About TeamNest
TeamNest is a company based in Mumbai (India) founded in 2017 by Mahesh Jethani, Saumil Gandhi, Prashant Shah, and Vishrut Srivastava. TeamNest has raised $682.23 thousand across 4 funding rounds from investors including InCred Capital, Absolute Returns Scheme and Rajendra C Mehta. TeamNest operates in a competitive market with competitors including Gusto, ADP, Paycor, Paychex and TriNet, among others.
- Headquarter Mumbai, India
- Founders Mahesh Jethani, Saumil Gandhi, Prashant Shah, Vishrut Srivastava
- 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 Teamnest Employee Services Private Limited
- Date of Incorporation 01 May, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$119.58 K (USD)74.62as on Mar 31, 2023
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Net Profit
$4.59 K (USD)116.86as on Mar 31, 2023
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EBITDA
$4.07 K (USD)116.45as on Mar 31, 2023
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Total Equity Funding
$682.23 K (USD)
in 4 rounds
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Latest Funding Round
$240.24 K (USD), Series A
Oct 30, 2023
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Investors
InCred Capital
& 4 more
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Employee Count
Not available
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Funding Insights of TeamNest
TeamNest has successfully raised a total of $682.23K across 4 strategic funding rounds. The most recent funding activity was a Series A round of $240.24 thousand completed in October 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.
Investors in TeamNest
TeamNest has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include InCred Capital, Absolute Returns Scheme and Rajendra C Mehta.
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Private debt firm
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Application development and digital marketing services are provided by Dreamscape.
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Investor details for TeamNest
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Investments & Acquisitions by TeamNest
Investment portfolio details for TeamNest
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Financial Statements - TeamNest
Detailed financials for TeamNest
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Teamnest Comparisons
Peer comparison for TeamNest
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Competitors of TeamNest
TeamNest 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, ADP, Paycor, Paychex and TriNet, 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 HR management solutions are offered for payroll and compliance.
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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 HRMS platform is offered for small and medium-sized businesses.
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Detailed competitors of TeamNest
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Latest news on Teamnest
Complete news archive for TeamNest
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Frequently Asked Questions about TeamNest
TeamNest was founded in 2017 and raised its 1st funding round 4 years after it was founded.
TeamNest is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mahesh Jethani is the current CEO of TeamNest. They have also founded this company.
TeamNest is a funded company, having raised a total of $682.23K across 4 funding rounds to date.
Annual revenue of TeamNest is $119.58K as on Mar 31, 2023.
TeamNest was founded in 2017 in Mumbai, India, within the HR software sector. Cloud-based human resource management services for small and medium-sized businesses are provided, encompassing time and attendance tracking, leave administration, expense handling, payroll execution, compliance documentation, and workforce data analysis. Self-service access for employees and managers is facilitated, alongside a mobile application for field-based sales teams.
TeamNest has 5 investors. Key investors include InCred Capital, Absolute Returns Scheme, Rajendra C Mehta, Sai Taxhelp, and Dreamscape.
The valuation of TeamNest is $4.8M as of Oct 2023.