Cloud-tech HR venture ZingHR on Monday said it has raised USD 10 million (about Rs 74.2 crore) from Tata Capital Funds that will give the latter a 33 per cent stake in the company. ZingHR will use the funding for expansion into more global markets, upgrade technology and scale up its talent pool, a statement said. “We are thrilled to announce that we have bagged $10 million funding from Tata Capital Funds. Zing HR's SaaS solution is robust, nimble and adopted by marquee customers," Akhil Awasthi, Managing Partner – Tata Capital Growth Fund, said. Founded in 2014 by Prasad Rajappan, ZingHR offers comprehensive 'hire-to-retire solutions' to aid organisations to adopt digital transformation and improve business outcomes while enhancing the employee experience.

Source: The North Africa Journal January 17, 2022 13:51 UTC