<p>Making use of the monthly Investor Caf programme by Kerala Startup Mission (KSUM), a Kozhikode based company has raised one million US dollars in a seed funding round from Expert DOJO Venture Fund II LLC of the US.</p>.<p>The innovative KSUM scheme helps raise funds and scale-up businesses at monthly meetings that facilitate one-on-one meetings between startups and angel investors/venture capitalists. Officekit HR, which provides management software solutions, functions at Cyberpark Kozhikode, is a hire-to-retire HCM (Human Capital Management) platform with consumer-grade user experiences.</p>.<p>It enables operations across countries and in different currencies, ensuring cost-effective assimilation of employee engagement, a KSUM release said here on Tuesday. Expert DOJO is the largest startup high-performance centre for entrepreneurs in Southern California.</p>.<p>Officekit HR was founded by Mohammed Faizan Lanka and Haris P T, who have a combined experience of 35 years in IT.</p>.<p>Lanka said Officekit planned to use the fresh proceeds to scale up the company's operations across Asia-Pacific and GCC regions by hiring manpower.</p>.<p>"We are also building up our research team in artificial intelligence and machine learning in the HR domain," he added.</p>.<p>Officekit HR strategic advisor Swethal Kumar led the negotiations.</p>.<p>The company, prior to the latest capital infusion, raised $500,000 from various angel investors. It has a customer base of 20 customers, including UAE-based Lulu Group, across more than 15 countries, with over 18,000 employees managed through its platform.</p>.<p>KSUM is the nodal agency of the Kerala Government for entrepreneurship development and incubation activities in the state. </p>
<p>Making use of the monthly Investor Caf programme by Kerala Startup Mission (KSUM), a Kozhikode based company has raised one million US dollars in a seed funding round from Expert DOJO Venture Fund II LLC of the US.</p>.<p>The innovative KSUM scheme helps raise funds and scale-up businesses at monthly meetings that facilitate one-on-one meetings between startups and angel investors/venture capitalists. Officekit HR, which provides management software solutions, functions at Cyberpark Kozhikode, is a hire-to-retire HCM (Human Capital Management) platform with consumer-grade user experiences.</p>.<p>It enables operations across countries and in different currencies, ensuring cost-effective assimilation of employee engagement, a KSUM release said here on Tuesday. Expert DOJO is the largest startup high-performance centre for entrepreneurs in Southern California.</p>.<p>Officekit HR was founded by Mohammed Faizan Lanka and Haris P T, who have a combined experience of 35 years in IT.</p>.<p>Lanka said Officekit planned to use the fresh proceeds to scale up the company's operations across Asia-Pacific and GCC regions by hiring manpower.</p>.<p>"We are also building up our research team in artificial intelligence and machine learning in the HR domain," he added.</p>.<p>Officekit HR strategic advisor Swethal Kumar led the negotiations.</p>.<p>The company, prior to the latest capital infusion, raised $500,000 from various angel investors. It has a customer base of 20 customers, including UAE-based Lulu Group, across more than 15 countries, with over 18,000 employees managed through its platform.</p>.<p>KSUM is the nodal agency of the Kerala Government for entrepreneurship development and incubation activities in the state. </p>