About Kredily
Kredily is a Technology company based in Bengaluru (India) founded in 2017 by Devendra Khandegar. It operates as a HR and payroll software is provided for employee management streamlining. Kredily has raised $3.06 million across 11 funding rounds from investors including Ledger, Mumbai Angels and Wellfound. The company has 30 employees. Kredily was last valued at $7.98 million in October 2023. Its chief executive is Devendra Khandegar. Its website kredily.com draws about 188 thousand monthly visits. Its Indian entity Peopleprosper Technologies Private Limited reported revenue of ₹3.81 Cr. Kredily offers products and services including Payroll Software, Attendance Management, Leave Management, and Expense Management. Its focus areas include Enterprise Applications, HRTech, HRMS and Suite. Its competitors include Gusto, ADP, Paycor, Paychex and TriNet and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
Kredily was founded in 2017 in Bengaluru, India, as a provider of HR and payroll software. Operations focus on automating employee data management, attendance tracking, benefits administration, and tax calculations to ensure compliance. Services encompass leave management, expense tracking, payroll processing, full and final settlements, exit procedures, timesheets, and asset management, with support for multi-company setups across the HR sector.
- Headquarters Bengaluru, India
- Employees 30
- Founders Devendra Khandegar
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website kredily.com
- Social LinkedIn X Facebook
- Legal Name Peopleprosper Technologies Private Limited
- Date of Incorporation 08 Feb, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹3.81 Cr
FY 2025 · +38% YoY
- Net Loss-₹1.45 Cr
FY 2025 · -38% margin
- EBITDA-₹82.3 Lakh
FY 2025 · -22% margin
- Total Equity Funding$3.06M (USD)
in 11 rounds
- Latest Funding Round$58.4K (USD), Seed
Aug 2024
- InvestorsLedger
& 73 more
- Employee Count30
Associated legal entities of Kredily
Kredily operates through Peopleprosper Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Peopleprosper Technologies Private Limited CIN U74999KA2017PTC100344 | Active | 08 Feb 2017 | Bangalore, Karnataka | ₹3.8 Cr | 32 | 2 | View details |
Products & Services of Kredily
Kredily offers a comprehensive portfolio of products and services, including Payroll Software, Attendance Management, Leave Management, and Expense Management.
Automates payroll processing and tax compliance for businesses.
Monitors and manages employee attendance efficiently.
Tracks employee leaves and ensures accurate record-keeping.
Handles employee expenditures and budget planning.
Apps and channels of Kredily
Kredily publishes 2 mobile apps with over 100K+ downloads.
Funding Insights of Kredily
Kredily has successfully raised a total of $3.06M across 11 strategic funding rounds. The most recent funding activity was a Seed round of $58.4 thousand completed in August 2024. 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 $3.06M
- Total Rounds 11
- Last Round Seed — $58,401
- First Round $32,219
(Apr 2018)
- Investors Count 74
Latest 10 of 11 funding rounds of Kredily 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 |
|---|---|---|---|---|---|
| Aug 2024 | $58,401 | Seed | – | Peaceful Progress | – |
| Oct 2023 | $80,500 | Series A | $7.98M | Pontaq | – |
| Jul 2022 | $523,400 | Series A | $7.88M | Yenom, Credentia Trustee | |
| Dec 2021 | – | Seed | – | LetsVenture, We Founder Circle | |
| Oct 2021 | – | Seed | – | We Founder Circle | – |
| May 2021 | $458,000 | Seed | $••••• | LetsVenture | |
| Apr 2020 | $438,280 | Seed | $••••• | – | |
| Jun 2019 | $750,000 | Seed | $••••• | Fosun RZ Capital | |
| Feb 2019 | $13,434 | Angel Round | $••••• | Vipin Agarwal | |
| Sep 2018 | $702,988 | Seed | $••••• | Fosun RZ Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2023 | $7.98M | •••••••• |
| Jul 2022 | $7.88M | •••••••• |
| May 2021 | $••••• | •••••••• |
| Apr 2020 | $••••• | •••••••• |
| Jun 2019 | $••••• | •••••••• |
| Feb 2019 | $••••• | •••••••• |
| Sep 2018 | $••••• | •••••••• |
| Apr 2018 | $••••• | •••••••• |
Full valuation and stage history of Kredily
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $7.98M (Oct 2023). 74 investors in total: 32 institutional and 42 angel.
Investors in Kredily
Kredily has secured backing from 74 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ledger, Mumbai Angels and Wellfound.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on UK-India innovation corridor and technology transfer. | 2015 | pontaq.vc | London, United Kingdom | |
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Multiple sectors are targeted by investments from Indus Valley Capital. | – | indus.vc | Karachi, Pakistan | |
Investment in renewable energy and startups in India. | 2012 | artha.ventures | Mumbai, India | |
Indian fund focused on fintech, health, and climate initiatives. | – | rainmatter.com | Bengaluru, India | |
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Tech startups and investment management are targeted by Suncoast Investments. | – | suncoastinvestments.tcc.mode | Singapore, Singapore | |
Early-stage tech startups are supported via investments and advisory services. | – | ice.vc | Mumbai, India | |
Venture capital is invested in cloud computing and diverse sectors. | – | excellentpipes.tcc.mode | - | |
Investment in startups, fund management, and renewable energy services. | 2013 | artha.group | Mumbai, India |
Investor details for Kredily
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Board of directors of Peopleprosper Technologies Private Limited (Kredily)
Peopleprosper Technologies Private Limited is the primary company behind Kredily. The board of Peopleprosper Technologies Private Limited currently have 2 directors; the longest-serving is Devendra Khandegar, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devendra Khandegar DIN 06697940 | Director | 08 Feb 2017 | 9 yrs 8 mo | Peopleprosper Technologies Private Limited |
| Devashish Fuloria DIN 07309367 | Director | 08 Feb 2017 | 9 yrs 8 mo | Peopleprosper Technologies Private Limited |
People of Kredily
12 people are tracked at Kredily (3 in leadership, 9 in team); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Khushbu Tekchandani | Vice President Of Business Development | Leadership |
Abhijeet Kumar | VP - Engineering | Leadership |
Sanyam Bansal | Business Development Manager | Team |
Bunny Kmj | Human Resources Manager | Team |
Kumar prashirsh | Sr. Performance Marketing Manager | Team |
Ajay Kumar | Sr. Business Developement Executive | Team |
Abhishek Kumaraswamy | Manager-Business development and sales | Team |
Sinu Mathew | Buisness Development Executive | Team |
Archana N | Business Development Manager | Team |
Arabinda Khamari | Associate Product Manager | Team |
Chandra Prakash | Senior Manager | Team |
Complete people profiles for Kredily
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Financials of Kredily
Figures of Peopleprosper Technologies Private Limited, the primary company behind Kredily, for FY 2025. Revenue was ₹3.81 Cr (+38% year on year). Net loss was -₹1.45 Cr (-38% margin). EBITDA was -₹82.3 Lakh (-22% margin). Revenue has grown at a compounded annual rate of +55% over three years and +86% over five years.
- ₹3.81 CrRevenue · FY 2025 · +38% YoY
- -₹1.45 CrNet loss · -38% margin
- -₹82.3 LakhEBITDA · -22% margin
- ₹1.9 LakhPaid-up capital
- 32Employees (provident fund records)
- +55%Revenue CAGR, 3 years
- +86%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Peopleprosper Technologies Private Limited are on its company page.
Detailed financial statements for Kredily
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Kredily
4 dated milestones of Kredily across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Kredily is founded.
- Funding First funding round of $32K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $58K.
Competitors of Kredily
Kredily has 9 listed competitors in our database, 7 of them funded. They include Gusto, ADP, Paycor, Paychex and TriNet, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gusto.com | 2012 | San Francisco, United States | $718.35M | 5,876 | Cloud-based HR and payroll solutions are offered for small businesses. | |
| adp.com | 1949 | Roseland, United States | – | 44 | Cloud-based HR management solutions are offered for payroll and compliance. | |
| paycor.com | 1990 | Cincinnati, United States | $449.89M | 584 | Cloud-based HRMS platform is provided for small and medium-sized businesses. | |
| paychex.com | 1971 | New York, United States | – | 1,335 | Cloud-based HRMS solutions are delivered for payroll and employee management. | |
| trinet.com | 1988 | Dublin, United States | $60M | 347,500 | Cloud-based HRMS platform is offered for small and medium businesses. | |
| personio.com | 2015 | Munich, Germany | $772.5M | – | Cloud-based HRMS platform is offered for small and medium-sized businesses. | |
| rippling.com | 2016 | San Francisco, United States | $1.85B | – | Cloud-based HR management suite is provided for employee operations. | |
| joinhomebase.com | 2014 | San Francisco, United States | $157M | 165 | Workforce scheduling and time tracking are facilitated by Homebase software. | |
| employmenthero.com | 2014 | Sydney, Australia | $459.56M | – | End-to-end HR, payroll, and benefits platform is provided. |
Detailed competitors of Kredily
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Web traffic of Kredily
The website of Kredily (kredily.com) receives about 187.6K visits a month.
- Monthly visits187.6K
▼ 5.1% vs previous month
Websites whose visitors overlap most with Kredily. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zimyo.com | 100% | 51.6K | #729,503 | View details | |
| hrone.cloud | 98% | 1.3M | #51,630 | View details | |
| trustpilot.com | 95% | 91.2M | #636 | View details | |
easyhrworld.com | easyhrworld.com | 90% | – | #280,269 | – |
| razorpay.com | 90% | 34.9M | #1,536 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for Kredily
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Top companies in HR & Workforce Technology
10 companies that operate in the same segment as Kredily (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | 1,695 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | – | 1,218 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
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Related news about Kredily
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Frequently Asked Questions about Kredily
Kredily was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Kredily is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Devendra Khandegar is the current CEO of Kredily. They have also founded this company.
Kredily is a funded company, having raised a total of $3.06M across 11 funding rounds to date. The company's 1st funding round was a Seed of $702.99K, raised on Apr 2018.
Kredily has 30 employees.
The primary company behind Kredily, Peopleprosper Technologies Private Limited, reported revenue of ₹3.81 Cr for FY 2025, up 38% year on year.
Kredily was founded in 2017 in Bengaluru, India, as a provider of HR and payroll software. Operations focus on automating employee data management, attendance tracking, benefits administration, and tax calculations to ensure compliance. Services encompass leave management, expense tracking, payroll processing, full and final settlements, exit procedures, timesheets, and asset management, with support for multi-company setups across the HR sector.
Kredily offers Payroll Software, Attendance Management, Leave Management, and Expense Management.
Kredily has 74 investors. Key investors include Ledger, Mumbai Angels, Wellfound, Hem Securities, and LetsVenture.
The valuation of Kredily is $7.98M as of Oct 2023.
Kredily operates through Peopleprosper Technologies Private Limited.