About Appnit Technologies
Appnit Technologies is a company based in Noida (India) founded in 2014 by Manohar Lal VIj and Nitin Kapoor was acquired by DMI Finance in March 2022.. Appnit Technologies has raised $3.6 million across 4 funding rounds from investors including DMI Finance, Capital Trade Link and GMobi. The company has 34 employees as of September 13, 2025. Appnit Technologies operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Noida, India
- Employees 34 as on 13 Sep, 2025
- Founders Manohar Lal VIj, Nitin Kapoor
- Stage Minicorn
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Appnit Technologies Private Limited
- Date of Incorporation 11 Mar, 2014
- Jurisdiction Noida, Uttar Pradesh, India
-
Annual Revenue
$8.88 M (USD)296.39as on Mar 31, 2025
-
Net Profit
$-269.91 K (USD)59.81as on Mar 31, 2025
-
EBITDA
$-520.46 K (USD)45.64as on Mar 31, 2025
-
Total Equity Funding
$3.6 M (USD)
in 4 rounds
-
Latest Funding Round
$3.1 M (USD), Series A
Feb 17, 2021
-
Investors
DMI Finance
& 17 more
-
Employee Count
34
as on Sep 13, 2025
-
Acquired by
DMI Finance
(Mar 28, 2022)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Appnit Technologies
Appnit Technologies has successfully raised a total of $3.6M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.1 million completed in February 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 Total Funding
- Total Rounds 4
- Last Round Series A — $3.1M
-
First Round
First Round
(10 Oct 2015)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series A - Appnit Technologies | Valuation | Pine View Portfolio Consultants , COVET FINANCIAL SERVICES | |
| Oct, 2018 | Amount | Series A - Appnit Technologies | Valuation | GMobi |
|
| Mar, 2016 | Amount | Angel Round - Appnit Technologies | Valuation | Shobhit Tondon , Ritika Sardana |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Appnit Technologies
Appnit Technologies has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DMI Finance, Capital Trade Link and GMobi. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity investments are managed across multiple sectors.
|
Founded Year | Domain | Location | |
|
Private equity investments are managed across multiple sectors.
|
Founded Year | Domain | Location | |
|
Multiple sectors are invested in by the private equity firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Appnit Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Appnit Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Appnit Technologies Comparisons
Competitors of Appnit Technologies
Appnit Technologies 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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
|
|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
|
|
| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
|
|
| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Appnit Technologies
When was Appnit Technologies founded?
Appnit Technologies was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Appnit Technologies located?
Appnit Technologies is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Is Appnit Technologies a funded company?
Appnit Technologies is a funded company, having raised a total of $3.6M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $23.22K, raised on Oct 10, 2015.
How many employees does Appnit Technologies have?
As of Sep 13, 2025, the latest employee count at Appnit Technologies is 34.
What is the annual revenue of Appnit Technologies?
Annual revenue of Appnit Technologies is $8.88M as on Mar 31, 2025.
What does Appnit Technologies do?
Appnit Technologies was founded in 2014 in Noida, India, focusing on the fintech sector. Payment gateway solutions, including Plutus for online transactions and M-Plutus for mobile payments, are offered to support various options for e-commerce. Secure encrypted data transmission is ensured, with the mobile app compatible across iOS, Android, Blackberry, and Microsoft platforms. Data analysis services are also provided to merchants for operational insights.
Who are the top competitors of Appnit Technologies?
Who are Appnit Technologies's investors?
Appnit Technologies has 18 investors. Key investors include DMI Finance, Capital Trade Link, GMobi, I-focus Multitech Solutions, and Pine View Portfolio Consultants.
What is Appnit Technologies's valuation?
The valuation of Appnit Technologies is $9.08M as of Feb 2021.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.