About PayReview
PayReview is a Technology company based in Gurugram (India) founded in 2017, and was acquired by People Strong in March 2022. PayReview has raised $23.79 thousand across 1 funding round from investors including People Strong, Ashutosh Kelkar and Gaurav Sharma. PayReview was last valued at $319.14 thousand in March 2018. Its Indian entity Evoque Advisory Private Limited reported revenue of ₹2.31 Cr. Its focus areas include Enterprise Applications, HRTech, Payroll Management and FinTech.
Company details
Cloud-based compensation platform. It helps organizations via allocation monitoring of HR investments across employee life cycles for better talent decisions. It offers 7 products to cater these needs i.e. Hire Review, Fair Increments, Incentive Now, BenchmarkAssist, Deep Analytics, Workforce Plans, and Smart Budgets.
- Headquarters Gurugram, India
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website payreview.work
- Social LinkedIn X Facebook
- Acquired by People Strong (Mar 2022)
- Legal Name Evoque Advisory Private Limited
- Date of Incorporation 21 Apr, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.31 Cr
FY 2024 · +16% YoY
- Net Profit₹82.1 Lakh
FY 2024 · 35% margin
- EBITDA₹1.20 Cr
FY 2024 · 52% margin
- Total Equity Funding$23.79K (USD)
in 1 rounds
- Latest Funding Round$23.79K (USD), Angel Round
Mar 2018
- InvestorsPeople Strong
& 4 more
- Acquired byPeople Strong
(Mar 2022)
Associated legal entities of PayReview
PayReview operates through Evoque Advisory Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Evoque Advisory Private Limited CIN U74999MH2017PTC294182 | Active | 21 Apr 2017 | Mumbai, Maharashtra | ₹2.3 Cr | 2 | View details |
Funding Insights of PayReview
PayReview has successfully raised a total of $23.79K through 1 strategic funding round. The most recent funding activity was a Angel Round of $23.79 thousand completed in March 2018. 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 $23,789
- Total Rounds 1
- Last Round Angel Round — $23,789
- First Round $23,789
(Mar 2018)
- Investors Count 4
All 1 funding rounds of PayReview 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 |
|---|---|---|---|---|---|
| Mar 2018 | $23,789 | Angel Round | $319,135 | Ashutosh Kelkar, Gaurav Sharma |
Last known valuation $319,135 (Mar 2018). 5 investors in total: 1 institutional and 4 angel.
Investors in PayReview
PayReview has secured backing from 5 investors, including angel and institutional investors. Prominent investors backing the company include People Strong, Ashutosh Kelkar and Gaurav Sharma.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based human resource management software is offered. | 2005 | peoplestrong.com | Gurugram, India | |
AK Ashutosh Kelkar | unknown_310cdb5dbf3341ff9 | |||
GS Gaurav Sharma | Angel investor, tech entrepreneur, and advisor in Indian startup ecosystem. | unknown_57d1e54798064c7da | ||
CR Clement Rosario | unknown_6e3f4bf39b2d40b28 | |||
GS Gaurav Sharma | unknown_2764dd618eb8457c9 |
Investor details for PayReview
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Evoque Advisory Private Limited (PayReview)
Evoque Advisory Private Limited is the primary company behind PayReview. The board of Evoque Advisory Private Limited currently have 2 directors; the longest-serving is Anurag Srivastav, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anurag Srivastav DIN 07613209 | Director | 21 Apr 2017 | 9 yrs 6 mo | Evoque Advisory Private Limited |
| Sudhanshu Sharma DIN 07553186 | Director | 21 Apr 2017 | 9 yrs 6 mo | Evoque Advisory Private Limited |
Financials of PayReview
Figures of Evoque Advisory Private Limited, the primary company behind PayReview, for FY 2024. Revenue was ₹2.31 Cr (+16% year on year). Net profit was ₹82.1 Lakh (35% margin). EBITDA was ₹1.20 Cr (52% margin). Revenue has grown at a compounded annual rate of +32% over three years and +70% over five years.
- ₹2.31 CrRevenue · FY 2024 · +16% YoY
- ₹82.1 LakhNet profit · 35% margin
- ₹1.20 CrEBITDA · 52% margin
- ₹1 LakhPaid-up capital
- +32%Revenue CAGR, 3 years
- +70%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Evoque Advisory Private Limited are on its company page.
Detailed financial statements for PayReview
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PayReview
3 dated milestones of PayReview across 5 years, from founding to its latest funding, stage changes and deals.
- Founded PayReview is founded.
- Funding First funding round of $24K.
- Exit Acquired by People Strong.
Web traffic of PayReview
The website of PayReview (payreview.work) receives about 1.1K visits a month.
- Monthly visits1.1K
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Related news about Payreview
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Frequently Asked Questions about PayReview
PayReview was founded in 2017 and raised its 1st funding round 1 year after it was founded.
PayReview is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
PayReview is a funded company, having raised a total of $23.79K across 1 funding round to date. The company's 1st funding round was a Angel Round of $23.79K, raised on Mar 2018.
The primary company behind PayReview, Evoque Advisory Private Limited, reported revenue of ₹2.31 Cr for FY 2024, up 16% year on year.
Cloud-based compensation platform. It helps organizations via allocation monitoring of HR investments across employee life cycles for better talent decisions. It offers 7 products to cater these needs i.e. Hire Review, Fair Increments, Incentive Now, BenchmarkAssist, Deep Analytics, Workforce Plans, and Smart Budgets.
PayReview has 5 investors. Key investors include People Strong, Ashutosh Kelkar, Gaurav Sharma, Clement Rosario, and Gaurav Sharma.
The valuation of PayReview is $319.14K as of Mar 2018.
PayReview operates through Evoque Advisory Private Limited.
Yes. PayReview was acquired by People Strong in March 2022.
The legal entities of PayReview currently have 2 directors, including Anurag Srivastav, Sudhanshu Sharma.