About Citrus Pay
Citrus Pay is a company based in Mumbai (India) founded in 2011 was acquired by PayU in September 2016. Citrus Pay has raised $32.5 million across 3 funding rounds from investors including PayU, Peak XV Partners and Beenos. The company has 163 employees as of April 06, 2024. Citrus Pay operates in a competitive market with competitors including PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
- Headquarter Mumbai, India
- Employees 163 as on 06 Apr, 2024
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Citrus Payment Solutions Private Limited
- Date of Incorporation 28 Apr, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$18.46 M (USD)34.25as on Mar 31, 2017
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Net Profit
-$14.49 M (USD)-36.14as on Mar 31, 2017
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EBITDA
-$15.74 M (USD)-70.77as on Mar 31, 2017
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Total Equity Funding
$32.5 M (USD)
in 3 rounds
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Latest Funding Round
$25 M (USD), Series C
Oct 19, 2015
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Investors
PayU
& 4 more
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Employee Count
163
as on Apr 06, 2024
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Acquired by
PayU
(Sep 14, 2016)
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Funding Insights of Citrus Pay
Citrus Pay has successfully raised a total of $32.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in October 2015. 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.
Investors in Citrus Pay
Citrus Pay has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include PayU, Peak XV Partners and Beenos.
| Investor | Description | Founded Year | Domain | Location |
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AscentCapital is engaged in potato farming, grain marketing, and equipment services in Maine.
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Seed-stage tech-focused VC Firm funding companies in Asia, the Middle East and the US
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Venture capital firm investing in startups and providing support programs.
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Investor details for Citrus Pay
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Investments & Acquisitions by Citrus Pay
Investment portfolio details for Citrus Pay
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Financial Statements - Citrus Pay
Detailed financials for Citrus Pay
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Citrus Pay Comparisons
Peer comparison for Citrus Pay
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- Named peers
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Competitors of Citrus Pay
Citrus Pay 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 PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment, financial, investment, and lending services are provided digitally.
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Operator of platform for online mobile, DTH recharge, and bill payments
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Digital payments, financial services, and e-commerce platforms are provided.
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Digital wallet services for bill payments and recharges are facilitated.
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Cross-border payments are enabled via wallet solutions for consumers.
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Wallet-based payment solutions are provided for consumers and businesses.
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Detailed competitors of Citrus Pay
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Latest news on Citrus Pay
Complete news archive for Citrus Pay
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Frequently Asked Questions about Citrus Pay
Citrus Pay was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Citrus Pay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Citrus Pay is a funded company, having raised a total of $32.5M across 3 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Citrus Pay is 163.
Annual revenue of Citrus Pay is $18.46M as on Mar 31, 2017.
Founded in 2011 in Mumbai, India, Citrus Pay operates in the fintech sector as a payment gateway. Online transactions are facilitated for businesses to accept payments, while consumers can handle mobile recharges, train tickets, and utility bills. Services include Citrus Cash for peer-to-peer transfers via a mobile wallet and Citrus Cube for offline bill planning and management.
Citrus Pay has 5 investors. Key investors include PayU, Peak XV Partners, Beenos, Ascent Capital, and Econtext Asia.