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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
25
AI Score
Grade D↑ Trending
AI Visibility Score (Beta)
HR & People TechHR SoftwareWebsiteUpdated March 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
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Recent Activity

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Employee Background Verification Checklist for Indian Startups & SMBs [2026]

Most Indian startups skip background verification entirely until something goes wrong — a fake degree surfaces three months into employment, a hire’s identity documents don’t match payroll records, or a reference check that was never conducted would have revealed a pattern of misconduct. By then, the cost of a bad hire has already compounded through […] The post Employee Background Verification Checklist for Indian Startups & SMBs [2026] appeared first on SalaryBox .

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How Much Does Background Verification Cost in India? Complete Pricing Guide [2026]

Background verification costs in India typically range from ₹500 to ₹8,000+ per candidate in 2026. The exact amount depends on which checks you run, how many candidates you screen, which provider you use, and how quickly you need results. This guide breaks down real-world pricing across different check types, company sizes, and providers — so […] The post How Much Does Background Verification Cost in India? Complete Pricing Guide [2026] appeared first on SalaryBox .

6-K
6-K — REPORT OF FOREIGN PRIVATE ISSUER

Foreign Filing filed 2026-08-13

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How to Choose a Background Verification Company in India: The 2026 Buyer’s Checklist Every HR Manager Needs

You have decided that your company needs background verification. Maybe a bad hire cost you money. Maybe a client contract requires it. Maybe the DPDP Act 2023 made you realize that unverified employees handling personal data is a compliance risk you cannot afford. Now comes the hard part: choosing which verification company to use. A […] The post How to Choose a Background Verification Company in India: The 2026 Buyer’s Checklist Every HR Manager Needs appeared first on SalaryBox .

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Background Verification Cost in India 2026: Complete Pricing Breakdown for Every Business Size

Background verification in India in 2026 costs between Rs 50 for a single digital identity check and Rs 10,000 or more for a comprehensive executive screening package. The actual price you pay depends on which checks you need, whether you use a digital platform or a traditional agency, and whether you are locked into an […] The post Background Verification Cost in India 2026: Complete Pricing Breakdown for Every Business Size appeared first on SalaryBox .

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Digital vs Traditional Background Verification in India: Why Companies Are Switching to Instant API Based Checks

In the early 2000s, verifying a single employee in India took an average of 15 to 21 days. A company would send the candidate’s documents to a verification agency. The agency would dispatch a field agent to the candidate’s home address for physical verification. Another team would call previous employers to confirm employment dates. Someone […] The post Digital vs Traditional Background Verification in India: Why Companies Are Switching to Instant API Based Checks appeared first on SalaryBox .

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Background Verification for IT and BPO Companies in India: How to Stop Data Breaches, Moonlighting, and Credential Fraud Before They Start

A software developer at a Bangalore IT company copies source code to a personal cloud drive on his last day. He joins a competitor the following Monday and uses that code to accelerate their product roadmap. The original company discovers the theft six months later when they see suspiciously similar features in a competitor’s release. […] The post Background Verification for IT and BPO Companies in India: How to Stop Data Breaches, Moonlighting, and Credential Fraud Before They Start appeared first on SalaryBox .

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Background Verification for the Healthcare and Pharma Industry in India: How Fake Degrees and Unverified Staff Put Patients at Risk

In December 2025, Kerala Police dismantled a pan India racket that had supplied counterfeit academic credentials to an estimated one million people across the country. Raids across Kerala, Tamil Nadu, and Karnataka seized over 100,000 fake certificates tied to 22 universities. Among the seized documents were medical degrees, nursing diplomas, and pharmacy certifications. Each fake […] The post Background Verification for the Healthcare and Pharma Industry in India: How Fake Degrees and Unverified Staff Put Patients at Risk appeared first on SalaryBox .

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How to Build a Background Verification Policy for Your Company: A Step by Step Guide for Indian Businesses

Your company runs background checks. Sometimes. On some employees. When someone remembers to do it. The hiring manager in Delhi checks PAN cards. The branch in Bangalore skips it because they are in a hurry. The Mumbai office used a vendor last year but switched to doing it in house when the contract ended. Nobody […] The post How to Build a Background Verification Policy for Your Company: A Step by Step Guide for Indian Businesses appeared first on SalaryBox .

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Background Verification for Franchise Businesses in India: How to Protect Your Brand Across Every Outlet

A customer walks into a branded restaurant in Pune and orders a meal. The food arrives late, is poorly prepared, and the staff is rude. The customer leaves a one star review on Google naming the brand, not the franchise owner. A potential customer in Jaipur reads that review and decides to eat somewhere else. […] The post Background Verification for Franchise Businesses in India: How to Protect Your Brand Across Every Outlet appeared first on SalaryBox .

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Background Verification for the Real Estate Industry in India: Why Every Property Business Must Screen Agents, Brokers, and Staff

A property dealer in South Delhi collects Rs 2 crore as an advance from a buyer. He shows forged ownership documents for a plot that belongs to someone else. By the time the buyer discovers the fraud, the dealer has vanished. His office is empty. His phone number is disconnected. The company that hired him […] The post Background Verification for the Real Estate Industry in India: Why Every Property Business Must Screen Agents, Brokers, and Staff appeared first on SalaryBox .

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Background Verification for Logistics and Warehousing in India: How to Stop Shrinkage Before It Starts

Somewhere in a fulfillment centre outside Bhiwandi right now, a contract worker is scanning packages, loading pallets, and moving inventory worth crores through a facility the size of multiple football fields. This worker was hired 48 hours ago during a peak season surge. The labour contractor said he was reliable. His Aadhaar photocopy is in […] The post Background Verification for Logistics and Warehousing in India: How to Stop Shrinkage Before It Starts appeared first on SalaryBox .

Key Differentiators

Emerging Innovator

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

Frequently Asked Questions

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25
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