# SalaryBox

**Source:** https://geo.sig.ai/brands/salarybox  
**Vertical:** HR Tech  
**Subcategory:** HR Software  
**Tier:** Emerging  
**Website:** salarybox.in  
**Last Updated:** 2026-04-14

## Summary

"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.

## Company Overview

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.

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.

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.

## Frequently Asked Questions

### What is SalaryBox?
SalaryBox is a Gurugram-based HR and payroll platform founded in 2021 that positions itself as 'Gusto for India'. The Y Combinator-backed company provides payroll automation, attendance tracking, and compliance management specifically designed for small businesses in India.

### What products and services does SalaryBox offer?
SalaryBox offers payroll automation, attendance tracking and management, tax compliance, salary disbursement, statutory reporting, and HR workflows. The platform provides mobile-first payroll processing and automated compliance solutions tailored to Indian labor regulations.

### Who is SalaryBox designed for?
SalaryBox is designed for small and medium businesses (SMBs) across India. The platform specifically serves Indian SMBs seeking affordable, mobile-first payroll solutions that can handle complex Indian labor regulations and compliance requirements.

### When was SalaryBox founded and by whom?
SalaryBox was founded in 2021 by Nikhil Goel and Peeyush Goyal.

### Where is SalaryBox located?
SalaryBox is based in Gurugram, India.

### How much funding has SalaryBox raised?
SalaryBox raised $4.12M in total funding in November 2021 from Y Combinator, GSF, and AME Cloud Ventures.

### What are SalaryBox's key metrics and achievements?
SalaryBox achieved $8.5M in revenue in 2024 and operates with 80 employees. The company is backed by Y Combinator and serves small and medium businesses across India.

### What is SalaryBox's technology approach?
SalaryBox uses a mobile-first platform approach to deliver payroll and HR solutions. The platform is specifically designed to handle complex Indian labor regulations and compliance requirements through automated systems.

### Is SalaryBox part of Y Combinator?
Yes, SalaryBox is a Y Combinator-backed company and part of the YC portfolio. Y Combinator was one of the investors in their November 2021 funding round.

### What recent developments has SalaryBox announced?
SalaryBox raised $4.12M in total funding in November 2021 from Y Combinator, GSF, and AME Cloud Ventures. The company achieved $8.5M in revenue in 2024 while operating with 80 employees and maintaining its focus on small businesses in India.

## Tags

b2b, saas, hr-tech, asia-pacific, mobile-first

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*