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SalaryBox (YC S21) — Gusto for india

Salarybox is a payroll app for small businesses in India. There are 63 Million small businesses in India and 90% still manage payroll manually.

SalaryBox is a Y Combinator company in the Summer 2021 batch. Its directory entry describes it as: Gusto for India. The founders listed are Nikhil Goel (Founder), Peeyush Goyal (Founder) (Y Combinator directory entry, June 23, 2021).

6 more companies from YC Summer 2021 ↓

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SalaryBox

New accelerator entry · 2021-06-23 · the record

Summer 2021
batch
40
people
Early
stage
India
region
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What the record says

BatchSummer 2021
Announced2021-06-23
StageEarly
StatusActive
Team size40
IndustryB2B
Sub-industryB2B -> Human Resources
SectorsArtificial Intelligence, SaaS, B2B
RegionsIndia, South Asia
BasedGurugram, HR, India
HiringYes
Sitehttps://salarybox.in/
Previously known asSalaryBox (Registered Name- Cresce Innovation Private Limited), SalaryBox, SalaryBox (by Titanmind)

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Also in YC Summer 2021

Same batch, B2B first.

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In their words

Salarybox is a payroll app for small businesses in India. There are 63 Million small businesses in India and 90% still manage payroll manually. Today, business owners manage attendance on pen-paper; calculate salary on excel and pay employees in cash. Using our App, the entire process can be performed with the click of a button. Our app reduces the time taken to process payroll from 5 days to 5 minutes. We use Payroll data to build a credit profile of 300 Million+ blue-collar workers and improve access to financial products.

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Example from a real report (our sample on Target): “Target eliminated approximately 1,800 corporate positions, with around 1,000 employees receiving layoff notices and the remainder accounted for by eliminating open roles.” Source: NBC News

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What the Full Report on SalaryBox covers

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  2. Which Company This Is

  3. What They Do, And How The Money Works

  4. Who Runs It, And How To Reach Them

  5. The Money: Funding, Valuation, Runway

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  7. Warning Bells

  8. Sources

    1 cited source found

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SalaryBox: Accepted into Y Combinator Summer 2021
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Permanent URL: https://mentionfox.com/funding/yc-salarybox
Last updated 2026-10-20
Primary record: Y Combinator directory entry
SalaryBox (YC S21) — Gusto for india. MentionFox, 2026-10-20. https://mentionfox.com/funding/yc-salarybox