SumoPayroll
2024 Revenue
$3.2M
Customers
100
Funding
$0
YOY
36%
Avg ACV
$32.2K
Team
25
Founded
2015
How SumoPayroll CEO Steve Lokam grew to $3.2M revenue and 100 customers in 2024.
SumoPayroll being India's best cloud-based HR & Payroll software provides all the functionalities like the security of the data as well as payroll management with a great interface. It matches a top class user experience with convincing and quite fitting reliable and credible software which meets all the parameters to process the payroll.
SumoPayroll is quick, accurate, easy-to-use cloud-based HR & Payroll software and is among the top of India's best cloud-based HR & Payroll software companies. It's packed with features that will help streamline the HR, Payroll and TDS filings.
SumoPayroll Top 10 Features Include:
1. Enhanced Company Setup. 2. Post Payroll Process Actions. 3. Enhanced Payroll reports in PDF / Excel formats. 4. Customization of Pay Period. 5. Enhanced Payroll Process. 6. Customized Payroll settlement options. 7. Configurable Salary & Expense Reports. 8. Time & Expenses Tracking. 9. Employee Self Service & Management. 10. Enhanced Employee Compensation
No Trials, N
Last updated
SumoPayroll Revenue
In 2024, SumoPayroll's revenue reached $3.2M. The company previously reported $2.4M in 2023. Since its launch in 2015, SumoPayroll has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | SumoPayroll Hit $3.2m revenue in October 2024 | |
| 2023 | SumoPayroll Hit $2.4m revenue in December 2023 | |
| 2021 | SumoPayroll Hit $1.4m revenue in April 2021 | |
| 2015 | Launched with $0 revenue |
SumoPayroll Valuation, Funding Rounds
SumoPayroll is a bootstrapped HRMS & HCM Software startup. Founded in 2015, SumoPayroll has grown to $3.2M in revenue without raising any venture capital or outside funding.
As a self-funded HRMS & HCM Software SaaS company, SumoPayroll has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Steve Lokam
CEO
Over 26 years of consulting experience. Steve is the Co-Founder and Sr. Principal at OpenLogix. Recently, Steve Co-Founded a Cloud-based Payroll company in India called SumoPayroll. SumoPayroll is primarily a Payroll and HR product on the cloud for businesses in India. OpenLogix is partnered with leading integration vendors like MuleSoft, IBM, Apigee among others with focus on providing Enterprise Integration Solutions to customers in the US, UK and Asia-Pacific and an authorized reseller of various technology products. SPECIALTIES: Integration/APIs, Hybird Cloud, Mobile, Enterprise Mobility, Enterprise Digital Experiences, e-Commerce, Robotic Process Automation. TECHNICAL EXPERTISE: MuleSoft, Salesforce, IBM Cloud (Softlayer, Bluemix), Google Cloud Platform, IBM Mobile First (aka IBM Worklight), IBM DataPower, IBM BPM, RPA, WebSphere ESB, WebSphere TX, WebSphere Message Broker (Now IIB - IBM Integration Broker) among other integration technologies. He is always looking to network with energetic, enthusiastic people in the areas of API-Led Integration, Partner Integration, RPA.
Q&A
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|---|---|
| What's your age? | - |
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Customers
SumoPayroll serves 100 customers.
SumoPayroll Employees & Team Size
SumoPayroll employs approximately 25 people as of 2026, down from 26 in 2023, including 5 sales reps that carry a quota. It serves 100 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 25 employees (October 2024) |
| 2023 | Reached 26 employees (December 2023) |
| 2022 | Reached 19 employees (December 2022) |
| 2021 | Reached 19 employees (December 2021) |
| 2021 | Reached 22 employees (April 2021) |
Frequently Asked Questions about SumoPayroll
What is SumoPayroll's revenue?
SumoPayroll generates an estimated $3.2M in annual revenue.
Who founded SumoPayroll?
SumoPayroll was founded by Steve Lokam.
Who is the CEO of SumoPayroll?
The CEO of SumoPayroll is Steve Lokam.
How much funding does SumoPayroll have?
SumoPayroll is bootstrapped and has not raised outside funding.
How many employees does SumoPayroll have?
SumoPayroll has 25 employees.
Where is SumoPayroll headquarters?
SumoPayroll is headquartered in Vizag, Andhra Pradesh, India.
Compare SumoPayroll to the industry
SumoPayroll operates across multiple industries. Browse revenue, funding, and growth data for SumoPayroll in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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