HR Tech startup, Advantage Club has managed to raise about $5 million from various investors including, Y-Combinator, Jetty Ventures, Earlsfield Capital, SMC Advisors, as well as Kunal Shah, founder, Cred and others.
The Delaware-based employee-engagement and benefits platform, driven by artificial intelligence (AI), raised $3.3 million from Jetty Ventures, Earlsfield Capital, SMC Advisors and other investors. In addition, in the latest round t managed to raise $1.7 M from Y Combinator, Broom Ventures, Kunal Shah and others.
With this fresh infusion of capital, Advantage Club will expand its operations across the world and enhance its offerings of tech-led products and features.
It will continue to invest in artificial intelligence and machine learning to make its product offerings more efficient. offerings.
The Company that has a 70-strong workforce right now, is hiring across locations and planning to expand the team strength to 170.
It has operations in over 60 countries including India, Philippines, Malaysia, Vietnam, Indonesia, Egypt, the US and the UAE. It is on the lookout for people in sales, marketing and technology.
Sourabh Deorah, CEO and co-founder, Advantage Club, reveals that the Company is working to “bolster its presence internationally” and “hire the right talent to manage all operations globally.”
According to him, the Company aims “to evolve as a single global platform for employee engagement and financial wellness in the SEA and MENA market.”
Smiti Deorah, co-founder and COO, points out that they have observed that “the value of digitisation has increased significantly. With ‘work from home becoming’ increasingly normal, cross-border collaboration within companies has increased and requirement of employee engagement has become truly global.”
Therefore, Advantage Club will “continue solving this problem by building global products catering to HR teams across the world, driving higher retention and productivity.”
It already boasts of over 370 clients across 60+ countries, including Concentrix, Teleperformance, Hexaware, EY, Target and more.