Tartan, an India-based software-as-a-service (SaaS) startup focusing on payroll and workforce management, raised $4.5 million in a pre-Series A funding round from 500 Global, InfoEdge Ventures, and Quant Fund.
WorldQuant Ventures, Varanium GenNext Fund, 9Unicorns, Yatra Angel Network, Emphasis Ventures (EMVC), and Naveen Kukreja also participated in the round.
The fund will be used to improve its operations, develop its in-house engineering and product offerings, as well as hire new talents.
Company: Tartanhq Solutions Private Limited
Round: pre-Series A
Funding Month: Aug 2022
Lead Investors: 500 Global, InfoEdge Ventures, Quant Fund
Additional Investors: WorldQuant Ventures, Varanium GenNext Fund, 9Unicorns, Yatra Angel Network, Emphasis Ventures (EMVC), and Naveen Kukreja
Company Website: https://www.tartanhq.com/
Software Category: payroll and workforce management
About the Company: Founded in 2021, Tartan is an employee consent-driven data exchange platform that enables real-time work & income verification and also allows employees to avail of perks (like loans, credit cards, and rewards) that are customized by their employer, in a single click. Tartan uses a single application interface (API) to verify income and employment for employees, salaried workers, gig workers, or creators across different institutions. The startup just launched Batik, an employee benefits marketplace where employers and HR management software providers can offer financial benefits such as earned wage access (EWA), salary-linked loans, credit card limit management, and emergency funds.