Signaling Change: greytHR Raises a Significant Amount in a Series F Funding Round

By greytHR
2 minute read ● August 19, 2024
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Signaling Change: greytHR Raises a Significant Amount in a Series F Funding Round

It took several small steps and a few big moves to reach where we are today: a company that owns a full-suite HRMS platform trusted by 2.3+ million employee users in 23,000+ businesses across 25+ countries.

Although we have crossed many milestones and been funded multiple times, we have some really inspiring news to share with all our well-wishers.

greytHR Has Just Secured Its Largest Investment!

In a recent Series F round, greytHR secured a significant investment from Apax Digital Funds, a leading global private equity advisory firm. This funding is not just a step forward for brand greytHR but an opportunity for us to take a giant leap in the HR tech space. Undoubtedly, this is a proud moment for each of our 700+ team members at greytHR.

“We’re excited to welcome Apax as part of our growth journey. With the backing of Apax and our continuing shareholders, Info Edge and GMO, we look forward to scaling new heights! Having said that, I know we wouldn’t be where we are today without the support of our former investors, MegaDelta and Blume, customers, resellers, affiliates, and the entire greytHR community. My sincere thanks to one and all.”

Girish Rowjee, Co-founder & CEO

Inspiring Continuous Innovation

During our journey, we have leveraged our expertise. But this round of funding is an opportunity to double down on everything we were doing, from product innovation to customer service enhancement. As of today, greytHR offers 40+ tools for automating HR, payroll, leave & attendance, performance management, and employee engagement, along with an employee self-service portal and mobile app.

“This funding will accelerate our effort to enhance our customer experience and R&D initiatives. In fact, we have already started adding AI-enabled modules and more value-added services to help our customers optimize their investment in greytHR. We are thankful to our investor for giving us another reason to raise the bar on product innovation.”

Sayeed Anjum, Co-founder & CTO

Redefining the HR Landscape

We have come a long way from being a payroll solution developer to a full-suite HRMS provider. Over the years, we moved steadily and grew significantly. Today, greytHR is more than just a software. It’s an entire ecosystem with a vibrant HR community, compliance website, webinar series, resource library, and award-winning podcast channel.

Foreseeing a Promising Future

As we strengthen our flagship product with new-age enhancements, we’ll continue to redefine our standard of services and speed of innovation. We also plan to leverage the additional capital infusion to expand our footprint across existing and newer markets. Simply put, it’s an opportunity to reinforce our commitment to our vision: to make HR tech accessible and affordable to more businesses in the global MSME space.

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