About Workex
Workex is a Technology company based in Bengaluru (India) founded in 2017 by Tarun Baloch and Anupam Acharya. Platform for recruitment, staff management, and payroll automation. Workex has raised $6.9 million across 6 funding rounds from investors including Pravega Ventures, Michael & Susan Dell Foundation and Brittman. The company has 4,097 employees. Workex was last valued at $35.91 million in August 2021. Its Indian entity Workex Solutions And Services Private Limited reported revenue of ₹139 Cr. Its focus areas include Enterprise Applications, HRTech, HRMS and Suite. Its competitors include People Strong, Darwinbox and GreytHR; 3 of its 3 listed competitors have raised funding.
Company details
Workex was founded in 2017 in Bengaluru, India, within the HR technology sector. The platform is utilized for recruitment from a broad candidate pool, staff management across industries, and payroll automation. Hiring processes are streamlined, while tools for real-time attendance tracking, leave handling, overtime calculation, and bonus distribution are integrated. Compliance requirements are addressed, and administrative tasks are reduced for businesses operating in various sectors.
- Headquarters Bengaluru, India
- Employees 4,097
- Founders Tarun Baloch, Anupam Acharya
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website workex.jobs
- Social LinkedIn X Facebook
- Legal Name Workex Solutions And Services Private Limited
- Date of Incorporation 01 Feb, 2017
- Jurisdiction Rewari, Haryana, India
- Annual Revenue₹139 Cr
FY 2024 · -10% YoY
- Net Profit₹1.11 Cr
FY 2024 · 1% margin
- EBITDA₹1.91 Cr
FY 2024 · 1% margin
- Total Equity Funding$6.9M (USD)
in 6 rounds
- InvestorsPravega Ventures
& 18 more
- Employee Count4,097
Associated legal entities of Workex
Workex is associated with 2 registered companies on The Company Check; the primary company is Workex Solutions And Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Workex Solutions And Services Private Limited CIN U74999GJ2017PTC172443 | Active | 01 Feb 2017 | Gandhinagar, Gujarat | ₹139 Cr | 4,097 | 5 | View details |
| Workex Solutions And Services Private Limited CIN U74999HR2017PTC067282 | 01 Feb 2017 | Rewari, Haryana, India | View details |
Funding Insights of Workex
Workex has successfully raised a total of $6.9M across 6 strategic funding rounds. 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 $6.9M
- Total Rounds 6
- First Round $512,108
(Jul 2017)
- Investors Count 19
All 6 funding rounds of Workex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | Series A | – | Brittman | – | |
| Aug 2021 | $345,389 | Series A | $35.91M | Mekin Maheshwari, Abhishek Goyal | |
| Nov 2020 | $957,056 | Series A | $24.84M | Michael & Susan Dell Foundation | – |
| Jul 2019 | $1.02M | Series A | – | Michael & Susan Dell Foundation | – |
| Feb 2019 | $4.07M | Series A | $••••• | Joe Hirao | |
| Jul 2017 | $512,108 | Seed | $••••• | Pravega Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $35.91M | •••••••• |
| Nov 2020 | $24.84M | •••••••• |
| Feb 2019 | $••••• | •••••••• |
| Jul 2017 | $••••• | •••••••• |
Full valuation and stage history of Workex
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $35.91M (Aug 2021). 19 investors in total: 6 institutional and 13 angel.
Investors in Workex
Workex has secured backing from 19 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Pravega Ventures, Michael & Susan Dell Foundation and Brittman.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services, strategic advisory, and partnerships in investments. | pravegavc.com | Bengaluru, India | ||
Offers staffing, payroll processing, and compliance services for businesses. | 2012 | brittman.com | Ahmedabad, India | |
A foundation focused on transforming lives through education and health. | 1999 | dell.org | Austin, United States | |
Education and poverty initiatives are funded by the foundation. | msdf.org | Austin, United States | ||
MM Mekin Maheshwari | Ex-CTO Flipkart, angel investor, founder of Udhyam Learning Foundation | unknown_2c51a087878e45deb | ||
AG Abhishek Goyal | Founder of Tracxn, active angel investor in Indian startups | unknown_d4d2a3cf5d7a4dd6b | ||
KS Kalpathi S Sridhar | unknown_7e05cff4a3104c219 | |||
PA Paul Abraham | Angel investor and advisor, ex-COO of IndusInd Bank, fintech focus | unknown_e60e25a1a1624f9fa | ||
RS Romesh Sobti | unknown_024f85fab9934ae2b |
Investor details for Workex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Workex Solutions And Services Private Limited (Workex)
Workex Solutions And Services Private Limited is the primary company behind Workex. The board of Workex Solutions And Services Private Limited currently have 5 directors; the longest-serving is Nimish Sharma, appointed in 2017. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nimish Sharma DIN 00821709 | Director | 01 Feb 2017 | 9 yrs 9 mo | Workex Solutions And Services Private Limited |
| Tarun Baloch DIN 08403799 | Director | 03 Sep 2022 | 4 yrs 1 mo | Workex Solutions And Services Private Limited |
| Swapnil Roy DIN 10383475 | Nominee Director | 07 Nov 2023 | 2 yrs 11 mo | Workex Solutions And Services Private Limited |
| Niren Suresh Panchal DIN 05296418 | Director | 07 Nov 2023 | 2 yrs 11 mo | Workex Solutions And Services Private Limited |
| Hemendrasinh Dilipsinh Solanki DIN 06467793 | Director | 27 Mar 2024 | 2 yrs 7 mo | Workex Solutions And Services Private Limited |
People of Workex
2 people are tracked at Workex (2 in leadership); the tracked headcount is 4,097.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Anupam Acharya | Co-Founder | Leadership |
Complete people profiles for Workex
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Financials of Workex
Figures of Workex Solutions And Services Private Limited, the primary company behind Workex, for FY 2024. Revenue was ₹139 Cr (-10% year on year). Net profit was ₹1.11 Cr (1% margin). EBITDA was ₹1.91 Cr (1% margin). Revenue has grown at a compounded annual rate of +77% over three years and +171% over five years.
- ₹139 CrRevenue · FY 2024 · -10% YoY
- ₹1.11 CrNet profit · 1% margin
- ₹1.91 CrEBITDA · 1% margin
- ₹1.5 LakhPaid-up capital
- 4,097Employees (provident fund records)
- +77%Revenue CAGR, 3 years
- +171%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Workex Solutions And Services Private Limited are on its company page.
Detailed financial statements for Workex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Workex
4 dated milestones of Workex across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Workex is founded.
- Funding First funding round of $512K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A,.
Competitors of Workex
Workex has 3 listed competitors in our database, 3 of them funded. They include People Strong, Darwinbox and GreytHR.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| peoplestrong.com | 2005 | Gurugram, India | $30.68M | 998 | Cloud-based human resource management software is offered. | |
| darwinbox.com | 2015 | Hyderabad, India | $143.97M | 1,022 | Human capital management platform is provided for HR process automation. | |
| greythr.com | 1994 | Bengaluru, India | $46.87M | 767 | Cloud-based HRMS and payroll software solutions are provided. |
Detailed competitors of Workex
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Web traffic of Workex
The website of Workex (workex.jobs) receives about 3.2K visits a month.
- Monthly visits3.2K
▲ 58.8% vs previous month
Websites whose visitors overlap most with Workex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| yuvajobs.com | 100% | 3.1K | #5,260,083 | View details | |
| recruitment.guru | 91% | 19.5K | #1,316,198 | View details | |
careers.dazn.com | careers.dazn.com | 84% | #140,375 | – | |
| 20govt.com | 81% | #342,556 | View details | ||
| vihu.com | 78% | #739,097 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Workex
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Related news about Workex
Complete news archive for Workex
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Frequently Asked Questions about Workex
Workex was founded in 2017.
Workex is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Workex is a funded company, having raised a total of $6.9M across 6 funding rounds to date. The company's 1st funding round was a Seed of $512.11K, raised on Jul 2017.
Workex has 4,097 employees.
The primary company behind Workex, Workex Solutions And Services Private Limited, reported revenue of ₹139 Cr for FY 2024, down 10% year on year.
Workex was founded in 2017 in Bengaluru, India, within the HR technology sector. The platform is utilized for recruitment from a broad candidate pool, staff management across industries, and payroll automation. Hiring processes are streamlined, while tools for real-time attendance tracking, leave handling, overtime calculation, and bonus distribution are integrated. Compliance requirements are addressed, and administrative tasks are reduced for businesses operating in various sectors.
Workex's top competitors include GreytHR, People Strong and Darwinbox.
Workex has 19 investors. Key investors include Pravega Ventures, Michael & Susan Dell Foundation, Brittman, Mekin Maheshwari, and Abhishek Goyal.
The valuation of Workex is $35.91M as of Aug 2021.
Workex operates through Workex Solutions And Services Private Limited.
The legal entities of Workex currently have 5 directors, including Swapnil Roy, Niren Suresh Panchal, Tarun Baloch and others.