How Much Did Kredily Raise? Funding & Key Investors

Kredily has raised funding over six rounds, with the latest being a Venture - Series Unknown round. The company is backed by 18 investors, including HEM ANGELS and Soonicorn Ventures.

Keep reading to explore the intricacies of Kredily's fundraising journey and the investors backing this innovative platform.

What Is Kredily?

Kredily is a private company based in Bengaluru, Karnataka, India, specializing in HR and payroll software. The platform is designed to streamline human resources and payroll processes for businesses of all sizes.

With an employee count ranging from 11 to 50, Kredily offers a variety of features, including attendance tracking, benefits administration, and tax calculations. The software is trusted by over 25,000 companies and 1,000,000 employees, emphasizing its reliability and efficiency.

How Much Funding Has Kredily Raised?

1. Series Unknown
   • Amount Raised: INR 891,378
   • Date: March 2023
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the growth and development of Kredily's payroll and HR software solutions.
2. Seed
   • Amount Raised: USD 17,787
   • Date: July 2022
   • Lead Investors: Peaceful Progress
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance product features.
3. Seed
   • Amount Raised: USD 1,100,000
   • Date: December 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and improve technology infrastructure.
4. Seed
   • Amount Raised: USD 100,000
   • Date: November 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product development and market entry.
5. Seed
   • Amount Raised: Not publicly disclosed
   • Date: October 2020
   • Lead Investors: Artha Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance service offerings and expand the customer base.
6. Seed
   • Amount Raised: USD 750,000
   • Date: June 2019
   • Lead Investors: Fosun RZ Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support initial product launch and market penetration.

Total Amount Raised: USD 1,967,787

Current Valuation: Not publicly disclosed

Key Investors

• HEM ANGELS
  • Details: HEM ANGELS is an investment group that focuses on early-stage startups. They provide both financial support and strategic guidance to help companies grow.
  • Investment Focus Areas: Technology, Healthcare, Consumer Goods
  • Notable Investments: Not publicly disclosed
• Soonicorn Ventures
  • Details: Soonicorn Ventures is a venture capital firm that invests in high-potential startups. They aim to identify and support companies that are on the verge of becoming unicorns.
  • Investment Focus Areas: Fintech, SaaS, E-commerce
  • Notable Investments: Not publicly disclosed
• Peaceful Progress
  • Details: Peaceful Progress is an investment firm known for its focus on sustainable and socially responsible ventures. They aim to create positive social impact through their investments.
  • Investment Focus Areas: Renewable Energy, Education, Healthcare
  • Notable Investments: Not publicly disclosed
• Artha Group
  • Details: Artha Group is a diversified investment firm with interests in various sectors. They provide capital and strategic support to help businesses scale.
  • Investment Focus Areas: Real Estate, Technology, Financial Services
  • Notable Investments: Not publicly disclosed
• Fosun RZ Capital
  • Details: Fosun RZ Capital is a global venture capital firm that invests in innovative companies. They focus on sectors with high growth potential and disruptive technologies.
  • Investment Focus Areas: Healthcare, Fintech, Consumer Goods
  • Notable Investments: Not publicly disclosed

What's Next for Kredily?

As Kredily looks to the future, the opportunities in the HR and payroll software market are vast. With the rise of AI and digital transformation, the company is well-positioned to leverage these trends to enhance its offerings and expand its market reach. The potential for growth in sectors like AI and digital payments is significant, providing Kredily with ample room to innovate and capture new market segments.

Future fundraising opportunities appear promising, especially with platforms like Pitch Arena 2026 that connect startups with top investors. This could enable Kredily to secure additional funding to support its growth initiatives and technological advancements. However, the company may face challenges such as staying competitive in a rapidly evolving market and navigating regulatory changes. By addressing these challenges head-on, Kredily can continue to thrive and potentially attract more investment and acquisition interest.

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