Indian SaaS startup Tartan raises $4.5 million in funding

Tartan, an India-based software-as-a-service (SaaS) startup focusing on payroll and workforce management has raised $4.5 million in its new funding round from 500 Global, InfoEdge Ventures, Quant Fund and others.

• The fund will be used to improve its operations, develop its in-house engineering and product offerings, as well as hire new talents, the startup claims.
• Founded in 2021, 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.
• It has now raised up to $6 million in funding since launch, with WorldQuant Ventures, Varanium GenNext Fund, 9Unicorns, Yatra Angel Network, Emphasis Ventures (EMVC), and Naveen Kukreja participating in its latest raise.