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. Dhani Pay operates in a competitive market with competitors including Paytm, PhonePe, MobiKwik, FreeCharge and MoneyGram, among others.
- Headquarter Mumbai, India
- Employees 5
- Founders Sameer Gehlaut
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website dhanipay.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Transerv Limited
- Date of Incorporation 24 Dec, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹4.16 Cr
FY 2025 · -87% YoY
- Net Loss-₹13.27 Cr
FY 2025 · -319% margin
- EBITDA-₹13.12 Cr
FY 2025 · -315% margin
- Total Equity Funding$26.82M (USD)
in 5 rounds
- Latest Funding Round$6.64M (USD), Series C
Apr 2019
- InvestorsMicromax Informatics
& 12 more
- Employee Count5
Associated legal entities of Dhani Pay
Dhani Pay operates through Transerv Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Transerv Limited CIN U93090MH2010PLC211328 | Active | 24 Dec 2010 | Mumbai, Maharashtra | ₹4.2 Cr | 5 | 6 | View details |
Apps and channels of Dhani Pay
its YouTube channel Indiabulls Securities has 172K subscribers and 26 videos.
Videos from Dhani Pay
The most watched videos on Dhani Pay's YouTube channel, Indiabulls Securities (172K subscribers). Click a video to play it here.
More on Indiabulls Securities.
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 $26.82M
- Total Rounds 5
- Last Round Series C — $6.64M
- First Round $1.44M
(Mar 2012)
- Investors Count 13
All 5 funding rounds of Dhani Pay 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 |
|---|---|---|---|---|---|
| Apr 2019 | $6.64M | Series C | – | Indiabulls Consumer Finance | – |
| Mar 2019 | $52,908 | Angel Round | $1.2M | Kiran Sidhu, Pravir Vohra | – |
| Mar 2016 | $15M | Series C | $35.48M | Faering Capital, Bandhan Mutual Fund | |
| Jul 2014 | $3.69M | Series B | $••••• | Faering Capital | |
| Mar 2012 | $1.44M | Series A | $••••• | Nirvana Ventures Advisors |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2019 | $1.2M | •••••••• |
| Mar 2016 | $35.48M | •••••••• |
| Jul 2014 | $••••• | •••••••• |
| Mar 2012 | $••••• | •••••••• |
Full valuation and stage history of Dhani Pay
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $1.2M (Mar 2019). 13 investors in total: 7 institutional and 6 angel.
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. | 2011 | nirvanaventures.in | Mumbai, India | |
Private equity firm managing investments in Indian sectors. | 2009 | faeringcapital.com | Mumbai, India | |
Delivers comprehensive solutions for consumer and business loans. | 2018 | indiabullsconsumerfinance.com | Gurugram, India | |
Manufacturer of consumer electronics and home appliances | 2000 | micromaxinfo.com | Gurugram, India | |
Online platform for investing in mutual funds | 2000 | bandhanmutual.com | Mumbai, India | |
- | – | riffi-holding.com | - | |
KS Kiran Sidhu | Angel investor and entrepreneur, focusing on early-stage Indian startups. | – | unknown_710ecbbf14ec4390a | - |
PV Pravir Vohra | - | – | unknown_83f442cda5c644e9b | - |
UC Usha Chaki | - | – | unknown_00fbd3f99bde412f9 | - |
AK Amit Kumar Gupta | Angel investor, founder of Fynd, focused on tech startups | – | unknown_fd53739e70754685a | - |
Investor details for Dhani Pay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Transerv Limited (Dhani Pay)
Transerv Limited is the primary company behind Dhani Pay. The board of Transerv Limited currently have 3 directors; the longest-serving is Akshay Kumar Tiwary, appointed in 2022. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Akshay Kumar Tiwary DIN 00366348 | Director | 28 Nov 2022 | 3 yrs 10 mo | Transerv Limited |
| Sanjeev Kashyap DIN 03405178 | Director | 31 Jan 2023 | 3 yrs 8 mo | Transerv Limited |
| Sidharth Vinod Nathani DIN 10040926 | CEO | 13 Feb 2023 | 3 yrs 7 mo | Transerv Limited |
People of Dhani Pay
1 people are tracked at Dhani Pay (1 in leadership); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
Sameer Gehlaut | Founder & CEO | Leadership |
Complete people profiles for Dhani Pay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Dhani Pay
Figures of Transerv Limited, the primary company behind Dhani Pay, for FY 2025. Revenue was ₹4.16 Cr (-87% year on year). Net loss was -₹13.27 Cr (-319% margin). EBITDA was -₹13.12 Cr (-315% margin). Revenue has grown at a compounded annual rate of -70% over three years and -42% over five years.
- ₹4.16 CrRevenue · FY 2025 · -87% YoY
- -₹13.27 CrNet loss · -319% margin
- -₹13.12 CrEBITDA · -315% margin
- ₹14.73 CrPaid-up capital
- 5Employees (provident fund records)
- -70%Revenue CAGR, 3 years
- -42%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Transerv Limited are on its company page.
Detailed financial statements for Dhani Pay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Dhani Pay
4 dated milestones of Dhani Pay across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Dhani Pay is founded.
- Funding First funding round of $1.4M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $6.6M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paytm.com | 2000 | Noida, India | $4.14B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| phonepe.com | 2012 | Bengaluru, India | $1.01B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| freecharge.in | 2010 | Gurugram, India | $116.92M | 1,762 | Digital wallet services for bill payments and recharges are facilitated. | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| one97.com | 2000 | Noida, India | – | 86 | Wallet-based payment solutions are provided for consumers and businesses. | |
| citruspay.com | 2011 | Mumbai, India | $32.5M | 160 | Online payment app for consumers and businesses | |
| ebixcash.com | 1989 | Noida, India | $35.29M | 1,799 | App-based money transfer and bill payment platform for individuals and businesses | |
| olamoney.com | 2015 | Bengaluru, India | $27.22M | 31 | Digital financial products and services are provided by OLA Money. |
Detailed competitors of Dhani Pay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Dhani Pay
The website of Dhani Pay (dhanipay.in) receives about 2.8K visits a month.
- Monthly visits2.8K
▲ 10% vs previous month
Websites whose visitors overlap most with Dhani Pay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dhaniloansandservices.com | 100% | – | #823,639 | View details | |
| dhani.com | 98% | 59.3K | #818,781 | View details | |
| shriramfinance.in | 81% | 2M | #27,025 | View details |
Latest news on Dhani Pay
Complete news archive for Dhani Pay
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Dhani Pay
10 companies that operate in the same segment as Dhani Pay (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 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 A of $1.44M, raised on Mar 2012.
Dhani Pay has 5 employees.
The primary company behind Dhani Pay, Transerv Limited, reported revenue of ₹4.16 Cr for FY 2025, down 87% year on year.
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.
Dhani Pay operates through Transerv Limited.
The legal entities of Dhani Pay currently have 5 directors, including Sidharth Vinod Nathani, Alka Malhotra, Akshay Kumar Tiwary and others.