China’s Fosun RZ Capital invests in Indian payroll and HR software startup Kredily

Fosun RZ Capital, a subsidiary of Chinese conglomerate and investment company Fosun International, led the USD 750,000 seed financing round of  Indian startup Kredily, which offers payroll and HR software, according to Zhudao, a tech blog focusing on India’s internet market.

Mohit Tandon, co-founder of India’s logistic unicorn Delhivery was among other investors in this deal.

Kredily says it now has more than 1,000 clients. Fosun RZ Capital revealed via its LinkedIn account that it also backed Delhivery in its USD 413 million Series F Financing.