About SalaryBox
SalaryBox is a company based in Gurugram (India) founded in 2020 by Peeyush Goyal and Nikhil Goel.. SalaryBox has raised $4.13 million across 3 funding rounds from investors including 2am VC, Y Combinator and AME Cloud Ventures. The company has 70 employees as of March 22, 2024. SalaryBox offers products and services including Mobile Attendance, Biometric Attendance, Payroll Processing, Roster Management, and Leave Management. SalaryBox operates in a competitive market with competitors including Gusto, Paycor, Payflow, Paychex and TriNet, among others.
- Headquarter Gurugram, India
- Employees 70 as on 22 Mar, 2024
- Founders Peeyush Goyal, Nikhil Goel
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Cresce Technology Private Limited
- Date of Incorporation 03 Jun, 2021
- Jurisdiction Delhi, Delhi, India
-
Annual Revenue
$122.14 K (USD)0as on Mar 31, 2022
-
Net Profit
$-353.56 K (USD)0as on Mar 31, 2022
-
EBITDA
$-335.39 K (USD)0as on Mar 31, 2022
-
Total Equity Funding
$4.13 M (USD)
in 3 rounds
-
Latest Funding Round
$4 M (USD), Seed
Nov 17, 2021
-
Investors
2am VC
& 11 more
-
Employee Count
70
as on Mar 22, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of SalaryBox
SalaryBox offers a comprehensive portfolio of products and services, including Mobile Attendance, Biometric Attendance, Payroll Processing, Roster Management, and Leave Management. 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.
Real-time tracking of employee attendance via mobile app
Secure integration for biometric-based employee check-ins
Automated calculations for salaries, taxes, and reimbursements
System for creating and notifying employee schedules
Platform for requesting, approving, and tracking employee leaves
Unlock access to complete
Funding Insights of SalaryBox
SalaryBox has successfully raised a total of $4.13M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in November 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 3
- Last Round Seed — $4.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - SalaryBox | Valuation | AME Cloud Ventures , Soma Capital | |
| Sep, 2021 | Amount | Seed - SalaryBox | Valuation | Y Combinator |
|
| May, 2021 | Amount | Seed - SalaryBox | Valuation | GSF |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SalaryBox
SalaryBox has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include 2am VC, Y Combinator and AME Cloud Ventures. 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 |
|---|---|---|---|---|
|
Early-stage startups are accelerated via funding and educational programs.
|
Founded Year | Domain | Location | |
|
AME Cloud Ventures is focused on investing in data-driven technology companies.
|
Founded Year | Domain | Location | |
|
Early-stage investments are provided by Soma Capital to startups.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SalaryBox
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - SalaryBox
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Salarybox Comparisons
Competitors of SalaryBox
SalaryBox 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, Paycor, Payflow, Paychex and TriNet, 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.
|
|
| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
|
|
| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
|
|
| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
|
|
| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium businesses.
|
|
| domain | founded_year | HQ Location |
Cloud-based HR management suite is provided for employee operations.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about SalaryBox
When was SalaryBox founded?
SalaryBox was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is SalaryBox located?
SalaryBox is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of SalaryBox?
Nikhil Goel is the current CEO of SalaryBox. They have also founded this company.
Is SalaryBox a funded company?
SalaryBox is a funded company, having raised a total of $4.13M across 3 funding rounds to date.
How many employees does SalaryBox have?
As of Mar 22, 2024, the latest employee count at SalaryBox is 70.
What is the annual revenue of SalaryBox?
Annual revenue of SalaryBox is $122.14K as on Mar 31, 2022.
What does SalaryBox do?
SalaryBox was founded in 2020 in Gurugram, India, within the HR technology sector. Payroll management software tailored for small and medium enterprises is delivered, emphasizing mobile accessibility. Staff oversight is facilitated through methods like location-based and selfie attendance, live GPS tracking for field employees, geofence options, QR codes, kiosks, and biometrics. Automatic salary computations, advances, loan handling, bulk payments, and slip distribution are supported across operations in India.
Who are the top competitors of SalaryBox?
What products or services does SalaryBox offer?
SalaryBox offers Mobile Attendance, Biometric Attendance, Payroll Processing, Roster Management, and Leave Management.
Who are SalaryBox's investors?
SalaryBox has 12 investors. Key investors include 2am VC, Y Combinator, AME Cloud Ventures, Soma Capital, and Gokul Rajaram.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.