# Gyankaar Technologies Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gyankaar-technologies-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.pagarbook.com
- Total disclosed funding: $24M
- Latest round: Series A (Dec 17, 2020)
- Investors on record: 5

## About

Based in India, Gyankaar Technologies Pvt Ltd develops advanced attendance and payroll management solutions, primarily targeting small and medium-sized enterprises (SMEs) to enhance employee management efficiency.Gyankaar Technologies Pvt Ltd specializes in providing payroll and attendance management solutions. Founded in 2018 in Bangalore, India, by Adarsh Kumar, Arya Gautam, and Rupesh Mishra, the company has closed a total of 5 deals, with its most recent funding round occurring on February 26, 2021. In this Series A round, the company raised INR 319.89 million from Vistra ITCL and other investors. The total amount raised by the company is also INR 319.89 million, with a current valuation of INR 7726.453 million.PagarBook's primary offerings focus on staff attendance and payroll management solutions tailored for small and medium-sized enterprises (SMEs) across India. The software provides robust features such as biometric attendance tracking through facial recognition, selfies, and GPS location, allowing employees to mark attendance via their Android devices. Additionally, it streamlines payroll processes, handling salary calculations, advances, deductions, and generating payslips efficiently. The platform is designed to meet the unique operational needs of various sectors, enabling businesses to manage their workforce effectively. Its client base includes SMEs from diverse industries, leveraging PagarBook’s services to enhance operational efficiency across over 650 districts in India.PagarBook generated revenue of INR 2,393,389 in 2023. The company follows a subscription-based revenue model targeting SMEs for its attendance and payroll management services, with clients subscribing to various service tiers that may include premium features. Revenue is generated through monthly or annual fees for the platform’s functionalities, allowing businesses to manage employee attendance and salaries seamlessly. Given the significant demand for streamlined staff management solutions, PagarBook's services are integral for clients who seek to optimize their HR operations and reduce administrative burdens associated with payroll and attendance tracking.Following the Series A funding round on February 26, 2021, in which Gyankaar Technologies Pvt Ltd raised INR 319.89 million, the company aims to expand its product offerings and explore new markets. The recent investment will support the development of enhanced features, including advanced biometric attendance capabilities. The company is also planning to expand its reach into additional regions within India and potentially into international markets, leveraging its technological capabilities to accommodate a growing client base.

## Funding rounds

- Series A, Dec 17, 2020, $15M — Hong Shan, India Quotient
- Series A, Oct 3, 2020, $6.9M — Hong Shan, Surge, IQ Alpha
- Seed, Jun 10, 2020, $2M — Surge, QED Innovation Labs

## Investors

- Surge (https://capitalatlas.ai/funds/surge) — Seed, Series A
- QED Innovation Labs — Seed
- Hong Shan — Series A
- IQ Alpha — Series A
- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Series A