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SalaryBox

Emerging

"Gusto for India" mobile-first payroll and HR platform with $8.5M revenue in 2024; $4.12M from YC competing with greytHR and Keka for Indian SMB compliance-heavy payroll automation.

Best for: HR SoftwareEmerging, rapid growth
42
AI Score
Grade C
AI Visibility Score (Beta)
HR & People TechHR SoftwareWebsiteUpdated October 2026

Brand Intelligence Graph

Company Overview

About SalaryBox

SalaryBox is a Gurugram-based mobile-first HR and payroll platform for Indian SMBs — providing payroll processing, attendance tracking, leave management, statutory compliance (PF, ESI, TDS, professional tax), and employee self-service in a platform that navigates India's complex labor law requirements at a price point accessible to businesses with 10-500 employees. Described as "Gusto for India," SalaryBox raised $4.12 million from Y Combinator, GSF, and AME Cloud Ventures, achieved $8.5 million in revenue in 2024, and operates in a market where the majority of Indian SMBs still process payroll through Excel spreadsheets and chartered accountants.

Business Model & Competitive Advantage

SalaryBox's mobile-first approach addresses the Indian SMB reality: business owners and HR managers often work primarily from smartphones, not computers, and a mobile app that handles payroll and attendance from a phone is dramatically more practical than desktop HR software. The platform handles the critical India-specific compliance: mandatory Provident Fund (PF) contributions and filings, Employee State Insurance (ESI), TDS withholding and challan generation, Form 16 (annual salary certificate), and professional tax across different Indian states that each have their own rates and schedules.

Competitive Landscape 2025–2026

In 2025, SalaryBox competes in the Indian HR and payroll technology market with RazorpayX Payroll (Razorpay's payroll product), greytHR, Keka, Zoho Payroll, and Spine Technologies for Indian SMB HR and payroll software. The Indian SMB payroll market is enormous — 60 million+ SMBs employ the majority of India's workforce, and digital payroll adoption is still early-stage. The GST implementation (2017) and broader government digitization push have created compliance pressure that incentivizes SMBs to adopt formal payroll systems. The 2025 strategy focuses on deepening the compliance automation (particularly for the quarterly and annual statutory filings), growing through accountant/CA partnerships (who recommend tools to their SMB clients), and adding the employee loan and salary advance features that increase platform stickiness.

Revenue
$8.5M
Curated content • Fact-checked and verified

Recent Activity

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Background Verification for Passenger Transport, Cab Services, and Ride-Hailing Companies in India

Background verification for passenger transport, cab services, and ride-hailing companies in India means verifying the identity and driving credentials of every driver who carries passengers by checking their PAN and Voter ID numbers against the Income Tax Department and Election Commission databases, and their Driving Licence against the VAHAN/SARATHI database, through platforms like Compose1 Verify, […] The post Background Verification for Passenger Transport, Cab Services, and Ride-Hailing Companies in India appeared first on SalaryBox .

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Background Verification for Cleaning and Facility Management Companies in India

Background verification for cleaning and facility management companies in India means verifying the identity of every janitor, housekeeper, deep cleaning technician, pest control operator, maintenance worker, and support staff member who enters client premises by checking their PAN and Voter ID numbers against government databases through platforms like Compose1 Verify, a process that takes under […] The post Background Verification for Cleaning and Facility Management Companies in India appeared first on SalaryBox .

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Background Verification for Event Management Companies and the Wedding Industry in India

Background verification for event management companies and the wedding industry in India means verifying the identity of every temporary crew member, vendor staff, caterer, decorator, DJ, photographer, driver, and support worker who enters the event venue by checking their PAN and Voter ID numbers against government databases through platforms like Compose1 Verify, a process that […] The post Background Verification for Event Management Companies and the Wedding Industry in India appeared first on SalaryBox .

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Background Verification for NGOs, Non-Profits, and Charitable Organizations in India

Background verification for NGOs, non-profits, and charitable organizations in India means verifying the identity of every employee, volunteer, and fieldworker who handles donor funds, works with vulnerable populations (children, women, elderly, disabled individuals), or represents the organization in the field by checking their PAN and Voter ID numbers against government databases through platforms like Compose1 […] The post Background Verification for NGOs, Non-Profits, and Charitable Organizations in India appeared first on SalaryBox .

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Cheapest Way to Accept International Card Payments as an Indian SaaS Business in 2026: A Guide for Billing USA, UK, and Global Customers

A SaaS founder in Pune was billing $8,000 MRR from US and UK clients. His international payment gateway dashboard showed a transaction fee of 4.4%. What it did not show was the 3.5% foreign exchange conversion markup applied before a single dollar reached his account. The real cost was closer to 8% per dollar billed. […] The post Cheapest Way to Accept International Card Payments as an Indian SaaS Business in 2026: A Guide for Billing USA, UK, and Global Customers appeared first on SalaryBox .

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Background Verification for Security Guard Companies and Agencies in India: PSARA Compliance Guide

Background verification for security guards in India is both a regulatory requirement under the Private Security Agencies Regulation Act (PSARA) 2005 and a fundamental business necessity because security guards are hired specifically to protect people, property, and assets, a mandate that is meaningless if the guard’s own identity has not been verified against government databases […] The post Background Verification for Security Guard Companies and Agencies in India: PSARA Compliance Guide appeared first on SalaryBox .

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How to Verify Domestic Help, Nannies, and Home Staff in India: A Family’s Complete Guide

Verifying domestic help, nannies, and home staff in India means checking their PAN and Voter ID numbers against government databases to confirm they are who they claim to be, a process that takes under 15 minutes through digital platforms like Compose1 Verify and costs less than what you pay your helper for a single day’s […] The post How to Verify Domestic Help, Nannies, and Home Staff in India: A Family’s Complete Guide appeared first on SalaryBox .

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Background Verification for Real Estate and Construction Companies in India: RERA Compliance and Site Safety [2026]

Background verification for real estate and construction companies in India is a regulatory, safety, and liability necessity because the Real Estate (Regulation and Development) Act 2016 (RERA) holds developers accountable for project delivery and professional standards, the Building and Other Construction Workers Act 1996 mandates worker safety protections, and site environments with heavy machinery, heights, […] The post Background Verification for Real Estate and Construction Companies in India: RERA Compliance and Site Safety [2026] appeared first on SalaryBox .

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Background Verification for Schools, Colleges, and EdTech Companies in India: Protecting Students [2026]

Background verification in the education sector in India is fundamentally a child and student safety measure because teachers, tutors, administrative staff, and support workers in schools, colleges, coaching centres, and edtech companies have direct, often unsupervised access to minors and young adults, making identity verification through PAN, Voter ID, and employment history checks through UAN […] The post Background Verification for Schools, Colleges, and EdTech Companies in India: Protecting Students [2026] appeared first on SalaryBox .

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Background Verification for BFSI Sector in India: Banks, NBFCs, and Insurance Companies [2026]

Background verification in the BFSI sector in India is not optional. It is a regulatory requirement. The Reserve Bank of India (RBI) mandates employee verification for banks and NBFCs, the Insurance Regulatory and Development Authority of India (IRDAI) requires it for insurance companies, and SEBI regulations cover securities market intermediaries. Non-compliance results in regulatory penalties, […] The post Background Verification for BFSI Sector in India: Banks, NBFCs, and Insurance Companies [2026] appeared first on SalaryBox .

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Background Verification for Healthcare Workers and Hospital Staff in India: Complete Guide [2026]

Background verification for healthcare workers in India is a patient safety imperative because unverified staff in hospitals, clinics, and diagnostic centres have direct access to vulnerable patients, controlled medications, sensitive health records, and life-critical medical equipment. PAN and Voter ID verification confirms identity in minutes through government databases. UAN verification catches fabricated experience claims. DL […] The post Background Verification for Healthcare Workers and Hospital Staff in India: Complete Guide [2026] appeared first on SalaryBox .

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Hiring From Tier 2 and Tier 3 Cities in India? Background Verification Is No Longer Optional

Something significant is happening in Indian hiring that most founders and HR leaders have not fully processed yet. The talent map has shifted. Companies that once hired exclusively from Bangalore, Mumbai, Delhi, and Hyderabad are now actively recruiting from Jaipur, Indore, Lucknow, Coimbatore, Bhubaneswar, and dozens of other cities that were barely on the hiring […] The post Hiring From Tier 2 and Tier 3 Cities in India? Background Verification Is No Longer Optional appeared first on SalaryBox .

Key Differentiators

Emerging Innovator

SalaryBox is an emerging player bringing innovative solutions to the HR Tech market.

Frequently Asked Questions

Estimated Visibility Trend (Beta)

Simulated 8-week rolling score

42
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