Advantage Club, a global HRtech platform, has raised $1.7 million in a new round of funding headed by Y Combinator, Broom Ventures, Liquid.vc, and Kunal Shah. The investment round included angel investors from the United States, the Middle East, and Southeast Asia.
The extra cash will be used to expand the company’s existing thriving worldwide operations and open up new growth opportunities. It currently operates in over 60 countries, including India, the Philippines, Malaysia, Vietnam, Indonesia, Egypt, the United States, the United Arab Emirates, and others.
Sourabh Deorah, CEO and Co-founder at Advantage Club, said on the announcement, “Advantage Club has emerged as the leading employee engagement platform in the country and we are growing 20 percent MoM, this growth has come on the back of re-inventing the wheel around employee benefits and engagement by building deep engagement products further personalised according to each user’s behaviour.”
Smiti Bhatt Deorah, COO and Co-founder at Advantage Club said, “As we go global, we are excited about having investors with global outreach. They not only bring their network but more importantly bring their learnings from different markets.”