About Lazypay
Lazypay is a company based in Mumbai (India) founded in 2017.. Lazypay has raised $7 million across 1 funding round from investors including PayU. The company has 11 employees as of April 06, 2024. Lazypay operates in a competitive market with competitors including axio, Simpl, ZestMoney, PayJoy and Snapmint, among others.
- Headquarter Mumbai, India
- Employees 11 as on 06 Apr, 2024
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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 Lazypay Private Limited
- Date of Incorporation 26 Nov, 2018
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$9.02 M (USD)573.11as on Mar 31, 2023
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Net Profit
$-5.17 M (USD)51.17as on Mar 31, 2023
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EBITDA
$-5.48 M (USD)47.46as on Mar 31, 2023
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Total Equity Funding
$7 M (USD)
in 1 rounds
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Latest Funding Round
$7 M (USD), Series A
Aug 01, 2019
- Investors
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Employee Count
11
as on Apr 06, 2024
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Funding Insights of Lazypay
Lazypay has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Series A round of $7 million completed in August 2019. 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 Series A — $7.0M
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First Round
First Round
(01 Aug 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series A - Lazypay | Valuation | PayU |
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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 Lazypay
Lazypay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include PayU. 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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Online payment processing and credit solutions are provided for businesses.
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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 Lazypay
| 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 - Lazypay
| 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 |
Lazypay Comparisons
Competitors of Lazypay
Lazypay 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 axio, Simpl, ZestMoney, PayJoy and Snapmint, 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 |
An online lending platform for point-of-sale financing is provided.
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| domain | founded_year | HQ Location |
An online platform for purchase financing is provided by Simpl.
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| domain | founded_year | HQ Location |
Online platform offering point-of-sale financing
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| domain | founded_year | HQ Location |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
No-credit-card EMI solutions for online purchases are provided.
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| 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 Lazypay
Frequently Asked Questions about Lazypay
When was Lazypay founded?
Lazypay was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Lazypay located?
Lazypay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Lazypay a funded company?
Lazypay is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Series A of $7M, raised on Aug 01, 2019.
How many employees does Lazypay have?
As of Apr 06, 2024, the latest employee count at Lazypay is 11.
What is the annual revenue of Lazypay?
Annual revenue of Lazypay is $9.02M as on Mar 31, 2023.
What does Lazypay do?
Founded in 2017 and based in Mumbai, India, Lazypay functions within the fintech sector. Buy now pay later services are extended to various online merchants, allowing transactions to be combined into one bill. Flexible repayment terms are available for these consolidated payments. Personal loans are disbursed based on eligibility checks and required documentation, supporting broader digital financial access.
Who are the top competitors of Lazypay?
Who are Lazypay's investors?
Lazypay has 1 investor. Key investors include PayU.
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