Hush, an employee-focused HR tech startup has raised a modest sum of Rs 4.5 crore from its existing investors, Accel and Shamik Sharma (Business Head at Curefit). A new angel investor whose identity is not disclosed has also participated in this fundraising, it is reported. The company has strengthened its Board by appointing Nikhil Raj, Co-Founder of Paysa.com as an advisor.
Hush is an app-based business in which it has over 40,000 registrants who are employed with 300+ companies in India. These employees can seek and receive information on different HR-related issues from the app. These can be on the salaries being offered by companies, specific policies adopted in the workplace and so on. The company says it has achieved great success through the app and the number of people signing up has been beyond what they had expected. The funds now raised will be deployed towards improving the technology used within the Hush app and to expand the customer base. Additional features to benefit the employees who sign in can also be expected.
“One of our key responsibilities at Hush is to deliver authentic data to employees about various organisations so as to help them take better career decisions. The app is also helping employees voice their opinions anonymously about issues that they are facing in corporates, which provides valuable insights to employers and helps them take important business decisions,” Ashutosh Dabral, Co-Founder of Hush commented.
As of now, the average time spent by a user on their app is only 10 minutes per day. But as the company keeps adding more companies to their app, this number will go up. Employees wishing to find new jobs can learn through the Hush app what kind of salary they can expect in a new company with their educational background and skills. There are modules like ‘Salary Data’ and ‘Career Advice’ on the app which is turning increasingly popular. Hush has a target to have at least 1,000 companies whose data is carried on its site/app.
Another area Hush works on is the facility to the employees to air their grievances about their workplaces which are then shared with the companies without disclosing the identity of the employee who made the complaint. Hush says they managed to solve a few such cases which augurs well for all stakeholders. They have launched their new website also last month to go with the app.
The data on the companies are sourced from employees, HR professionals, and recruitment consultants. The platform also allows verified employees to rate their CEOs and CXOs.