About Papaya Global
Papaya Global is a company based in New York (United States) founded in 2016.. Papaya Global has raised $438 million across 5 funding rounds from investors including Workday, Bessemer Venture Partners and Alkeon Capital Management. Papaya Global has completed 1 acquisition, including Azimo. Papaya Global operates in a competitive market with competitors including Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
- Headquarter New York, United States
- Stage Unicorn
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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 Papaya Global (India) Private Limited
- Date of Incorporation 27 Sep, 2023
- Jurisdiction Bangalore North, Karnataka, India
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Product Management Team
17 people
Leadership Team
14 people
Legal and Compliance
11 people
Senior Team
6 people
Finance and Accounting
5 people
Human Resources and Administration
5 people
Data Analysis and Operations Team
4 people
Head Team
4 people
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Funding Insights of Papaya Global
Papaya Global has successfully raised a total of $438M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $250 million completed in September 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 5
- Last Round Series D — $250.0M
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First Round
First Round
(03 Oct 2018)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series D - Papaya Global | Valuation | Insight Partners , Tiger Global Management | |
| Mar, 2021 | Amount | Series C - Papaya Global | Valuation | Greenoaks | |
| Sep, 2020 | Amount | Series B - Papaya Global | Valuation | Scale Venture Partners |
| 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 |
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Investors in Papaya Global
Papaya Global has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Workday, Bessemer Venture Partners and Alkeon Capital Management. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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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 Papaya Global
Papaya Global has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Azimo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cross-border money transfers are enabled via a digital banking channel.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Papaya Global
| 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 |
Papaya Global Comparisons
Competitors of Papaya Global
Papaya Global 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, Justworks, Earnin, Paylocity and Payflow, 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 |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll management solutions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Papaya Global
Frequently Asked Questions about Papaya Global
When was Papaya Global founded?
Papaya Global was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Papaya Global located?
Papaya Global is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Papaya Global a funded company?
Papaya Global is a funded company, having raised a total of $438M across 5 funding rounds to date. The company's 1st funding round was a Series B of $40M, raised on Oct 03, 2018.
What does Papaya Global do?
Papaya Global was founded in 2016 and is based in New York, United States. Payroll management solutions are delivered via a cloud platform, supporting integrations with HRIS, ERP systems, insurance providers, HR tools, benefits administration, reporting functions, and additional system connections. Payment processing options are included. Revenue is generated through subscription plans in the HR technology sector.
Who are the top competitors of Papaya Global?
How many acquisitions has Papaya Global made?
Papaya Global has made 1 acquisition, including Azimo.
Who are Papaya Global's investors?
Papaya Global has 17 investors. Key investors include Workday, Bessemer Venture Partners, Alkeon Capital Management, New Era Ventures, and Insight Partners.
What is Papaya Global's valuation?
The valuation of Papaya Global is $3.7B as of Sep 2021.
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