About LotusPay
LotusPay is a company based in Bengaluru (India) founded in 2017 by Atma Krishna was acquired by JusPay in February 2024. It operates as a FinTech, and Subscription Services. LotusPay has raised $120 thousand across 1 funding round from investors including JusPay and Y Combinator. LotusPay offers products and services including NACH Debit Platform.
- Headquarter Bengaluru, India
- Founders Atma Krishna
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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
*********
- Legal Name Lotuspay Solutions Pvt. Ltd.
- Date of Incorporation 23 Jun, 2016
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$264.13 K (USD)87.44as on Mar 31, 2023
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Net Profit
$70.49 K (USD)220.25as on Mar 31, 2023
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EBITDA
$69.06 K (USD)111.2as on Mar 31, 2023
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Total Equity Funding
$120 K (USD)
in 1 rounds
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Latest Funding Round
$120 K (USD), Seed
Jun 01, 2017
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Investors
JusPay
& 1 more
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Employee Count
Employee Count
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Acquired by
JusPay
(Feb 06, 2024)
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Products & Services of LotusPay
LotusPay offers a comprehensive portfolio of products and services, including NACH Debit Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Recurring payments are collected via NACH Debit mandates.
Funding Insights of LotusPay
LotusPay has successfully raised a total of $120K through 1 strategic funding round. The most recent funding activity was a Seed round of $120 thousand completed in June 2017. 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 Seed — $120,000
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First Round
First Round
(01 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Seed - LotusPay | 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LotusPay
LotusPay has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include JusPay and Y Combinator. 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 startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Payment processing and orchestration services for merchants and banks.
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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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by LotusPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - LotusPay
| 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 |
Lotuspay Comparisons
Competitors of LotusPay
| 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.
|
Frequently Asked Questions about LotusPay
When was LotusPay founded?
LotusPay was founded in 2017.
Where is LotusPay located?
LotusPay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of LotusPay?
Atma Krishna is the current CEO of LotusPay. They have also founded this company.
Is LotusPay a funded company?
LotusPay is a funded company, having raised a total of $120K across 1 funding round to date. The company's 1st funding round was a Seed of $120K, raised on Jun 01, 2017.
What is the annual revenue of LotusPay?
Annual revenue of LotusPay is $264.13K as on Mar 31, 2023.
What does LotusPay do?
Recurring payments are managed and collected by LotusPay using NACH Debit mandates for businesses in India. Services are provided to leading banks and financial companies within the financial services sector. Solutions include dashboards, APIs, and mobile SDKs for managing customers, subscriptions, and payments. Direct debit from customer bank accounts is enabled securely and affordably. Operations are supported through integrations with major sponsor banks like Axis Bank and ICICI Bank.
What products or services does LotusPay offer?
LotusPay offers NACH Debit Platform.
Who are LotusPay's investors?
LotusPay has 2 investors. Key investors include JusPay, and Y Combinator.