[Funding alert] HR and payroll software solutions startup Greytip raises Rs 34.5 Cr from Infoedge and MegaDelta Capital
Summary
Greytip Software Private Limited (GSPL) which operates a HR automation and payroll product, GreytHR, has raised a Series C funding of Rs 34.5 crore from Info Edge. In a statement, the Bengaluru-based company said it will use the funds for sales and market expansion and for new product innovations. With over 9000 customers and 1 million pay slips being generated on the platform, Greytip claims to be one of the largest players in the SMB HR tech space in India. Apart from this, Info Edge has made investments into startups such as Zomato, PolicyBazaar, Meritnation, Printo, Happily Unmarried, NoPaperForms, Shopkirana, Univariety, Medcords and ShoeKonnect. With over two decades of market presence in this space, greytHR, with this new round of funding will now be able to further cement its leadership in the SMB segment by reaching out to millions of SMBs in India who are keen to adopt such digital products but are currently not served.
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