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Tata Capital-backed HRtech startup ZingHR's FY23 revenue jumps 51% to Rs 84.5Cr

IndianStartupNews

IndianStartupNews · 8m

Tata Capital-backed HRtech startup ZingHR's FY23 revenue jumps 51% to Rs 84.5Cr

ZingHR, an HRtech startup, has reported a 51% increase in revenue from operations in the fiscal year ending March 2023, reaching Rs 84.48 crore. This growth can be attributed to the surge in subscription-based software sales, which increased by 51.48% during this period. However, despite the revenue growth, ZingHR's losses also rose by 84.4% to approximately Rs 21 crore. The company claims to have a global presence, serving over 1,100 customers and two million active users in eight countries. ZingHR has raised around $13 million in funding to date, with Tata Capital as the largest stakeholder.

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