About Ezetap
Ezetap is a company based in Bengaluru (India) founded in 2011 by Shripati Acharya was acquired by Razorpay in August 2022.. Ezetap has raised $66.4 million across 7 funding rounds from investors including Razorpay, Social Capital and ValueLabs. The company has 529 employees as of April 08, 2024. Ezetap has completed 2 acquisitions, including Clink and FortunePay. Ezetap offers products and services including POS Machine, mPOS App, and Payment SDKs. Ezetap operates in a competitive market with competitors including Square, SpotOn, Clover, Clip and ShopKeep, among others.
- Headquarter Bengaluru, India
- Employees 529 as on 08 Apr, 2024
- Founders Shripati Acharya
- Stage Minicorn
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Sectors
RetailFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ezetap Mobile Solutions Private Limited
- Date of Incorporation 05 Aug, 2011
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$21.28 M (USD)11.18as on Mar 31, 2023
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Net Profit
$-5.87 M (USD)-109.43as on Mar 31, 2023
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EBITDA
$-5.95 M (USD)-32.37as on Mar 31, 2023
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Total Equity Funding
$66.4 M (USD)
in 7 rounds
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Latest Funding Round
$5.09 M (USD), Series C
Jun 09, 2021
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Investors
Razorpay
& 27 more
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Employee Count
529
as on Apr 08, 2024
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Investments & Acquisitions
Clink
& 1 more
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Acquired by
Razorpay
(Aug 16, 2022)
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Products & Services of Ezetap
Ezetap offers a comprehensive portfolio of products and services, including POS Machine, mPOS App, and Payment SDKs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device for accepting merchant payments via cards and digital methods
App for contactless payments using QR codes and UPI
Software for seamless payment integration into business systems
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Funding Insights of Ezetap
Ezetap has successfully raised a total of $66.4M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $5.09 million completed in June 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 Total Funding
- Total Rounds 7
- Last Round Series C — $5.1M
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First Round
First Round
(15 Aug 2012)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Ezetap | Valuation | Social Capital | |
| Feb, 2019 | Amount | Angel Round - Ezetap | Valuation | Joe Hirao |
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| May, 2017 | Amount | Series C - Ezetap | Valuation | JSCapital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ezetap
Ezetap has secured backing from 28 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Razorpay, Social Capital and ValueLabs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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US focused VC firm investing in seed & growth stage companies
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Founded Year | Domain | Location | |
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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Early to late-stage venture capital is invested in Indian sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ezetap
Ezetap has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Clink and FortunePay. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Card-linked marketing platform is provided for retailer loyalty programs.
|
2013 | ||||
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Electronic payments are processed for businesses and acquiring banks.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ezetap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ezetap Comparisons
Competitors of Ezetap
Ezetap 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 Square, SpotOn, Clover, Clip and ShopKeep, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
POS solutions are provided to offline retailers via mobile devices.
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to merchants and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ezetap
Frequently Asked Questions about Ezetap
When was Ezetap founded?
Ezetap was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Ezetap located?
Ezetap is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Ezetap a funded company?
Ezetap is a funded company, having raised a total of $66.4M across 7 funding rounds to date. The company's 1st funding round was a Series C of $22.3M, raised on Aug 15, 2012.
How many employees does Ezetap have?
As of Apr 08, 2024, the latest employee count at Ezetap is 529.
What is the annual revenue of Ezetap?
Annual revenue of Ezetap is $21.28M as on Mar 31, 2023.
What does Ezetap do?
Ezetap was founded in 2011 in Bengaluru, India, within the fintech sector. Cloud-based mobile point-of-sale software and hardware are offered to support business operations. Features encompass accounts management, marketing tools, customer relationship management, reporting, and analytics. API integrations are enabled for online platforms to process transactions. Notable clients include Myntra, BookMyShow, BigBasket, Ola, and RedBus.
What products or services does Ezetap offer?
Ezetap offers POS Machine, mPOS App, and Payment SDKs.
How many acquisitions has Ezetap made?
Ezetap has made 2 acquisitions, including Clink, and FortunePay.
Who are Ezetap's investors?
Ezetap has 28 investors. Key investors include Razorpay, Social Capital, ValueLabs, Berggruen Holdings, and Marvel Gold.
What is Ezetap's valuation?
The valuation of Ezetap is $145.07M as of Jun 2021.
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