~ BHyve will use the raised funds for technology, marketing to enhance sales
BHyve, a Future of Work Platform for diffusing Employee Tacit Knowledge and enabling Peer Learning Networks has raised $300K from JITO Angel network along with Letsventure and other Angel Investors. Backed by 100X.VC earlier in May this year, BHyve will use the freshly infused capital for Marketing to increase the sales and build the brand, they would also use the funds for enhancing the technology and build great clientele.
Omkar Pandharkame, an Organisational Psychologist, Ketaki Ogale, an MBA from Fordham University, and Vihang Mirkhelkar, who has scaled technology for high growth startups in Silicon Valley, are the co-founders of BHyve.
The start-up was ideated during the pandemic and launched in February 2021 to ensure productivity and quick access to employee wisdom for a distributed and remote workforce. BHyve is incubated at Atal Incubation Centre, Rambhau Malge Prabodhini. BHyve currently serves leading corporations from BFSI, Healthcare, Pharma, and Manufacturing sectors and will soon enter the North American Market.
“Raising money through JITO Angel Network has been an insightful experience. We appreciate the hands-on nature and speediness of the deal. With a supportive team, Great smart capital, and very progressive investment thesis, has helped us to demonstrate our vision and get marquee investors on board,” said Omkar Pandharkame, cofounder at BHyve.
JITO Angel Network (JAN) is a community-based platform focused on new venture investing. The network today has a portfolio in various sectors, has invested in 45+ companies, and has taken a few exits. The firm is currently invested in various sectors and is deeply looking to invest in space tech and defense companies. JITO Angel Network not only invests in the company but also leverages the entire JITO Community for exponential business growth.
BHyve addresses this gap by tapping into the most underrated company asset – the tacit knowledge of employees.
Globally, this tacit knowledge represents a loss of $110 billion to global corporations every year. BHyve is a SaaS Future of Work platform that helps companies document tacit knowledge and enable peer learning networks, which leads to a 35% increase in productivity and a 30% reduction in time spent looking for information, and an engaged, future-ready workforce.
Deal Lead, Keerthi Kumar, Founder Insurepays believes that with its intuitive technological solutions, BHyve aids the organization to diffuse employee wisdom, exponentially reduce time and effort to trace internal knowledge, seamlessly introduce and deeply engage peer learning, and most importantly uncover tacit knowledge at the split of a second.
“In short, BHyve is the answer to build future-proof organizations which build unparalleled leadership (bench) strength within existing set up, creates and encourages boundary-less employee culture in a harmonious manner. We at JAN are extremely excited to have BHyve as our portfolio company, and looking forward to transforming the way companies interact and leverage their internal resources,” he adds.
“Employees are the most important assets of any company, and BHyve has an innovative platform to cater to the future of work. To remain competitive, all progressive companies around the globe will need this platform. At 100X.VC, we are delighted to be the first institutional investor in BHyve as we firmly believe that the founders’ vision will make BHyve a truly global company” Ninad Karpe, Partner, 100X.VC.