Y Combinator, an American investor, has recently announced the success of their latest "graduate", Gurugram-based HRTech startup Leena AI, with a confirmed $2 million secured in a seed funding round.
Leena AI’s Co-founder Adit Jain told Inc42 that the investors include individuals and groups with a rich knowledge base and experience in the startup industry. Jain emphasized that most of their funds are from the Valley, while investors from the Latin America, Indonesia, Middle East, and India also joined the round.
“Elad Gil (the well-renowned investor/advisor based who has been associated with companies like Airbnb, Coinbase, Gusto, Instacart, OpenDoor, and Pinterest etc.), FundersClub Fund, Quiet Capital (Lee Linden, Matt Humphrey, and Ray Bradford), Kunal Bahl and Rohit Bansal (founders of Indian ecommerce platform Snapdeal) and Cathexis Ventures along with a few other angel investors also participated in the funding round,” Jain explained.
The company plans to use the funds for product development and international expansion.
On the experience with Y Combinator, Jain said, “Y Combinator helped us learn how to laser focus on things that are going to make us big and add value to our customers. This is something no one talks about in the ecosystem and is immensely valuable for all YC companies.”
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