VC Fund Investments
Employee mgmt app for SMEs SalaryBox raises $4-M from Y-Combinator, others
Gurugram-based fintech startup SalaryBox has raised USD 4 million (about INR 29.7 crore) from Y-Combinator, Jerry Yang's AME Cloud Ventures, Soma Capital and 2AM Ventures. Other key investors in the seed funding round include US-based angel investors Gokul Rajaram (Doordash executive), Sriram Krishnan (former Spotify executive), and Anand Chandrasekaran (ex-Facebook executive). The company will use the funds to grow its team, invest in building new products and features, and further expand its user base. Founded in May 2020, by Nikhil Goel and Peeyush Goyal, SalaryBox is a mobile app-based employee management solution that aims to simplify the staff attendance and payroll processes for small businesses.
From the Venture Intelligence Angel Investments Database: In May-21, SalaryBox had raised funding from Sumit Jain, Amit Ranjan, Alok Mittal, and others.
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