Latest news with #AnishAcharya
Independent Singapore
5 days ago
- Business
- Independent Singapore
Deel reaches $1B revenue run rate in Q1 2025; Singapore revenue growth surges 75% YoY
Photo: Facebook/Deel SINGAPORE: Deel reached a $1 billion revenue run rate in the first quarter of 2025 (Q1 2025), just six years after it was founded, and has continued to grow in April and May. Notably, in Singapore alone, the payroll and HR company's revenue grew 75% year-on-year, according to the company's press release on Tuesday (June 3). From April 2024 to April 2025, Deel's revenue grew 75% YoY. Its HR and payroll products also surged to a 164% YoY growth. The company has been profitable since Q3 2023 and achieved double-digit earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin growth in Q1 2025. Anish Acharya, General Partner at Andreessen Horowitz and Board Member at Deel, said, 'When I first met Deel, there were 10 people with a big idea, and now they're powering global teams at a massive scale.' Deel CEO and co-founder Alex Bouaziz said the milestone reflects the trust their customers have placed in the company. 'From day one, we believed the future of work demanded a new kind of infrastructure — one that was global, flexible, and obsessed with quality. We're proud of this milestone, but we're even more excited about what's next. Our work has only just begun,' he added. Mark Samlal, Deel's General Manager for Asia Pacific, added, 'Surpassing the $1 billion run rate is not just a global milestone for Deel, but a testament to the trust and momentum we're seeing across Asia-Pacific.' 'As businesses here [in Singapore] continue to expand internationally and embrace new ways of working, Deel remains committed to empowering them with the infrastructure and expertise needed to build truly global teams with confidence and speed.' Deel has a customer base of over 35,000 companies and 1.25 million workers across more than 150 countries. Its clients include major firms such as Klarna, BCG, and /TISG Read also: Telegram set to get US$300M and half of xAI revenue from Grok chatbot deal, 'pending formalities'
Techday NZ
5 days ago
- Business
- Techday NZ
Deel hits USD $1 billion run rate milestone amid rapid growth
Deel has reported surpassing a USD $1 billion run rate in the first quarter of 2025, marking a notable milestone in its growth trajectory. The company, which launched in New Zealand in 2022, announced the achievement less than six years after its founding. It attributes this milestone both to rapid global expansion and a diversified revenue approach, combining subscription and implementation fees for its run rate calculation. Deel's financial overview indicates a sustained pace of growth, with a 75% year-on-year revenue increase from April 2024 to April 2025. The firm reported double-digit EBITDA margin growth in the first quarter of 2025 and stated it has been profitable since the third quarter of 2023. It has not raised additional funds since 2022. The company has also achieved 164% year-on-year growth across its HR and payroll product segments over the past year. Deel now serves more than 35,000 corporate clients and supports approximately 1.25 million workers in over 150 countries. Its customer portfolio includes names such as Klarna, BCG, and Deel's integrated product suite and owned payroll infrastructure are described as having shifted how organisations approach global hiring and employee management. By offering a unified platform as well as white label and unbundled services, Deel aims to address requirements for companies of varying sizes and enable further revenue diversification. As part of its growth strategy, Deel has acquired companies including PaySpace, Hofy, Zavvy, and Assemble. These acquisitions have allowed the company to add new products and extend its payroll infrastructure. Anish Acharya, General Partner at Andreessen Horowitz and Board Member at Deel, commented, "When I first met Deel, there were 10 people with a big idea, and now they're powering global teams at a massive scale. Alex and Shuo continue to execute on their vision, methodically building a platform that reduces the complexity of global hiring and enables companies to onboard talent anywhere in the world with speed and confidence. As a result, Deel has become the default infrastructure for global work. Their product velocity and early bet on AI have unlocked tools that make global work simpler and more accessible for customers everywhere." Alex Bouaziz, Co-founder and Chief Executive Officer of Deel, added, "Reaching a $1 billion run rate is a reflection of the trust our customers have put in us. From day one, we believed the future of work demanded a new kind of infrastructure - one that was global, flexible, and obsessed with quality. We're proud of this milestone, but we're even more excited about what's next. Our work has only just begun." Deel's approach to global HR involves combining payroll, compliance, benefits, performance management, and IT asset equipment management into a single platform. The company has invested in artificial intelligence-powered tools and maintains a fully owned payroll infrastructure to support multiple worker types across its global footprint. Deel supports every worker type in 150+ countries, helping businesses scale smarter, faster, and more compliantly.
Scoop
5 days ago
- Business
- Scoop
Deel Surpasses US$1 Billion Run Rate, Signaling A New Era In Global HR
Press Release – Deel Deel is one of the fastest growing SaaS companies in the world 4th June 2025 – Leading payroll and HR company Deel announced today that it surpassed a US$1 billion run rate in Q1 2025 — a significant milestone achieved in just six years since its founding. This accomplishment underscores Deel's rapid growth, global scale, and unwavering commitment to enabling the global future of work. Financial snapshot: Deel crossed $1 billion run rate in Q1 2025 and has continued to grow in April & May It has achieved 75% year on year revenue growth, April 2024-2025. Deel has been profitable since Q3 2023 and has not raised money since 2022. In Q1 2025 it achieved double digit EBITDA margin growth. It has achieved 164% year on year growth across its HR and payroll products, April 2024-2025. With a customer base exceeding 35,000 companies and 1.25m workers across 150+ countries — including industry leaders like Klarna, BCG, and — Deel has emerged as a foundational platform for modern workforce management. The company's integrated product suite and owned infrastructure has reshaped how organisations hire, pay, and manage employees. It offers a unified product platform – eliminating the traditional patchwork of providers many companies used previously – as well as white label and unbundled services, driving long-term growth diversification. 'When I first met Deel, there were 10 people with a big idea, and now they're powering global teams at a massive scale,' said Anish Acharya, General Partner at Andreessen Horowitz and Board Member at Deel. 'Alex and Shuo continue to execute on their vision, methodically building a platform that reduces the complexity of global hiring and enables companies to onboard talent anywhere in the world with speed and confidence. As a result, Deel has become the default infrastructure for global work. Their product velocity and early bet on AI have unlocked tools that make global work simpler and more accessible for customers everywhere.' 'Reaching a $1 billion run rate is a reflection of the trust our customers have put in us,' said Alex Bouaziz, Co-founder and CEO of Deel. 'From day one, we believed the future of work demanded a new kind of infrastructure — one that was global, flexible, and obsessed with quality. We're proud of this milestone, but we're even more excited about what's next. Our work has only just begun.' About Deel Deel is the all-in-one payroll and HR platform for global teams. Built for the way the world works today, Deel combines HRIS, payroll, compliance, benefits, performance, IT asset equipment management into one seamless platform. With AI-powered tools and a fully owned payroll infrastructure, Deel supports every worker type in 150+ countries—helping businesses scale smarter, faster, and more compliantly.
Scoop
6 days ago
- Business
- Scoop
Deel Surpasses US$1 Billion Run Rate, Signaling A New Era In Global HR
4th June 2025 – Leading payroll and HR company Deel announced today that it surpassed a US$1 billion run rate in Q1 2025 — a significant milestone achieved in just six years since its founding. This accomplishment underscores Deel's rapid growth, global scale, and unwavering commitment to enabling the global future of work. Financial snapshot: Deel crossed $1 billion run rate in Q1 2025 and has continued to grow in April & May It has achieved 75% year on year revenue growth, April 2024-2025. Deel has been profitable since Q3 2023 and has not raised money since 2022. In Q1 2025 it achieved double digit EBITDA margin growth. It has achieved 164% year on year growth across its HR and payroll products, April 2024-2025. With a customer base exceeding 35,000 companies and 1.25m workers across 150+ countries — including industry leaders like Klarna, BCG, and — Deel has emerged as a foundational platform for modern workforce management. The company's integrated product suite and owned infrastructure has reshaped how organisations hire, pay, and manage employees. It offers a unified product platform - eliminating the traditional patchwork of providers many companies used previously - as well as white label and unbundled services, driving long-term growth diversification. 'When I first met Deel, there were 10 people with a big idea, and now they're powering global teams at a massive scale,' said Anish Acharya, General Partner at Andreessen Horowitz and Board Member at Deel. 'Alex and Shuo continue to execute on their vision, methodically building a platform that reduces the complexity of global hiring and enables companies to onboard talent anywhere in the world with speed and confidence. As a result, Deel has become the default infrastructure for global work. Their product velocity and early bet on AI have unlocked tools that make global work simpler and more accessible for customers everywhere.' 'Reaching a $1 billion run rate is a reflection of the trust our customers have put in us,' said Alex Bouaziz, Co-founder and CEO of Deel. 'From day one, we believed the future of work demanded a new kind of infrastructure — one that was global, flexible, and obsessed with quality. We're proud of this milestone, but we're even more excited about what's next. Our work has only just begun.' About Deel Deel is the all-in-one payroll and HR platform for global teams. Built for the way the world works today, Deel combines HRIS, payroll, compliance, benefits, performance, IT asset equipment management into one seamless platform. With AI-powered tools and a fully owned payroll infrastructure, Deel supports every worker type in 150+ countries—helping businesses scale smarter, faster, and more compliantly.
Zawya
6 days ago
- Business
- Zawya
Deel surpasses $1bln run rate, signaling a new era in global HR
San Francisco, CA – Leading payroll and HR company Deel announced today that it surpassed a $1 billion run rate in Q1 2025 — a significant milestone achieved in just six years since its founding. This accomplishment underscores Deel's rapid growth, global scale, and unwavering commitment to enabling the global future of work. Financial snapshot: Deel crossed $1 billion run rate in Q1 2025 and has continued to grow in April & May It has achieved 75% year on year revenue growth, April 2024-2025. Deel has been profitable since Q3 2023 and has not raised money since 2022. In Q1 2025 it achieved double digit EBITDA margin growth. It has achieved 164% year on year growth across its HR and payroll products, April 2024-2025. With a customer base exceeding 35,000 companies and 1.25m workers across 150+ countries. Deel has emerged as a foundational platform for modern workforce management. The company's integrated product suite and owned infrastructure has reshaped how organizations hire, pay, and manage employees. It offers a unified product platform - eliminating the traditional patchwork of providers many companies used previously - as well as white label and unbundled services, driving long-term growth diversification. 'When I first met Deel, there were 10 people with a big idea, and now they're powering global teams at a massive scale,' said Anish Acharya, General Partner at Andreessen Horowitz and Board Member at Deel. 'Alex and Shuo continue to execute on their vision, methodically building a platform that reduces the complexity of global hiring and enables companies to onboard talent anywhere in the world with speed and confidence. As a result, Deel has become the default infrastructure for global work. Their product velocity and early bet on AI have unlocked tools that make global work simpler and more accessible for customers everywhere.' 'Reaching a $1 billion run rate is a reflection of the trust our customers have put in us,' said Alex Bouaziz, Co-founder and CEO of Deel. 'From day one, we believed the future of work demanded a new kind of infrastructure — one that was global, flexible, and obsessed with quality. We're proud of this milestone, but we're even more excited about what's next. Our work has only just begun.' About Deel Deel is the all-in-one payroll and HR platform for global teams. Built for the way the world works today, Deel combines HRIS, payroll, compliance, benefits, performance, IT asset equipment management into one seamless platform. With AI-powered tools and a fully owned payroll infrastructure, Deel supports every worker type in 150+ countries—helping businesses scale smarter, faster, and more compliantly. Discover how Deel makes global work simple at
