Hyderabad-based Keka HR raises $1.6 million through Recur Club

Hyderabad: The SME HR Tech space company Keka HR raised $1.6 million (over Rs 12 crore) through non-dilutive revenue funding. The funding was achieved through trading subscriptions made on Recur Club, which enables companies to access capital growth.

The company intends to hire 200-300 employees in the next financial year. Keka has openings in almost every department as it aims to grow the employee count to support the company in its next leg of growth.

With over 4,750 customers in India, the Hyderabad firm aims to take its expertise to the other countries in 2022 with a major global expansion. Keka, an HR automation software company, was started in 2015 with the mission of solving complex HR challenges.

Speaking about the funding and its utilisation, Vijay Yalamanchili, CEO of Keka said, “Non-dilutive funding will become the norm for bootstrapped SaaS companies in the world. The raised funding will be invested in hiring and expanding the company further across geographies.”

With its head office in Hyderabad, India, the company aims to make its presence felt across the globe and cater to the SME industry in the US too along with the Southeast Asian and Middle Eastern nations.

Recur Club is Asia’s first and only trading platform for companies with recurring revenue streams that gives access to growth capital. It connects companies directly with institutional investors to trade their subscriptions for upfront cash.

The platform partners with companies by unlocking fast, flexible, transparent, and non-dilutive capital at every stage of their journey and provides an ecosystem to amplify their growth.

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