inFeedo hoists $700K in series A funding round

The SaaS-based analytics startup inFeedo has hoisted $700K in a Series A funding round headed by Y Combinator, an American seed money startup. 

 

As reported by the Economic Times, various other investors that participated in the round include the founder of Innov8 Ritesh Malik, Lenskart’s cofounder Peyush Bansal, previous Facebook executive Anand Chandrashekharan, Cisco's Chief Growth Officer Vinod Muthukrishnan, CEO at Inventus Law Anil Advani, as well as Kwench founder Sunder Nookala and 100x Entrepreneur Fund.

 

Previously the startup had hoisted a seed investment of $200,000 from a group of investors headed by Dheeraj Jain, the managing director of Redcliffe Capital as well as People Group founder Anupam Mittal in December 2016. 

 

inFeedo has built up an AI-powered chatbot termed Amber which has discussions with distant employees to support CEOs and human asset (HR) pioneers in measuring worker commitment, dissecting singular employee and organizational opinion, anticipating attrition and distinguishing culture, diversity, and leadership holes that frequently get overlooked. 

 

Tanmaya Jain, the founder and CEO of inFeedo has stated that that the startup’s fundamental means of hoisting money during the pandemic was to twofold down in South-East Asia and assemble a leadership group that supports customers in remotely interfacing with their employees better and emerging out of Covid-19 more grounded than previously.

 

inFeedo announces having more than 100 clients across over 50 nations which include organizations like Airtel, Lenovo, Unilever, GE Healthcare, Tata Group, Puma, and Oyo. 

 

Regarding the settlement, Ritesh Malik stated that having profited straightforwardly from Amber at Oyo, as a client, he was enthusiastic about putting resources into inFeedo as an organization with a solid worth framework that has always given priority to client advocacy in place of investor relations.