iServeU

Bhubaneswar, India Founded: 2016 • Age: 10 yrs Acquired By Niyogin
Financial infrastructure platform is offered for banking and remittance services.
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About iServeU

iServeU is a company based in Bhubaneswar (India) founded in 2016 by Debi Prasad Sarangi, Amit Tyagi, Umakant Sahoo, and Debashis Mohapatra was acquired by Niyogin in August 2020.. The company has 402 employees as of September 23, 2025. iServeU operates in a competitive market with competitors including Perfios, Comviva, Infibeam Avenues, Aurionpro and TransBnk, among others.

  • Headquarter Bhubaneswar, India
  • Employees 402 as on 23 Sep, 2025
  • Founders Debi Prasad Sarangi, Amit Tyagi, Umakant Sahoo, Debashis Mohapatra
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Iserveu Technology Private Limited
  • Date of Incorporation 27 Sep, 2016
  • Jurisdiction Bhubaneswar, Orissa, India
Operational Areas
Financial Services → FinTech & Digital Finance
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
    $17.99 M (USD)
    73.61
    as on Mar 31, 2024
  • Net Profit
    $-1.56 M (USD)
    39.88
    as on Mar 31, 2024
  • EBITDA
    $-1.24 M (USD)
    59.28
    as on Mar 31, 2024
  • Latest Funding Round
  • Investors
  • Employee Count
    402

    as on Sep 23, 2025

  • Acquired by
    Niyogin

    (Aug 31, 2020)

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People of iServeU
Headcount 200-500
Employee Profiles 6
Employee Profiles
People
Rama Pattnaik
Senior Talent Acquisition
People
Basudev Behera
Program Manager - Ceo's Office
People
Manisa Behura
Assistant Manager Human Resources
People
Debashis Mohapatra
Co-founder & Chief Operating Officer

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Funding Insights of iServeU

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

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Investors in iServeU

iServeU has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Niyogin. 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.

All
Institutional
Investor Description Founded Year Domain Location
Online lending marketplace for business loans
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 iServeU

Investments
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

Financial Statements - iServeU

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
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

Iserveu Comparisons

Employees
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Competitors of iServeU

iServeU 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 Perfios, Comviva, Infibeam Avenues, Aurionpro and TransBnk, 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
Provides financial technology solutions for data analysis and verification globally.
domain founded_year HQ Location
Software platforms for telecommunications, digital payments, and experiences are provided.
domain founded_year HQ Location
Digital payment solutions and enterprise software platforms are provided.
domain founded_year HQ Location
Loan and cash management solutions are provided for banks.
domain founded_year HQ Location
Provider of online platform offering AI-enabled loan transaction banking solutions
domain founded_year HQ Location
Provider of platform for launching and managing credit card programs
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 Iserveu

Frequently Asked Questions about iServeU

When was iServeU founded?

iServeU was founded in 2016.

Where is iServeU located?

iServeU is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.

Who is the current CEO of iServeU?

Debi Prasad Sarangi is the current CEO of iServeU. They have also founded this company.

How many employees does iServeU have?

As of Sep 23, 2025, the latest employee count at iServeU is 402.

What is the annual revenue of iServeU?

Annual revenue of iServeU is $17.99M as on Mar 31, 2024.

What does iServeU do?

Platform offering financial infrastructure. It offers an agency banking platform with switching. It also provides card issuance management, global remittance, merchant acquiring neo banking solutions. Its customized solutions for banks include Gen AI-based onboarding solutions with KYC checks through face match and liveliness that can be used to onboard customers for different requirements, ML-based fraud risk Management solutions, CRM solutions to generate and manage leads for lending or insurance requirements, cloud-native open banking API gateway, multi-currency based digital wallets, global virtual accounts with international remittance features.

Who are the top competitors of iServeU?

iServeU's top competitors include Comviva, Perfios and TransBnk.

Who are iServeU's investors?

iServeU has 1 investor. Key investors include Niyogin.

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