SalaryBox YC Application

Summer 2021Active

SalaryBox went through Y Combinator in the Summer 2021 batch as a B2B company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2021
Industry: B2BHuman Resources
Team size: 40
Status: Active
Launched: 2021

Founders

Nikhil GoelFounder
Peeyush GoyalFounder

What SalaryBox does

Salarybox is a payroll app for small businesses in India. There are 63 Million small businesses in India and 90% still manage payroll manually. Today, business owners manage attendance on pen-paper; calculate salary on excel and pay employees in cash. Using our App, the entire process can be performed with the click of a button. Our app reduces the time taken to process payroll from 5 days to 5 minutes. We use Payroll data to build a credit profile of 300 Million+ blue-collar workers and improve access to financial products.

SalaryBox's YC application, reconstructed

Y Combinator application

SalaryBox, Summer 2021 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

SalaryBox

Describe what your company does in 50 characters or less.

Gusto for India

What is your company going to make? Please describe your product and what it does or will do.

We built a payroll app tailored for small businesses in India where most payroll is still manual. Our product lets business owners replace pen-and-paper attendance, Excel calculations, and cash payments with a few clicks. It reduces payroll processing time from five days to five minutes. We also use payroll data to build credit profiles for blue-collar workers, helping them access financial products.

Where do you live now, and where would the company be based after YC?

We live in Gurugram, Haryana, India, and plan to continue basing the company here after YC.

Explain your decision regarding location.

We are based in Gurugram because that's where we understand the local market and small business environment best. It's also convenient for our team and customers.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real SalaryBox YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from SalaryBox's public data (launch notes, founder backgrounds, product description). It shows how a company like SalaryBox would present itself to YC, not the text they submitted.