Mumbai-based HR management solutions providing firm ZingHR has invested an undisclosed amount in LokiBots, a cloud-native and intelligent automation startup based in Silicon Valley, California for an undisclosed stake.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Through this investment, ZingHR will be able to expand its human capital management (HCM) products with new features and capabilities by utilising the most advanced AI-based software bots, conversational AI (artificial intelligence), and document AI. This will make it possible for ZingHR to extend its network of more than 1000 customers and over 1.6 million active users throughout the world, which is continually expanding, using its AI-based products and services. ZingHR has incorporated ML (machine learning), DL (deep learning) and Blockchain in their current set of products and in the enterprise offering. 

"Our goal has always been to bring the power of intelligent automation to businesses of all sizes, and with ZingHR's vast clientele and financial support, we will be able to strengthen our Go-To-Market initiatives. It will also enable us to accelerate our mission of democratizing intelligent automation for businesses,” said SrilathaCharuvu, co-founder and CEO of LokiBots.

LokiBots, a cloud-native, intelligent automation startup, with its extended product & sales teams in India, Prague & Singapore, empowers non-technical users to create software bots and automate repetitive computer tasks.

“ZingHR’s strategic investment in LokiBots will play a significant step in our journey to revolutionize the enterprise HR Tech landscape. Our aim with such strategic relationships is to set a new standard in speed, efficiency, and productivity in the HR tech industry and deliver unparalleled value to our clients. This can be also leveraged by our customers for many of their non-HR processes like accounting, sales, procurement and many others," said Prasad Rajappan, founder and MD of ZingHR.

Microsoft-backed ZingHR's mobile-first solution covers the entire HR spectrum like talent acquisition, talent management, workforce management, multi-country payroll & alumni management providing a seamless experience for HR departments and employees alike.

ALSO READ: AI firm Adept gets $350 million in Series B round from General Catalyst, Spark Capital, others