SalaryBox (Cresce Innovation Private Limited) is a mobile-first SaaS employee management app that simplifies salary calculation and payments for small businesses and aims to drive financial inclusion for blue-collar workers. Founded in 2020 by IIT Roorkee alumni Nikhil Goel and Peeyush Goyal and based in Gurgaon, the platform holds payroll data for more than one million employees and targets growing that figure to 10 million by the end of 2022. The product is focused on making payroll simple and convenient via a mobile-first experience and adding new features for customers. SalaryBox plans to use recent funding to hire across tech, marketing, and operations, build new products and features, and scale its user base over the next year. The company positions itself to formalize informal workforces by enabling easier salary management and payments for small enterprises.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2021