Klaar

Klaar

Provider of AI-powered performance management tools

Founded

2021

Headquarters

Bengaluru (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91 - 9836740283

Klaar is an AI-powered enterprise software company specializing in conversational performance and talent management solutions. Klaar is headquartered in Wilmington, Delaware, USA, and serves a global market with a focus on high-growth startups, enterprises, and unicorns, particularly in India and the United States.

Core Products and Services

  • Conversational Performance Management Platform: AI-led platform for real-time, bias-free performance management.

  • OKRs and Goal Alignment: Robust tools for setting, tracking, and aligning objectives and key results (OKRs) across organizations.

  • 360 Feedback & Continuous Reviews: Automated, customizable feedback and review processes.

  • Mentoring and Peer Learning: Integrated modules for mentoring, coaching, and continuous learning.

  • People Analytics: Predictive insights for HR teams, managers, and leadership to inform data-driven decisions.

  • Integrations: Seamless integration with popular business tools like Jira, Salesforce, HubSpot, and Slack.

Business Model & Revenue Streams

Revenue Generation

  • Subscription Fees: Recurring revenue from enterprise clients subscribing to its performance management platform.

  • Tiered Pricing: Different pricing plans based on organization size, feature requirements, and customization.

  • Professional Services: Additional revenue from onboarding, training, and custom integrations for large clients.

Klaar is an AI-powered enterprise software company specializing in conversational performance and talent management solutions. Founded in 2022 by Atri Roy and Sharthok Chakraborty, Klaar is headquartered in Wilmington, Delaware, USA, and serves a global market with a focus on high-growth startups, enterprises, and unicorns, particularly in India and the United States.

Core Products and Services

  • Conversational Performance Management Platform: AI-led platform for real-time, bias-free performance management.

  • OKRs and Goal Alignment: Robust tools for setting, tracking, and aligning objectives and key results (OKRs) across organizations6.

  • 360 Feedback & Continuous Reviews: Automated, customizable feedback and review processes.

  • Mentoring and Peer Learning: Integrated modules for mentoring, coaching, and continuous learning.

  • People Analytics: Predictive insights for HR teams, managers, and leadership to inform data-driven decisions148.

  • Integrations: Seamless integration with popular business tools like Jira, Salesforce, HubSpot, and Slack.

Business Model & Revenue Streams

Revenue Generation Klaar operates on a B2B SaaS (Software-as-a-Service) model, generating revenue primarily through:

  • Subscription Fees: Recurring revenue from enterprise clients subscribing to its performance management platform.

  • Tiered Pricing: Different pricing plans based on organization size, feature requirements, and customization.

  • Professional Services: Additional revenue from onboarding, training, and custom integrations for large clients.

Primary Revenue Sources

  • Enterprise Subscriptions: Annual or multi-year contracts with organizations for platform access and support.

  • Value-Added Services: Consulting, analytics, and implementation services for complex enterprise needs.

Customer Segmentation

  • B2B Focus: Targeting enterprise HR teams, people leaders, and managers in high-growth companies, unicorns, and established enterprises.

  • Global Reach: Clients across India, the US, and other international markets.

Monetization Strategies

  • Platform Stickiness: Deep integration with business tools and workflows encourages long-term contracts and high retention.

  • Customization and Scalability: Offering configurable modules and scalable solutions tailored to diverse enterprise needs.

  • Continuous Product Innovation: Investing in AI and analytics to maintain a technological edge and justify premium pricing.

Growth Strategy

  • Market Expansion: Setting up new offices in the US and targeting global enterprise customers5.

  • Product Innovation: Regularly enhancing the platform with new AI-driven features and deeper integrations.

  • Customer Advocacy: Leveraging strong customer feedback and referrals to drive organic growth.

  • Strategic Partnerships: Collaborating with HR leaders, VCs, and industry influencers to expand reach and credibility.

Key People

Atri Roy

Sharthok Chakraborty

Key Metrics

Total Equity Funding

$957 K

No. of Funding Rounds

3

Latest Funding Round

$800.0 K, Seed

as of September 24, 2023

Post Money Valuation

$2.87 Million

as of January 11, 2023

Funding Multiple

3.0

as of January 11, 2023

Investors

Shastra VC

and 2 more

Employee Count

39

Similar Companies

IIMjobs

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
September 24, 2023Seed$800.0 K-$74.5 K-Shastra VC, DeVC, Kube VC
January 12, 2023Angel $55.1 K$2.9 Million---
November 29, 2021Angel $102.0 K$1.7 Million---

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