inFeedo to raise seed fund while going against Microsoft
Bootstrapped for more than a year, Tanmaya Jain CEO of inFeedo raised an undisclosed amount in Angel round from managing partner at Redcliffe Capital, a UK-based hedge fund . This $150,000 round was led by Dheeraj and preceded by Palash Jain, Ex-Head of Google India Core Operations. inFeedo is in conversations with relevant angels and HNIs having a strong background in the HR-Tech space to complete the remaining round in the month of September.
“inFeedo is the next disruption, having aligned itself perfectly with the global shift towards people management. We have heard stellar feedback from their clients on how they have arrested attrition and helped boost employee productivity. It’s efficient SaaS model will enable them manage culture in organizations across the globe!” said Dheeraj, Managing Partner, Redcliffe Capital.
Tanmaya Jain and his roommate Varun Puri started inFeedo 3 years back to make every employee feel special. Their HR analytics platform is trying to improve employee satisfaction with their artificial intelligence, Chatbot feature. This AI is called “Amber” and can automatically talk to employees at specific intervals in their lifecycle. Based on their chats, auto-generate Culture Reports for HR leaders to proactively meet those who’re unhappy, facing troubles or about to leave.
“If HR and Data Science were to marry, inFeedo would be the baby. It’s been a real emotional roller coaster ride, watching our baby grow up into a platform that can engage 5500+ employees, generate 1000+ ideas, host 10+ anonymous townhalls and predict attrition in ways that are humanly impossible”, said Tanmaya, Founder, inFeedo.
Companies like inFeedo are in Microsoft’s radar. Everyone knows Yammer’s story. This startup, specially Tamaya is growing against all odds and wants to create a great value with inFeedo. Our team wishes Tanmaya all the best for his journey and future endeavors.