This is not just about securing funding it is also a validation of our ideas and approach in a world where many funded businesses are struggling to survive. I am happy that we found the right investing partner in WestBridge Capital. We wanted to partner with someone with a long-term vision for the HR tech space. Finding the right investment partner was also significant for us. Although we got several offers for funding in the past, we never felt the timing was right. We have been the fastest-growing HR tech leader in our space. Yalamanchili further said, “I believe we raised funding at the right time. ![]() Despite being bootstrapped all this while, we managed to thrive in the market, thanks to our employees and customers.” We want to help organisations focus better on their core asset – the employees. Businesses can no longer afford to do that. Keka is a SaaS employee experience platform that combines HR, payroll, ATS and performance management in a single suite of tools. I’d love to see tremendous momentum around climate action in India, so it can claim its role as both a climate leader and its responsibility as the world’s. While there have been plenty of tools to cover the customer experience, employee experience has taken a back seat. I hope that in 10 years’ time the ICC will have built the field of climate philanthropy in India to the extent that we’re no longer needed in our current form. Vijay Yalamanchili, CEO, Keka, Said, “Business today means serving both customers and employees. We are very excited about Keka’s potential and look forward to a long partnership with the company.” We are aligned with their vision to build the best mid-market focused global HR Tech platform that will allow companies around the world to modernise their HR processes. Keka is disrupting the industry through its world-class product and highly reliable customer support. Rishit Desai, Principal, WestBridge Capital, said, “In a short period of time, Keka has emerged as India’s most trusted and innovative HR Tech platform. By 2021, it had crossed the 5,500-customer landmark, according to a statement. ![]() Form 12B: Form 12B is a statement to be provided by the employer to an employee if he is joining in the middle of the year. Form 24Q: Form 24Q is used to file the return for tax deducted at source from salary payments. Starting with the 100-customer milestone in 2017, Hyderabad-based Keka grew exponentially in just a couple of years, crossing the $750,000 ARR (Annual Recurring Revenue) in 2017 and achieving a 7X sales growth in 2020. Let us check the different types of payroll forms in India that one must know. ![]() Vijay Yalamanchili, CEO, Keka Keka, an HR tech company launched in 2016, on Wednesday announced that it has secured India’s largest Series A SaaS funding of $57 million from WestBridge Capital.
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