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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Sectors
Financial Services
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Phone
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Website
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Social
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $1.4M
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First Round
First Round
(15 Sep 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2013 | Amount | Series A - Gharpay | Valuation | Blume Ventures | |
| Sep, 2011 | Amount | Seed - Gharpay | Valuation |
investors |
| 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 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. 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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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Early-stage investing in tech startups in India.
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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 Gharpay
| 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 |
Financial Statements - Gharpay
| 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 |
Gharpay Comparisons
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. 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 |
Loans for consumers and SMEs are provided alongside financial services.
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| domain | founded_year | HQ Location |
Digital financial and retail services are provided via agent networks.
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| domain | founded_year | HQ Location |
Provider of financial technology solutions for inclusive lending
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| domain | founded_year | HQ Location |
Digital payment and banking service provider in rural areas
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| domain | founded_year | HQ Location |
Digital payment and banking services are facilitated via retail partnerships.
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| domain | founded_year | HQ Location |
Tech-enabled financial and e-commerce services are delivered via retail outlets.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Gharpay
When was Gharpay founded?
Gharpay was founded in 2011.
Where is Gharpay located?
Gharpay is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Gharpay a funded company?
Gharpay is a funded company, having raised a total of $1.65M across 2 funding rounds to date. The company's 1st funding round was a Seed of $289.67K, raised on Sep 15, 2011.
What does Gharpay do?
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.
Who are the top competitors of Gharpay?
Gharpay's top competitors include Pay Point India, Spice Money and Kaleidofin.
Who are Gharpay's investors?
Gharpay has 5 investors. Key investors include Delhivery, Kae Capital, Peak XV Partners, 1999 Raju Reddy Family Trust, and Blume Ventures.
What is Gharpay's valuation?
The valuation of Gharpay is $1.89M as of Sep 2011.
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