<30 days
to onboard 3 portfolio companies
$120K+
in entity setup costs avoided
<6 days
average time-to-hire
100%
audit-ready documentation from day one
Client Details
Fund Type
Early-Stage Venture Capital Fund
Portfolio Focus
SaaS and fintech
Companies Involved
3
Industry
Manifest Global
Markets
India plus one additional market per company (APAC)
Service & Duaration
Employer of Record (EOR) fund-level engagement ongoing since 6.8 yrs
The Portfolio Context
Following a funding round, three portfolio companies at the same venture fund each needed to start hiring internationally within a 60-day window one building an engineering team in India, the others needing a first India hire alongside a second market each. None had more than a handful of people on the ground outside their home country, and none had the bandwidth to solve international employment law from scratch while also spending the new capital on product and go-to-market.
The Challenge
Left alone, each portfolio company would have solved the same problem three separate times with three different vendors, three different contract templates, and three different compliance blind spots. The operating partner overseeing the group identified the pattern early:
- Each company was independently pricing out entity setup typically a 3–6 month process carrying $50,000 or more in cost before a single local hire could be made
- Contracts, payroll, and statutory registrations were being scoped separately per company, duplicating legal spend across the portfolio for what was fundamentally the same problem
- With HR due diligence now a documented factor in a large share of stalled or renegotiated deals, the fund did not want three portfolio companies building employment structures that would need to be unwound at the next raise
- The 60-day window post-close left no room for each company to run its own vendor evaluation before hiring could start
“We didn’t want three portfolio companies solving the same compliance problem three different ways in the same quarter. That’s not capital efficiency, that’s duplicated risk.”
— Managing Director / General Partner, Venture Capital Firm, California
How Husys Resolved The Challenge
The fund brought Husys in at the portfolio level rather than leaving each company to solve hiring on its own, activating a single fund-level EOR engagement across all three companies.
- EOR employment was activated for all three portfolio companies under one master engagement, with a dedicated point of contact for the fund’s operating team
- Onboarding, payroll, and compliance documentation were standardised across India and each company’s secondary market, using the same contract templates and reporting format for every company
- No entity registration was required in any market for any of the three companies
- IP assignment, confidentiality, and statutory compliance (PF, ESI, PT, TDS) were built into every hire’s contract from the outset, rather than retrofitted once a raise or diligence process began
- Each company retained full operational control of its hires; Husys held the legal employer-of-record status and the compliance obligations that come with it
The Results
Thirty days after the fund-level engagement began, all three portfolio companies were hiring on the same standardised framework a result the fund now cites in conversations with other portfolio companies about how international hiring should be handled post-close.
- All 3 portfolio companies onboarded onto a single EOR framework in under 30 days
- $120,000-plus in entity setup costs avoided across the portfolio, capital that was redirected into hiring and go-to-market instead
- Average time-to-hire across the three companies fell from an estimated 14 weeks under the entity route to 6 days under the EOR framework
- 100% audit-ready employment documentation in place from day one not retrofitted ahead of the next fundraise
- The fund has since referenced the engagement as the default playbook for newly-funded portfolio companies expanding into India
"Every portfolio company we've pointed to Husys since has skipped the 'should we open an entity' debate entirely. It's now just how we tell founders to hire in India."
How Husys Can Help Your SaaS Company
Husys works directly with venture and private equity funds, not just individual startups. We provide one master engagement, one standardized set of contracts, and one unified compliance framework across every portfolio company entering India or expanding internationally. Through our global partnership with People2.0, we support compliant hiring across 65+ countries.
If your portfolio is about to solve the same hiring problem multiple times this quarter, a fund-level EOR partnership solves it once.
Book a Demo to speak to an EOR Expert or email us reach@husys.com
