About InstantPay
InstantPay is a company based in Delhi (India) founded in 2013 by Ajay Upadhyay, Amol Sonbarse, Rais Ahmad Matin, and Shailendra Agarwal.. InstantPay has raised $4.99 million across 1 funding round from investors including RB Investments and Kaleden Holdings. The company has 147 employees as of April 08, 2024. InstantPay offers products and services including Business Banking Platform and Online Payment Services.
- Headquarter Delhi, India
- Employees 147 as on 08 Apr, 2024
- Founders Ajay Upadhyay, Amol Sonbarse, Rais Ahmad Matin, Shailendra Agarwal
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Instantpay India Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$9.82 M (USD)-22.7as on Mar 31, 2023
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Net Profit
$-353.73 K (USD)-269.65as on Mar 31, 2023
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EBITDA
$-406.97 K (USD)-188.8as on Mar 31, 2023
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Total Equity Funding
$4.99 M (USD)
in 1 rounds
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Latest Funding Round
$4.99 M (USD), Seed
Nov 22, 2016
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Investors
RB Investments
& 1 more
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Employee Count
147
as on Apr 08, 2024
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Products & Services of InstantPay
InstantPay offers a comprehensive portfolio of products and services, including Business Banking Platform and Online Payment Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform is provided for modern business banking, facilitating financial transactions and management.
Services are offered for online transactions, supporting business operations through digital banking tools.
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Funding Insights of InstantPay
InstantPay has successfully raised a total of $4.99M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.99 million completed in November 2016. 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 Seed — $5.0M
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First Round
First Round
(22 Nov 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Seed - InstantPay | Valuation | RB Investments , Kaleden Holdings |
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| 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 InstantPay
InstantPay has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include RB Investments and Kaleden Holdings. 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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Investments are made in multi-stage tech-focused startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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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 InstantPay
| 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 - InstantPay
| 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 |
Instantpay Comparisons
Competitors of InstantPay
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Instantpay
Frequently Asked Questions about InstantPay
When was InstantPay founded?
InstantPay was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is InstantPay located?
InstantPay is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of InstantPay?
Shailendra Agarwal is the current CEO of InstantPay. They have also founded this company.
Is InstantPay a funded company?
InstantPay is a funded company, having raised a total of $4.99M across 1 funding round to date. The company's 1st funding round was a Seed of $4.99M, raised on Nov 22, 2016.
How many employees does InstantPay have?
As of Apr 08, 2024, the latest employee count at InstantPay is 147.
What is the annual revenue of InstantPay?
Annual revenue of InstantPay is $9.82M as on Mar 31, 2023.
What does InstantPay do?
InstantPay was established in 2013 in Delhi, India, as a fintech platform focused on digital banking for businesses. Current accounts, debit cards, payouts, collections, and expense management tools are offered, along with collateral-free working capital loans. API-based workflows are supported via its app, enabling employee expense tracking, corporate gift vouchers, and utility bill payments through a centralized dashboard. Operations serve the Indian market.
What products or services does InstantPay offer?
InstantPay offers Business Banking Platform and Online Payment Services.
Who are InstantPay's investors?
InstantPay has 2 investors. Key investors include RB Investments, and Kaleden Holdings.
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