About Paybooks- A TransPerfect Company
Paybooks- A TransPerfect Company is a company based in Bengaluru (India) founded in 2012 by Gururaja Upendra was acquired by TransPerfect in September 2024.. Paybooks- A TransPerfect Company has raised $912.29 thousand across 5 funding rounds from investors including TransPerfect, Muru Manickam and Srinivas Ayyalaraju. The company has 98 employees as of April 06, 2024. Paybooks- A TransPerfect Company offers products and services including Payroll Software, Payroll Outsourcing, and Employer of Records (EOR). Paybooks- A TransPerfect Company operates in a competitive market with competitors including Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
- Headquarter Bengaluru, India
- Employees 98 as on 06 Apr, 2024
- Founders Gururaja Upendra
- 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
*********
- Legal Name Paybooks Technologies India Private Limited
- Date of Incorporation 13 Jun, 2012
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$1.09 M (USD)3.84as on Mar 31, 2024
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Net Profit
$-154.57 K (USD)-17.14as on Mar 31, 2024
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EBITDA
$-103.42 K (USD)-10325.29as on Mar 31, 2024
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Total Equity Funding
$912.29 K (USD)
in 5 rounds
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Latest Funding Round
$137.51 K (USD), Angel Round
Mar 12, 2021
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Investors
TransPerfect
& 11 more
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Employee Count
98
as on Apr 06, 2024
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Acquired by
TransPerfect
(Sep 30, 2024)
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Products & Services of Paybooks- A TransPerfect Company
Paybooks- A TransPerfect Company offers a comprehensive portfolio of products and services, including Payroll Software, Payroll Outsourcing, and Employer of Records (EOR). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing payroll, deductions, and compliance tasks
Service for handling payroll processing and compliance remotely
Solution for managing employee records and operations
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Sales and Marketing
2 people
Product Management Team
2 people
Payroll Team
1 people
Leadership Team
1 people
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Funding Insights of Paybooks- A TransPerfect Company
Paybooks- A TransPerfect Company has successfully raised a total of $912.29K across 5 strategic funding rounds. The most recent funding activity was a Angel Round round of $137.51 thousand completed in March 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 Angel Round — $137,510
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First Round
First Round
(01 Oct 2013)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Angel Round - Paybooks- A TransPerfect Company | Valuation | Muru Manickam | |
| Feb, 2019 | Amount | Angel Round - Paybooks- A TransPerfect Company | Valuation | Muru Manickam | |
| Jan, 2017 | Amount | Angel Round - Paybooks- A TransPerfect Company | Valuation | Mohammed Salman |
| 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 Paybooks- A TransPerfect Company
Paybooks- A TransPerfect Company has secured backing from 12 investors, including angel and institutional investors. Prominent investors backing the company include TransPerfect, Muru Manickam and Srinivas Ayyalaraju. 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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Translation and localization services are provided, including language management.
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Founded Year | Domain | Location | |
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MM
Muru Manickam |
Angel investor, tech entrepreneur, and advisor in Indian startup ecosystem
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Founded Year | Domain | Location |
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SA
Srinivas Ayyalaraju |
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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 Paybooks- A TransPerfect Company
| 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 |
Financial Statements - Paybooks- A TransPerfect Company
| 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 |
Paybooks- A Transperfect Company Comparisons
Competitors of Paybooks- A TransPerfect Company
Paybooks- A TransPerfect Company 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 |
|---|---|---|---|---|
| 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 Paybooks- A TransPerfect Company
When was Paybooks- A TransPerfect Company founded?
Paybooks- A TransPerfect Company was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Paybooks- A TransPerfect Company located?
Paybooks- A TransPerfect Company is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Paybooks- A TransPerfect Company a funded company?
Paybooks- A TransPerfect Company is a funded company, having raised a total of $912.29K across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $165.99K, raised on Oct 01, 2013.
How many employees does Paybooks- A TransPerfect Company have?
As of Apr 06, 2024, the latest employee count at Paybooks- A TransPerfect Company is 98.
What is the annual revenue of Paybooks- A TransPerfect Company?
Annual revenue of Paybooks- A TransPerfect Company is $1.09M as on Mar 31, 2024.
What does Paybooks- A TransPerfect Company do?
Founded in 2012 and based in Bengaluru, India, Paybooks operates in the HR technology sector, offering cloud-based solutions for payroll calculations, tax compliance, and employee management. Services encompass onboarding to exit workflows, leave tracking, attendance monitoring, expense reimbursements, and self-service portals for employees and managers. Indian statutory needs such as PT, PF, ESIC, TDS, and LWF are supported, with integrations to authentication systems and collaboration platforms for unified administration.
Who are the top competitors of Paybooks- A TransPerfect Company?
What products or services does Paybooks- A TransPerfect Company offer?
Paybooks- A TransPerfect Company offers Payroll Software, Payroll Outsourcing, and Employer of Records (EOR).
Who are Paybooks- A TransPerfect Company's investors?
Paybooks- A TransPerfect Company has 12 investors. Key investors include TransPerfect, Muru Manickam, Srinivas Ayyalaraju, Krishna Hedge, and Priya Karnik.
What is Paybooks- A TransPerfect Company's valuation?
The valuation of Paybooks- A TransPerfect Company is $2.61M as of Mar 2021.