About ePayLater
ePayLater is a Financial Services company based in Mumbai (India) founded in 2015 by Aurko Bhattacharya, Uday Somayajula, and Shanmuhanathan Thiagaraja. Digital credit is extended to SMEs for deferred inventory payments. ePayLater has raised $18.09 million across 6 funding rounds from investors including ICICI Bank, Mirae Asset and responsAbility. The company has 75 employees. ePayLater was last valued at $44.65 million in August 2021. Its chief executive, as recorded, is Aurko Bhattacharya. Its Indian entity Arthashastra Fintech Private Limited reported revenue of ₹16.45 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Vivriti Capital, Finnov and Market Finance India; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2015 and based in Mumbai, India, ePayLater operates as a digital credit platform in the fintech sector. Credit solutions are provided to small and medium enterprises, allowing inventory purchases from partner merchants and suppliers with delayed payment options. Transactions are facilitated across multiple sales channels, supporting retailers and Kirana store owners in securing products upfront while ensuring a controlled payment environment.
- Headquarters Mumbai, India
- Employees 75
- Founders Aurko Bhattacharya, Uday Somayajula, Shanmuhanathan Thiagaraja
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website epaylater.in
- Social LinkedIn X Facebook Instagram
- Legal Name Arthashastra Fintech Private Limited
- Date of Incorporation 01 Dec, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹16.45 Cr
FY 2025 · +11% YoY
- Net Loss-₹19.67 Cr
FY 2025 · -120% margin
- EBITDA-₹15.30 Cr
FY 2025 · -93% margin
- Total Equity Funding$18.09M (USD)
in 6 rounds
- Latest Funding Round$10M (USD), Series A
Aug 2021
- InvestorsICICI Bank
& 27 more
- Employee Count75
Associated legal entities of ePayLater
ePayLater is associated with 2 registered companies on The Company Check; the primary company is Arthashastra Fintech Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Arthashastra Fintech Private Limited CIN U74110MH2015PTC270609 | Active | 01 Dec 2015 | Mumbai, Maharashtra | ₹16.4 Cr | 75 | 4 | View details |
| Arthashastra Epaylater Financial Private Limited CIN U65999HR2019PTC078016 | Active | 21 Jan 2019 | Gurgaon, Haryana | ₹5.9 Cr | 3 | 4 | View details |
Funding Insights of ePayLater
ePayLater has successfully raised a total of $18.09M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in August 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 $18.09M
- Total Rounds 6
- Last Round Series A — $10M
- First Round $2.04M
(Apr 2016)
- Investors Count 28
All 6 funding rounds of ePayLater 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 |
|---|---|---|---|---|---|
| Aug 2021 | $10M | Series A | $44.65M | responsAbility, Blue Ashva Capital | |
| Apr 2021 | $66,650 | Angel Round | $13.98M | – | |
| Jan 2021 | $2.46M | Seed | $••••• | Pravega Ventures | |
| Aug 2020 | Grant | – | – | ||
| Sep 2018 | $3.52M | Seed | $••••• | ICICI Bank | |
| Apr 2016 | $2.04M | Angel Round | $••••• | Keyur Deepak Nagori, Jyothy Palat | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $44.65M | •••••••• |
| Apr 2021 | $13.98M | •••••••• |
| Jan 2021 | $••••• | •••••••• |
| Sep 2018 | $••••• | •••••••• |
| Apr 2016 | $••••• | •••••••• |
Full valuation and stage history of ePayLater
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $44.65M (Aug 2021). 28 investors in total: 12 institutional and 16 angel.
Investors in ePayLater
ePayLater has secured backing from 28 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include ICICI Bank, Mirae Asset and responsAbility.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | 2003 | responsability.com | Zurich, Switzerland | |
Investment and incubation services in innovative and sustainable sectors. | 2019 | blueashvacapital.com | Singapore, Singapore | |
Financial services, strategic advisory, and partnerships in investments. | pravegavc.com | Bengaluru, India | ||
Venture capital firm focused on blockchain markets | vcathena.com | Singapore, Singapore | ||
Private equity investments are directed toward multiple sectors. | devakarinvestmentandtrading.tcc.mode | Ludhiana, India | ||
Mirae Asset is engaged in mutual fund and asset management services. | 1997 | miraeassetmf.co.in | Mumbai, India | |
Promotion of innovation and digital services in Maharashtra. | 2017 | msins.in | Mumbai, India | |
Diversified investment management firm | 2005 | patniadvisors.com | Mumbai, India | |
Venture capital firm focused on seed-stage investments | parekhmarketing.tcc.mode | Mumbai, India | ||
Commercial bank | 1994 | icicibank.com | Mumbai, India |
Investor details for ePayLater
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Arthashastra Fintech Private Limited (ePayLater)
Arthashastra Fintech Private Limited is the primary company behind ePayLater. The boards of the 2 registered companies of ePayLater currently have 7 directors; the longest-serving is Aurko Bhattacharya, appointed in 2019. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aurko Bhattacharya DIN 07301965 | Director | 21 Jan 2019 | 7 yrs 9 mo | Arthashastra Epaylater Financial Private Limited, Arthashastra Fintech Private Limited |
| Stefan Niels Van Den Berg DIN 08544688 | Director | 31 Aug 2019 | 7 yrs 1 mo | Arthashastra Fintech Private Limited |
| Anupam Agarwal DIN 07174266 | Director | 21 Oct 2020 | 6 yrs | Arthashastra Fintech Private Limited |
| Akshay Dua DIN 03144843 | Nominee Director | 23 Oct 2021 | 5 yrs | Arthashastra Fintech Private Limited |
| Nikhil Kulkarni DIN 07443303 | Director | 24 Mar 2025 | 1 yr 7 mo | Arthashastra Epaylater Financial Private Limited |
| Nitin Chaudhary DIN 02800113 | Additional Director | 26 Nov 2025 | 11 mo | Arthashastra Epaylater Financial Private Limited |
| Himanshu Kabra DIN 11019031 | Additional Director | 26 Nov 2025 | 11 mo | Arthashastra Epaylater Financial Private Limited |
People of ePayLater
18 people are tracked at ePayLater (6 in leadership, 12 in team); the tracked headcount is 75.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Shanmuhanathan Thiagaraja | Co-Founder | Leadership |
Ishan Kajaria | Chief Business Officer | Leadership |
| Chief Financial Officer, Head Strategy | Leadership | |
Debabrata Gharah | VP Engineering | Leadership |
Nand Kishor | Senior Product Manager | Team |
Aditya Tiwari | Business Manager | Team |
Anurag Siddharth | Key Account Manager | Team |
Shailesh Kumar Gupta | Ui/ux Manager | Team |
Sayed Asif Belagavi | FSO | Team |
Manthan Shettigar | Data Analyst | Team |
Abhinash Singh | Tech Lead | Team |
Naseem Khan | Settlement Manager | Team |
Abhishek Nigam | QA Lead | Team |
Jayalakshmi Kaundar | Client Services Coordinator | Team |
Kapil Joshi | Technical Lead | Team |
Kalpana Suthar | HR Manager | Team |
Complete people profiles for ePayLater
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Financials of ePayLater
Figures of Arthashastra Fintech Private Limited, the primary company behind ePayLater, for FY 2025. Revenue was ₹16.45 Cr (+11% year on year). Net loss was -₹19.67 Cr (-120% margin). EBITDA was -₹15.30 Cr (-93% margin). Revenue has grown at a compounded annual rate of +22% over three years and +21% over five years.
- ₹16.45 CrRevenue · FY 2025 · +11% YoY
- -₹19.67 CrNet loss · -120% margin
- -₹15.30 CrEBITDA · -93% margin
- ₹5.9 LakhPaid-up capital
- 75Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Arthashastra Fintech Private Limited are on its company page.
Detailed financial statements for ePayLater
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 ePayLater
4 dated milestones of ePayLater across 6 years, from founding to its latest funding, stage changes and deals.
- Founded ePayLater is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $10.0M.
Competitors of ePayLater
ePayLater has 3 listed competitors in our database, 2 of them funded. They include Vivriti Capital, Finnov and Market Finance India.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vivriticapital.com | 2017 | Chennai, India | $205.2M | 704 | Debt financing solutions are provided to mid-market enterprises. | |
| finnov.in | 2017 | Gurugram, India | $145M | Operates a digital marketplace for business loans to facilitate financing. | ||
| marketfinance.co.in | 2015 | Bengaluru, India | Operates a digital marketplace for business term loans to facilitate easy access. |
Detailed competitors of ePayLater
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 ePayLater
The website of ePayLater (epaylater.in) receives about 4.8K visits a month.
- Monthly visits4.8K
▲ 96.7% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as ePayLater (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Epaylater
Complete news archive for ePayLater
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Frequently Asked Questions about ePayLater
ePayLater was founded in 2015 and raised its 1st funding round 1 year after it was founded.
ePayLater is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Aurko Bhattacharya is the CEO of ePayLater, as recorded in our data. They have also founded this company.
ePayLater is a funded company, having raised a total of $18.09M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $2.04M, raised on Apr 2016.
ePayLater has 75 employees.
The primary company behind ePayLater, Arthashastra Fintech Private Limited, reported revenue of ₹16.45 Cr for FY 2025, up 11% year on year.
Founded in 2015 and based in Mumbai, India, ePayLater operates as a digital credit platform in the fintech sector. Credit solutions are provided to small and medium enterprises, allowing inventory purchases from partner merchants and suppliers with delayed payment options. Transactions are facilitated across multiple sales channels, supporting retailers and Kirana store owners in securing products upfront while ensuring a controlled payment environment.
ePayLater's top competitors include Vivriti Capital, Finnov and Market Finance India.
ePayLater has 28 investors. Key investors include ICICI Bank, Mirae Asset, responsAbility, Pravega Ventures, and GMO Internet.
The valuation of ePayLater is $44.65M as of Aug 2021.
ePayLater is associated with 2 legal entities: Arthashastra Fintech Private Limited, Arthashastra Epaylater Financial Private Limited.
The legal entities of ePayLater currently have 7 directors, including Nitin Chaudhary, Nikhil Kulkarni, Aurko Bhattacharya and others.