HR Tech startup Zimyo has raised 1.5 Mn in its seed funding round led by BEENEXT. Yatra Angel Network and Angel List also participated in the funding round.
Angel Investors Abhishant Pant, Founder at The FinTech Meetup, and Navin Surya, Chairman at FinTech Convergence Council also participated in the funding round.
Kumar Mayank, Co-Founder, and CEO at Zimyo said, “We are thrilled to see great adoption of our core HR software and payroll platform mostly through word of mouth and client referral. Our financial benefits products are seeing good early traction especially in times of need.”
Mayank added, “BEENEXT partnership brings a unique global perspective in Zimyo’s journey.”
The startup plans to use the seed funding to strengthen the team and technology to expand its business. Meanwhile, Sayali Karanjkar, Co-founder, Payments will be joining the board as an advisor to Zimyo on building FinTech products and global expansion.
Founded in 2018 by Kumar Mayank and Ajay Kadyan, Zimyo HRMS is an easy-to-use HR SaaS solution for startups, small and medium businesses that ensures secure and easy management of HR activities for an organization. It’s feature-rich, yet simple and scalable.
The startup’s mission is to empower every entrepreneur, startup, and small-medium enterprise to achieve more and believes in a cloud-first world, building solutions that cover the entire spectrum from HRMS to Supply Chain Solutions.
Choudhary added that with Zimyo’s differentiated offering of Financial Benefits riding on core HR and Payroll solutions, BEENEXT believes SMBs will be able to better serve their employees resulting in a high NPS and low attrition. This is even more critical in a new remote work environment post-COVID.