About Kashware
Kashware is a Financial Services company based in Gurugram (India) founded in 2019 by Amarrprit Singh and Sidhant Ryan Malhotra. Multi-account payment cards are linked to consumers financial services. Kashware has raised $3.08 million across 7 funding rounds from investors including Angel List, Waaree Energies and Yukti Securities. Kashware was last valued at $6.41 million in July 2021. Its chief executive, as recorded, is Sidhant Ryan Malhotra. Its Indian entity Neofinity Services Private Limited reported revenue of ₹2.11 Cr. Kashware offers products and services including Kashware Kard and Kashware App. Its focus areas include FinTech, Payments, Consumer Payments and Payment Cards.
Company details
Founded in 2019 in Gurugram, India, Kashware operates in the fintech sector. A multi-account payment card is offered, integrating cards, wallets, bank accounts, and apps into a single secured platform. Payments are enabled across card machines, websites, UPI apps, and QR codes. Rewards including discounts, gifts, and premium subscriptions are provided for payment management.
- Headquarters Gurugram, India
- Founders Amarrprit Singh, Sidhant Ryan Malhotra
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website kashware.com
- Social LinkedIn
- Legal Name Neofinity Services Private Limited
- Date of Incorporation 25 Feb, 2019
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹2.11 Cr
FY 2025 · -61% YoY
- Net Loss-₹2.08 Cr
FY 2025 · -98% margin
- EBITDA-₹1.75 Cr
FY 2025 · -83% margin
- Total Equity Funding$3.08M (USD)
in 7 rounds
- Latest Funding Round$1.82M (USD), Seed
Jun 2023
- InvestorsAngel List
& 38 more
Associated legal entities of Kashware
Kashware operates through Neofinity Services Private 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 |
|---|---|---|---|---|---|---|---|
| Neofinity Services Private Limited CIN U74999HR2019PTC078792 | Active | 25 Feb 2019 | Gurgaon, Haryana | ₹2.1 Cr | 22 | 2 | View details |
Products & Services of Kashware
Kashware offers a comprehensive portfolio of products and services, including Kashware Kard and Kashware App.
Secure card linking multiple accounts for easy and protected transactions.
Mobile app for managing payments, rewards, and account integrations securely.
Funding Insights of Kashware
Kashware has successfully raised a total of $3.08M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $1.82 million completed in June 2023. 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 $3.08M
- Total Rounds 7
- Last Round Seed — $1.82M
- First Round $83,184
(Jul 2019)
- Investors Count 39
All 7 funding rounds of Kashware 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 |
|---|---|---|---|---|---|
| Jun 2023 | $1.82M | Seed | – | Neo Wealth | |
| Jul 2021 | $481,471 | Seed | $6.41M | Yukti Securities | |
| Mar 2021 | $398,770 | Seed | $6.15M | TiE SoCal Angels, Angel List | |
| Feb 2021 | Angel Round | – | – | – | |
| Dec 2020 | $190,057 | Seed | $••••• | Kabraagrofarms | |
| Jun 2020 | $108,380 | Seed | $••••• | Angel List | – |
| Jul 2019 | $83,184 | Seed | $••••• | Fremuniq Technology LLP |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2021 | $6.41M | •••••••• |
| Mar 2021 | $6.15M | •••••••• |
| Dec 2020 | $••••• | •••••••• |
| Jun 2020 | $••••• | •••••••• |
| Jul 2019 | $••••• | •••••••• |
Full valuation and stage history of Kashware
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $6.41M (Jul 2021). 39 investors in total: 16 institutional and 23 angel.
Investors in Kashware
Kashware has secured backing from 39 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Waaree Energies and Yukti Securities.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and support for seed to early stage businesses are provided by Yukti Securities. | 1995 | yukti.in | Delhi, India | |
Multiple sectors are invested in by TiE SoCal Angels network. | tiesocalangels.com | Cerritos, United States | ||
A venture capital firm focused on early-stage startup investments. | voxtur.xyz | Bengaluru, India | ||
Seed-stage venture capital investments are targeted by Singhvi Heritage. | sanghviherirtage.tcc.mode | Chennai, India | ||
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
| mmcmtc.com | ||||
Property development activities are conducted by Ratna Developers Private Limited. | ratnadevelopers.tcc.mode | |||
| veerenterprise.tcc.mode | ||||
Manufacturer of solar PV modules | 1990 | waaree.com | Mumbai, India | |
| kabraagrofarms.tcc.mode |
Investor details for Kashware
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Neofinity Services Private Limited (Kashware)
Neofinity Services Private Limited is the primary company behind Kashware. The board of Neofinity Services Private Limited currently have 2 directors; the longest-serving is Sidhant Malhotra, appointed in 2019. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sidhant Malhotra DIN 07739452 | Director | 25 Feb 2019 | 7 yrs 7 mo | Neofinity Services Private Limited |
| Deepak Gandhi DIN 11178866 | Director | 03 Sep 2025 | 1 yr 1 mo | Neofinity Services Private Limited |
People of Kashware
2 people are tracked at Kashware (2 in leadership).
| Name | Role | Group |
|---|---|---|
Amarrprit Singh | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Kashware
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Kashware
Figures of Neofinity Services Private Limited, the primary company behind Kashware, for FY 2025. Revenue was ₹2.11 Cr (-61% year on year). Net loss was -₹2.08 Cr (-98% margin). EBITDA was -₹1.75 Cr (-83% margin). Revenue has grown at a compounded annual rate of +982% over three years and +303% over five years.
- ₹2.11 CrRevenue · FY 2025 · -61% YoY
- -₹2.08 CrNet loss · -98% margin
- -₹1.75 CrEBITDA · -83% margin
- ₹8.1 LakhPaid-up capital
- 22Employees (provident fund records)
- +982%Revenue CAGR, 3 years
- +303%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Neofinity Services Private Limited are on its company page.
Detailed financial statements for Kashware
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Kashware
4 dated milestones of Kashware across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Kashware is founded.
- Funding First funding round of $83K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.8M.
Web traffic of Kashware
The website of Kashware (kashware.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 153.6% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Kashware (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Kashware
Complete news archive for Kashware
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Frequently Asked Questions about Kashware
Kashware was founded in 2019.
Kashware is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Sidhant Ryan Malhotra is the CEO of Kashware, as recorded in our data. They have also founded this company.
Kashware is a funded company, having raised a total of $3.08M across 7 funding rounds to date. The company's 1st funding round was a Seed of $83.18K, raised on Jul 2019.
The primary company behind Kashware, Neofinity Services Private Limited, reported revenue of ₹2.11 Cr for FY 2025, down 61% year on year.
Founded in 2019 in Gurugram, India, Kashware operates in the fintech sector. A multi-account payment card is offered, integrating cards, wallets, bank accounts, and apps into a single secured platform. Payments are enabled across card machines, websites, UPI apps, and QR codes. Rewards including discounts, gifts, and premium subscriptions are provided for payment management.
Kashware offers Kashware Kard and Kashware App.
Kashware has 39 investors. Key investors include Angel List, Waaree Energies, Yukti Securities, TiE SoCal Angels, and Voxtur.
The valuation of Kashware is $6.41M as of Jul 2021.
Kashware operates through Neofinity Services Private Limited.
The legal entities of Kashware currently have 2 directors, including Sidhant Malhotra, Deepak Gandhi.