Rippling Expands in India with New Office in Bengaluru
Rippling, a prominent global HRtech company, has broadened its operations in India by inaugurating a second office in Bengaluru. This move follows a substantial $450 million Series G funding round, which brought the company’s valuation to $16.8 billion.
The company is aiming to grow its workforce in India from 1,000 to 2,000 employees over the span of the next three years, as stated in a press release. The new office covers 100,000 square feet at Embassy Tech Village, a key IT hub in Bengaluru, providing a home for teams in engineering, product development, sales, and customer support.
Strategic Growth in Bengaluru
“Bangalore has always been a superpower for Rippling,” noted Matt MacInnis, the Chief Operating Officer of Rippling. The company has seen remarkable growth, surging from 450 employees last year to over 1,000 currently, with plans to continue its rapid expansion. Important product initiatives are undertaken in this location, and the company intends to further increase the autonomy and scope of its personnel here.
Comprehensive Management Solutions
Rippling enables businesses to oversee HR, IT, and Finance from a unified platform worldwide. This innovative approach integrates various systems, including payroll, expenses, benefits, and device management, allowing firms to automate and manage the complete employee lifecycle from a single interface.
Company Background
Founded in 2016 by Parker Conrad and Prasanna Shankar, who is of Indian descent, Rippling has expanded its global footprint with offices in major cities like San Francisco, New York, Austin, London, Dublin, Sydney, and Bengaluru. After leaving the company in July 2020, Shankar launched the cryptocurrency startup 0xPPL in January 2023.
Leadership and Hiring Initiatives
Since its entry into the Indian market in 2017, Rippling has recruited over 20 former founders and entrepreneurs to bolster its leadership team. Notable additions include Ajay Chandra, a principal engineer and co-founder of Infibeam, along with Nimish Bhonsale, the senior director of engineering and a former co-founder of Elda Health. In 2024, the former Walmart executive Mrinal Chatterjee was appointed as country head.
Financial Success and Investor Support
Rippling reports exceeding $100 million in annual recurring revenue, now servicing over 20,000 clients through a diverse portfolio of more than 20 products focused on HR, IT, and finance management. The company’s investor group features Y Combinator, Elad Gil, Sands Capital, GIC, Goldman Sachs Growth, Coatue, Founders Fund, Greenoaks, and Dragoneer.