HR Solutions | Pixr8 News

New Delhi based Info Edge has invested about Rs 35 crore in Greytip Software, a provider of HR and payroll software solutions. Info Edge (India) has agreed to acquire 404,696 compulsorily convertible preference shares and 29,948 ordinary shares via mix of primary infusion and secondary purchase, a regulatory filing said. The aggregate shareholding of the company, post this investment, in the said entity would be 20.25 per cent on fully converted and diluted basis, it added. Greytip Software was set up in 1994 and started focusing on software as a service (SaaS) in 2011. It has over 9,000 customers spread over 150 cities in India and the Middle East. Its turnover stood at Rs 28.31 crore in 2018-19. "We strongly believe that this fund raise is pivotal in acceleratin...

HR technical solutions provider company- EdGE Networks has recently raised $4.5 million in a Series A round of funding from Kalaari Capital, with Ventureast as a co-investor. The company said it will use the Series A capital to strengthen its core product offerings for workforce optimisation and talent acquisition. Geographical and vertical expansion are two areas that the company will pursue across the next phase of growth, EdGE Networks said in a statement. “AI-driven solutions are fast taking main-stage in solving real problems faced by enterprises and opening up opportunities for step changes in business processes and cost innovations. EdGE Networks is at the forefront of AI-led HR innovation and we are excited to partner with them on their journey.” said Sumit Jain, Partner at ...

Tag: HR Solutions

Info Edge Invests in Greytip Software

EdGE Networks Raises $4.5M, Plans To Strengthen Tech