Human resource technology startup Hono raises USD 5 mn in funding round led by Aakash Chaudhry
Human resource technology startup Hono on Wednesday said it has raised USD 5 million (around Rs 39 crore) in a funding round led by test preparation company Aakash+Byju's managing director Aakash Chaudhry

Human resource technology startup Hono has raised USD 5 million (around Rs 39 crore) in a funding round led by test preparation company Aakash+Byju's managing director Aakash Chaudhry. The fund raise happend last week and the company informed about it in a statement.
Chaudhry invested USD 4 million in the round while USD 1 million was raised from other individual investors such as Hemant Sultania of Aakash Educational Services Ltd (AESL), Amit Khanna of Amaya Ventures, and Harsh Gupta of Udayat Group, a PTI report said.
Hono is looking to leverage the fresh corpus of funds to expand operations across India, the Middle East, and Southeast Asia, increase market footprint and strengthen its product offering, a company statement said.
See Zee Business Live TV Streaming Below:
With over 300 clients like Indigo Airlines, Spencer's Retail, Kanmo Group, Dainik Bhaskar, Al Fardan Group, NBC Bearings, HDFC Bank, Medicover, Aakash+Byju's, and over 1 million employees, Hono claims to have logged 2-fold growth during financial year 2022.
"We expect HONO's growth curve to show a much steeper rise hereon. Besides, we value the strong and constructive relationship with Hono," Chaudhry said.
With this investment, Chaudhry will join the Board of Directors of the company and will be actively involved in guiding business operations.
"Having Aakash Chaudhry and our new group of investors in the fold, makes the Hono journey even more exciting. Their presence and this strategic investment not only establishes our investors' faith in the business, but also reinstates our belief and the belief of the market in the direction Hono is evolving," Hono founder & CEO Mukul Jain said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

SBI Senior Citizen FD Rates: Want to invest Rs 3,00,000 in SBI FD? You can get this much maturity amount in 1 year, 3 years, and 5 years

EPS Pension Calculation: Rs 40,000 basic salary, 30 years of service, what will be your monthly EPS pension amount?

Retirement Planning: How one-time investment of Rs 11,00,000 can create a Rs 3,30,00,000 retirement corpus

Top 5 SBI Mutual Fund Schemes: Rs 1 lakh lump sum investment has grown to Rs 2.84 lakh-3.50 lakh in 5 years; see list

IND VS PAK Live Cricket Score Streaming APPS: When and where to watch India vs Pakistan ICC Champions Trophy 2025

SBI vs PNB vs BoB- 5 year FD Scheme: Which bank can give you higher return on Rs 1 lakh and Rs 2 lakh investment?

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 45,000, or Rs 55,000? Know what can be your total pension as per latest DR rates

Income Tax Calculations: Is your annual salary Rs 6.75 lakh, Rs 9.25 lakh, Rs 14.50 lakh, or Rs 18.50 lakh? Know how much tax you will pay in old and new tax regimes
12:56 PM IST