Advantage Club, a Gurugram-based HR Tech firm, said that it has raised approximately $5 million in a Pre-Series A round from Y Combinator, Jetty Ventures, Earlsfield Capital, SMC Advisors, Kunal Shah, and others.
The company was founded in 2014, has revealed that it plans to increase its employment from 70 to 170 people. The recruiting will take place in a variety of fields, including sales, marketing, and technology.
Advantage Club claims to partner with over 370 businesses in more than 60 countries, including Concentrix, Teleperformance, Hexaware, EY, Target, and others. It is currently pursuing opportunities in India, Southeast Asia, the Middle East, and North Africa. a $13 billion revenue opportunit.
Speaking on the announcement, Sourabh Deorah, Co-founder and CEO, Advantage Club, said, “The latest influx of funds will help us bolster our presence internationally and help us hire the right talent to manage our operations globally. We aim to evolve as a single global platform for employee engagement and financial wellness in the SEA and MENA market.”
Smiti Deorah, Co-founder and COO, added, “As we are nearing the endemic, the long term impact we have observed over these testing times is that the value of digitisation has increased significantly. With work from home becoming increasingly normal, cross border collaboration within companies has increased and the requirement of employee engagement has become truly global. We will continue solving this problem by building global products catering to HR teams across the world, driving higher retention and productivity.“