About Hitachi Payment Services
Hitachi Payment Services is a company based in Mumbai (India) founded in 2008 was acquired by Hitachi in November 2013.. Hitachi Payment Services has raised $7.27 million across 1 funding round from investors including Axis Bank, Hitachi and Sequoia Capital. The company has 1,441 employees as of April 09, 2024. Hitachi Payment Services has completed 1 acquisition, including Writer Corporation.
- Headquarter Mumbai, India
- Employees 1441 as on 09 Apr, 2024
- Stage Minicorn
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Hitachi Payment Services Private Limited
- Date of Incorporation 12 Sep, 2005
- Jurisdiction Kanchipuram, Tamil Nadu, India
-
Annual Revenue
$282.02 M (USD)18.1as on Mar 31, 2023
-
Net Profit
$11.94 M (USD)30.61as on Mar 31, 2023
-
EBITDA
$71.09 M (USD)23.09as on Mar 31, 2023
-
Total Equity Funding
$7.27 M (USD)
in 1 rounds
-
Latest Funding Round
$7.27 M (USD), Series B
Mar 28, 2011
-
Investors
Axis Bank
& 2 more
-
Employee Count
1441
as on Apr 09, 2024
- Investments & Acquisitions
-
Acquired by
Hitachi
(Nov 26, 2013)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Software Development Team
109 people
Leadership Team
50 people
Sales and Marketing
35 people
Human Resources and Administration
22 people
Senior Team
22 people
Finance and Accounting
7 people
Deputy Team
7 people
Manager Team
6 people
Unlock access to complete
Funding Insights of Hitachi Payment Services
Hitachi Payment Services has successfully raised a total of $7.27M through 1 strategic funding round. The most recent funding activity was a Series B round of $7.27 million completed in March 2011. 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 1
- Last Round Series B — $7.3M
-
First Round
First Round
(28 Mar 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2011 | Amount | Series B - Hitachi Payment Services | Valuation | Sequoia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hitachi Payment Services
Hitachi Payment Services has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Axis Bank, Hitachi and Sequoia Capital. 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 |
|---|---|---|---|---|
|
Sequoia Capital is engaged in venture capital investments.
|
Founded Year | Domain | Location | |
|
Provider of a commercial banking services
|
Founded Year | Domain | Location | |
|
Consumer electronics and industrial machinery are produced by Hitachi.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Hitachi Payment Services
Hitachi Payment Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Writer Corporation. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Diversified conglomerate operations span multiple industries worldwide.
|
1953 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Hitachi Payment Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hitachi Payment Services Comparisons
Competitors of Hitachi Payment Services
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Hitachi Payment Services
Frequently Asked Questions about Hitachi Payment Services
When was Hitachi Payment Services founded?
Hitachi Payment Services was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Hitachi Payment Services located?
Hitachi Payment Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Hitachi Payment Services?
Anuj Khosla is the current CEO of Hitachi Payment Services.
Is Hitachi Payment Services a funded company?
Hitachi Payment Services is a funded company, having raised a total of $7.27M across 1 funding round to date. The company's 1st funding round was a Series B of $7.27M, raised on Mar 28, 2011.
How many employees does Hitachi Payment Services have?
As of Apr 09, 2024, the latest employee count at Hitachi Payment Services is 1,441.
What is the annual revenue of Hitachi Payment Services?
Annual revenue of Hitachi Payment Services is $282.02M as on Mar 31, 2023.
What does Hitachi Payment Services do?
Hitachi Payment Services was founded in 2008 and is headquartered in Mumbai, India. Operations are focused on the financial technology sector, where cash and digital payment solutions are delivered. Services encompass ATM management, cash recycling machines, ATM software platforms, white-label ATMs, POS systems, and internet payment gateways. These offerings support businesses in processing transactions securely across various channels.
How many acquisitions has Hitachi Payment Services made?
Hitachi Payment Services has made 1 acquisition, including Writer Corporation.
Who are Hitachi Payment Services's investors?
Hitachi Payment Services has 3 investors. Key investors include Axis Bank, Hitachi, and Sequoia Capital.
What is Hitachi Payment Services's valuation?
The valuation of Hitachi Payment Services is $108.13M as of Mar 2011.