Vara

Founded in 2020, Vara is focused on simplifying the HR management process for small businesses and their employees, replacing notebooks or spreadsheets that many use to track wages. The main product of the company is the Bukugaji application.

History

2021: Raising $4.8 million, including from RTP Global

In mid-July 2021, the Vara small business personnel management service announced the attraction of initial funding in the amount of $4.8 million. Invested in Vara Leonid's fund BoguslavskogoRTP Global, Go Ventures, AlphaJWC, FEBE Ventures and Taurus Ventures.

The Bukugaji application offers users features for tracking employee attendance, calculating wages and loans, and paying wages. Vara management in a comment to the TechCrunch notes that the startup is aimed at companies with less than 30 employees. Many of them work in the retail, food and beverage sectors or in the service sectors with hard work, such as construction and transport.

Leonid Boguslavsky Foundation invested in Vara small business personnel management service

Before installing and connecting to Bukugaji, the vast majority of our users used laptops to track attendance and issue a payroll, - noted in Mahansaria. - A small part used notes on their phones or simple Excel spreadsheets.

The Bukugaji application is designed to fully support self-service, so companies can download and start using the application themselves. The main product of the startup supports only the mobile version, but the Vara platform is available in the web version.

Bukugaji developers plan to add new features to the application, in particular the mechanism of automatic allowances and overtime, reminders and customized reports. The startup also plans to provide employers with the opportunity to pay wages directly through the platform. In the long term, Bukugaji will offer companies and their employees data analytics. For example, employees will be able to see how their earnings have changed over time. Meanwhile, employers can monitor trends in attendance and wages.^[1]

Notes