Asanify was founded in 2019 by Priyom Sarkarand is headquartered in Kolkata. It focuses on disbursing salaries to employees and also deposits and files payroll compliances such as PF, ESI, and TDS. The HRtech startup’s customer base has seen a growth of more than 50 per cent during the pandemic.
The acquisition will broaden Cognizant’s global software product engineering network, strengthen digital engineering capabilities, adding hundreds of engineers in the U.S. and Philippines
The infusion of new funds will be used for expanding the Community leader network in Tier 3/4 cities, scaling technology, building supply of small regional brands & creating a suite of D2C branded products to address the unfulfilled aspiration of these customers
The series B round was led by Endiya Partners and Emerald Technology Ventures, with participation of existing Series A investors ReBright Partners and 3One4 Capital.