself as a leader in the SME segment.
Championing the cause of HR practitioners at all levels, Keka has built a highly innovative product that was continually shaped and optimized to suit the practical requirements of the industry, all without securing any funding and staying bootstrapped. By the end of 2021, Keka was embraced by more than 5500 companies.
For an organization that reached its 100-customer milestone in 2017, Keka grew exponentially in just a couple of years, crossing the $750K ARR in 2017 and achieving a 7X sales growth in 2020. By 2021, it had crossed the 5500-customer landmark.
Source: Deccan Chronicle (link opens in a new window)