AdvantageClub.ai Secures $4 Mn Funding led by Axilor Ventures

India-based AdvantageClub.ai, a Global Employee Engagement & Rewards Platform has secured $4 million in its latest funding round led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar, Bytez Ventures, and some of the existing investors, bringing the company’s total funding to $11 million.

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The proceeds will be used to expand the scaled-up company in the United States and Asia, improve its wellness programs, such as the OPD, fitness plans, health checkups, and behavioural health change interventions for healthier lifestyle modifications, and integrate more technology infrastructure in the HR tech space.

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“Everyone is looking for more flexibility in the employee experience space and everyone wants a single app for multiple use cases,” said Sourabh Deorah, CEO & Co-founder of AdvantageClub. “There is also a general willingness (from companies) now to adapt to technologies and change obsolete technologies, which historically used to be a challenge.”

“Covid-19 put HR on the centre map of an organisation and made employees experience something people talk about. This was a big enabler in which people started employee experience seriously and reward recognition, and wellness initiatives, became relevant in the last four years. We have been a beneficiary of that,” he said.

“Companies are in search of good options to improve employee engagement and strengthen their employer brand. AdvantageClub.ai’s personalised, scalable and global platform offers a best-in-class solution to employers who put their employees first,” said Ganapathy Venugopal, founder and CEO of Axilor Ventures.

As an employee engagement solution built to help organizations maintain employee productivity, the Advantage Club App is anchored on a well-architected solution that provides the best user experiences. It is planned to change the existing situation in the sphere by directly affecting the industry through an extensive employment management tool for employees.

About AdvantageClub.ai

AdvantageClub.ai was founded in 2016 by Sourabh Deorah and Smiti Bhatt Deorah, Currently headquartered in Delaware, AdvantageClub.ai hold 5 million+ users with 1,000+ impressive client portfolios featuring BCG, Concentrix, Teleperformance, Hexaware, Target and many more, with a presence in 100+ countries.

The heroes of AdvantageClub.ai boast a scalable, customizable, affordable program to revolutionize employee engagement. Its holistic solution integrates itself across a spectrum of recognition solutions such as anniversary/milestone/years of service awards, real-time/on-the-spot bonuses, automated incentives, peer-to-peer appreciation, onboarding programs, wellness programs, quarterly and annual performance-based awards, Get-Wow gift cards, and exclusive deals across over 10,000 brands worldwide, etc.