About Drona Pay
Drona Pay is an Industrial Goods & Manufacturing company based in Mumbai (India) founded in 2021 by Sukhdev Sinh Zala, Satish Kashyap, and Pallavi Narvekar. Cloud based financial fraud solution provider. It operates in the Industrial Goods & Manufacturing, Financial Services, and Technology sectors. Drona Pay has raised $500 thousand across 1 funding round from investors including Credit Saison India, VCAPL and QED Innovation. The company has 1 employees. Drona Pay was last valued at $3.21 million in November 2021. Its chief executive, as recorded, is Satish Kashyap. Its Indian entity Drona Pay Private Limited reported revenue of ₹4.76 Cr. Drona Pay offers products and services including Fraud & Scam Prevention, Behavioural Biometrics, Data Analytics Platform, Anti Money Laundering, and Claims Decisioning. Its focus areas include Enterprise Infrastructure, Cybersecurity, Anti Fraud and Financial Fraud.
Company details
Drona Pay was established in 2021 in Mumbai, India, within the fintech sector. A cloud-based platform is operated to support financial institutions in countering fraud attempts. Machine learning models integrated with diverse data sets are applied to detect and mitigate risks in payment processing and lending activities. Operations focus on real-time fraud prevention across digital financial transactions.
- Headquarters Mumbai, India
- Employees 1
- Founders Sukhdev Sinh Zala, Satish Kashyap, Pallavi Narvekar
- Stage Minicorn
- SectorsIndustrial Goods & ManufacturingFinancial Services Technology
- Website dronapay.com
- Social LinkedIn X
- Legal Name Drona Pay Private Limited
- Date of Incorporation 04 Aug, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹4.76 Cr
FY 2024 · +250% YoY
- Net Profit₹25.8 Lakh
FY 2024 · 5% margin
- EBITDA₹27.5 Lakh
FY 2024 · 6% margin
- Total Equity Funding$500K (USD)
in 1 rounds
- Latest Funding Round$500K (USD), Seed
Nov 2021
- InvestorsCredit Saison India
& 9 more
- Employee Count1
Associated legal entities of Drona Pay
Drona Pay operates through Drona Pay 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 |
|---|---|---|---|---|---|---|---|
| Drona Pay Private Limited CIN U72900MH2021PTC365280 | Active | 04 Aug 2021 | Mumbai, Maharashtra | ₹4.8 Cr | 2 | View details |
Products & Services of Drona Pay
Drona Pay offers a comprehensive portfolio of products and services, including Fraud & Scam Prevention, Behavioural Biometrics, Data Analytics Platform, Anti Money Laundering, and Claims Decisioning.
Monitors transactions to detect and prevent frauds in real-time.
Analyzes patterns to identify bots and remote access threats.
Integrates systems for customer profiles and early warning alerts.
Monitors typologies to assist in SAR and STR filing.
Facilitates automated adjudication and fraud prevention in claims.
Funding Insights of Drona Pay
Drona Pay has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in November 2021. 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 $500,000
- Total Rounds 1
- Last Round Seed — $500,000
- First Round $500,000
(Nov 2021)
- Investors Count 10
All 1 funding rounds of Drona 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 |
|---|---|---|---|---|---|
| Nov 2021 | $500,000 | Seed | $3.21M | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2021 | $3.21M | •••••••• |
Last known valuation $3.21M (Nov 2021). 10 investors in total: 4 institutional and 6 angel.
Investors in Drona Pay
Drona Pay has secured backing from 10 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Credit Saison India, VCAPL and QED Innovation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on pre-seed to series B stage companies | saisoncapital.com | Singapore, Singapore | ||
Financial services including portfolio management, alternative investments, and offshore products for high net-worth individuals and institutions. | 1990 | varaniumgroup.com | Mumbai, India | |
Credit Saison India is engaged in providing diverse lending solutions. | 2019 | creditsaison.in | Bengaluru, India | |
Innovative activities are conducted by QED Innovation in India. | qed-innovations.com | India | ||
KS Kunal Shah | Founder of CRED, serial entrepreneur, and prominent Indian angel investor | unknown_27d239d439884524a | ||
JG Jitendra Gupta | Founder of Jupiter, ex-Citrus Pay, prominent fintech angel investor | unknown_a99c4347d6b8417eb | ||
AR Amrish Rau | CEO of Pine Labs, fintech leader, active angel investor | unknown_7fad4ce9ec284e479 | ||
GS George Sam Kavalakhskal | unknown_8211f47c09724e6c9 | |||
GM Guhan Muthuswamy | unknown_f3f946e545f94d169 | |||
GM Guhan Muthuswamy | unknown_1692eadf13c5475b8 |
Investor details for Drona Pay
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Board of directors of Drona Pay Private Limited (Drona Pay)
Drona Pay Private Limited is the primary company behind Drona Pay. The board of Drona Pay Private Limited currently have 2 directors; the longest-serving is Pallavi Chandrakant Narvekar, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pallavi Chandrakant Narvekar DIN 06852850 | Director | 04 Aug 2021 | 5 yrs 2 mo | Drona Pay Private Limited |
| Satish Venkat Kashyap DIN 02786545 | Director | 04 Aug 2021 | 5 yrs 2 mo | Drona Pay Private Limited |
People of Drona Pay
5 people are tracked at Drona Pay (4 in leadership, 1 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Sukhdev Sinh Zala | Co-Founder & CDO | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Pravin Pillai | Chief Operating Officer | Leadership |
Udit Sharma | Applications And Devops Engineer | Team |
Complete people profiles for Drona Pay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Drona Pay
Figures of Drona Pay Private Limited, the primary company behind Drona Pay, for FY 2024. Revenue was ₹4.76 Cr (+250% year on year). Net profit was ₹25.8 Lakh (5% margin). EBITDA was ₹27.5 Lakh (6% margin).
- ₹4.76 CrRevenue · FY 2024 · +250% YoY
- ₹25.8 LakhNet profit · 5% margin
- ₹27.5 LakhEBITDA · 6% margin
- ₹2.5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Drona Pay Private Limited are on its company page.
Detailed financial statements for Drona Pay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Drona Pay
3 dated milestones of Drona Pay, from founding to its latest funding, stage changes and deals.
- Founded Drona Pay is founded.
- Funding First funding round of $500K.
- Milestone Reaches Minicorn status.
Web traffic of Drona Pay
The website of Drona Pay (dronapay.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 15.2% vs previous month
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Related news about Drona Pay
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Frequently Asked Questions about Drona Pay
Drona Pay was founded in 2021.
Drona Pay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Satish Kashyap is the CEO of Drona Pay, as recorded in our data. They have also founded this company.
Drona Pay is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Nov 2021.
Drona Pay has 1 employees.
The primary company behind Drona Pay, Drona Pay Private Limited, reported revenue of ₹4.76 Cr for FY 2024, up 250% year on year.
Drona Pay was established in 2021 in Mumbai, India, within the fintech sector. A cloud-based platform is operated to support financial institutions in countering fraud attempts. Machine learning models integrated with diverse data sets are applied to detect and mitigate risks in payment processing and lending activities. Operations focus on real-time fraud prevention across digital financial transactions.
Drona Pay offers Fraud & Scam Prevention, Behavioural Biometrics, Data Analytics Platform, Anti Money Laundering, and Claims Decisioning.
Drona Pay has 10 investors. Key investors include Credit Saison India, VCAPL, QED Innovation, Kunal Shah, and Jitendra Gupta.
The valuation of Drona Pay is $3.21M as of Nov 2021.
Drona Pay operates through Drona Pay Private Limited.
The legal entities of Drona Pay currently have 2 directors, including Pallavi Chandrakant Narvekar, Satish Venkat Kashyap.