About TankhaPay
TankhaPay is a company based in Delhi (India) founded in 2017 by Sukhneet Kaur and Sarabjit Singh. TankhaPay has raised $2.7 million across 1 funding round from investors including ELAN. TankhaPay offers products and services including Payroll Management, Attendance Tracking, HR Management, and Social Security Services. TankhaPay operates in a competitive market with competitors including Workday, Kronos, People Strong, Paylocity and Ceridian, among others.
- Headquarter Delhi, India
- Founders Sukhneet Kaur, Sarabjit Singh
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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 Akal Information Systems Limited
- Date of Incorporation 25 Jan, 2000
- Jurisdiction Delhi, India
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Annual Revenue
$13.7 M (USD)-22.77as on Mar 31, 2024
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Net Profit
$281.5 K (USD)-22.14as on Mar 31, 2024
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EBITDA
$585.85 K (USD)-28.69as on Mar 31, 2024
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Total Equity Funding
$2.7 M (USD)
in 1 rounds
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Latest Funding Round
$2.7 M (USD), Seed
Jun 23, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of TankhaPay
TankhaPay offers a comprehensive portfolio of products and services, including Payroll Management, Attendance Tracking, HR Management, and Social Security Services.
Automates payroll calculations for accurate and timely payments.
Tracks attendance using face recognition and geo-smart features.
Handles onboarding, performance, and compliance tasks efficiently.
Manages social security benefits and workforce regulations.
Funding Insights of TankhaPay
TankhaPay has successfully raised a total of $2.7M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.7 million completed in June 2023. 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 — $2.7M
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First Round
First Round
(23 Jun 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - TankhaPay | Valuation |
investors |
Investors in TankhaPay
TankhaPay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ELAN.
| Investor | Description | Founded Year | Domain | Location |
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Business consignment, staffing, and hospital management services are provided.
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Founded Year | Domain | Location |
Investments & Acquisitions by TankhaPay
Financial Statements - TankhaPay
Tankhapay Comparisons
Competitors of TankhaPay
TankhaPay 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 Workday, Kronos, People Strong, Paylocity and Ceridian, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Cloud-based human resource management software is offered.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is delivered globally.
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Latest news on Tankhapay
Frequently Asked Questions about TankhaPay
TankhaPay was founded in 2017 and raised its 1st funding round 6 years after it was founded.
TankhaPay is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
TankhaPay is a funded company, having raised a total of $2.7M across 1 funding round to date. The company's 1st funding round was a Seed of $2.7M, raised on Jun 23, 2023.
Annual revenue of TankhaPay is $13.7M as on Mar 31, 2024.
TankhaPay was founded in 2017 in Delhi, India, as a provider of cloud-based HR and payroll software. The platform is used to automate employee onboarding, attendance tracking, payroll calculations, compliance management, and applicant tracking. Additional features include social security handling, apprentice management, and training development. Operations focus on streamlining workforce management tasks within the HR technology sector.
TankhaPay's top competitors include Workday, SuccessFactors and GreytHR.
TankhaPay offers Payroll Management, Attendance Tracking, HR Management, and Social Security Services.
TankhaPay has 1 investor. Key investors include ELAN.