Keka, founded by Vijay Yalamanchilli, has secured historic funding of $57 Million in one of the largest series ‘A SaaS’ funding.
Yalamanchilli with his team has now already started putting efforts to expand the product, improve their offerings, and strengthen customer support after raising funds. He stated, “We want to build a world-class product here in India that will cater to the global market. As we advance, R&D will be our primary area of focus as we expand our engineering, product, and customer success teams,”
According to Yalamanchill, their business means to serve customers as well as employees simultaneously. Although there are many tools available to manage the consumer experience, not many of them help in managing the employee experience. He further said that even after being a bootstrapped company, Keka strived to stay in the market all because of its happy customers and employees. Therefore, Mr. Vijay wants to assist other companies to focus more on their employees now.
Yalamanchill further stated that they have always raised funding at the correct time with the right investing partner. He was looking to work with someone who has a long-term perspective on HR technology. He is quite happy to collaborate with WestBridge Capital. As per him, it is not only about securing funds but rather getting approval for approaches and ideas. And this is where hugely funded businesses are still struggling.
According to Rishit Desai (Principal, WestBridge Capital), Keka’s top-notch products and dependable customer service are disrupting the market. He said, “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 modernize their HR processes. We are excited about Keka’s potential and look forward to a long partnership with the company.”