SalarySe’s valuation jumps 3X in Series A round

Fintech startup SalarySe has recently raised $11.3 million in its Series A round led by Flourish Ventures and SIG Venture Capital with participation from existing investors Surge Ventures and Pravega Ventures.

While the Gurugram-based company didn’t disclose its valuation, round breakup, or shareholding structure in the announcement, Entrackr examined regulatory filings to uncover these details.

The SalarySe’s board has allotted 6,617 Series A compulsory convertible cumulative preferred shares at an issue price of Rs 1,46,424.19 each to raise Rs 97…