Keka, an HR tech leader based out of Hyderabad, has secured India’s largest Series A SaaS funding with a whopping $57 million from WestBridge Capital.

Launched in 2016, Keka entered the HR tech space as a bootstrapped company. Pitted against well-funded Goliaths, it not only emerged victorious but also established itself as a leader in the SME segment.

Championing the cause of HR practitioners at all levels, Keka has built a highly innovative product that was continually shaped and optimized to suit the practical requirements of the industry, all without securing any funding and staying bootstrapped. By the end of 2021, Keka was embraced by more than 5500 companies.

Vijay Yalamanchili, CEO, Keka says, “Business today means serving both customers and employees. While there have been plenty of tools to cover the customer experience, employee experience has taken a back seat. Businesses can no longer afford to do that. We want to help organizations focus better on their core asset – the employees. Despite being bootstrapped all this while, we managed to thrive in the market, thanks to our employees and customers.”

“I believe we rose funding at the right time. We have been the fastest-growing HR tech leader in our space. Although we got several offers for funding in the past, we never felt the timing was right. Finding the right investment partner was also significant for us,” says Yalamanchili.

Yalamanchili says, “We wanted to partner with someone with a long-term vision for the HR tech space. I am happy that we found the right investing partner in WestBridge Capital. This is not just about securing funding; it is also a validation of our idea.”