TeamNest Employee Services Private Limited

Founded in 2017 and based in Mumbai, India, TeamNest Employee Services Private Limited is a cloud-based software platform that helps simplify HR services for different organizations. Mahesh Jethani and Prashant Shah are the co-founders of the company. In March 2023, TeamNest Employee Services raised Series A funding from InCred Capital Financial Services Private Limited. The company provides a self-signup cloud platform to manage employees and organization processes.

The firm’s platform features include attendance, leaves, expenses, roost, timesheet, payroll, compliance, helpdesk, engagement, employee self-service, and onboarding. TeamNest’s services include transactional payroll, statutory compliances, salary structuring, letter and policy writing, and others. The enterprise generates revenue through its pricing plans, which include USD 3 per employee per month globally and INR 2 per employee per day in India. The organization plans to use the March 2023 funding to expand its reach and enhance its product offerings.