About Daily Salary
Daily Salary is a company based in Gurugram (India) founded in 2020. It operates as a B2B. Daily Salary has raised $167.45 thousand across 2 funding rounds from investors including Wellfound, Vijay Rajagopal and Wellfound. The company has 1 employees as of March 31, 2023. Daily Salary operates in a competitive market with competitors including Clair, Jify, Refyne, Kaarva and Myfinfi, among others.
- Headquarter Gurugram, India
- Employees 1 as on 31 Mar, 2023
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Sectors
Business Services
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Phone
*********
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Website
*********
- Legal Name Nsquared Systems Private Limited
- Date of Incorporation 27 May, 2020
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$139.42 K (USD)107.56as on Mar 31, 2023
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Net Profit
$-70.56 K (USD)28.21as on Mar 31, 2023
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EBITDA
$-63.14 K (USD)38.54as on Mar 31, 2023
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Total Equity Funding
$167.45 K (USD)
in 2 rounds
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Latest Funding Round
$13.6 K (USD), Angel Round
Apr 05, 2021
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Investors
Wellfound
& 2 more
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Employee Count
1
as on Mar 31, 2023
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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 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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $13,598
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First Round
First Round
(21 Oct 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Angel Round - Daily Salary | Valuation | Vijay Rajagopal |
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| Oct, 2020 | Amount | Seed - Daily Salary | Valuation | Wellfound , AngelList |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startup jobs are connected to individuals via a dedicated platform.
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Founded Year | Domain | Location | |
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Startup jobs are connected to seekers via an online platform.
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Founded Year | Domain | Location | |
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VR
Vijay Rajagopal |
Angel investor and startup mentor, ex-Microsoft, focused on tech innovation
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Daily Salary
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Daily Salary
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Daily Salary Comparisons
Competitors of Daily Salary
Daily Salary operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clair, Jify, Refyne, Kaarva and Myfinfi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Online financial management and on demand salary solutions for employees
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| domain | founded_year | HQ Location |
Provider of earned wage access and financial wellness solutions
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| domain | founded_year | HQ Location |
Earned salaries are accessed by employees through a flexible platform.
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| domain | founded_year | HQ Location |
Employee financial benefits are delivered via a cloud-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Daily Salary
When was Daily Salary founded?
Daily Salary was founded in 2020.
Where is Daily Salary located?
Daily Salary is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Daily Salary a funded company?
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 21, 2020.
How many employees does Daily Salary have?
As of Mar 31, 2023, the latest employee count at Daily Salary is 1.
What is the annual revenue of Daily Salary?
Annual revenue of Daily Salary is $139.42K as on Mar 31, 2023.
What does Daily Salary do?
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.
Who are the top competitors of Daily Salary?
Who are Daily Salary's investors?
What is Daily Salary's valuation?
The valuation of Daily Salary is $974.32K as of Oct 2020.
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