HONO, an HR automation and tech platform has received funding through a series A round in which Aakash Chaudhry, managing director, Aakash+BYJU’s participated. This round of funding is valued at $4 million.
HONO has raised another $1 million from other investors such as Hemant Sultania, Amit Khanna from Amaya Ventures, and Harsh Gupta from Udayat Group.
Strategically, HONO is looking to leverage the fresh corpus of funds to expand its operations across India, the Middle East, and Southeast Asia, increasing its market footprint and strengthening its product offering.
Chaudhary says, “We expect HONO’s growth curve to show a much steeper rise hereon. Besides, we value the strong and constructive relationship with HONO, developed over years of association with them as a client. We believe in working with brands that are committed to revolutionising the industry. And HONO’s vision, its client centricity and its high-end solutions show that promise,” shares Chaudhry.
Chaudhry will also join the Board of Directors of the company and will be actively involved in guiding business operations.
“Having Aakash Chaudhry and our new group of investors in the fold, makes the HONO journey even more exciting. Their presence and this strategic investment not only establishes our investors’ faith in the business, but also reinstates our belief and the belief of the market in the direction HONO is evolving”, says Mukul Jain, founder & CEO, HONO, on this new development.