India, Oct. 30 -- Fintech startup SalarySe has raised $11.3 Mn (around INR 94 Cr) in its Series A round led by Flourish Ventures. The round also saw participation from Susquehanna Asia VC (SIG) and existing backers namely Peak XV Partners' Surge and Pravega Ventures.

Speaking with Inc42, SalarySe cofounder Piyush Bagaria said that Flourish Ventures infused about $5 Mn, while SIG contributed $3 Mn in the round. The remaining $3.3 Mn came from existing investors Peak XV and Pravega.

The round, which involved around 25% dilution, pegged SalarySe at a roughly $44 Mn post-money valuation. Bagaria added that the shareholding of the cofounders now stands at around 40%, post the round.

Founded in 2023 by Bagaria, Mohit Gorisariya and Saumeet N...