Keka HR raises USD 1.6 million through Recur Club

HR tech platform Keka HR on Monday said it has raised USD 1.6 million (about Rs 12 crore) non-dilutive growth capital through Recur Club, a new-age subscription-based financing platform.

WATCH | Click on Zee Business Live TV Streaming Below:

Keka will use the funds for growth and customer acquisition by investing in marketing and sales, the company said in a statement.

"The promise of a subscription-based financing that doesn't dilute equity was a no brainer. With Recur Club we were able to close the transaction in a couple of days. Most importantly, we were able to raise funds without any collateral which generally makes it impossible for entrepreneurs to raise any money in early stages," Keka HR CEO Vijay Yalamanchili added.