# Greytip Software Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/greytip-software-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.greythr.com
- Total disclosed funding: $20M
- Latest round: Series F (Aug 5, 2024)
- Investors on record: 5

## About

Greytip Software Pvt. Ltd. specializes in delivering cloud-based Human Resource Management Systems (HRMS) and payroll solutions that optimize workforce management for businesses, particularly in India.Founded in 1994 and headquartered in Bangalore, India, Greytip Software Pvt. Ltd. provides cloud-based HR solutions. The company has undergone strategic developments, including the latest funding round of EUR 2.5 million in Series F from Apax Partners on August 5, 2024. The firm has raised a total of EUR 518 million through 7 investment rounds. Sayeed Anjum is the founder, while Girish Rowjee serves as the CEO.GreytHR offers a comprehensive suite of cloud-based Human Resource Management System (HRMS) and payroll software designed to streamline people operations for businesses in India. The core offerings include modules for employee information management, payroll processing, leave and attendance management, onboarding, offboarding, and compliance with statutory regulations. These products enable HR teams to efficiently manage employee data, attendance records, and payroll tasks, thereby eliminating the need for manual spreadsheets. The platform is tailored for small to medium-sized enterprises (SMEs) and is designed to enhance both administrative efficiency and employee engagement. Key customer segments include HR teams, payroll administrators, and employees across various industries throughout India, with aspirations to extend their presence in emerging markets across Southeast Asia.In its most recent financial year, 2023, Greytip Software Pvt. Ltd. reported a revenue of EUR 8,888,880 and an EBITDA of EUR -3,314,328. The company generates revenue primarily through subscription-based pricing models for its HRMS and payroll software services, allowing clients to streamline their HR functions while securing stable, recurring revenue.Following the EUR 2.5 million raised in Series F funding from Apax Partners in August 2024, Greytip Software Pvt. Ltd. plans to utilize the funds to capitalize on growth opportunities within the cloud-based HR software market. The company aims to expand its product offerings and enter new geographic markets, specifically targeting Southeast Asia, to leverage its technological capabilities and cater to a broader customer base.

## Funding rounds

- Series F, Aug 5, 2024, $2.7M — Apax Partners
- Series D, Nov 23, 2021, $6.9M — Info Edge (India) Limited, MegaDelta Capital
- Series C, Oct 4, 2019, $4.2M — Info Edge (India) Limited, MegaDelta Capital
- Series B, Jan 21, 2019, $0.7M — New Enterprise Associates
- Series B, Apr 20, 2016, $5.3M — New Enterprise Associates, Blume Ventures

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Series B
- Info Edge (India) Limited — Series C, Series D
- MegaDelta Capital (https://capitalatlas.ai/funds/megadelta-capital) — Series C, Series D
- Apax Partners (https://capitalatlas.ai/funds/apax-partners) — Series F