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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $340,497
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First Round
First Round
(24 Sep 2018)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Seed - sumHR | Valuation | Arvog , Asish Bhattacharya |
| 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 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. 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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Startup accelerator
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Financial advisory services in debt syndication, private equity, and CFO support.
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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 sumHR
| 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 - sumHR
| 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 |
Sumhr Comparisons
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. 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.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium businesses.
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| domain | founded_year | HQ Location |
Cloud-based HR management suite is provided for employee operations.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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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 Sumhr
Frequently Asked Questions about sumHR
When was sumHR founded?
sumHR was founded in 2010 and raised its 1st funding round 8 years after it was founded.
Where is sumHR located?
sumHR is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is sumHR a funded company?
sumHR is a funded company, having raised a total of $340.5K across 1 funding round to date. The company's 1st funding round was a Seed of $340.5K, raised on Sep 24, 2018.
How many employees does sumHR have?
As of Mar 30, 2024, the latest employee count at sumHR is 11.
What is the annual revenue of sumHR?
Annual revenue of sumHR is $155.82K as on Mar 31, 2023.
What does sumHR do?
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.
Who are sumHR's investors?
sumHR has 36 investors. Key investors include Jupiter Money, LetsVenture, Z Nation Lab, Arvog, and Growthally Advisors.
What is sumHR's valuation?
The valuation of sumHR is $1.68M as of Sep 2018.
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