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 as of April 09, 2024. 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 as on 09 Apr, 2024
- Stage Minicorn
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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 Digital India Payments Limited
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$43.57 K (USD)-74.28as on Mar 31, 2022
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Net Profit
$21.89 K (USD)1671.04as on Mar 31, 2022
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EBITDA
$5.15 K (USD)15.89as on Mar 31, 2022
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Total Equity Funding
$2.99 M (USD)
in 6 rounds
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Latest Funding Round
$810.15 K (USD), Seed
Sep 26, 2019
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Investors
IC1101
& 36 more
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Employee Count
11
as on Apr 09, 2024
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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.
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.
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Urban-tech startups are incubated by IC1101 in Newark.
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Investor details for Digital India Payments
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Investments & Acquisitions by Digital India Payments
Investment portfolio details for Digital India Payments
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- Transaction dates
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Financial Statements - Digital India Payments
Detailed financials for Digital India Payments
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Digital India Payments Comparisons
Peer comparison for Digital India Payments
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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.
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Loans for consumers and SMEs are provided alongside financial services.
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Digital financial and retail services are provided via agent networks.
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Provider of financial technology solutions for inclusive lending
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Digital payment and banking service provider in rural areas
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Digital payment and banking services are facilitated via retail partnerships.
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Technology solutions for banking and financial sectors are provided.
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Detailed competitors of Digital India Payments
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Latest news on Digital India Payments
Complete news archive for Digital India Payments
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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.
As of Apr 09, 2024, the latest employee count at Digital India Payments is 11.
Annual revenue of Digital India Payments is $43.57K as on Mar 31, 2022.
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.