About Digital India Payments
Digital India Payments is a company based in Mumbai (India) founded in 2013. Digital India Payments has raised $2.99 million across 6 funding rounds from investors including IC1101, Chemi-pharmex and S Ranjeeta Vinil. The company has 11 employees. Digital India Payments offers products and services including AEPS, DMT, Pre-Paid Cards, Bharat Bill Payment, and IRCTC Bookings. Digital India Payments operates in a competitive market with competitors including Dvara KGFS, Pay Point India, Kaleidofin, Spice Money and PayNearby, among others.
- Headquarter Mumbai, India
- Employees 11
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website digitalindiapayments.com
- Social LinkedIn Facebook
- Legal Name Digital India Payments Limited
- Date of Incorporation 13 Nov, 2013
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹65,784
FY 2024 · -99% YoY
- Net Loss-₹1.6 Lakh
FY 2024 · -244% margin
- EBITDA-₹1.6 Lakh
FY 2024 · -244% margin
- Total Equity Funding$2.99M (USD)
in 6 rounds
- Latest Funding Round$810.15K (USD), Seed
Sep 2019
- InvestorsIC1101
& 36 more
- Employee Count11
Associated legal entities of Digital India Payments
Digital India Payments is associated with 2 registered companies on The Company Check; the primary company is Digital India Payments Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Digital India Payments Limited CIN U72200MH2013PLC250051 | Active | 13 Nov 2013 | Thane, Maharashtra | ₹0.0 Cr | 11 | 5 | View details |
| Digital India Wallet Private Limited CIN U74120MH2016PTC271976 | Active | 12 Jan 2016 | Mumbai, Maharashtra | – | – | 3 | View details |
Products & Services of Digital India Payments
Digital India Payments offers a comprehensive portfolio of products and services, including AEPS, DMT, Pre-Paid Cards, Bharat Bill Payment, and IRCTC Bookings.
Enables banking via Aadhaar for withdrawals and balance checks.
Facilitates cash transfers to bank accounts across India.
Offers cards for corporate and individual payment needs.
Allows integrated bill payments through agents.
Handles train ticket bookings and status checks.
Funding Insights of Digital India Payments
Digital India Payments has successfully raised a total of $2.99M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $810.15 thousand completed in September 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 $2.99M
- Total Rounds 6
- Last Round Seed — $810,146
- First Round $32,165
(Feb 2016)
- Investors Count 37
All 6 funding rounds of Digital India Payments 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 |
|---|---|---|---|---|---|
| Sep 2019 | $810,146 | Seed | – | IC1101 | – |
| May 2019 | $495,996 | Seed | $2.91M | Mayank Sinha, Mayank Sinha | |
| Apr 2018 | $762,142 | Seed | $16.3M | Nihar Dave | |
| Jan 2017 | $677,361 | Seed | $••••• | Ameet Parikh | |
| Apr 2016 | $213,804 | Seed | $••••• | Bhavesh Mehta, Dixit Mehta | |
| Feb 2016 | $32,165 | Angel Round | $••••• | Rani |
| Date | Valuation | Stage |
|---|---|---|
| May 2019 | $2.91M | •••••••• |
| Apr 2018 | $16.3M | •••••••• |
| Jan 2017 | $••••• | •••••••• |
| Apr 2016 | $••••• | •••••••• |
| Feb 2016 | $••••• | •••••••• |
Full valuation and stage history of Digital India Payments
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 $2.91M (May 2019). 37 investors in total: 4 institutional and 33 angel.
Investors in Digital India Payments
Digital India Payments has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IC1101, Chemi-pharmex and S Ranjeeta Vinil.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Urban-tech startups are incubated by IC1101 in Newark. | – | ic1101inc.com | Newark, United States | |
- | – | chemipharmex.tcc.mode | - | |
- | – | wedgewoodholdings.tcc.mode | - | |
Long/short equity strategies are employed by Heritage India hedge fund. | – | heritageindia.co.in | Mumbai, India | |
SR S Ranjeeta Vinil | - | – | unknown_a927d18d2c0b4c65b | - |
RM Roshan Mangilal Jain | - | – | unknown_c5d67efdf38b48bd9 | - |
MS Mayank Sinha | Angel investor and tech leader, ex-Google, focused on Indian startups | – | unknown_da7e54ae7baf480bb | - |
ES Elluru Sandhya | - | – | unknown_4ab623b4a895441eb | - |
MC Malavika Chandrasekharan Nair | - | – | unknown_228f8fed484643148 | - |
SC Sudha C | - | – | unknown_5899bbd04c4e4fbca | - |
Investor details for Digital India Payments
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Digital India Payments Limited (Digital India Payments)
Digital India Payments Limited is the primary company behind Digital India Payments. The boards of the 2 registered companies of Digital India Payments currently have 7 directors; the longest-serving is Niranjan Dandey, appointed in 2015. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niranjan Dandey DIN 07293025 | Director | 12 Oct 2015 | 11 yrs | Digital India Payments Limited, Digital India Wallet Private Limited |
| Mayank Sinha DIN 08650796 | Director | 28 Dec 2019 | 6 yrs 9 mo | Digital India Payments Limited |
| Kumarpal Jain DIN 06790552 | Director | 02 Feb 2021 | 5 yrs 8 mo | Digital India Wallet Private Limited |
| Nikita Jain DIN 06790659 | Director | 02 Feb 2021 | 5 yrs 8 mo | Digital India Wallet Private Limited |
| Shashikant Pandey DIN 10081062 | Director | 25 Mar 2023 | 3 yrs 6 mo | Digital India Payments Limited |
| Surya Kant Pandey DIN 10081070 | Director | 25 Mar 2023 | 3 yrs 6 mo | Digital India Payments Limited |
| Raushan Kumar Pandey DIN 10081716 | Director | 25 Mar 2023 | 3 yrs 6 mo | Digital India Payments Limited |
People of Digital India Payments
4 people are tracked at Digital India Payments (2 in leadership, 2 in team); the tracked headcount is 11.
| Name | Role | Group |
|---|---|---|
Sk Sabir | Co-Chief Executive Officer | Leadership |
Saibal Sen | Head - Product And Business Development | Leadership |
Rekha Reddy | HR Manager | Team |
Jeriousha Doyle | Recruiter | Team |
Complete people profiles for Digital India Payments
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Digital India Payments
Figures of Digital India Payments Limited, the primary company behind Digital India Payments, for FY 2024. Revenue was ₹65,784 (-99% year on year). Net loss was -₹1.6 Lakh (-244% margin). EBITDA was -₹1.6 Lakh (-244% margin). Revenue has grown at a compounded annual rate of -83% over three years and -78% over five years.
- ₹65,784Revenue · FY 2024 · -99% YoY
- -₹1.6 LakhNet loss · -244% margin
- -₹1.6 LakhEBITDA · -244% margin
- ₹7.9 LakhPaid-up capital
- 11Employees (provident fund records)
- -83%Revenue CAGR, 3 years
- -78%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Digital India Payments Limited are on its company page.
Detailed financial statements for Digital India Payments
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 Digital India Payments
4 dated milestones of Digital India Payments across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Digital India Payments is founded.
- Funding First funding round of $32K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $810K.
Competitors of Digital India Payments
Digital India Payments 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 Dvara KGFS, Pay Point India, Kaleidofin, Spice Money and PayNearby, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| paypointindia.com | 2007 | Mumbai, India | $7.74M | 346 | Digital financial and retail services are provided via agent networks. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending | |
| spicemoney.com | 2000 | Noida, India | $15.42M | 1,164 | Digital payment and banking service provider in rural areas | |
| paynearby.in | 2016 | Mumbai, India | $3.95M | 837 | Digital payment and banking services are facilitated via retail partnerships. | |
| finopaytech.com | 2006 | Mumbai, India | $176.53M | 20 | Technology solutions for banking and financial sectors are provided. | |
| suvidhaa.com | 2007 | Mumbai, India | $37.8M | 15 | Tech-enabled financial and e-commerce services are delivered via retail outlets. | |
| subk.co.in | 2010 | Hyderabad, India | $22.51M | 1,738 | Provider of digital financial services for underserved populations |
Detailed competitors of Digital India Payments
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Digital India Payments
Websites that share an audience with Digital India Payments (digitalindiapayments.com).
Websites whose visitors overlap most with Digital India Payments. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
money.tripborn.com | money.tripborn.com | 100% | – | #3,607,324 | – |
| mobisafar.com | 86% | 620.4K | #82,320 | View details | |
| mos-world.com | 44% | 44.7K | #554,757 | View details | |
thecrazypay.com | thecrazypay.com | 31% | – | – | – |
mjpay.in | mjpay.in | 31% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Digital India Payments
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 18 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Latest news on Digital India Payments
Complete news archive for Digital India Payments
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Digital India Payments
10 companies that operate in the same segment as Digital India Payments (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Digital India Payments
Digital India Payments was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Digital India Payments is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Digital India Payments is a funded company, having raised a total of $2.99M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $32.17K, raised on Feb 2016.
Digital India Payments has 11 employees.
The primary company behind Digital India Payments, Digital India Payments Limited, reported revenue of ₹65,784 for FY 2024, down 99% year on year.
Founded in 2013 and based in Mumbai, India, the company operates in the financial technology sector. A platform is maintained for handling domestic money transfers, Aadhaar-enabled payments, prepaid card solutions, bill payments, and Indo-Nepal remittances. Additional services such as IRCTC ticket bookings are facilitated, supporting banking, mobile, and e-commerce transactions across the region.
Digital India Payments's top competitors include Pay Point India, Spice Money and Kaleidofin.
Digital India Payments offers AEPS, DMT, Pre-Paid Cards, Bharat Bill Payment, and IRCTC Bookings.
Digital India Payments has 37 investors. Key investors include IC1101, Chemi-pharmex, S Ranjeeta Vinil, Roshan Mangilal Jain, and Mayank Sinha.
The valuation of Digital India Payments is $2.91M as of May 2019.
Digital India Payments is associated with 2 legal entities: Digital India Payments Limited, Digital India Wallet Private Limited.
The legal entities of Digital India Payments currently have 7 directors, including Mayank Sinha, Shashikant Pandey, Surya Kant Pandey and others.