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Rippling targets 2,000 employees in India after $450 Mn funding

EntrackrEntrackr · 2m ago
Rippling targets 2,000 employees in India after $450 Mn funding
Medial

Title: Rippling targets 2,000 employees in India after $450 Mn funding Global HRtech company Rippling has expanded its presence in India with the opening of a second office in Bengaluru. The development follows its recent $450 million Series G funding round, which valued the company at $16.8 billion. Rippling plans to increase its workforce in India from 1,000 to 2,000 employees over the next three years, the company said in a press release. The new office spans 100,000 square feet at Embassy Tech Village, a major IT park in the city, and will accommodate teams across engineering, product, sales, and customer support. “Bangalore has always been a superpower for Rippling,” said Matt MacInnis, Rippling’s Chief Operating Officer. “We grew from 450 employees last year to over 1,000 today, and we’re continuing to scale rapidly. We take on some of our most important product work here, and we intend to keep expanding the autonomy and scope of this team.” Rippling lets businesses manage HR, IT, and Finance in one place across the globe. It combines systems like payroll, expenses, benefits, and device management into a single platform. This allows companies to manage and automate the entire employee lifecycle from one system. Founded in 2016 by Parker Conrad and Indian-origin entrepreneur Prasanna Shankar, the company has offices in San Francisco, New York, Austin, London, Dublin, Sydney, and Bengaluru. Shankar, however, departed in July 2020 and went on to launch the crypto startup 0xPPL in January 2023. Since launching in India in 2017, Rippling has hired more than 20 former founders and entrepreneurs in the country to strengthen its leadership bench. Key hires include Ajay Chandra, principal engineer and former co-founder of Infibeam, and Nimish Bhonsale, senior director of engineering and former co-founder of Elda Health. In 2024, Rippling appointed former Walmart executive Mrinal Chatterjee as its country head. Rippling claims to have crossed $100 million in annual recurring revenue and now supports over 20,000 customers through its growing portfolio of more than 20 products across HR, IT, and finance management. Its investor base includes Y Combinator, Elad Gil, Sands Capital, GIC, Goldman Sachs Growth, Coatue, Founders Fund, Greenoaks, and Dragoneer.

HRtech startup Umwelt raises seed round

EntrackrEntrackr · 1y ago
HRtech startup Umwelt raises seed round
Medial

HR technology platform Umwelt.AI has secured $125K in a seed funding round led by Upekkha. The proceeds will be allocated towards expanding its global footprint and delivering impactful solutions to organizations across various industries, Umwelt said in a press release. The company had earlier raised $125,000 in a pre-seed round from its existing investor last year. Launched in 2023 by Vishal Chopra, Umwelt.Ai offers people analytics and employee experience solution that goes beyond traditional HR approaches. It helps other organizations to improve their employee net promoter score (ENPS) and employee response rates, resulting in a more engaged workforce. According to the Faridabad-based company, it utilizes behavioral science, chatBot technology, and advanced analytics to enable CEOs and HR leaders to listen, analyze, and act on employee feedback in real-time. The platform measures indicators such as mood, engagement, and risk of attrition, allowing companies to address issues before they escalate. Through predictive analytics, it has reduced early attrition rates, leading to cost savings and improved talent retention. Umwelt claims to have served companies like Quess Corp, Vero Moda, Jack & Jones, Foundit, and Allsec BPO. It competes with the other startups in this space such as Amara.ai, infeedo, Leena.AI and others.

Space-tech startup Omspace raises $3 Mn in pre-seed round

EntrackrEntrackr · 6d ago
Space-tech startup Omspace raises $3 Mn in pre-seed round
Medial

Snippets Space-tech startup Omspace raises $3 Mn in pre-seed round Omspace Rocket and Exploration, an Indian space-tech startup incubated at CrAdLE (Centre for Advancing & Launching Enterprises), has raised $3 million in a pre-seed funding round from a Family Office and an Angel Investor. The proceeds will be utilized to finalize and begin test launches of the Infinity One prototype, expand its research & development team, and hire specialized talent to strengthen manufacturing infrastructure and ground systems, Omspace said in a press release. Co-founded in 2020 by Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, Omspace's flagship innovation, Infinity One, aims to deliver payloads of approximately 350 kg to altitudes of up to 800 km. With an emphasis on fuel efficiency and cost-effectiveness, the launch system seeks to offer a reliable launch solution for India’s growing space-tech sector. The Ahmedabad-based startup plans to improve access to space by developing reusable launch vehicles for small and nano satellites. It seeks to make space exploration more accessible for emerging markets. “This funding is a major milestone in our mission to democratize access to space from India. We are deeply thankful to CrAdLE and EDII for believing in our vision and enabling us with the resources, mentorship, and environment to take bold leaps,” said Mistry. Omspace claims that it has recently expanded its international presence through its UAE branch, OSRE FZC, with a first commercial launch planned for January 2028.

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