HR analytics platform 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.
Focused on employee engagement, inFeedo’s new chatbot Amber is being used in companies like MakeMyTrip, PayU, Knowlarity, RedBus, Caratlane and Nearbuy. Founded in 2013 by Tanmaya Jain, inFeedo now helps HR automate continuous collection of feedback so they can focus on the action points. The 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.
“The investment further validates the disruption that inFeedo’s differentiated approach is creating in employee engagement for corporates at all levels. 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. 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 find ourselves as uniquely positioned in terms of data driven technology & investors who are backing our company to help us deal with scale,” said Tanmaya Jain, Founder at inFeedo.
Now that Amber’s natural language processing capabilities are in place, the company will use the funds to enter growth stage and scale across India with plans to hit the international market in 2017.
inFeedo recently participated in a reality show called the The Vault Show (India’s Shark Tank) where chosen entrepreneurs get 5 minutes to pitch to investors on the show. inFeedo got selected to present its case from about 5000+ applications and they also received on the spot funding of Rs. 50 lakh from 2 investors on the show and another Rs. 35 lakh from the other 2 investors post the show.