Y Combinator, Kunal Shah and others back Advantage Club

Advantage Club, an AI-driven platform for employee management, has raised $1.7 million in a new round led by Y-Combinator, Broom Ventures, Liquid.vc and Kunal Shah. Angel investors from the US, Middle East and Southeast Asia have also joined the fresh round.

Claiming to have operations in over 60 countries including India, the Philippines, Malaysia, Vietnam, Indonesia, Egypt, the US, and UAE, the Gurugram-based startup will use the fresh capital to strengthen its overseas business.  

Founded by Sourabh and Smiti Deorah, Advantage Club provides corporate membership programs for employee discount program management with benefits such as perks, rewards and early wage access on a single platform.

According to Advantage Club, it works with over 370 companies across 60 countries including Concentrix, Teleperformance, Hexaware, EY, Target among others. 

Silicon Valley-based Y-Combinator has recently invested $125k on an AI-based knowledge platform Synth AI labs Inc.