About AggrePay
AggrePay is a company based in Mumbai (India) founded in 2017 by Santosh Purabia. AggrePay has raised $2.1 million across 2 funding rounds from investors including Atraxn, Gettin Techsoft India and Ibuild Software Solutions. The company has 13 employees. AggrePay operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Mumbai, India
- Employees 13
- Founders Santosh Purabia
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website aggrepay.in
- Social LinkedIn X Facebook
- Legal Name Aggrepay Payments Solutions Private Limited
- Date of Incorporation 16 Jun, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹18.45 Cr
FY 2024 · +39% YoY
- Net Profit₹0.08 Cr
FY 2024 · 0% margin
- EBITDA₹0.25 Cr
FY 2024 · 1% margin
- Total Equity Funding$2.1M (USD)
in 2 rounds
- Latest Funding Round$2.04M (USD), Seed
Mar 2021
- InvestorsAtraxn
& 4 more
- Employee Count13
Associated legal entities of AggrePay
AggrePay operates through Aggrepay Payments Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aggrepay Payments Solutions Private Limited CIN U74999MH2017PTC296237 | Active | 16 Jun 2017 | Mumbai, Maharashtra | ₹18.4 Cr | 13 | 2 | View details |
Funding Insights of AggrePay
AggrePay has successfully raised a total of $2.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.04 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.1M
- Total Rounds 2
- Last Round Seed — $2.04M
- First Round $50,838
(Apr 2019)
- Investors Count 5
All 2 funding rounds of AggrePay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $2.04M | Seed | $12.08M | Gettin Techsoft India | – |
| Apr 2019 | $50,838 | Seed | $676,969 | Atraxn, Ibuild Software Solutions |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $12.08M | •••••••• |
Last known valuation $12.08M (Mar 2021). 5 investors in total: 3 institutional and 2 angel.
Investors in AggrePay
AggrePay has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Atraxn, Gettin Techsoft India and Ibuild Software Solutions.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | gettintechsoftindia.tcc.mode | - | |
Sector agnostic startup incubator | 2016 | atraxn.com | Delhi, India | |
NB Naresh Bhardwaj | - | – | unknown_57758dfccfcc4680a | - |
PP Pundalika Panduranga | - | – | unknown_10e96a04b3a74749a | - |
- | – | ibuildsoftwaresolutions.tcc.mode | - |
Investor details for AggrePay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Aggrepay Payments Solutions Private Limited (AggrePay)
Aggrepay Payments Solutions Private Limited is the primary company behind AggrePay. The board of Aggrepay Payments Solutions Private Limited currently have 2 directors; the longest-serving is Shanmuganathan, appointed in 2021. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shanmuganathan DIN 08961513 | Director | 16 Mar 2021 | 5 yrs 6 mo | Aggrepay Payments Solutions Private Limited |
| Atiyeri Kandian Sharath DIN 09527364 | Additional Director | 16 May 2022 | 4 yrs 4 mo | Aggrepay Payments Solutions Private Limited |
People of AggrePay
1 people are tracked at AggrePay (1 in leadership); the tracked headcount is 13.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for AggrePay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of AggrePay
Figures of Aggrepay Payments Solutions Private Limited, the primary company behind AggrePay, for FY 2024. Revenue was ₹18.45 Cr (+39% year on year). Net profit was ₹0.08 Cr (0% margin). EBITDA was ₹0.25 Cr (1% margin). Revenue has grown at a compounded annual rate of +50% over three years and +67% over five years.
- ₹18.45 CrRevenue · FY 2024 · +39% YoY
- ₹0.08 CrNet profit · 0% margin
- ₹0.25 CrEBITDA · 1% margin
- ₹0.01 CrPaid-up capital
- 13Employees (provident fund records)
- +50%Revenue CAGR, 3 years
- +67%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Aggrepay Payments Solutions Private Limited are on its company page.
Detailed financial statements for AggrePay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of AggrePay
4 dated milestones of AggrePay across 4 years, from founding to its latest funding, stage changes and deals.
- Founded AggrePay is founded.
- Funding First funding round of $51K.
- Funding Latest funding round, Seed, of $2.0M.
- Milestone Reaches Minicorn status.
Competitors of AggrePay
AggrePay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| razorpay.com | 2014 | Bengaluru, India | $742M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| flutterwave.com | 2016 | San Francisco, United States | $319.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| pinelabs.com | 1998 | Noida, India | $1.32B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| airpay.co.in | 2012 | Mumbai, India | $3.63M | 996 | An integrated omnichannel platform for financial services is provided. |
Detailed competitors of AggrePay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to AggrePay
10 companies that operate in the same segment as AggrePay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about AggrePay
AggrePay was founded in 2017 and raised its 1st funding round 2 years after it was founded.
AggrePay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
AggrePay is a funded company, having raised a total of $2.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $50.84K, raised on Apr 2019.
AggrePay has 13 employees.
The primary company behind AggrePay, Aggrepay Payments Solutions Private Limited, reported revenue of ₹18.45 Cr for FY 2024, up 39% year on year.
Provider of payment gateway and related financial services. It offers a secure platform for processing various payment methods, including creditdebit cards, net banking, UPI, and wallets. Additional services encompass invoicing, challan generation, white-labelled wallets, prepaid cards, split payments, and vendor payment systems. The platform features easy integration via plugins and APIs, enabling businesses to quickly adopt its payment solutions. It also provides real-time data and reporting tools for business decision-making and supports various mobile and server-side integrations. Refunds are processed efficiently, and customer support is available through multiple channels.
AggrePay has 5 investors. Key investors include Atraxn, Gettin Techsoft India, Ibuild Software Solutions, Naresh Bhardwaj, and Pundalika Panduranga.
The valuation of AggrePay is $12.08M as of Mar 2021.
AggrePay operates through Aggrepay Payments Solutions Private Limited.
The legal entities of AggrePay currently have 2 directors, including Shanmuganathan, Atiyeri Kandian Sharath.