About mChek
mChek is a company based in Mumbai (India) founded in 2006.. mChek has raised $5 million across 2 funding rounds from investors including Nexus Venture Partners and DFJ. mChek offers products and services including mChek Payment Platform, Crypto Payment Service, and Airtel Bill Payment. mChek operates in a competitive market with competitors including Komparify, Paymatrix, EG Payment, Paulpay and AutoPe Payment Solutions, among others.
- Headquarter Mumbai, India
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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 Mchek India Payment Systems Private Limited
- Date of Incorporation 03 Mar, 2006
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Nexus Venture Partners
& 1 more
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Employee Count
Employee Count
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Products & Services of mChek
mChek offers a comprehensive portfolio of products and services, including mChek Payment Platform, Crypto Payment Service, and Airtel Bill Payment. 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.
Platform for SMS-based bill payments and ticket bookings
Service to pay bills using Bitcoin or Ether
SMS tool for paying or topping up Airtel mobile bills
Funding Insights of mChek
mChek has successfully raised a total of $5M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(01 Jun 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2009 | Amount | Series B - mChek | Valuation |
investors |
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| Jun, 2006 | Amount | Series A - mChek | Valuation | DFJ |
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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 mChek
mChek has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Nexus Venture Partners and DFJ. 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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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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US focused VC firm
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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 mChek
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - mChek
| 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 |
Mchek Comparisons
Competitors of mChek
mChek 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 Komparify, Paymatrix, EG Payment, Paulpay and AutoPe Payment Solutions, 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 a platform for comprehensive digital coupon solutions to enhance online shopping.
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| domain | founded_year | HQ Location |
Rent payments and collections are streamlined via a SaaS platform.
|
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| domain | founded_year | HQ Location |
Digital platform for mobile recharges, bill payments, and gold investments services.
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| domain | founded_year | HQ Location |
Provides a mobile app for convenient mobile recharges and bill payments.
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| domain | founded_year | HQ Location |
Provides FinTech solutions for smart payments, microfinance, and transaction automation services.
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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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Frequently Asked Questions about mChek
When was mChek founded?
mChek was founded in 2006.
Where is mChek located?
mChek is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is mChek a funded company?
mChek is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jun 01, 2006.
What does mChek do?
Bill payments platform for consumers. Bill payments are made through mobile phones for mobile bill payments, movie tickets, insurance premiums, rent payments, utility bill payments, and more.
Who are the top competitors of mChek?
mChek's top competitors include Paymatrix, Komparify and Paytm Payments.
What products or services does mChek offer?
mChek offers mChek Payment Platform, Crypto Payment Service, and Airtel Bill Payment.
Who are mChek's investors?
mChek has 2 investors. Key investors include Nexus Venture Partners, and DFJ.
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