About Workex
Workex is a company based in Bengaluru (India) founded in 2017 by Tarun Baloch and Anupam Acharya.. 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 as of March 22, 2024. Workex operates in a competitive market with competitors including Workday, Kronos, People Strong, Paylocity and Ceridian, among others.
- Headquarter Bengaluru, India
- Employees 4097 as on 22 Mar, 2024
- Founders Tarun Baloch, Anupam Acharya
- Stage Minicorn
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Workex Solutions And Services Private Limited
- Date of Incorporation 01 Feb, 2017
- Jurisdiction Rewari, Haryana, India
-
Annual Revenue
$18.42 M (USD)40.24as on Mar 31, 2023
-
Net Profit
$-984.58 K (USD)3.64as on Mar 31, 2023
-
EBITDA
$-871.64 K (USD)11.47as on Mar 31, 2023
-
Total Equity Funding
$6.9 M (USD)
in 6 rounds
-
Latest Funding Round
-
Investors
Pravega Ventures
& 18 more
-
Employee Count
4097
as on Mar 22, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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 Total Funding
- Total Rounds 6
- Last Round Last Round
-
First Round
First Round
(27 Jul 2017)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Workex | Valuation | Brittman |
|
| Aug, 2021 | Amount | Series A - Workex | Valuation | Mekin Maheshwari , Abhishek Goyal | |
| Nov, 2020 | Amount | Series A - Workex | Valuation | Michael & Susan Dell Foundation |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Financial services, strategic advisory, and partnerships in investments.
|
Founded Year | Domain | Location | |
|
Offers staffing, payroll processing, and compliance services for businesses.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Workex
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Workex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Workex Comparisons
Competitors of Workex
Workex 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. 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 financial software is delivered to enterprises.
|
|
| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
|
|
| domain | founded_year | HQ Location |
Cloud-based human resource management software is offered.
|
|
| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Cloud-based human capital management software is provided for enterprises.
|
|
| domain | founded_year | HQ Location |
Cloud-based human capital management software is delivered globally.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Workex
Frequently Asked Questions about Workex
When was Workex founded?
Workex was founded in 2017.
Where is Workex located?
Workex is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Workex a funded company?
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 Series A of $957.06K, raised on Jul 27, 2017.
How many employees does Workex have?
As of Mar 22, 2024, the latest employee count at Workex is 4,097.
What is the annual revenue of Workex?
Annual revenue of Workex is $18.42M as on Mar 31, 2023.
What does Workex do?
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.
Who are the top competitors of Workex?
Workex's top competitors include Workday, SuccessFactors and GreytHR.
Who are Workex's investors?
Workex has 19 investors. Key investors include Pravega Ventures, Michael & Susan Dell Foundation, Brittman, Mekin Maheshwari, and Abhishek Goyal.
What is Workex's valuation?
The valuation of Workex is $35.91M as of Aug 2021.