The Indian HR (human resources) Tech industry has, in recent years, witnessed a wave of new investments. The sector has accrued considerable funding in the past two years, primarily driven by the Covid-19-induced lockdown.
As the pandemic pushed organisations to work remotely, the HR Tech space saw an influx of investments. Instead of slowing down, this trend has only picked up steam as the sector is now experiencing massive technological disruption, according to experts.
According to data from Tracxn, a market intelligence platform, HR Tech start-ups have raised $426 million in funding from 83 rounds (between January 1 and November 28)