India: HR tech startup EdGE Networks raises $4.5m led by Kalaari, Ventureast

Photo: Reuters

EdGE Networks, an artificial intelligence-driven HR tech solutions company, has raised $4.5 million in a round led by venture capital firms Kalaari Capital and Ventureast.

The Bengaluru-based firm plans to use the Series A capital to strengthen its core product offerings for workforce optimisation and talent acquisition, according to an official statement.

“This funding will allow us to strengthen our technology, expand our team and move forward to realise our global ambitions,” EdGE Networks founder and CEO Arjun Pratap said.

Geographical and vertical expansion are two areas that the company will pursue across the next phase of growth, according to the statement.

Founded in 2013, EdGE Networks uses AI and data science to help address talent acquisition and workforce optimisation challenges faced by large and mid-sized organisations. It was among the six companies chosen by Google for its 2017 Launchpad Accelerator programme in the US.

In September, Mumbai- and California-based employment-tech startup Shortlist raised $1 million from US-based venture capital firm University Ventures and other investors. Earlier in June, another HR Tech startup Darwinbox had raised $4 million from venture capital firm Lightspeed and other investors.

Kalaari Capital is an early-stage, technology-focused venture capital firm with $650 million in assets under management. It recently led a $1.1-million round in Hyderabad-based medical transportation startup StanPlus through its seed fund Kstart. It also participated in a $6 million funding round in media-firm YourStory Media Pvt. Ltd along with UC-RNT Fund, 3one4 Capital and Qualcomm Ventures.

Also Read:

India: Employment-tech startup Shortlist raises funds from University Ventures, others

India: HR tech startup Darwinbox raises $4m from Lightspeed, others

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.