About InstantPay
InstantPay is a Financial Services company based in Delhi (India) founded in 2013 by Ajay Upadhyay, Amol Sonbarse, Rais Ahmad Matin, and Shailendra Agarwal. Digital banking solutions are provided for business operations and finances. InstantPay has raised $4.99 million across 1 funding round from investors including RB Investments and Kaleden Holdings. The company has 147 employees. Its chief executive, as recorded, is Shailendra Agarwal. Its website instantpay.in draws about 355 thousand monthly visits. Its Indian entity Instantpay India Limited reported revenue of ₹71.92 Cr. InstantPay offers products and services including Business Banking Platform and Online Payment Services. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks.
Company details
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.
- Headquarters Delhi, India
- Employees 147
- Founders Ajay Upadhyay, Amol Sonbarse, Rais Ahmad Matin, Shailendra Agarwal
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Phone•••• ••••
- Website instantpay.in
- Social LinkedIn X Facebook
- Legal Name Instantpay India Limited
- Date of Incorporation 03 Aug, 2010
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹71.92 Cr
FY 2025 · -7% YoY
- Net Loss-₹3.86 Cr
FY 2025 · -5% margin
- EBITDA-₹2.07 Cr
FY 2025 · -3% margin
- Total Equity Funding$4.99M (USD)
in 1 rounds
- Latest Funding Round$4.99M (USD), Seed
Nov 2016
- InvestorsRB Investments
& 1 more
- Employee Count147
Associated legal entities of InstantPay
InstantPay operates through Instantpay India 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 |
|---|---|---|---|---|---|---|---|
| Instantpay India Limited CIN U64200DL2010PLC206587 | Active | 03 Aug 2010 | New Delhi, Delhi | ₹71.9 Cr | 147 | 7 | View details |
Products & Services of InstantPay
InstantPay offers a comprehensive portfolio of products and services, including Business Banking Platform and Online Payment Services.
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.
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 $4.99M
- Total Rounds 1
- Last Round Seed — $4.99M
- First Round $4.99M
(Nov 2016)
- Investors Count 2
All 1 funding rounds of InstantPay 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 |
|---|---|---|---|---|---|
| Nov 2016 | $4.99M | Seed | – | RB Investments, Kaleden Holdings | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in multi-stage tech-focused startups. | rbworld.com | Singapore, Singapore | ||
Venture capital fund focused on multiple sectors | Singapore, Singapore |
Investor details for InstantPay
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 Instantpay India Limited (InstantPay)
Instantpay India Limited is the primary company behind InstantPay. The board of Instantpay India Limited currently have 6 directors; the longest-serving is Shailendra Agarwal, appointed in 2010. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shailendra Agarwal DIN 03086064 | Managing Director | 03 Aug 2010 | 16 yrs 3 mo | Instantpay India Limited |
| Amol Bhaurao Sonbarse DIN 08495443 | Whole-time director | 22 Nov 2021 | 4 yrs 11 mo | Instantpay India Limited |
| Ajay Upadhyay DIN 03619140 | Whole-time director | 22 Nov 2021 | 4 yrs 11 mo | Instantpay India Limited |
| Dhruv Suri DIN 03092902 | Director | 04 Sep 2023 | 3 yrs 2 mo | Instantpay India Limited |
| Anil Mahajan DIN 00003398 | Director | 04 Sep 2023 | 3 yrs 2 mo | Instantpay India Limited |
| Vimal Kumar Agarwal DIN 03606014 | Director | 04 Sep 2023 | 3 yrs 2 mo | Instantpay India Limited |
People of InstantPay
14 people are tracked at InstantPay (11 in leadership, 3 in team); the tracked headcount is 147.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CRO | Leadership | |
| Director | Leadership | |
| Director | Leadership | |
Rais Ahmad Matin | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Director | Leadership | |
Nazim Khairmohammed | Director Sales | Leadership |
Shishir Rastogi | Director - API Banking | Leadership |
Mukesh Sahani | Director | Leadership |
Sachinkumar Kanse | Associate Director - SMB - Instantpay - A Full-stack Digital Bank For Businesses. | Leadership |
Sachin Kumar Singh | Customer Success Associate | Team |
Jakir Hossain | Relationship Manager | Team |
Ankit Tiwari | Manager - Key Accounts | Team |
Complete people profiles for InstantPay
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 InstantPay
Figures of Instantpay India Limited, the primary company behind InstantPay, for FY 2025. Revenue was ₹71.92 Cr (-7% year on year). Net loss was -₹3.86 Cr (-5% margin). EBITDA was -₹2.07 Cr (-3% margin). Revenue has grown at a compounded annual rate of -12% over three years and -17% over five years.
- ₹71.92 CrRevenue · FY 2025 · -7% YoY
- -₹3.86 CrNet loss · -5% margin
- -₹2.07 CrEBITDA · -3% margin
- ₹5.5 LakhPaid-up capital
- 147Employees (provident fund records)
- -12%Revenue CAGR, 3 years
- -17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Instantpay India Limited are on its company page.
Detailed financial statements for InstantPay
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 InstantPay
2 dated milestones of InstantPay across 3 years, from founding to its latest funding, stage changes and deals.
- Founded InstantPay is founded.
- Funding First funding round of $5.0M.
Web traffic of InstantPay
The website of InstantPay (instantpay.in) receives about 354.8K visits a month and ranks #156,336 among all websites worldwide, #9,694 in Finance.
- Monthly visits354.8K
▲ 11.2% vs previous month
- Unique visitors20.6K
per month
- Global rank#156,336
among all websites
- Category rank#9,694
Finance · Finance
- Bounce rate18%
- Pages per visit4.8
- Average visit7 min 32 sec
- DevicesDesktop 92% · Mobile 8%
Websites whose visitors overlap most with InstantPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
shop.pay1.in | shop.pay1.in | 100% | #99,410 | – | |
shop.vodafone.in | shop.vodafone.in | 100% | – | ||
| payworldindia.com | 93% | 726.5K | #83,498 | View details | |
| razorpay.com | 86% | 34.9M | #1,536 | View details | |
| sionline.co.in | 84% | 11.2K | #2,341,606 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for InstantPay
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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
Related news about Instantpay
Complete news archive for InstantPay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about InstantPay
InstantPay was founded in 2013 and raised its 1st funding round 3 years after it was founded.
InstantPay is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Shailendra Agarwal is the CEO of InstantPay, as recorded in our data. They have also founded this 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 2016.
InstantPay has 147 employees.
The primary company behind InstantPay, Instantpay India Limited, reported revenue of ₹71.92 Cr for FY 2025, down 7% year on year.
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.
InstantPay offers Business Banking Platform and Online Payment Services.
InstantPay has 2 investors. Key investors include RB Investments, and Kaleden Holdings.
InstantPay operates through Instantpay India Limited.
The legal entities of InstantPay currently have 7 directors, including Dhruv Suri, Shailendra Agarwal, Amol Bhaurao Sonbarse and others.
The website of InstantPay receives about 355 thousand visits a month and ranks #156,336 among all websites worldwide.