About Skuad
Skuad is a company based in Singapore (Singapore) founded in 2019 was acquired by Payoneer in August 2024.. Skuad has raised $19 million across 2 funding rounds from investors including Payoneer, Rapyd and Anthemis Group. The company has 282 employees as of March 29, 2024. Skuad operates in a competitive market with competitors including Remote, Connecteam, Remofirst, Chekhub and RemoteBridge, among others.
- Headquarter Singapore, Singapore
- Employees 282 as on 29 Mar, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Skuad Lab India Private Limited
- Date of Incorporation 31 Jan, 2020
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$1.2 M (USD)-44.88as on Mar 31, 2023
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Net Profit
$-57.81 K (USD)-171.43as on Mar 31, 2023
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EBITDA
$56.21 K (USD)-72.02as on Mar 31, 2023
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Total Equity Funding
$19 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series A
Apr 13, 2022
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Investors
Payoneer
& 8 more
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Employee Count
282
as on Mar 29, 2024
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Acquired by
Payoneer
(Aug 07, 2024)
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Software Development Team
12 people
Sales and Marketing
5 people
Leadership Team
4 people
Finance and Accounting
3 people
Data Analysis and Operations Team
2 people
Legal and Compliance
1 people
Human Resources and Administration
1 people
Assistant Team
1 people
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Funding Insights of Skuad
Skuad has successfully raised a total of $19M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in April 2022. 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 Series A — $15.0M
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First Round
First Round
(20 Dec 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - Skuad | Valuation | Go Ventures | |
| Dec, 2020 | Amount | Seed - Skuad | Valuation | Beenext , Anthemis Group |
| 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 Skuad
Skuad has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Payoneer, Rapyd and Anthemis Group. 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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Early-stage venture capital fund
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Founded Year | Domain | Location | |
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Early and growth-stage startups are funded by Anthemis Group.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple 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 Skuad
| 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 - Skuad
| 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 |
Skuad Comparisons
Competitors of Skuad
Skuad 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 Remote, Connecteam, Remofirst, Chekhub and RemoteBridge, 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 software is offered for distributed teams.
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| domain | founded_year | HQ Location |
White-label mobile apps for employee engagement are provided to organizations.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for remote teams.
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| domain | founded_year | HQ Location |
Cloud-based business management software is provided by Chekhub.
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| domain | founded_year | HQ Location |
Virtual onboarding solutions are offered for metaverse enterprises.
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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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Latest news on Skuad
Frequently Asked Questions about Skuad
When was Skuad founded?
Skuad was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Skuad located?
Skuad is headquartered in Singapore, Singapore.
Is Skuad a funded company?
Skuad is a funded company, having raised a total of $19M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Dec 20, 2020.
How many employees does Skuad have?
As of Mar 29, 2024, the latest employee count at Skuad is 282.
What is the annual revenue of Skuad?
Annual revenue of Skuad is $1.2M as on Mar 31, 2023.
What does Skuad do?
Skuad is a global human resource platform that automates payroll management, local compliance, and taxation of your employees. It makes remote employment possible in 160-plus countries worldwide. The company helps employers build and pay their remote workforce, seamlessly, without needing to set up local entities. They make hiring and paying full-time employees and contractors seamless. Its headquarters is in Singapore, Central Singapore. Sundeep Sahi is the Co-Founder CEO of Skuad. The company has raised a total of dollar 4 million in funding. It has 100 plus employees working in the organization.
Who are the top competitors of Skuad?
Skuad's top competitors include Remote, Connecteam and Remofirst.
Who are Skuad's investors?
Skuad has 9 investors. Key investors include Payoneer, Rapyd, Anthemis Group, Mindlance, and Beenext.
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