About EnKash
EnKash is a Technology company based in Mumbai (India) founded in 2018 by Naveen Narendra Bindal, Hemant Vishnoi, and Yadvendra Singh Tyagi. Provider of a platform for business spend management and payment solutions. It operates in the Technology and Financial Services sectors. EnKash has raised $23.5 million across 3 funding rounds from investors including Axilor Ventures, Ascent Capital and Baring Private Equity Partners. The company has 136 employees. EnKash was last valued at $64.48 million in March 2022. Its website enkash.com draws about 67 thousand monthly visits. Its Indian entity Nehat Tech Solutions Private Limited reported revenue of ₹13.63 Cr. EnKash offers products and services including Payment Gateway, Expense Management, Corporate Credit Cards, Prepaid Cards, and Vouchers. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its competitors include Zaggle, Karbon and Happay; 3 of its 3 listed competitors have raised funding.
Company details
EnKash was founded in 2018 in Mumbai, India, within the fintech sector. A platform for business spend management and payment solutions is operated, encompassing tools for payment collection, vendor payments, expense tracking, and corporate cards. Expense management is enabled across departments, supported by prepaid cards for diverse applications and rewards programs. APIs, integrations, workflow management, and analytics are supplied to handle financial operations.
- Headquarters Mumbai, India
- Employees 136
- Founders Naveen Narendra Bindal, Hemant Vishnoi, Yadvendra Singh Tyagi
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website enkash.com
- Social LinkedIn X Facebook Instagram
- Legal Name Nehat Tech Solutions Private Limited
- Date of Incorporation 20 Apr, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13.63 Cr
FY 2026 · +313% YoY
- Net Loss-₹9.07 Cr
FY 2026 · -3% margin
- EBITDA-₹9.01 Cr
FY 2026 · -3% margin
- Total Equity Funding$23.5M (USD)
in 3 rounds
- Latest Funding Round$20M (USD), Series B
Mar 2022
- InvestorsAxilor Ventures
& 4 more
- Employee Count136
Associated legal entities of EnKash
EnKash is associated with 2 registered companies on The Company Check; the primary company is Nehat Tech Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nehat Tech Solutions Private Limited CIN U62099MH2017PTC294100 | Active | 20 Apr 2017 | Mumbai, Maharashtra | ₹13.6 Cr | 136 | 5 | View details |
| Nehat Tech Solutions Private Limited CIN U67100MH2017PTC294100 | 20 Apr 2017 | Mumbai, Maharashtra, India | View details |
Products & Services of EnKash
EnKash offers a comprehensive portfolio of products and services, including Payment Gateway, Expense Management, Corporate Credit Cards, Prepaid Cards, and Vouchers.
Gateway for collecting payments via cards, UPI, and net banking.
System to track and optimize business expenses across departments.
Customized cards for enhancing cash flow and expense control.
Cards for specific uses like meals and travel with spending limits.
Options for brand vouchers to support gifting and incentives.
Platform for recognizing employees and partners through rewards.
Funding Insights of EnKash
EnKash has successfully raised a total of $23.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in March 2022. 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 $23.5M
- Total Rounds 3
- Last Round Series B — $20M
- First Round $500,000
(Oct 2018)
- Investors Count 5
All 3 funding rounds of EnKash 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 |
|---|---|---|---|---|---|
| Mar 2022 | $20M | Series B | $64.48M | White Venture Capital, Baring Private Equity Partners | |
| Apr 2019 | $3M | Series A | $7.21M | Mayfield | |
| Oct 2018 | $500,000 | Seed | $••••• | Axilor Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $64.48M | •••••••• |
| Apr 2019 | $7.21M | •••••••• |
| Oct 2018 | $••••• | •••••••• |
Full valuation and stage history of EnKash
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Last known valuation $64.48M (Mar 2022). 5 investors in total: 5 institutional.
Investors in EnKash
EnKash has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Axilor Ventures, Ascent Capital and Baring Private Equity Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on fintech startups | whiteventurecap.com | Singapore, Singapore | ||
Private equity firm focusing on buyouts and investments in multiple sectors | 1998 | bpepindia.com | Mumbai, India | |
AscentCapital is engaged in potato farming, grain marketing, and equipment services in Maine. | 2000 | ascentcapital.in | Bengaluru, India | |
Mayfield is focused on AI innovation and venture capital investments. | mayfield.com | Menlo Park, United States | ||
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India |
Investor details for EnKash
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Board of directors of Nehat Tech Solutions Private Limited (EnKash)
Nehat Tech Solutions Private Limited is the primary company behind EnKash. The board of Nehat Tech Solutions Private Limited currently have 5 directors; the longest-serving is Hemant Vishnoi, appointed in 2018. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hemant Vishnoi DIN 07243134 | Whole-time director | 22 Oct 2018 | 8 yrs | Nehat Tech Solutions Private Limited |
| Yadvendra Singh Tyagi DIN 07499051 | Whole-time director | 22 Oct 2018 | 8 yrs | Nehat Tech Solutions Private Limited |
| Naveen Narendra Bindal DIN 07774933 | Whole-time director | 22 Oct 2018 | 8 yrs | Nehat Tech Solutions Private Limited |
| Subhasis Majumder DIN 02069428 | Nominee Director | 30 Mar 2022 | 4 yrs 7 mo | Nehat Tech Solutions Private Limited |
| Vikram Suhas Godse DIN 00230548 | Nominee Director | 06 May 2022 | 4 yrs 6 mo | Nehat Tech Solutions Private Limited |
People of EnKash
33 people are tracked at EnKash (15 in leadership, 18 in team); the tracked headcount is 136.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Hitesh Jain | Director, Credit & Risk Management | Leadership |
Ankur Gupta | Director, Engineering | Leadership |
Nagesh Shet | Head, Finance | Leadership |
Dhruvi Kapoor | Associate Director- Growth Operations | Leadership |
Martin Arockiaraj | Associate Director, Product & Technology | Leadership |
Vijayanand Srinivasan | Director, Product | Leadership |
| Founder | Leadership | |
| Founder | Leadership | |
Raman Preet Arora | NSM & Associate Director- Corporate Cards | Leadership |
Mukesh Kumar Singh | Head Of Risk & Compliance(principal Officer/mlro) | Leadership |
Ca Kapil Paryani | Associate Director Of Finance | Leadership |
Anjali Tiwari | Director - Corporate Acquisition | Leadership |
Anurag Soni | Senior Software Engineer | Team |
Kartik Kalia | Senior Software Engineer | Team |
Yash Garg | Backend Engineer | Team |
Uma Nawlani | Lead Software Quality Assurance Engineer | Team |
Anay Nagar | Senior Software Engineer | Team |
13 more people are available in the full profile.
Complete people profiles for EnKash
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Financials of EnKash
Figures of Nehat Tech Solutions Private Limited, the primary company behind EnKash, for FY 2026. Revenue was ₹13.63 Cr (+313% year on year). Net loss was -₹9.07 Cr (-3% margin). EBITDA was -₹9.01 Cr (-3% margin). Revenue has grown at a compounded annual rate of +18% over three years and 0% over five years.
- ₹13.63 CrRevenue · FY 2026 · +313% YoY
- -₹9.07 CrNet loss · -3% margin
- -₹9.01 CrEBITDA · -3% margin
- ₹16.5 LakhPaid-up capital
- 136Employees (provident fund records)
- +18%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nehat Tech Solutions Private Limited are on its company page.
Detailed financial statements for EnKash
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Timeline of EnKash
4 dated milestones of EnKash across 4 years, from founding to its latest funding, stage changes and deals.
- Founded EnKash is founded.
- Funding First funding round of $500K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $20.0M.
Competitors of EnKash
EnKash has 3 listed competitors in our database, 3 of them funded. They include Zaggle, Karbon and Happay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zaggle.in | 2011 | Hyderabad, India | $13.75M | 440 | Business spends, payments, and rewards are streamlined by automated workflows. | |
| karboncard.com | 2019 | Bengaluru, India | $30.2M | 142 | International payment and corporate expense solutions are offered to businesses. | |
| happay.com | 2012 | Bengaluru, India | $22.35M | 225 | Expense management software and corporate cards are offered to businesses. |
Detailed competitors of EnKash
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Web traffic of EnKash
The website of EnKash (enkash.com) receives about 67.3K visits a month.
- Monthly visits67.3K
▲ 1.1% vs previous month
Websites whose visitors overlap most with EnKash. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| upigateway.com | 100% | #225,073 | View details | ||
payg.in | payg.in | 97% | #1,433,849 | – | |
| easebuzz.in | 96% | 4.8M | #13,674 | View details | |
| bharatupi.com | 96% | #1,434,258 | View details | ||
| volopay.com | 93% | 120.7K | #338,119 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for EnKash
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Related news about Enkash
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Frequently Asked Questions about EnKash
EnKash was founded in 2018.
EnKash is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
EnKash is a funded company, having raised a total of $23.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Oct 2018.
EnKash has 136 employees.
The primary company behind EnKash, Nehat Tech Solutions Private Limited, reported revenue of ₹13.63 Cr for FY 2026, up 313% year on year.
EnKash was founded in 2018 in Mumbai, India, within the fintech sector. A platform for business spend management and payment solutions is operated, encompassing tools for payment collection, vendor payments, expense tracking, and corporate cards. Expense management is enabled across departments, supported by prepaid cards for diverse applications and rewards programs. APIs, integrations, workflow management, and analytics are supplied to handle financial operations.
EnKash offers Payment Gateway, Expense Management, Corporate Credit Cards, Prepaid Cards, and 2 more products and services.
EnKash has 5 investors. Key investors include Axilor Ventures, Ascent Capital, Baring Private Equity Partners, White Venture Capital, and Mayfield.
The valuation of EnKash is $64.48M as of Mar 2022.
EnKash operates through Nehat Tech Solutions Private Limited.
The legal entities of EnKash currently have 5 directors, including Vikram Suhas Godse, Hemant Vishnoi, Yadvendra Singh Tyagi and others.