At a Glance
xto10x, an India-based consultancy business, has purchased Dockabl, a Human Resources SaaS platform. xto10x provides technical tools and consulting services to assist entrepreneurs in growing their businesses. Dockabl is a tool that may help companies manage employee assessments, feedback, goals, and crucial outcomes. xto10x’s product portfolio will benefit from the acquisition.
xto10x, an India-based consulting firm, and SaaS provider, has acquired Dockabl, a Human Resources SaaS platform, for an undisclosed amount. Xto10x was founded by Binny Bansal, Flipkart’s co-founder, in 2018.
The acquisition will benefit xto10x’s product portfolio, including 10xGoals, an OKR (Objectives and Key Results) strategy to execution platform, and 10xPeople, employee sentiment analysis, and engagement platform.
Mr. Bansal, after quitting Flipkart, founded xto10x in 2018 with ex-Flipkart executives Saikiran Krishnamurthy and Neeraj Aggarwal. It helps startups expand their businesses by providing technological tools and consulting services. It has over 150 clients, including Meesho, a social commerce platform, Cred, a financial unicorn, and Licious, an online fresh meat retailer.
He intends to empower entrepreneurs with xto10x by providing tools, learning, and counseling services to growth-stage businesses. The company opened an office in Singapore in December 2019 to enter the Southeast Asian market.
Dockabl, which was founded in 2017, is a solution that assists businesses in managing employee evaluations, feedback, targets, and critical results. Bajaj Capital, an Indian investment business; Airbnb, a vacation rental business; and Becton, Dickinson and Company, a medical technology corporation located in the United States, are among its clients.
Dockabl is an ‘easy and simple to use’ performance management tool for all organizations to adopt. Given the ease with which it can adapt into multiple design choices, the tool can become the preferred employee performance management tool for startups and enterprises alike.Mr. Saikiran Krishnamurthy, Cofounder, xto10x
Following the purchase, the whole package will provide a comprehensive solution for organizations to align business objectives, relate them to employee performance, and manage feedback evaluations, all on a single platform.