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18 January 2022

Tata Capital Growth Fund II, the flagship private equity fund of Tata Capital, has invested $10 million in ZingHR, an HR tech platform that provides end-to-end employee lifecycle management services, reports VCCircle. After the investment, Tata Capital will pick up around 33% equity stake in the company.  An additional $1 million has been raised from existing investors, said Prasad Rajappan, MD and CEO, ZingHR. he Mumbai-based HR tech platform’s existing investors include Accel Partners, serial entrepreneur fintech startup Zeta's Co-founder Bhavin Turakhiaco-founder Bhavin Turakhia, Mumbai Angels Network and investment firm Triton.  The company claims that with the latest investment, ZingHR, which is operated by Zinghr Techno India Pvt. Ltd, has raised $12 million so far. "Of the investment, around 30% will be utilised for further geographic expansion, with 30% towards technology upgradation, and the remaining to strengthen the company’s outreach to the right talent,” said Rajappan. Founded in 2014 by Rajappan, ZingHR currently serves over 700 enterprises, with a million employee records with vertical-specific solutions for BFSI, retail, services, IT-ITes, staffing, pharma & healthcare and manufacturing. It offers complete solutions in HR using artificial intelligence, machine and deep learning algorithms.