About Qandle
Qandle is a company based in Gurugram (India) founded in 2016 by Himanshu Aggarwal and Chayan Mukhopadhyay was acquired by Mynd Solutions in April 2025.. Qandle has raised $1.22 million across 2 funding rounds from investors including Mynd Solutions, Village Capital and Arun Chandra Mohan. Qandle offers products and services including HR Software, Payroll Software, Recruitment Software, Time and Attendance Software, and Leave Management System. Qandle operates in a competitive market with competitors including Workday, Kronos, Darwinbox, People Strong and Paylocity, among others.
- Headquarter Gurugram, India
- Founders Himanshu Aggarwal, Chayan Mukhopadhyay
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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 Digital Ecom Techno Private Limited
- Date of Incorporation 17 Jun, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$568.76 K (USD)39.36as on Mar 31, 2024
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Net Profit
$18.62 K (USD)385.15as on Mar 31, 2024
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EBITDA
$23.91 K (USD)381.57as on Mar 31, 2024
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Total Equity Funding
$1.22 M (USD)
in 2 rounds
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Latest Funding Round
$20 K (USD), Seed
Jul 22, 2021
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Investors
Mynd Solutions
& 3 more
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Employee Count
Employee Count
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Acquired by
Mynd Solutions
(Apr 18, 2025)
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Products & Services of Qandle
Qandle offers a comprehensive portfolio of products and services, including HR Software, Payroll Software, Recruitment Software, Time and Attendance Software, and Leave Management System. 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 comprehensive employee profile and process management
Automates salary calculations and compliance for businesses
Streamlines hiring with applicant tracking and onboarding
Monitors employee hours and leaves for accurate reporting
Handles leave approvals and policy enforcement efficiently
Funding Insights of Qandle
Qandle has successfully raised a total of $1.22M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $20 thousand completed in July 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 2
- Last Round Seed — $20,000
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First Round
First Round
(27 Feb 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Seed - Qandle | Valuation | Village Capital |
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| Feb, 2018 | Amount | Seed - Qandle | Valuation | RedwoodVentures |
| 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 Qandle
Qandle has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mynd Solutions, Village Capital and Arun Chandra Mohan. 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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Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital.
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Founded Year | Domain | Location | |
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Provides comprehensive e-commerce support services for businesses.
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Founded Year | Domain | Location | |
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AC
Arun Chandra Mohan |
Co-founder of Sauce.vc, angel investor, ex-Jabong and Unicommerce executive
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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 Qandle
| 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 - Qandle
| 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 |
Qandle Comparisons
Competitors of Qandle
Qandle 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 Workday, Kronos, Darwinbox, People Strong and Paylocity, 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 financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Human capital management platform is provided for HR process automation.
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| domain | founded_year | HQ Location |
Cloud-based human resource management software is offered.
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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 |
Cloud-based human capital management software is provided for enterprises.
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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 Qandle
Frequently Asked Questions about Qandle
When was Qandle founded?
Qandle was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Qandle located?
Qandle is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Qandle?
Chayan Mukhopadhyay is the current CEO of Qandle. They have also founded this company.
Is Qandle a funded company?
Qandle is a funded company, having raised a total of $1.22M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Feb 27, 2018.
What is the annual revenue of Qandle?
Annual revenue of Qandle is $568.76K as on Mar 31, 2024.
What does Qandle do?
Qandle was founded in 2016 and is based in Gurugram, India, where cloud-based HR management software is developed for enterprises. Modules are included for recruitment, onboarding, employee lifecycle, leave and attendance, compensation, performance, payroll, travel benefits, collaboration, and workforce analytics. A chatbot assistant is integrated for administrative support. Operations follow a subscription-based pricing model in the HR technology sector.
Who are the top competitors of Qandle?
Qandle's top competitors include Workday, SuccessFactors and GreytHR.
What products or services does Qandle offer?
Qandle offers HR Software, Payroll Software, Recruitment Software, Time and Attendance Software, and Leave Management System.
Who are Qandle's investors?
Qandle has 4 investors. Key investors include Mynd Solutions, Village Capital, Arun Chandra Mohan, and RedwoodVentures.