SalarySe secures Series A funding led by Flourish Ventures
30 Oct 2025, 10:44 AMThe funding round also saw participation from Susquehanna Asia VC (SIG) and existing investors Peak XV Partners' Surge and Pravega Ventures.
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SalarySe has raised $11.3 million in its Series A funding round led by Flourish Ventures.
The funding round also saw participation from Susquehanna Asia VC (SIG) and existing investors Peak XV Partners' Surge and Pravega Ventures.
Flourish Ventures infused about $5 million, while SIG contributed $3 million in the funding round. The remaining $3.3 million came from existing investors Peak XV and Pravega.
The Bengaluru-based startup will use the fresh capital to expand its corporate network to about 1,000 companies in the next two years and enhance its offerings. It will also deploy a chunk of the funds to ramp up its tech stack, shore up product development, and build an AI-driven layer to deliver personalised user experiences.
The company also plans to strengthen integrations with banking partners such as HDFC Bank and RBL Bank and onboard additional financial institutions.
The startup was founded by Piyush Bagaria, Mohit Gorisariya and Saumeet Nanda in 2023. Bagaria previously worked with Paytm and brings experience in fintech and payments, while Gorisariya has a background in product development and technology.
SalarySe offers salary-linked credit and financial wellness products to its customers. By integrating its offerings directly with employers, the company claims to cater to users at over 100 large enterprises across IT, healthcare, BFSI and manufacturing sectors. Besides its core credit-on-UPI product, SalarySe also offers tools for savings, personal finance management and financial literacy.
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SalarySe last raised $5.25 million in seed funding from Peak XV Partners and Pravega Ventures in January 2024.
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