About Gharpay
Gharpay is a company based in Hyderabad (India) founded in 2011 was acquired by Delhivery in June 2013. Gharpay has raised $1.65 million across 2 funding rounds from investors including Delhivery, Kae Capital and Peak XV Partners. Gharpay operates in a competitive market with competitors including Dvara KGFS, Pay Point India, Kaleidofin, Spice Money and PayNearby, among others.
- Headquarter Hyderabad, India
- Stage Minicorn
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Financial Services
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- Legal Name Gharpay Technology Services Private Limited
- Date of Incorporation 19 Apr, 2011
- Jurisdiction Hyderabad, Telangana, India
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Funding Insights of Gharpay
Gharpay has successfully raised a total of $1.65M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.36 million completed in May 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.
Investors in Gharpay
Gharpay has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Delhivery, Kae Capital and Peak XV Partners.
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Seed and early-stage investments are made across sectors in India.
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Early-stage investing in tech startups in India.
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Investor details for Gharpay
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Investments & Acquisitions by Gharpay
Investment portfolio details for Gharpay
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Financial Statements - Gharpay
Detailed financials for Gharpay
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Gharpay Comparisons
Peer comparison for Gharpay
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Competitors of Gharpay
Gharpay 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 Dvara KGFS, Pay Point India, Kaleidofin, Spice Money and PayNearby, among others.
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Loans for consumers and SMEs are provided alongside financial services.
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Digital financial and retail services are provided via agent networks.
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Provider of financial technology solutions for inclusive lending
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Digital payment and banking service provider in rural areas
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Digital payment and banking services are facilitated via retail partnerships.
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Tech-enabled financial and e-commerce services are delivered via retail outlets.
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Detailed competitors of Gharpay
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Latest news on Gharpay
Complete news archive for Gharpay
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Frequently Asked Questions about Gharpay
Gharpay was founded in 2011.
Gharpay is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Gharpay is a funded company, having raised a total of $1.65M across 2 funding rounds to date.
Gharpay allows consumers to shop online without needing a creditdebit card. Gharpay collects cash from customers at their doorstep in 550 postal codes across 7 cities. Had over 750 clients including Redbus, Cleartrip, Dealsandyou and FernsNPetals. The company was acquired by Delhivery in June 2013 for an undisclosed amount. Backed by Raju Reddy, Sequoia Capital, Kae Capital and Blume Ventures. Its COD software and management solution, Clink was spun off into another company sold to Ezetap in mid-2014.
Gharpay's top competitors include Pay Point India, Spice Money and Kaleidofin.
Gharpay has 5 investors. Key investors include Delhivery, Kae Capital, Peak XV Partners, 1999 Raju Reddy Family Trust, and Blume Ventures.
The valuation of Gharpay is $1.89M as of Sep 2011.