About Kredily
Kredily is a company based in Bengaluru (India) founded in 2017 by Devendra Khandegar. Kredily has raised $3.06 million across 11 funding rounds from investors including Ledger, Mumbai Angels and Wellfound. The company has 30 employees as of March 21, 2024. Kredily offers products and services including Payroll Software, Attendance Management, Leave Management, and Expense Management. Kredily operates in a competitive market with competitors including Gusto, ADP, Paycor, Paychex and TriNet, among others.
- Headquarter Bengaluru, India
- Employees 30 as on 21 Mar, 2024
- Founders Devendra Khandegar
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Peopleprosper Technologies Private Limited
- Date of Incorporation 08 Feb, 2017
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$229.91 K (USD)85.87as on Mar 31, 2023
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Net Profit
-$465.11 K (USD)4.77as on Mar 31, 2023
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EBITDA
-$399.41 K (USD)2.12as on Mar 31, 2023
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Total Equity Funding
$3.06 M (USD)
in 11 rounds
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Latest Funding Round
$58.4 K (USD), Seed
Aug 30, 2024
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Investors
Ledger
& 73 more
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Employee Count
30
as on Mar 21, 2024
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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.
People of Kredily
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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.
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.
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Venture capital fund focused on UK-India innovation corridor and technology transfer.
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Multiple sectors are targeted by investments from Indus Valley Capital.
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Investor details for Kredily
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Investments & Acquisitions by Kredily
Investment portfolio details for Kredily
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Financial Statements - Kredily
Detailed financials for Kredily
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Kredily Comparisons
Peer comparison for Kredily
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Competitors of Kredily
Kredily 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 Gusto, ADP, Paycor, Paychex and TriNet, among others.
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Cloud-based HR and payroll solutions are offered for small businesses.
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Cloud-based HR management solutions are offered for payroll and compliance.
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Cloud-based HRMS platform is provided for small and medium-sized businesses.
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Cloud-based HRMS solutions are delivered for payroll and employee management.
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Cloud-based HRMS platform is offered for small and medium businesses.
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Cloud-based HRMS platform is offered for small and medium-sized businesses.
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Detailed competitors of Kredily
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Latest news on Kredily
Complete news archive for 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.
As of Mar 21, 2024, the latest employee count at Kredily is 30.
Annual revenue of Kredily is $229.91K as on Mar 31, 2023.
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.