Contact Information

160 Robinson Rd, #14-04
Sit Rd, SBF Center, Singapore 068914

Deputy, a software company founded by Ashik Ahmed, has achieved a billion-dollar valuation with its recent funding round, making it the first private technology “unicorn” company to emerge since early 2022.

  • Software Overview: Deputy offers a comprehensive workforce management solution that includes employee scheduling, timesheets, task management, and communication tools, all in one platform.
  • Founding Inspiration: Ashik Ahmed’s experiences as a young working immigrant inspired him to create Deputy to provide solutions that help organize a company’s workforce.
  • Investment and Valuation: The company received a US$37Mn investment from Express Employment Professionals, valuing Deputy at over US$1.1Bn. This is the first external investment in six years.
  • Financial Performance: Deputy achieved its first profit in the fiscal year ending June 30, 2023, with a statutory profit of US$8.5Mn compared to the previous year’s loss of US$24.9Mn. Its annual revenue exceeded US$100Mn.
  • Fundraising Success: Previous fundraising efforts, including a US$111Mn capital raise in 2018 led by US investor IVP, have contributed to Deputy’s current valuation.
client banner image

Leave a Reply

Your email address will not be published. Required fields are marked *