About Manipal Payment and Identity Solutions
Manipal Payment and Identity Solutions is a company based in Manipal (India) founded in 2008.. Manipal Payment and Identity Solutions has raised $24 million across 1 funding round from investors including Touchstone Capital. The company has 1,158 employees as of December 30, 2024. Manipal Payment and Identity Solutions operates in a competitive market with competitors including Visa, RuPay, HiSAVE and Upiadda, among others.
- Headquarter Manipal, India
- Employees 1158 as on 30 Dec, 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 Manipal Payment And Identity Solutionslimited
- Date of Incorporation 19 Feb, 2008
- Jurisdiction Manipal, Karnataka, India
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Annual Revenue
$77.06 M (USD)151.58as on Mar 31, 2023
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Net Profit
$6.65 M (USD)369.83as on Mar 31, 2023
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EBITDA
$10.09 M (USD)351.02as on Mar 31, 2023
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Total Equity Funding
$24 M (USD)
in 1 rounds
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Latest Funding Round
$24 M (USD), Series B
Mar 28, 2024
- Investors
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Employee Count
1158
as on Dec 30, 2024
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Funding Insights of Manipal Payment and Identity Solutions
Manipal Payment and Identity Solutions has successfully raised a total of $24M through 1 strategic funding round. The most recent funding activity was a Series B round of $24 million completed in March 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 1
- Last Round Series B — $24.0M
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First Round
First Round
(28 Mar 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - Manipal Payment and Identity Solutions | Valuation | Touchstone Capital |
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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 Manipal Payment and Identity Solutions
Manipal Payment and Identity Solutions has secured backing from 1 investor. Prominent investors backing the company include Touchstone Capital. 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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Touchstone Capital is recognized as an alternative investment manager.
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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 Manipal Payment and Identity Solutions
| 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 - Manipal Payment and Identity Solutions
| 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 |
Manipal Payment And Identity Solutions Comparisons
Competitors of Manipal Payment and Identity Solutions
Manipal Payment and Identity Solutions 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 Visa, RuPay, HiSAVE and Upiadda, 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 |
Digital payment solutions are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Offers a range of RuPay credit, debit, and prepaid cards for financial transactions.
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| domain | founded_year | HQ Location |
Savings on payment options are maximized via aggregated discounts.
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| domain | founded_year | HQ Location |
Delivers comprehensive payment products and enabler services for businesses.
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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 Manipal Payment And Identity Solutions
Frequently Asked Questions about Manipal Payment and Identity Solutions
When was Manipal Payment and Identity Solutions founded?
Manipal Payment and Identity Solutions was founded in 2008 and raised its 1st funding round 16 years after it was founded.
Where is Manipal Payment and Identity Solutions located?
Manipal Payment and Identity Solutions is headquartered in Manipal, India. It is registered at Manipal, Karnataka, India.
Who is the current CEO of Manipal Payment and Identity Solutions?
Girish Kini is the current CEO of Manipal Payment and Identity Solutions.
Is Manipal Payment and Identity Solutions a funded company?
Manipal Payment and Identity Solutions is a funded company, having raised a total of $24M across 1 funding round to date. The company's 1st funding round was a Series B of $24M, raised on Mar 28, 2024.
How many employees does Manipal Payment and Identity Solutions have?
As of Dec 30, 2024, the latest employee count at Manipal Payment and Identity Solutions is 1,158.
What is the annual revenue of Manipal Payment and Identity Solutions?
Annual revenue of Manipal Payment and Identity Solutions is $77.06M as on Mar 31, 2023.
What does Manipal Payment and Identity Solutions do?
The company was founded in 2008 and is based in Manipal, India. Fintech services focused on banking networks and smart card manufacturing are offered to sectors such as banking, government, and transportation. Payment solutions and identity management services are also provided, supporting various operational needs in these industries.
Who are the top competitors of Manipal Payment and Identity Solutions?
Who are Manipal Payment and Identity Solutions's investors?
Manipal Payment and Identity Solutions has 1 investor. Key investors include Touchstone Capital.
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