Ending Soon! Save 33% on All Access

HRtech Startup Rippling Secures USD 200 Mn in Series F Led by Coatue Management, Climbs to USD 13.5 Bn Valuation With 2,800 employees spread among offices in the US, India, Ireland, the UK, and Australia, the platform has grown internationally.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Parker Conrad Prasanna Sankar, Co-founder of Rippling/LinkedIn

The HR software startup Rippling has revealed that it has raised USD 200 million in Series F funding, led by Coatue Management, with participation from Peter Thiel's Founders Fund, Dragoneer Investment Group, Greenoaks Capital, and other existing investors.

With the additional funding, Rippling is now valued at USD 13.5 billion.

According to a statement from the company, the startup has signed agreements with investors to provide liquidity to both present and past workers and seed investors through a tender offer.

The San Francisco- and Bengaluru-based startup has launched a USD 590 million total tender, wherein seed investors can sell up to USD 390 million, and current and former workers can sell up to USD 200 million jointly. As per the Indian Startup ESOP report, this is among the biggest tender bids made in India to date.

Launched in 2016 by Parker Conrad Prasanna Sankar, Rippling provides companies with a single platform to handle processes related to finance, IT, and HR. The HRtech firm helps businesses automate and streamline all of their employee processes, including payroll, benefits, costs, and device management, into a single system.

It competes with big firms like Workday and Automatic Data Processing as well as startups like Justworks and Deel, focusing on businesses with fewer than 2,000 employees.

With 2,800 employees spread among offices in the US, India, Ireland, the UK, and Australia, the platform has grown internationally. In India, Rippling conducts both sales and operations, with a particular emphasis on R&D. Additionally, the business is aggressively expanding its presence and hiring efforts in the area.

Worldwide investors, such as Kleiner Perkins, Founders Fund, Sequoia Capital, Greenoaks, and Bedrock Capital, have contributed USD 1.2 billion to Rippling's investment round. At present, the platform caters to customers in over 150 nations.

Entrepreneur Staff

Entrepreneur Staff


For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.


What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.