About Daily Salary
Daily Salary was a Business Services company based in Gurugram (India) founded in 2020. A cloud-based application for managing employee salaries efficiently. It operates on a B2B model. Daily Salary has raised $167.45 thousand across 2 funding rounds from investors including Wellfound, Vijay Rajagopal and Wellfound. The company has 1 employees. Daily Salary was last valued at $974.32 thousand in October 2020. The company is recorded as dissolved. Its focus areas include Human Resources, Payroll Management, Employee Compensation and Cloud Applications. Its legal entity in India is Nsquared Systems Private Limited (U72900HR2020PTC086428). Its competitors include Jify, Refyne and Kaarva; 3 of its 3 listed competitors have raised funding.
Company details
Daily Salary, established in 2020, excels in managing HR solutions, managing payroll, employee compensation, and cloud applications. A cloud-based application for managing employee salaries efficiently. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Gurugram, India
- Employees 1
- SectorsBusiness Services
- Website dailysalary.in
- Legal Name Nsquared Systems Private Limited
- Date of Incorporation 27 May, 2020
- Jurisdiction Gurugram, Haryana, India
- Annual Revenue₹53,951
FY 2024 · -100% YoY
- Net Loss-₹25.1 Lakh
FY 2024 · -4652% margin
- EBITDA-₹20.8 Lakh
FY 2024 · -3854% margin
- Total Equity Funding$167.45K (USD)
in 2 rounds
- Latest Funding Round$13.6K (USD), Angel Round
Apr 2021
- InvestorsWellfound
& 2 more
- Employee Count1
Associated legal entities of Daily Salary
Daily Salary operates through Nsquared Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nsquared Systems Private Limited CIN U72900HR2020PTC086428 | Active | 27 May 2020 | Gurugram, Haryana | ₹0.0 Cr | 2 | View details |
Funding Insights of Daily Salary
Daily Salary has successfully raised a total of $167.45K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $13.6 thousand completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $167,448
- Total Rounds 2
- Last Round Angel Round — $13,598
- First Round $153,850
(Oct 2020)
- Investors Count 3
All 2 funding rounds of Daily Salary with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2021 | $13,598 | Angel Round | – | Vijay Rajagopal | – |
| Oct 2020 | $153,850 | Seed | $974,321 | Wellfound, AngelList | – |
Last known valuation $974,321 (Oct 2020). 3 investors in total: 2 institutional and 1 angel.
Investors in Daily Salary
Daily Salary has secured backing from 3 investors, including angel and institutional investors. Prominent investors backing the company include Wellfound, Vijay Rajagopal and Wellfound.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Startup jobs are connected to seekers via an online platform. | angel.co | San Francisco, United States | ||
VR Vijay Rajagopal | Angel investor and startup mentor, ex-Microsoft, focused on tech innovation | unknown_c9191683e099476aa |
Investor details for Daily Salary
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nsquared Systems Private Limited (Daily Salary)
Nsquared Systems Private Limited is the primary company behind Daily Salary. The board of Nsquared Systems Private Limited currently have 2 directors; the longest-serving is Ravi Eral, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravi Eral DIN 05116045 | Director | 27 May 2020 | 6 yrs 5 mo | Nsquared Systems Private Limited |
| Aashutosh Chaudhary DIN 08748312 | Director | 27 May 2020 | 6 yrs 5 mo | Nsquared Systems Private Limited |
Financials of Daily Salary
Figures of Nsquared Systems Private Limited, the primary company behind Daily Salary, for FY 2024. Revenue was ₹53,951 (-100% year on year). Net loss was -₹25.1 Lakh (-4652% margin). EBITDA was -₹20.8 Lakh (-3854% margin). Revenue has grown at a compounded annual rate of -67% over three years.
- ₹53,951Revenue · FY 2024 · -100% YoY
- -₹25.1 LakhNet loss · -4652% margin
- -₹20.8 LakhEBITDA · -3854% margin
- ₹1.2 LakhPaid-up capital
- -67%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Nsquared Systems Private Limited are on its company page.
Detailed financial statements for Daily Salary
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Daily Salary
3 dated milestones of Daily Salary across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Daily Salary is founded.
- Funding First funding round of $154K.
- Funding Latest funding round, Angel Round, of $14K.
Competitors of Daily Salary
Daily Salary has 3 listed competitors in our database, 3 of them funded. They include Jify, Refyne and Kaarva.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jify.co | 2021 | Mumbai, India | $11.43M | 89 | Online financial management and on demand salary solutions for employees | |
| refyne.co.in | 2020 | Bengaluru, India | $102.1M | 149 | Provider of earned wage access and financial wellness solutions | |
| kaarva.com | 2018 | Bengaluru, India | $539,266 | Earned salaries are accessed by employees through a flexible platform. |
Detailed competitors of Daily Salary
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Flexible Pay & HR Tech Solutions
3 companies that operate in the same segment as Daily Salary (Flexible Pay & HR Tech Solutions) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provides HRM and payroll solutions for business management. | 2017 | Hyderabad, Telangana, India | USD 3.1 M | 203 | ||
Offers custom software, mobile apps, and SEO services to global businesses. | 2003 | Delhi, Delhi, India | USD 264.24 K | 48 | ||
Provides payroll, HR, and accounting outsourcing for efficient business management. | 2000 | Pune, Maharashtra, India |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Daily Salary
Daily Salary was founded in 2020.
Daily Salary is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Daily Salary is a funded company, having raised a total of $167.45K across 2 funding rounds to date. The company's 1st funding round was a Seed of $153.85K, raised on Oct 2020.
Daily Salary has 1 employees.
The primary company behind Daily Salary, Nsquared Systems Private Limited, reported revenue of ₹53,951 for FY 2024, down 100% year on year.
Daily Salary, established in 2020, excels in managing HR solutions, managing payroll, employee compensation, and cloud applications. A cloud-based application for managing employee salaries efficiently. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
The valuation of Daily Salary is $974.32K as of Oct 2020.
Daily Salary operates through Nsquared Systems Private Limited.
The legal entities of Daily Salary currently have 2 directors, including Ravi Eral, Aashutosh Chaudhary.