Hono, a human resource tech startup, announced a $5 million funding round led by Aakash Chaudhry, Managing Director of Aakash+Byju’s. Chaudhry has made a personal investment of $4 million, his first outside the education sector. Hono raised the remaining funds ($1 million) from Hemant Sultania, Amit Khanna of Amaya Ventures, and IndiGo Airlines, Spencer’s Retail, Kanmo Group, Dainik Bhaskar, Al Fardan Group, NBC Bearings, HDFC Bank, Medicover, and Aakash+Byju’s are among the over 300 clients served by Hono.
They expect Hono’s growth curve to be much steeper from now on. Furthermore, they value the strong and constructive relationship they have developed with Hono as a client over the years, stated Chaudhry, who will join the company’s Board of Directors and will be actively involved in guiding business operations.
Having Aakash Chaudhry and their new group of investors on board adds to the excitement of the HONO journey. With this new impetus, we will be able to take this further and do it on a global scale, stated Mukul Jain, Hono’s Founder and CEO.
Hono has over 1 million employees on its AI-powered platform and has experienced 2X growth in FY22. It now plans to double customer numbers and significantly increase the business and sales verticals to support 5 million people on the HONO platform in FY23. Hono intends to use the resources to finance its operations across India, the Middle East, and Southeast Asia to increase its market footprint and product offering.
About HONO
HONO is a premium HR-Tech Solution that also provides a variety of HR Services to meet all of your needs. HONO is dedicated to empowering employees through technology and services by providing innovative and simplified Human Resource Solutions that increase productivity and happiness. HONO is an omnipresent multi-channel digital platform that is simple to configure, use, and integrate, bringing a new generation Hire to Retain Solution- HONO H2RS.
For more information, visit https://www.hono
