Tech Investments in HR Doubles

With a job market developing and organizations concentrating on cost-cutting solutions with existing workers, angel and venture capitalists are writing more cheques for HR tech start-ups. As indicated by information from Venture Intelligence, a year ago financial specialists invested $116 million into 19 organizations.

AI-based solutions for hiring, upskilling and employee management are catching investor attention. Space likewise incorporates start-ups taking care of employee evaluation and B2B reskilling.

Successful organizations, for example, Darwinbox and Interview Bit back in the investment market, clinging series A or higher rounds after increasing a seed round a few years ago. Established financial specialists, such as Sequoia, Accel India and Tiger Global joined in the funding. Investors add that HR or job tech is one of their focus zones and those providing catering to level 2 and level 3 urban cities would make the cut.