Bangalore-based Hush, an employee-focused HR tech firm founded by two former Yahoo employees, has raised ₹ 4.5 crores (~ US$ 641,000) in a fresh round of funding on the back of an unexpected growth in user acceptance of their platform. Emerging as the go-to workplace app for employees from over 300 companies, Hush has also gained a higher number of employees within each company ‘cohorts’. Existing investors, Accel, Shamik Sharma (Business Head at Curefit), and an angel investor participated in the round.
Additionally, the company has added Nikhil Raj, Co-Founder of Paysa.com, to their advisory board.
The new round of funds will be utilised to expand the Hush team, grow the platform’s user base, and most importantly, launch new features on the app.
Founded in September 2017, by Ashutosh Dabral and Umesh Joshi [L-R in above picture], Hush is an employee-focused HR tech firm that provides a voice to employees and helps them move to the next level in their career. The platform also allows verified employees to rate their CEOs and CXOs. Employees of startups such as Flipkart, Ola and Practo and larger firms like Accenture, Adobe, IBM, TCS, and Infosys use Hush to get answers to their workplace and career related queries.
Before founding Hush, both of its co-founders Dabral and Joshi, had earlier worked together at Yahoo for 2.5 years and later launched their first venture together in 2016 with expertise in product management and building cutting-edge technology for consumer tech products. The duo have expertise in product management and building cutting-edge technology for consumer tech products.
The fresh raise will strengthen the brand’s growth narrative and help them reach out to a wider audience through the introduction of cutting-edge technology. Ranging from career advice to various internal discussions, the platform has seen a wide range of use cases over the course of time. With the inclusion of new-age tech, Hush looks to create more features for employees to have access to.
At present, a user spends an average of 10 minutes per day on the app. Moving forward, Hush predicts the platform will onboard an additional 1000 companies within a year. The company has also observed an uptick in the usage of their platform’s newly-launched modules ‘Salary Data’ and ‘Career Advice.’
“One of our key responsibilities at Hush is to deliver authentic data to employees about various organisations so as to help them take better career decisions. The app is also helping employees voice their opinions anonymously about issues that they are facing in corporates, which provides valuable insights to employers and helps them take important business decisions,” Ashutosh Dabral, Co-Founder of Hush commented.
Dabral added, “We are extremely thrilled to have received support from Accel as it adds a lot of credibility to our existing business model. Excited with the increased demand from our consumers, our fresh raise is focused on expanding our technology to include a wider range of audiences with more use cases. The expanded capital base will also help us build better features, expand the team, and develop the platform’s user base.”
Hush began as a workplace discussion app for employees in September 2017. Now, it is on the path to become a platform that can be a companion throughout an employee’s career and help them move to the next level. In October 2018, they launched their new website https://hush.company/ that aims to be an authentic source of information about a company, including details such as salary levels, data culture descriptions.
Hush entered the market to tackle the growing need for employees to express their real opinions, discuss pressing concerns, and pose difficult questions on topics that are important to them on a common platform. As a lot of discussions on the platform were about salary levels and career growth, Hush launched the new modules on their website to better address user needs. The Hush platform now has communities from 300+ companies and reliable salary data for 700+ companies sourced from employees, HR professionals, and recruitment consultants. The company is also building a large scale machine learning model to predict salary levels and help people evaluate what salary they will be able to get based on their skill levels. It also provides career advice to employees via a network of experts.
Over the years, leading venture capitalists have invested over INR 1000 crore in the promising HR-tech startups, which have gained considerable momentum with the active role of investors in the space.
In March this year, Gurgaon based HR Technology startup Benepik had raised an undisclosed amount in seed funding from a group of investors.
In November last year, Mumbai-based HR tech startup Shortlist raised $1 million in seed funding from US-based venture capital firm University Ventures, ImpactAssets, Bodley Group, Kenya-based seed fund Zephyr Acorn, Samir Shah of Sattva Capital and several other investors from both India and the US.