About sumHR
sumHR is a company based in Mumbai (India) founded in 2010 by Shahida Daiyan Azmi, Daiyan Azmi, and Jay Thaker was acquired by Jupiter in February 2023. sumHR has raised $340.5 thousand across 1 funding round from investors including Jupiter Money, LetsVenture and Z Nation Lab. The company has 11 employees as of March 30, 2024. sumHR operates in a competitive market with competitors including Gusto, Paycor, Paychex, TriNet and Rippling, among others.
- Headquarter Mumbai, India
- Employees 11 as on 30 Mar, 2024
- Founders Shahida Daiyan Azmi, Daiyan Azmi, Jay Thaker
- Stage Minicorn
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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 Sumhr Software Private Limited
- Date of Incorporation 13 Jul, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$155.82 K (USD)-12.85as on Mar 31, 2023
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Net Profit
-$158.63 K (USD)-328.8as on Mar 31, 2023
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EBITDA
-$145 K (USD)-889.37as on Mar 31, 2023
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Total Equity Funding
$340.5 K (USD)
in 1 rounds
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Latest Funding Round
$340.5 K (USD), Seed
Sep 24, 2018
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Investors
Jupiter Money
& 35 more
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Employee Count
11
as on Mar 30, 2024
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Acquired by
Jupiter
(Feb 17, 2023)
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Funding Insights of sumHR
sumHR has successfully raised a total of $340.5K through 1 strategic funding round. The most recent funding activity was a Seed round of $340.5 thousand completed in September 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.
Investors in sumHR
sumHR has secured backing from 36 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Jupiter Money, LetsVenture and Z Nation Lab.
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Startup accelerator
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Private equity firm focused on multiple sectors
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Financial advisory services in debt syndication, private equity, and CFO support.
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Investor details for sumHR
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Investments & Acquisitions by sumHR
Investment portfolio details for sumHR
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Financial Statements - sumHR
Detailed financials for sumHR
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- Profit trends
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Sumhr Comparisons
Peer comparison for sumHR
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- Named peers
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Competitors of sumHR
sumHR 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, Paychex, TriNet and Rippling, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based HR and payroll solutions are offered for small businesses.
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Cloud-based HRMS platform is provided for small and medium-sized businesses.
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Cloud-based HRMS solutions are delivered for payroll and employee management.
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Cloud-based HRMS platform is offered for small and medium businesses.
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Cloud-based HR management suite is provided for employee operations.
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Cloud-based HR management solutions are offered for payroll and compliance.
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Detailed competitors of sumHR
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Latest news on Sumhr
Complete news archive for sumHR
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Frequently Asked Questions about sumHR
sumHR was founded in 2010 and raised its 1st funding round 8 years after it was founded.
sumHR is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
sumHR is a funded company, having raised a total of $340.5K across 1 funding round to date.
As of Mar 30, 2024, the latest employee count at sumHR is 11.
Annual revenue of sumHR is $155.82K as on Mar 31, 2023.
sumHR was founded in 2010 in Mumbai, India, within the HR software sector. Comprehensive HR management tools are provided for small and medium businesses, covering employee databases, onboarding and exit processes, HR reports, approvals, attendance with GPS clock-in, leave tracking, payroll processing, expense claims, feedback forms, OKR frameworks, and goal setting. Operations rely on a subscription-based model, with mobile apps available on Google Play Store and Apple App Store.
sumHR has 36 investors. Key investors include Jupiter Money, LetsVenture, Z Nation Lab, Arvog, and Growthally Advisors.
The valuation of sumHR is $1.68M as of Sep 2018.