About TeamLease
TeamLease is a company based in Bengaluru (India) founded in 2000 by Rituparna Chakraborty, Ashok Reddy, Manish Sabharwal, and Neeti Sharma.. TeamLease has raised $28.39 million across 3 funding rounds from investors including Gaja Capital and ICICI Venture. The company has 2,470 employees as of March 31, 2024. TeamLease has completed 10 acquisitions, including ASAP Info System, Avantis India and ECentric Solutions. TeamLease offers products and services including Job Portal and Recruitment Services. TeamLease operates in a competitive market with competitors including Able Jobs, NetAmbit, PageGroup, Spectrum Talent Management and Xpheno, among others.
- Headquarter Bengaluru, India
- Employees 2470 as on 31 Mar, 2024
- Founders Rituparna Chakraborty, Ashok Reddy, Manish Sabharwal, Neeti Sharma
- Stage Public
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Teamlease Services Limited
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Annual Revenue
$1.3 B (USD)19.68as on Mar 31, 2024
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Net Profit
$12.73 M (USD)-3.02as on Mar 31, 2024
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EBITDA
$16.36 M (USD)5.23as on Mar 31, 2024
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Total Equity Funding
$28.39 M (USD)
in 3 rounds
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Latest Funding Round
$22.5 M (USD), Series B
Apr 05, 2011
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Investors
Gaja Capital
& 1 more
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Employee Count
2470
as on Mar 31, 2024
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Investments & Acquisitions
ASAP Info System
& 9 more
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IPO & Listings of TeamLease
TeamLease is a publicly listed company on the NSE with ticker symbol TEAMLEASE in India, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of TeamLease
TeamLease offers a comprehensive portfolio of products and services, including Job Portal and Recruitment Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for searching and applying to blue-collar jobs in India.
Tools for employers to post jobs and manage hiring processes.
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Funding Insights of TeamLease
TeamLease has successfully raised a total of $28.39M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $22.5 million completed in April 2011. 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 3
- Last Round Series B — $22.5M
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First Round
First Round
(01 Apr 2002)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2011 | Amount | Series B - TeamLease | Valuation | ICICI Venture | |
| Jun, 2009 | Amount | Series A - TeamLease | Valuation | Gaja Capital |
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| Apr, 2002 | Amount | Seed - TeamLease | Valuation |
investors |
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| 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 TeamLease
TeamLease has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Gaja Capital and ICICI Venture. 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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Investment firm partnering with entrepreneurs in India's domestic economy.
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Founded Year | Domain | Location | |
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Alternative asset management and investment services in India.
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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 TeamLease
TeamLease has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include ASAP Info System, Avantis India and ECentric Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Schools are searched, compared, and rated via an online platform.
|
2017 | ||||
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Cloud-based statutory compliance solutions are provided for businesses.
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2013 | ||||
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ERP software for universities is offered through an integrated platform.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TeamLease
| 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 |
Teamlease Comparisons
Competitors of TeamLease
TeamLease 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 Able Jobs, NetAmbit, PageGroup, Spectrum Talent Management and Xpheno, 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 |
Online candidate assistance is provided through tools and training platforms.
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| domain | founded_year | HQ Location |
Sales, recruitment, payroll, and learning management services are provided.
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| domain | founded_year | HQ Location |
Recruitment consultancy services are provided to businesses and professionals.
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| domain | founded_year | HQ Location |
Provider of HR consulting services
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| domain | founded_year | HQ Location |
Provider of recruitment and technology consulting services
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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 Teamlease
Frequently Asked Questions about TeamLease
When was TeamLease founded?
TeamLease was founded in 2000 and raised its 1st funding round 2 years after it was founded.
Where is TeamLease located?
TeamLease is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is TeamLease a funded company?
TeamLease is a funded company, having raised a total of $28.39M across 3 funding rounds to date. The company's 1st funding round was a Seed of $510.98K, raised on Apr 01, 2002.
How many employees does TeamLease have?
As of Mar 31, 2024, the latest employee count at TeamLease is 2,470.
What is the annual revenue of TeamLease?
Annual revenue of TeamLease is $1.3B as on Mar 31, 2024.
What does TeamLease do?
TeamLease was founded in 2000 in Bengaluru, India, as a staffing and recruiting firm. A platform is operated to enable employers to search for and connect with candidates across sectors such as IT and telecoms, sales and marketing, manufacturing and engineering, accountancy and finance, and others. Full-time, part-time, internship, and freelancing opportunities are posted through the service, supporting various employment needs in the region.
Who are the top competitors of TeamLease?
What products or services does TeamLease offer?
TeamLease offers Job Portal and Recruitment Services.
Is TeamLease publicly traded?
Yes, TeamLease is publicly traded on NSE under the ticker symbol TEAMLEASE.
How many acquisitions has TeamLease made?
TeamLease has made 10 acquisitions, including ASAP Info System, Avantis India, and ECentric Solutions.
Who are TeamLease's investors?
TeamLease has 2 investors. Key investors include Gaja Capital, and ICICI Venture.
What is TeamLease's ticker symbol?
The ticker symbol of TeamLease is TEAMLEASE on NSE.
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