HONO has raised USD 1 million from other individual investors such as Hemant Sultania, Amit Khanna of Amaya Ventures and Harsh Gupta of Udayat Group.
They now intend to grow the business and their sales, and plan to double their number of customers, aiming to support 5 million people on the HONO platform in the current fiscal year 2023.
Speaking to TOI, Choudhary said: “We had a great experience with HONO for the last five years and I personally believe that post-Covid better HR, especially AI driven, productivity Driven, HR platforms are becoming increasingly needed. , And we think that without our experience growing and managing people, we can actually build a really good business for owners. ,
“We are bringing a lot of experience. We understand technology because we are good at edtech, we understand scaling as we scale across the country, understand branding and marketing, we understand talent identification and talent across the country in different, very different and Understand in a hostile environment. I think there is a whole gamut of experience, mentorship and competence that we can bring to the table,” said Chaudhary.
Strategically, HONO is looking to leverage the new corpus of funds to expand its operations in India, the Middle East and Southeast Asia, with expansion plans in the UAE, Singapore and Indonesia.
HONO Founder and CEO Mukul Jain said: “From the current $4 to 5 million in revenue, we want to grow Yatra to a revenue of $1.5 million over the next one and a half to two years. This is today’s plan, 1 million user base, which you want to take to 3-4 million user base. This strong event will provide substantial value to the company and our product as well.”
Chowdhary said that Deep Technology is a much bigger revolution than IT as it has entered everyone’s life, irrespective of their age, socioeconomic status and work profile. “Any innovation, especially in deep innovations around technology, in access, revenue potential and life-changing change, will be far deeper than it was in the 90s.”
“Technology has a deep involvement in our daily lives. And I see that when technology advances in healthcare where there is predictive diagnosis, there are better outcomes that we can throw at our artificial intelligence, for example, Radiology is going through a very different niche right now. There are many roles that technology can play – health care is one, environment is another area that is of interest. But also food, education, living habits, it is all going through a change.