About GRCF
GRCF is a Financial Services company based in Mumbai (India) founded in 2019 by Ashwini Choube and Hozefa Muchhala. It operates as a provider of online payment solution for businesses. GRCF has raised $46.25 thousand across 2 funding rounds from investors including Anita Suresh Dadlani, Snehal Satyashil Rane and All Square Restoration Services. GRCF was last valued at $465.18 thousand in February 2020. Its chief executive is Hozefa Muchhala. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity in India is Ginger Root Code Factory Private Limited (U72200MH2019PTC322714). Its competitors include Stripe, Razorpay, Flutterwave, PayU and Mintoak and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Founded in 2019 and based in Mumbai, India, GRCF operates in the fintech sector. A payment processing and remittance platform is offered, through which local and global payments from clients can be accepted by businesses. Encrypted payment options are included, along with integrations for various software such as ERP and accounting systems. Operations focus on secure and adaptable financial transactions for enterprise use.
- Headquarters Mumbai, India
- Founders Ashwini Choube, Hozefa Muchhala
- SectorsFinancial Services
- Email••••••••
- Website gingerrootcodefactory.com
- Social X
- Legal Name Ginger Root Code Factory Private Limited
- Date of Incorporation 18 Mar, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1,800
FY 2025 · -100% YoY
- Net Loss-₹1.4 Lakh
FY 2025 · -7906% margin
- EBITDA-₹1.1 Lakh
FY 2025 · -6081% margin
- Total Equity Funding$46.25K (USD)
in 2 rounds
- InvestorsAll Square Restoration Services
& 2 more
Associated legal entities of GRCF
GRCF operates through Ginger Root Code Factory Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ginger Root Code Factory Private Limited CIN U72200MH2019PTC322714 | Active | 18 Mar 2019 | Mumbai, Maharashtra | ₹0.0 Cr | – | 2 | View details |
Funding Insights of GRCF
GRCF has successfully raised a total of $46.25K across 2 strategic funding rounds. 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 $46,245
- Total Rounds 2
- First Round $46,245
(Feb 2020)
- Investors Count 3
All 2 funding rounds of GRCF 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 2020 | – | Seed | – | – | – |
| Feb 2020 | $46,245 | Seed | $465,184 | – |
Last known valuation $465,184 (Feb 2020). 3 investors in total: 1 institutional and 2 angel.
Investors in GRCF
GRCF has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Anita Suresh Dadlani, Snehal Satyashil Rane and All Square Restoration Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AS Anita Suresh Dadlani | - | – | unknown_ee06b76952b649ff9 | - |
SS Snehal Satyashil Rane | - | – | unknown_1d24e978dd1844e8b | - |
Damage restoration services are provided for homes by experts. | – | allsquarerestoration.com | Greer, United States |
Investor details for GRCF
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ginger Root Code Factory Private Limited (GRCF)
Ginger Root Code Factory Private Limited is the primary company behind GRCF. The board of Ginger Root Code Factory Private Limited currently have 2 directors; the longest-serving is Ashwini Kumar Choube, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashwini Kumar Choube DIN 08393274 | Director | 18 Mar 2019 | 7 yrs 7 mo | Ginger Root Code Factory Private Limited |
| Hozefa Ebrahim Muchhala DIN 08393275 | Director | 18 Mar 2019 | 7 yrs 7 mo | Ginger Root Code Factory Private Limited |
People of GRCF
2 people are tracked at GRCF (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Founder & CEO | Leadership |
Complete people profiles for GRCF
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of GRCF
Figures of Ginger Root Code Factory Private Limited, the primary company behind GRCF, for FY 2025. Revenue was ₹1,800 (-100% year on year). Net loss was -₹1.4 Lakh (-7906% margin). EBITDA was -₹1.1 Lakh (-6081% margin). Revenue has grown at a compounded annual rate of -85% over three years.
- ₹1,800Revenue · FY 2025 · -100% YoY
- -₹1.4 LakhNet loss · -7906% margin
- -₹1.1 LakhEBITDA · -6081% margin
- ₹1.1 LakhPaid-up capital
- -85%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ginger Root Code Factory Private Limited are on its company page.
Detailed financial statements for GRCF
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of GRCF
3 dated milestones of GRCF across 1 years, from founding to its latest funding, stage changes and deals.
- Founded GRCF is founded.
- Funding First funding round of $46K.
- Funding Latest funding round, Seed,.
Competitors of GRCF
GRCF has 9 listed competitors in our database, 8 of them funded. They include Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| airpay.co.in | 2012 | Mumbai, India | $3.63M | 996 | An integrated omnichannel platform for financial services is provided. |
Detailed competitors of GRCF
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as GRCF (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Frequently Asked Questions about GRCF
GRCF was founded in 2019 and raised its 1st funding round 1 year after it was founded.
GRCF is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Hozefa Muchhala is the current CEO of GRCF. They have also founded this company.
GRCF is a funded company, having raised a total of $46.25K across 2 funding rounds to date. The company's 1st funding round was a Seed of $46.25K, raised on Feb 2020.
The primary company behind GRCF, Ginger Root Code Factory Private Limited, reported revenue of ₹1,800 for FY 2025, down 100% year on year.
Founded in 2019 and based in Mumbai, India, GRCF operates in the fintech sector. A payment processing and remittance platform is offered, through which local and global payments from clients can be accepted by businesses. Encrypted payment options are included, along with integrations for various software such as ERP and accounting systems. Operations focus on secure and adaptable financial transactions for enterprise use.
GRCF has 3 investors. Key investors include Anita Suresh Dadlani, Snehal Satyashil Rane, and All Square Restoration Services.
The valuation of GRCF is $465.18K as of Feb 2020.
GRCF operates through Ginger Root Code Factory Private Limited.
The legal entities of GRCF currently have 2 directors, including Ashwini Kumar Choube, Hozefa Ebrahim Muchhala.