About FortunePay
FortunePay is a Retail company based in Bengaluru (India) founded in 2011, and was acquired by Ezetap in June 2017. Electronic payments are processed for businesses and acquiring banks. It operates in the Retail and Financial Services sectors. FortunePay has raised $1.17 million across 2 funding rounds from investors including Ezetap, Bessemer Venture Partners and Kae Capital. FortunePay was last valued at $897.56 thousand in May 2012. Its Indian entity Fortune Payment Solutions India Private Limited reported revenue of ₹3 Lakh. Its focus areas include FinTech, Payments, Enablers and Issuer Processor.
Company details
Founded in 2011 in Bengaluru, India, FortunePay operates in the fintech sector. End-to-end electronic payment platforms and services are provided to acquiring banks and merchants. A system for acquiring and processing electronic payments is maintained, alongside mobile POS solutions and eCommerce payment gateways. Operations focus on supporting business transactions within the Indian market.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsRetailFinancial Services
- Email••••••••
- Phone•••• ••••
- Website fortunepay.in
- Social LinkedIn X
- Acquired by Ezetap (Jun 2017)
- Legal Name Fortune Payment Solutions India Private Limited
- Date of Incorporation 10 Jun, 2011
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of FortunePay
FortunePay operates through Fortune Payment Solutions India Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2015) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fortune Payment Solutions India Private Limited CIN U72200KA2011PTC059098 | Amalgamated | 10 Jun 2011 | Bangalore, Karnataka | ₹0.0 Cr | 4 | View details |
Funding Insights of FortunePay
FortunePay has successfully raised a total of $1.17M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in October 2013. 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 $1.17M
- Total Rounds 2
- Last Round Seed — $1M
- First Round $169,785
(May 2012)
- Investors Count 29
All 2 funding rounds of FortunePay 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 |
|---|---|---|---|---|---|
| Oct 2013 | $1M | Seed | – | Kae Capital, Ravishankar D | |
| May 2012 | $169,785 | Seed | $897,564 | Kae Capital |
Last known valuation $897,564 (May 2012). 30 investors in total: 8 institutional and 22 angel.
Investors in FortunePay
FortunePay has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ezetap, Bessemer Venture Partners and Kae Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investing in tech startups in India. | 2011 | kae-capital.com | Mumbai, India | |
Early-stage investments are made in B2B and deep-tech startups. | growx.vc | Delhi, India | ||
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Residential and commercial real estate projects are developed in India. | 2008 | tcidevelopers.com | Gurugram, India | |
A minority- and woman-owned firm focused on business consulting. | whitewavegroup.com | Dallas, United States | ||
RD Ravishankar D | unknown_79e434110f6b4d869 | |||
PB Parameshwara B A | unknown_690989c86d4248db9 | |||
KD Krunal Desai | unknown_bccef6d6602f488f9 |
Investor details for FortunePay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Fortune Payment Solutions India Private Limited (FortunePay)
Fortune Payment Solutions India Private Limited is the primary company behind FortunePay. The board of Fortune Payment Solutions India Private Limited currently have 4 directors; the longest-serving is Manjunath Sreenivasa Murthy, appointed in 2011. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manjunath Sreenivasa Murthy DIN 05207685 | Director | 14 Dec 2011 | 14 yrs 10 mo | Fortune Payment Solutions India Private Limited |
| Shashidhar Puttashamaiah DIN 06741201 | Director | 21 Nov 2013 | 12 yrs 11 mo | Fortune Payment Solutions India Private Limited |
| Byas Unnikrishnan Nambisan DIN 01342141 | Additional Director | 15 Mar 2016 | 10 yrs 7 mo | Fortune Payment Solutions India Private Limited |
| Abhijit Sinha Bose DIN 05129763 | Additional Director | 15 Mar 2016 | 10 yrs 7 mo | Fortune Payment Solutions India Private Limited |
Financials of FortunePay
Figures of Fortune Payment Solutions India Private Limited, the primary company behind FortunePay, for FY 2015. Revenue was ₹3 Lakh. EBITDA was -₹1.68 Cr (-5538% margin).
- ₹3 LakhRevenue · FY 2015
- -₹1.68 CrEBITDA · -5538% margin
- ₹5.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Fortune Payment Solutions India Private Limited are on its company page.
Detailed financial statements for FortunePay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of FortunePay
4 dated milestones of FortunePay across 6 years, from founding to its latest funding, stage changes and deals.
- Founded FortunePay is founded.
- Funding First funding round of $170K.
- Funding Latest funding round, Seed, of $1.0M.
- Exit Acquired by Ezetap.
Top companies in E-Commerce Enablers & Infrastructure
3 companies that operate in the same segment as FortunePay (E-Commerce Enablers & Infrastructure) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M |
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Related news about Fortunepay
Complete news archive for FortunePay
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Frequently Asked Questions about FortunePay
FortunePay was founded in 2011 and raised its 1st funding round 1 year after it was founded.
FortunePay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
FortunePay is a funded company, having raised a total of $1.17M across 2 funding rounds to date. The company's 1st funding round was a Seed of $169.79K, raised on May 2012.
The primary company behind FortunePay, Fortune Payment Solutions India Private Limited, reported revenue of ₹3 Lakh for FY 2015.
Founded in 2011 in Bengaluru, India, FortunePay operates in the fintech sector. End-to-end electronic payment platforms and services are provided to acquiring banks and merchants. A system for acquiring and processing electronic payments is maintained, alongside mobile POS solutions and eCommerce payment gateways. Operations focus on supporting business transactions within the Indian market.
FortunePay has 30 investors. Key investors include Ezetap, Bessemer Venture Partners, Kae Capital, TCI Developers, and Ravishankar D.
The valuation of FortunePay is $897.56K as of May 2012.
FortunePay operates through Fortune Payment Solutions India Private Limited.
Yes. FortunePay was acquired by Ezetap in June 2017.
The legal entities of FortunePay currently have 4 directors, including Manjunath Sreenivasa Murthy, Byas Unnikrishnan Nambisan, Abhijit Sinha Bose and others.