inFeedo raises funds from HNIs
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New Delhi: Employee engagement platform inFeedo raised an undisclosed amount of funding, led by Dheeraj Jain, managing partner Redcliffe Capital, a UK-based hedge fund.
Palash Jain, a former Google India core operations head also participated in the round along with other high net-worth individuals (HNIs), Radcliffe said in a statement on Friday.
The company plans to use the funds for international expansion, invest in technology and human resources.
“We have heard stellar feedback from their (inFeedo’s) clients on how they have arrested attrition and helped boost employee productivity. It’s efficient SaaS (software as a service) model will enable them to manage culture in organisations across the globe,” said Dheeraj.
Founded in 2013 by Tanmaya Jain and Varun Puri, inFeedo operates by providing chatbot software as SaaS to other businesses.
The chatbot called Amber “talks to employees at specific intervals in their lifecycle (of the job) and based on their chats, auto generate culture reports for HR (human resource) leaders to proactively meet those who’re unhappy, facing troubles or about to leave”, said the company.
A chatbot is a messaging software based on artificial intelligence technology that can converse with human users.