About DazzlePay
DazzlePay is a company based in Mumbai (India) founded in 2017 by Deepak Bhutra and Aditya Agarwal. DazzlePay has raised $56.53 thousand across 1 funding round from investors including SR Consultancy and Naveen Singh. DazzlePay operates in a competitive market with competitors including REPAY, Infibeam Avenues, Clearhaus, Mylapay and DataMesh Group, among others.
- Headquarter Mumbai, India
- Founders Deepak Bhutra, Aditya Agarwal
- SectorsFinancial Services
- Email••••••••
- Website dazzlepay.co.in
- Legal Name Dazzlepay Payment Processing Private Limited
- Date of Incorporation 19 Jul, 2017
- Jurisdiction Navi Mumbai, Maharashtra, India
- Annual Revenue₹3 Lakh
FY 2024 · +51% YoY
- Net Profit₹5 Lakh
FY 2024 · 170% margin
- EBITDA₹1.4 Lakh
FY 2024 · 48% margin
- Total Equity Funding$56.53K (USD)
in 1 rounds
- Latest Funding Round$56.53K (USD), Seed
Mar 2018
- InvestorsSR Consultancy
& 1 more
Associated legal entities of DazzlePay
DazzlePay operates through Dazzlepay Payment Processing 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 |
|---|---|---|---|---|---|---|---|
| Dazzlepay Payment Processing Private Limited CIN U72900MH2017PTC297529 | Active | 19 Jul 2017 | Navi Mumbai, Maharashtra | ₹0.0 Cr | – | 3 | View details |
Funding Insights of DazzlePay
DazzlePay has successfully raised a total of $56.53K through 1 strategic funding round. The most recent funding activity was a Seed round of $56.53 thousand completed in March 2018. 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 $56,534
- Total Rounds 1
- Last Round Seed — $56,534
- First Round $56,534
(Mar 2018)
- Investors Count 2
All 1 funding rounds of DazzlePay 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 2018 | $56,534 | Seed | $355,739 | SR Consultancy |
Last known valuation $355,739 (Mar 2018). 2 investors in total: 1 institutional and 1 angel.
Investors in DazzlePay
DazzlePay has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include SR Consultancy and Naveen Singh.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Delivers integrated solutions for electrical, security, and housekeeping services. | 2017 | srconsultancy.net.in | Ghaziabad, India | |
NS Naveen Singh | Co-founder of Rocketium, active angel investor in Indian startups | – | unknown_f49bbc5c6e0744efb | - |
Investor details for DazzlePay
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 Dazzlepay Payment Processing Private Limited (DazzlePay)
Dazzlepay Payment Processing Private Limited is the primary company behind DazzlePay. The board of Dazzlepay Payment Processing Private Limited currently have 3 directors; the longest-serving is Deepak Bhutra, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepak Bhutra DIN 07847820 | Director | 19 Jul 2017 | 9 yrs 2 mo | Dazzlepay Payment Processing Private Limited |
| Shveta Bhutra DIN 08594494 | Additional Director | 23 Oct 2019 | 6 yrs 11 mo | Dazzlepay Payment Processing Private Limited |
| Vedant Bhutra DIN 09655265 | Director | 30 Sep 2022 | 4 yrs | Dazzlepay Payment Processing Private Limited |
People of DazzlePay
2 people are tracked at DazzlePay (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for DazzlePay
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 DazzlePay
Figures of Dazzlepay Payment Processing Private Limited, the primary company behind DazzlePay, for FY 2024. Revenue was ₹3 Lakh (+51% year on year). Net profit was ₹5 Lakh (170% margin). EBITDA was ₹1.4 Lakh (48% margin). Revenue has grown at a compounded annual rate of -46% over three years and -62% over five years.
- ₹3 LakhRevenue · FY 2024 · +51% YoY
- ₹5 LakhNet profit · 170% margin
- ₹1.4 LakhEBITDA · 48% margin
- ₹2 LakhPaid-up capital
- -46%Revenue CAGR, 3 years
- -62%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Dazzlepay Payment Processing Private Limited are on its company page.
Detailed financial statements for DazzlePay
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 DazzlePay
2 dated milestones of DazzlePay across 1 years, from founding to its latest funding, stage changes and deals.
- Founded DazzlePay is founded.
- Funding First funding round of $57K.
Competitors of DazzlePay
DazzlePay 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 REPAY, Infibeam Avenues, Clearhaus, Mylapay and DataMesh Group, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| repay.com | 2006 | Atlanta, United States | – | 122 | Merchant acquiring solutions are provided for businesses to process payments. | |
| ia.ooo | 2007 | Gandhinagar, India | – | 642 | Digital payment solutions and enterprise software platforms are provided. | |
| clearhaus.com | 2011 | Aarhus, Denmark | $7.36M | 56 | Merchant acquiring solutions are offered for payment processing needs. | |
| mylapay.com | 2019 | Chennai, India | $736,972 | 67 | Provider of payment processing and risk management solutions | |
| datameshgroup.com | 2018 | Sydney, Australia | $32.71M | – | Payment processing solutions are delivered to Australian merchants and retailers. | |
| credopay.com | 2014 | Chennai, India | $10.24M | 124 | Merchant acquirer payment processing solutions for businesses | |
| decta.com | 2015 | London, United Kingdom | $274,894 | 8 | Merchant acquiring and payment processing solutions are delivered globally. |
Detailed competitors of DazzlePay
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 DazzlePay
10 companies that operate in the same segment as DazzlePay (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 |
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
Frequently Asked Questions about DazzlePay
DazzlePay was founded in 2017 and raised its 1st funding round 1 year after it was founded.
DazzlePay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
DazzlePay is a funded company, having raised a total of $56.53K across 1 funding round to date. The company's 1st funding round was a Seed of $56.53K, raised on Mar 2018.
The primary company behind DazzlePay, Dazzlepay Payment Processing Private Limited, reported revenue of ₹3 Lakh for FY 2024, up 51% year on year.
DazzlePay was founded in 2017 and is based in Mumbai, India. Merchant banking solutions are provided to banks, financial institutions, and retailers within the fintech sector. Services include payment gateways, prepaid card issuance, and white-label wallets. Online and offline payments from customers are enabled for banks through these offerings. Operations focus on facilitating secure transaction processing across various channels.
DazzlePay's top competitors include REPAY, Infibeam Avenues and Clearhaus.
DazzlePay has 2 investors. Key investors include SR Consultancy, and Naveen Singh.
The valuation of DazzlePay is $355.74K as of Mar 2018.
DazzlePay operates through Dazzlepay Payment Processing Private Limited.
The legal entities of DazzlePay currently have 3 directors, including Vedant Bhutra, Shveta Bhutra, Deepak Bhutra.