HR Tech Space Leader Keka Raised $1.6 Mn Non-dilutive Revenue Funding

Keka HR, the market leading HR tech platform for SME businesses in India, raised $1.6MN non-dilutive growth capital through Recur Club

The SME HR Tech space leader Keka is making waves after raising $1.6 million non-dilutive revenue funding. The feat was achieved through trading subscriptions made on Recur Club, which enables companies to access capital growth.

Through this, Keka leads the Indian companies in paving the pathway to use non-dilutive funding for scaling its business, the company said. With 4750+ customers in India, Keka aims to take its expertise to the other countries in 2022 with a major global expansion.

Though revenue-based funding was a known phenomenon, Keka has become the pioneer in driving attention towards it for other SaaS companies to utilize its advantage. Revenue funding allows businesses to scale without having to depend on venture capitalists and giving away part of company ownership.

The revenue generated from Recur Club is going to be invested in Marketing, Sales and the further growth possibilities of Keka in the world. This heralds a new Era of frugal and sustainable growth in the midst of 6 month olds becoming Unicorns through accessible funding.

Keka, an HR automation software, started in 2015 with the mission of solving complex HR challenges. It earned accolades for thriving despite being a bootstrapped company. The company looks forward to be the torch bearer for all bootstrapped startups with this new age financing.

Speaking about the funding and its utilization, Vijay Yalamanchili, CEO of Keka mentions, "Non-dilutive funding will become the norm for bootstrapped SaaS companies in the world. SaaS founders should focus on building Awesome experiences and not run after investment rounds, which often cuts their ownership margin and control of the company. The raised funding will be invested in hiring and expanding the company further across geographies. We intend to hire 200-300 more employees in the next financial year and this funding will be utilized to make the hiring season successful.”

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 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.d;’

As for Recur Club, it is the leader in India when it comes to revenue financing. Bootstrapped startups can get access to a significant amount of capital to supercharge their journey before they turn to Venture Capitalists’ money.

Recur Club is Asia’s first and only trading platform for companies with recurring revenue streams that gives access to growth capital at the click of a button. It connects companies directly with institutional investors to trade their subscriptions for upfront cash - it’s like your monthly or quarterly customers just paid you upfront instantly. Recur Club 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.

India’s Leading HRMS Service Provider Keka Is Gearing Up to Hire 150-200 New Employees Till Fy 2022

75 percent of the openings will be in the tech department while the rest 25 per cent will witness opportunities for non-tech roles

New Delhi 13th Aug 2021: The leading HRMS and Payroll software provider, Keka, is all set to increase the hiring opportunities available in the company with its recent announcement. Within the next two years, the company will be doubling its employee strength with 150-200 new hires. The determination to further revolutionize the HR world and the zeal to continue thriving has paved the way for Keka to expand its employee size.

The move directs the brand’s focus on expanding its product’s technical assistance and developing a strong tech-enabled customer service to not just strengthen the software further but also to remain firmer on its “people-first” mindset. The hiring will allow freshers and experienced professionals of various domains to apply to one of the fastest growing tech companies in India. Apart from tech-related roles, several non-tech jobs will be filled up, including across different departments like product, customer success, sales, HR and more.

The approximate number of hires of be made till FY 2022 in different categories are as follows:

• Sales- 40 job openings
• Tech- 60 job openings
• Customer Service- 60 job openings
• Other departments- 40 job openings

Final year students will also have opportunities in the form of internship through college placements.

Speaking about the company’s aim with this new announcement, Vijay Yalamanchili, Founder of Keka, said, “These hirings are a crucial part of the next growth phase. With the addition of learned and skilled employees, we aim at building a deep tech-enabled interface in our existing software, thereby catering the best services to our employees. This expansion will also help in accelerating our vision of growth and enabling an even better customer service experience for our clients.”

During its journey, Keka ascertained the industry’s need for an enhanced, tech-enabled, real-time and instantaneous client service, essential in the current pandemic-induced remote working set-up. Its employee expansion is a crucial part of this vision to serve customers better.

Keka is determined to hire nearly 65 per cent of the Freshers with 0-3 years of experience in the field. The next 20 per cent will hire Mid-level professionals having 2-5 years of experience while the remaining 15 per cent will have openings for Senior-level leadership roles.

Keka has an employee size of close to 250, including interns. This provides an excellent environment of a corporate world and with its next hiring season, the company will be a great opportunity to work with, given its growth-centric guidance and training given to every employee. Ideal candidates would have knowledge of Payroll software and the HR department as well.

The company’s association of talent and behavior with productivity in terms of recruitment to expand the family has brought them to where they are today. Keka’s employee-first mindset did not let the pandemic’s wrath affect the employees’ salaries. Moreover, no layoffs were made during the time when other companies were sacking nearly 50 per cent of their workforce.

When asked about the key skills needed to earn a position at Keka, the company representative said that they screen candidates based on their knowledge of the role, behaviour and dedication. A hard-working attitude matched with an analytical approach towards work and a passion to excel at what they do will help candidates stand out from the crowd. Keka believes in fostering the personal career growth of its employees as well and is looking forward to hire candidates who are ambitious.

About Keka:

Keka is on a mission to create inspiring digital workplaces where employees can do their best work. It all started when Vijay Y and Sashi P wanted to implement an HR software in their growing IT services organization. Frustration due to the existing inefficient HR products in the Indian market and their poor user experience drove them to create an HRMS product, which the Indian HR fraternity truly deserved. Thus in 2015, the Keka product journey began. 

Unlike the traditional HR systems, Keka focused on solving complex HR problems in a simple and intuitive way. The product enables organizations to manage their HR processes from hire to retire while ensuring an awesome user experience for the employees. This is the major reason Keka has been embraced by 3750+ organizations within just 4.5 years. Keka, which coined the term Employee Experience Software, is loved by more than 300,000 employees in India. Recognized by some as the growing market leader and by others as HR tech disruptor, Keka has become the Tesla(TM) of Indian HR products.