Zimyo: Fundraising Advisory
Comprehensive fundraising advisory for Zimyo's growth rounds, including valuation, due diligence management, and transaction structuring.
Transaction Overview
PriQuant served as a strategic financial advisor to Zimyo, a leading HR-Tech platform, assisting in their capital raising journey totaling approximately ₹32 Crore (Series A and Seed rounds).
Zimyo is a premier cloud-based HR and Payroll software provider, empowering organizations to manage their workforce efficiently through automation and employee-centric solutions.
Key Transaction Highlights
- Client: Zimyo
- Sector: HR Tech / SaaS
- Total Funds Raised: ₹32 Crore (~$4M+)
- Service: Fundraising Advisory & Transaction Management
- Investors: Marquee investors including BEENEXT, IndiaMART, and others.
Our Role
PriQuant played a pivotal role in streamlining the fundraising process during a critical high-growth phase for the company in 2021:
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Valuation Advisory: Conducted thorough financial modeling and valuation analysis to establish a fair benchmark for equity dilution, ensuring founder alignment.
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Due Diligence Leadership: Managed the end-to-end due diligence process. This involved setting up the Virtual Data Room (VDR), collating financial and legal documents, and coordinating with investor diligence teams to expedite closure.
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Transaction Execution: Assisted in the review and negotiation of transaction documents, including Term Sheets and Share Subscription Agreements (SSAs), to safeguard the company's long-term interests.
Outcome
With the capital raised, Zimyo has successfully:
- expanded its product suite to include performance management and employee engagement.
- scaled its customer base to serve over 1,000+ organizations.
- strengthened its leadership position in the SMB HR-Tech market.