# SalaryBox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/salarybox

- Industry: Software
- Headquarters: Gurugram, India
- Website: www.salarybox.in
- Total disclosed funding: $4M
- Latest round: Seed (Nov 17, 2021)
- Investors on record: 4

## About

SalaryBox, based in Gurugram, India, offers an integrated payroll and employee attendance software designed to enhance workforce management for small to medium enterprises.Founded in 2021 by Nikhil Goel and Peeyush Goyal, SalaryBox provides a software solution that simplifies payroll processes and employee attendance tracking. The company raised USD 4.00 mn in SEED funding on November 17, 2021, attracting investments from 2 a.m. Ventures, AME Cloud Ventures, Soma Capital Management, and Y Combinator. It has completed a total of 3 deals, all revolving around its core services.SalaryBox delivers a comprehensive software platform that automates attendance tracking and payroll management, addressing key operational challenges in human resource administration. It serves businesses across India, Southeast Asia, and parts of the Middle East, offering tailored solutions that cater to the needs of diverse clientele, including retail and service sectors.In the most recent fiscal year, SalaryBox reported a revenue of USD 1,310,721.60 and an EBITDA of USD -257,776.20. The company generates revenue through subscription-based models, allowing businesses to utilize its software features to manage workforce efficiently.Following its Seed funding round in November 2021, SalaryBox plans to leverage the raised USD 4.00 mn to expand its team and invest in developing new products and features. The company aims to enhance its user base and is actively pursuing growth in new geographical markets, with plans to target further expansion into Southeast Asia and the Middle East by 2024.

## Funding rounds

- Seed, Nov 17, 2021, $4M — Y Combinator, AME Cloud Ventures, Soma Capital Management, 2am VC

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- 2am VC (https://capitalatlas.ai/funds/2am-vc) — Seed