Bengaluru based greytHR raises INR 51.8 crore led by Info Edge
Summary
Bengaluru based HR tech startup greytHR has announced that it has raised INR 51.8 crore in its recent round of funding. The funding round was led by Sanjeev Bikchandani-led Info Edge as well as MegaDelta Capital through Millena FVCI III Ltd. greytHR has issued 6,20,000 Series D compulsory convertible debentures to the existing shareholders Info Edge and Millena Capital for the trade. This investment comes just two years after the parent company of greytHR raised INR 34.5 crore in Series C round of funding. According to the Fortune Business Insights report, “Digital transformation is likely to disrupt industries post the Covid-19 crisis. The rapidly changing market dynamics of business models have forced HR teams to adopt new ways to respond to the needs of the workforce.” With the proclamation made by the report, greytHR is likely to see a surge in its revenue over the coming years.
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