Zimyo is a Gurugram-based SaaS provider of human resource management software founded in 2018. Its platform enables recruitment and onboarding, payroll management, performance management, and time and attendance management. The company’s stated vision is to empower organisations to deliver a strong employee experience and build a differentiating human capital advantage. In March 2022 Zimyo raised around Rs 17 crore from B2B marketplace IndiaMART Intermesh Ltd. The company says the investment is a step toward its long-term plan to provide a holistic ecosystem for business needs. Financial terms and the exact financing instrument or round type were not disclosed in the article. Zimyo provides a B2B SaaS HR and payroll platform for small and medium-sized businesses, combining core HR tools with a financial marketplace. Its marketplace runs on a proprietary payroll-led credit engine that helps SMB employers offer financial benefits to employees. The company says its core HR software and payroll platform has seen adoption mainly through word of mouth and client referrals, and its financial benefits products are showing early traction. Zimyo plans to use newly raised seed funding to strengthen its team and further build its technology to expand the business. The startup aspires to bring its SaaS platform and financial solutions to over 200 million SMB employees. Sayali Karanjkar will join the board as an advisor on building FinTech product and global expansion.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2022