ZingHR announced that it has raised $10 million from Tata Capital Funds. According to a company statement, this investment gave Tata Capital Funds a 33% stake of the company.
With presence in markets like Australia, Southeast Asia, and the Middle East they are now looking at expansion to Europe, the Middle East, North Africa, and the US.
We will scale up efforts and are going to aggressively pursue these markets," said Founder and MD at ZingHR, Prasad Rajappan .
"We are delighted to announce that Tata Capital Funds has provided $10 million in funding. We are also glad to partner with them on our quest to transform organizational outcomes using cutting-edge technology.
"We believe the adoption of SaaS-based processes will decide future winners as businesses go digital. Zing HR's SaaS solution is robust, nimble and adopted by marquee customers," Akhil Awasthi, Managing Partner - Tata Capital Growth Fund, said.
ZingHR was founded in 2014 by Prasad Rajappan. It offers comprehensive 'hire to retire' solutions to assist organizations with digital transformation.