PE-VC Fund Investments
Lender to white-collar employees SalarySe nets $11.3 M led by Flourish Ventures, SIG Venture Capital
Gurugram-based fintech startup SalarySe has raised USD 11.3 million in a fresh funding round led by Flourish Ventures and SIG Venture Capital. Existing investors Peak XV Partners and Pravega Ventures also participated in the round.Founded in 2023 by IIT graduates Piyush Bagaria and Saumeet Nanda, along with Mohit Gorisariya, the startup had raised its first cheque as part of Peak XV Partners’ Surge programme. The firm had earlier raised around USD 5.3 million in its first institutional round. Overall, it has raised USD 16.6 million since inception.SalarySe offers advance salaries and credit cards to white-collar employees. The company works with HDFC Bank and RBL Bank to offer credit on the UPI rails. The company will invest the fresh capital in strengthening its technology infrastructure, acquiring more enterprise customers, and building artificial intelligence (AI) tools to improve customer experience.
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