While all the nine promising start-ups, identified by Forbes, bring innovations across domains, Vantage Circle is the only HR-related company to have featured in the list
India, for many years now, has been a thriving ground for startups, and there is certainly no dearth of innovations even now. Startups, such as Flipkart, Zomato, Ola, Paytm and a few more have gone beyond the billion-dollar mark, and as they continue to grow, there are others out there that are promising enough. While all the nine promising startups, identified by Forbes, bring innovations across domains, there is only one HR-related company to have featured in the list.
Vantage Circle, the Delhi-based startup, which offers a unique rewards platform, is the only HR- related company to have made it to the list of innovative and promising startups from India. Unlike most other startups based out of the metros, 90 per cent of Vantage Circle’s workforce is located in the scenic river town of Guwahati.
Founded in 2011, the seven-year old startup provides an employee rewards and benefits platform. It connects brands with companies to offer services, such as discounts for dining, holidays, insurance, utilities and wellness. Through its platform, it allows employees to compliment each other, recognise their work and let employers reward performers.
Partha Neog, CEO, Vantage Circle, says, “The Forbes recognition is a great boost. We are bringing about a change in the way employee engagement and benefits are thought about in India – not just improving the processes but also new ways to do it. We are just starting.”
The Company’s customers include eight of India’s top ten IT companies and others, including Deloitte and JP Morgan. With over six lakh users currently, it was able to generate revenues worth Rs 4.3 crore with profits of Rs 30 lakh, last year.
Now, the Company plans to offer its services globally. As a prelude to international operations, it is working with Indian companies operating in those geographies.