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Mobile first solution for Payroll, employee & expense management
SalaryBook has raised $130K across 1 funding round.
Key people at SalaryBook.
SalaryBook was founded in 2021 by Poorva Dixit (Founder) and Apoorva Sharma (Founder) and Ankita Sharma (Founder).
SalaryBook has raised $130K in total across 1 funding round.
SalaryBook is an payroll, employee attendance and Expense management app for 60 million Indian SMEs. SMBs see in our app a one stop solution for running their business. Starting from seamless on-boarding of employees to managing their payroll and attendance. Our app includes some cool features like selfie & location based attendance marking. Say goodbye to the traditional punch in attendance systems & replace it with a click of a button on SalaryBook mobile app.
SalaryBook also helps 400M Indian blue-collar employees to create their first ever credit & skills profile online.
SalaryBook was founded in 2021 by Poorva Dixit (Founder) and Apoorva Sharma (Founder) and Ankita Sharma (Founder).
SalaryBook has raised $130K in total across 1 funding round.
SalaryBook's investors include Accel, Bond, Cherry Ventures, Founderful, Lightspeed Venture Partners, Northzone, XAnge, Oskar Hjertonsson.
SalaryBook is a mobile-first SaaS solution designed for payroll, employee attendance, and expense management, primarily targeting the vast market of Indian small and medium-sized enterprises (SMEs). It serves around 60 million SMEs and supports approximately 400 million blue-collar workers by digitizing and simplifying workforce management. The app offers seamless employee onboarding, selfie and location-based attendance marking, automated payroll calculations including overtime and deductions, and expense tracking, all accessible via mobile devices. This comprehensive platform addresses the operational challenges faced by SMEs in managing their workforce efficiently and transparently, enabling better financial and HR management at scale.
For an investment firm, SalaryBook represents a fintech and SaaS startup innovating in the underserved SME payroll and workforce management sector in India, leveraging mobile technology to tap into a large, fragmented market. Its mission aligns with financial inclusion and digital transformation of blue-collar employment. The startup’s growth momentum is driven by the increasing adoption of digital tools among SMEs and the rising need for formalized employee management systems in emerging markets.
Founded in 2021 by Apoorva Sharma, Ankita Sharma, and Poorva Dixit, SalaryBook emerged from the founders’ insight into the challenges faced by Indian SMEs and blue-collar workers in managing payroll and attendance using traditional, manual methods. The idea was to create a simple, mobile-first solution that could replace outdated punch-in systems and paper-based payroll processes with a digital, user-friendly app. Early traction came from the app’s ability to onboard employees quickly and provide features like selfie and GPS-based attendance, which resonated strongly with SMEs looking for easy-to-use, cost-effective workforce management tools. The company participated in Y Combinator’s Summer 2021 batch, which helped accelerate its product development and market reach.
SalaryBook rides the wave of digital transformation in emerging markets, particularly the push toward formalizing and digitizing the informal workforce in India. The timing is critical as Indian SMEs increasingly adopt mobile-first solutions to improve operational efficiency and comply with evolving labor regulations. The platform benefits from market forces such as smartphone penetration, government initiatives promoting digital payments and formal employment, and the growing gig and blue-collar economy. By enabling millions of blue-collar workers to create digital profiles and access financial services, SalaryBook contributes to broader financial inclusion and workforce formalization trends, influencing the startup ecosystem by demonstrating scalable fintech solutions for underserved segments.
Looking ahead, SalaryBook is well-positioned to expand its user base across India’s SME sector and deepen its impact on blue-collar workforce digitization. Future growth will likely be shaped by trends such as increased regulatory compliance requirements, integration with financial services (e.g., credit, insurance), and AI-driven analytics for workforce optimization. The company’s influence could evolve from a payroll and attendance tool to a comprehensive HR and financial wellness platform for blue-collar workers, potentially expanding into other emerging markets with similar workforce dynamics. Continued innovation in mobile-first fintech solutions will be key to maintaining its competitive edge and scaling impact.
Key people at SalaryBook.
SalaryBook has raised $130K across 1 funding round. Most recently, it raised $130K Seed in August 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2021 | $130K Seed | Accel, Bond, Cherry Ventures, Founderful, Lightspeed Venture Partners, Northzone, XAnge, Oskar Hjertonsson |