About IppoPay
IppoPay is a company based in Chennai (India) founded in 2020 by Mohan Karuppaiah and Jai Kumar.. IppoPay has raised $4.65 million across 3 funding rounds from investors including Coinbase, StartupTN and Mithun Sacheti. The company has 404 employees as of April 05, 2024. IppoPay has completed 3 acquisitions, including Roamsoft Tech, Tutelar and Tutelar. IppoPay operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Adyen, among others.
- Headquarter Chennai, India
- Employees 404 as on 05 Apr, 2024
- Founders Mohan Karuppaiah, Jai Kumar
- Stage Minicorn
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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
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- Legal Name Ippopay Technologies Private Limited
- Date of Incorporation 11 Nov, 2020
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
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Annual Revenue
$39.65 M (USD)583.46as on Mar 31, 2023
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Net Profit
$15.45 M (USD)343.33as on Mar 31, 2023
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EBITDA
$20.61 M (USD)319.97as on Mar 31, 2023
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Total Equity Funding
$4.65 M (USD)
in 3 rounds
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Latest Funding Round
$2.3 M (USD), Angel Round
Aug 06, 2024
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Investors
Coinbase
& 13 more
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Employee Count
404
as on Apr 05, 2024
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Investments & Acquisitions
Roamsoft Tech
& 2 more
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Funding Insights of IppoPay
IppoPay has successfully raised a total of $4.65M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $2.3 million completed in August 2024. 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 3
- Last Round Angel Round — $2.3M
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First Round
First Round
(19 Feb 2021)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Angel Round - IppoPay | Valuation | Mithun Sacheti , Siddhartha Sacheti |
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| Sep, 2021 | Amount | Seed - IppoPay | Valuation | Better Capital | |
| Feb, 2021 | Amount | Grant - IppoPay | 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 IppoPay
IppoPay has secured backing from 14 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Coinbase, StartupTN and Mithun Sacheti. 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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Early-stage companies are invested in by Better Capital.
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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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Potato farming, grain marketing, and equipment services in Maine.
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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 IppoPay
IppoPay has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Roamsoft Tech, Tutelar and Tutelar. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Physical security services are provided to safeguard assets and facilities.
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2022 | ||||
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Fraud risk management solutions are provided through cloud-based platform.
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2022 | ||||
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Application development services are provided by Roamsoft Tech in India.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IppoPay
| 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 |
Ippopay Comparisons
Competitors of IppoPay
IppoPay 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 Stripe, Razorpay, Flutterwave, PayU and Adyen, 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 |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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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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Latest news on Ippopay
Frequently Asked Questions about IppoPay
When was IppoPay founded?
IppoPay was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is IppoPay located?
IppoPay is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of IppoPay?
Mohan Karuppaiah is the current CEO of IppoPay. They have also founded this company.
Is IppoPay a funded company?
IppoPay is a funded company, having raised a total of $4.65M across 3 funding rounds to date. The company's 1st funding round was a Grant of $13.75K, raised on Feb 19, 2021.
How many employees does IppoPay have?
As of Apr 05, 2024, the latest employee count at IppoPay is 404.
What is the annual revenue of IppoPay?
Annual revenue of IppoPay is $39.65M as on Mar 31, 2023.
What does IppoPay do?
IppoPay was established in 2020 in Chennai, India, within the fintech sector. Payment aggregation services are offered to businesses for collecting transactions from customers and vendors using QR codes, UPI, and POS systems. Financial operations are managed through integrations via SDKs, RESTful APIs, and plugins across multiple platforms and languages. Data analysis is enabled to support operational growth.
Who are the top competitors of IppoPay?
How many acquisitions has IppoPay made?
IppoPay has made 3 acquisitions, including Roamsoft Tech, Tutelar, and Tutelar.
Who are IppoPay's investors?
IppoPay has 14 investors. Key investors include Coinbase, StartupTN, Mithun Sacheti, Siddhartha Sacheti, and Better Capital.
What is IppoPay's valuation?
The valuation of IppoPay is $12.21M as of Sep 2021.