Tata Capital Fund has invested $10 million in ZingHR. Tata Capital Fund will now own a 33 per cent stake in the company. ZingHR is thinking to use the funds for expanding into global markets and upgrading. “Our target is to grow the revenues 10x in the next 12 to 18 months,” ZingHR Founder Prasad Rajappan said.

The firm already exists in markets like Australia, Southeast Asia and the Middle East and will now expand in Europe, North Africa and the United States. “We need to increase our efforts in global markets, and with the new funds raised, we are going to pursue these markets aggressively,” he added.

ZingHR offers tech-driven solutions in the HR domain that help firms align their transitions with business outcomes while increasing the employee experience. The company serves more than 700 enterprises with vertical-specific solutions for BFSI, retail, services, IT-ITeS, staffing, pharma & healthcare, and manufacturing. This funding will help in deciding our further expansion plans,” Rajappan added.