About Dhani Pay
Dhani Pay is a company based in Mumbai (India) founded in 2010 by Sameer Gehlaut. Dhani Pay has raised $26.82 million across 5 funding rounds from investors including Micromax Informatics, Bandhan Mutual Fund and Faering Capital. The company has 5 employees as of April 02, 2024. Dhani Pay operates in a competitive market with competitors including Paytm, PhonePe, MobiKwik, FreeCharge and MoneyGram, among others.
- Headquarter Mumbai, India
- Employees 5 as on 02 Apr, 2024
- Founders Sameer Gehlaut
- Stage Minicorn
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Transerv Limited
- Date of Incorporation 24 Dec, 2010
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$4.87 M (USD)-73.03as on Mar 31, 2023
-
Net Profit
-$2.49 M (USD)-448.15as on Mar 31, 2023
-
EBITDA
-$535.19 K (USD)-123.03as on Mar 31, 2023
-
Total Equity Funding
$26.82 M (USD)
in 5 rounds
-
Latest Funding Round
$6.64 M (USD), Series C
Apr 03, 2019
-
Investors
Micromax Informatics
& 12 more
-
Employee Count
5
as on Apr 02, 2024
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 Dhani Pay
Dhani Pay has successfully raised a total of $26.82M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $6.64 million completed in April 2019. 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 5
- Last Round Series C — $6.6M
-
First Round
First Round
(22 Mar 2012)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series C - Dhani Pay | Valuation | Indiabulls Consumer Finance |
|
| Mar, 2019 | Amount | Angel Round - Dhani Pay | Valuation | Kiran Sidhu , Pravir Vohra |
|
| Mar, 2016 | Amount | Series C - Dhani Pay | Valuation | Faering Capital , Bandhan Mutual Fund |
Investors in Dhani Pay
Dhani Pay has secured backing from 13 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Micromax Informatics, Bandhan Mutual Fund and Faering Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm focusing on investments in Indian internet, mobile, and digital payments sectors.
|
Founded Year | Domain | Location | |
|
Private equity firm managing investments in Indian sectors.
|
Founded Year | Domain | Location | |
|
Delivers comprehensive solutions for consumer and business loans.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Dhani Pay
Financial Statements - Dhani Pay
Dhani Pay Comparisons
Competitors of Dhani Pay
Dhani 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 Paytm, PhonePe, MobiKwik, FreeCharge and MoneyGram, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital payments, financial services, and e-commerce platforms are provided.
|
|
| domain | founded_year | HQ Location |
Payment, financial, investment, and lending services are provided digitally.
|
|
| domain | founded_year | HQ Location |
Operator of platform for online mobile, DTH recharge, and bill payments
|
|
| domain | founded_year | HQ Location |
Digital wallet services for bill payments and recharges are facilitated.
|
|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
|
|
| domain | founded_year | HQ Location |
Wallet-based payment solutions are provided for consumers and businesses.
|
Latest news on Dhani Pay
Frequently Asked Questions about Dhani Pay
Dhani Pay was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Dhani Pay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sameer Gehlaut is the current CEO of Dhani Pay. They have also founded this company.
Dhani Pay is a funded company, having raised a total of $26.82M across 5 funding rounds to date. The company's 1st funding round was a Series C of $15M, raised on Mar 22, 2012.
As of Apr 02, 2024, the latest employee count at Dhani Pay is 5.
Annual revenue of Dhani Pay is $4.87M as on Mar 31, 2023.
Dhani Pay was founded in 2010 in Mumbai, India, within the fintech sector. Prepaid cards for online and offline transactions are offered, alongside UPI-based payments, mobile recharges, and bill payment services. Secure and quick payment setups are facilitated, with options for corporate expense management included. Customer support resources are made available to users across operations.
Dhani Pay has 13 investors. Key investors include Micromax Informatics, Bandhan Mutual Fund, Faering Capital, Nirvana Ventures Advisors, and Indiabulls Consumer Finance.
The valuation of Dhani Pay is $1.2M as of Mar 2019.