The round also saw participation from fintech veterans Abhishant Pant (Founder of Fintech Meetup); Navin Surya (Chairman Emeritus, Payments Council of India); Madhusunandan R (Founder of YAP); Jose Thattil (Founder of Phi Commerce); Tejasvi Mohanram (Founder of RupeePower); and Chiranth Patil (BetaPlus Capital), among others.
The startup plans to utilise the funds to further develop its product offerings, and to scale into multiple diversified platforms.
Started in 2018, Zimyo is a cloud-based HR and benefits solutions for startups, small and medium businesses, helping them manage talent, with a particular focus on assisting employees with financial offerings.
Currently, Zimyo serves more than 150 organisations across the country, managing HR and payroll for over 32,000 employees. Post this fundraising, the company is aiming to on-board over 200,000 employees on its platform by 2020.
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