About smartstaff
smartstaff is a Technology company based in Bengaluru (India) founded in 2020 by Rohit Jain, Arpit Dave, Gnanesh Chilukuri, and Aravind Reddy. smartstaff has raised $12.59 million across 6 funding rounds from investors including Angel List, Nexus Venture Partners and PERSOL. The company has 438 employees. smartstaff was last valued at $32.1 million in August 2023. Its chief executive, as recorded, is Arpit Dave. Its website smartstaff.co.in draws about 55 thousand monthly visits. Its Indian entity Smartstaff Staffing Services Private Limited reported revenue of ₹24.34 Cr. smartstaff offers products and services including SmartX App, Advance Salary Feature, Facial Recognition, and Referral System. Its focus areas include Enterprise Applications, HRTech, Contract Workforce Recruitment and On Demand Staffing Platform.
Company details
Provider of workforce management platform for blue collar employee lifecycle management. The platform offers features such as digital onboarding, automated timesheets, payroll processing, recruitment, employee retention, and salary advance management. The platform aims to streamline workforce operations and enhance employee engagement.
- Headquarters Bengaluru, India
- Employees 438
- Founders Rohit Jain, Arpit Dave, Gnanesh Chilukuri, Aravind Reddy
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website smartstaff.co.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Smartstaff Staffing Services Private Limited
- Date of Incorporation 09 Apr, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹24.34 Cr
FY 2024 · +246% YoY
- Net Loss-₹2.73 Cr
FY 2024 · -11% margin
- EBITDA-₹2.31 Cr
FY 2024 · -10% margin
- Total Equity Funding$12.59M (USD)
in 6 rounds
- Latest Funding Round$1.52M (USD), Series A
Feb 2025
- InvestorsAngel List
& 26 more
- Employee Count438
Associated legal entities of smartstaff
smartstaff is associated with 2 registered companies on The Company Check; the primary company is Smartstaff Staffing Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Smartstaff Staffing Services Private Limited CIN U74999KA2022PTC159879 | Active | 09 Apr 2022 | Bangalore, Karnataka | ₹24.3 Cr | 1,277 | 2 | View details |
| Qikwork Services Private Limited CIN U74999KA2020PTC139423 | Active | 07 Oct 2020 | Bangalore, Karnataka | ₹34.7 Cr | 596 | 2 | View details |
Products & Services of smartstaff
smartstaff offers a comprehensive portfolio of products and services, including SmartX App, Advance Salary Feature, Facial Recognition, and Referral System.
App for digitizing blue-collar workforce operations.
Enables early access to earnings for workers.
Uses biometric tech for accurate employee check-ins.
Automates referrals to expand workforce quickly.
Funding Insights of smartstaff
smartstaff has successfully raised a total of $12.59M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1.52 million completed in February 2025. 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 $12.59M
- Total Rounds 6
- Last Round Series A — $1.52M
- First Round $2.72M
(Dec 2020)
- Investors Count 27
All 6 funding rounds of smartstaff 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 |
|---|---|---|---|---|---|
| Feb 2025 | $1.52M | Series A | – | Arkam Ventures, Arpit Dave | |
| Aug 2023 | $557,012 | Series A | $32.1M | PERSOL | |
| Jul 2023 | $671,127 | Debt – Venture | – | – | |
| Jan 2023 | $6.2M | Series A | – | Nexus Ventures, Alteria Capital | |
| Oct 2021 | $1.59M | Seed | $22.81M | Arkam Ventures | |
| Dec 2020 | $2.72M | Seed | $••••• | Nexus Venture Partners, Blume Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2023 | $32.1M | •••••••• |
| Oct 2021 | $22.81M | •••••••• |
| Dec 2020 | $••••• | •••••••• |
Full valuation and stage history of smartstaff
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $32.1M (Aug 2023). 27 investors in total: 9 institutional and 18 angel.
Investors in smartstaff
smartstaff has secured backing from 27 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Angel List, Nexus Venture Partners and PERSOL.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Seed-stage investments in Turkish tech and offline companies are targeted. | nexus.ventures | Istanbul, Turkey | ||
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Tech-enabled sectors are invested in by the venture capital fund. | arkamvc.com | Bengaluru, India | ||
Venture capital firm backing startups in Fintech and Consumer Tech sectors. | 2017 | gembacapital.in | Bengaluru, India | |
Venture capital firm that partners with entrepreneurs for product-first companies. | 2006 | nexusvp.com | Menlo Park, United States | |
Diversified operations are maintained across multiple industries worldwide. | 1973 | persol-group.co.jp | Shibuya, Japan | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
Delivers comprehensive financial services solutions to support client needs. | 2016 | artha-niti.com | Bengaluru, India | |
MG Mohit Gupta | Co-founder of Zomato, active angel investor in Indian startups | unknown_fc12b784515746d2b |
Investor details for smartstaff
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Smartstaff Staffing Services Private Limited (smartstaff)
Smartstaff Staffing Services Private Limited is the primary company behind smartstaff. The boards of the 2 registered companies of smartstaff currently have 2 directors; the longest-serving is Chilukuri Nagagnanesh, appointed in 2020. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chilukuri Nagagnanesh DIN 08907231 | Director | 07 Oct 2020 | 6 yrs | Qikwork Services Private Limited, Smartstaff Staffing Services Private Limited |
| Arpit Dave DIN 07117863 | Director | 24 Oct 2020 | 6 yrs | Qikwork Services Private Limited, Smartstaff Staffing Services Private Limited |
People of smartstaff
11 people are tracked at smartstaff (7 in leadership, 4 in team); the tracked headcount is 438.
| Name | Role | Group |
|---|---|---|
Rohit Jain | Co-Founder & COO | Leadership |
| Co-Founder & CEO | Leadership | |
Gnanesh Chilukuri | Co-Founder & CTO | Leadership |
Aravind Reddy | Co-Founder | Leadership |
Vikram Ithal | Director Of Finance | Leadership |
Mayank Gelani | Vice President- Product | Leadership |
Tanmay Bohra | Director - Business Operations | Leadership |
Kartikeya Mohan | Software Development Engineer | Team |
Rahul Rai | Associate | Team |
Anvith Shetty | Senior Software Development Engineer | Team |
R Kamaraju Reddy | Operations Associate | Team |
Complete people profiles for smartstaff
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of smartstaff
Figures of Smartstaff Staffing Services Private Limited, the primary company behind smartstaff, for FY 2024. Revenue was ₹24.34 Cr (+246% year on year). Net loss was -₹2.73 Cr (-11% margin). EBITDA was -₹2.31 Cr (-10% margin).
- ₹24.34 CrRevenue · FY 2024 · +246% YoY
- -₹2.73 CrNet loss · -11% margin
- -₹2.31 CrEBITDA · -10% margin
- ₹1 LakhPaid-up capital
- 1,277Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Smartstaff Staffing Services Private Limited are on its company page.
Detailed financial statements for smartstaff
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of smartstaff
4 dated milestones of smartstaff across 5 years, from founding to its latest funding, stage changes and deals.
- Founded smartstaff is founded.
- Funding First funding round of $2.7M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.5M.
Web traffic of smartstaff
The website of smartstaff (smartstaff.co.in) receives about 55.4K visits a month.
- Monthly visits55.4K
▲ 5.7% vs previous month
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Related news about Smartstaff
Complete news archive for smartstaff
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Frequently Asked Questions about smartstaff
smartstaff was founded in 2020.
smartstaff is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Arpit Dave is the CEO of smartstaff, as recorded in our data. They have also founded this company.
smartstaff is a funded company, having raised a total of $12.59M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.72M, raised on Dec 2020.
smartstaff has 438 employees.
The primary company behind smartstaff, Smartstaff Staffing Services Private Limited, reported revenue of ₹24.34 Cr for FY 2024, up 246% year on year.
Provider of workforce management platform for blue collar employee lifecycle management. The platform offers features such as digital onboarding, automated timesheets, payroll processing, recruitment, employee retention, and salary advance management. The platform aims to streamline workforce operations and enhance employee engagement.
smartstaff offers SmartX App, Advance Salary Feature, Facial Recognition, and Referral System.
smartstaff has 27 investors. Key investors include Angel List, Nexus Venture Partners, PERSOL, Alteria Capital, and Gemba Capital.
The valuation of smartstaff is $32.1M as of Aug 2023.
smartstaff is associated with 2 legal entities: Smartstaff Staffing Services Private Limited, Qikwork Services Private Limited.
The legal entities of smartstaff currently have 2 directors, including Chilukuri Nagagnanesh, Arpit Dave.