SalaryBox
New accelerator entry · 2021-06-23 · the record
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).
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New accelerator entry · 2021-06-23 · the record
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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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