About myPaisaa
myPaisaa is a company based in Hyderabad (India) founded in 2020 by Mounika Lingayagari, Ravindranath Kamma, and Veera Praveen Reddy.. myPaisaa has raised $450.27 thousand across 5 funding rounds from investors including Ananth Vummethala, Guru Manohar Reddy and Satraajeet Mukherjee. The company has 148 employees as of May 31, 2025. myPaisaa operates in a competitive market with competitors including Money Club, Shriram Chits, Finlok, SahaBhagi and Kanakadurga Chit funds, among others.
- Headquarter Hyderabad, India
- Employees 148 as on 31 May, 2025
- Founders Mounika Lingayagari, Ravindranath Kamma, Veera Praveen Reddy
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$641.81 K (USD)318as on Mar 31, 2024
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Net Profit
$-784.72 K (USD)4as on Mar 31, 2024
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EBITDA
$-520.32 K (USD)31as on Mar 31, 2024
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Total Equity Funding
$450.27 K (USD)
in 5 rounds
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Latest Funding Round
$33.05 K (USD), Angel Round
Mar 02, 2022
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Investors
& 9 more
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Employee Count
148
as on May 31, 2025
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Funding Insights of myPaisaa
myPaisaa has successfully raised a total of $450.27K across 5 strategic funding rounds. The most recent funding activity was a Angel Round round of $33.05 thousand completed in March 2022. 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 5
- Last Round Angel Round — $33,052
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First Round
First Round
(09 Dec 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Angel Round - myPaisaa | Valuation | Ananth Vummethala |
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| Sep, 2021 | Amount | Debt – Convertible - myPaisaa | Valuation | Guru Manohar Reddy | |
| Aug, 2021 | Amount | Angel Round - myPaisaa | Valuation | Srilalitha Bhattaram |
| 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 myPaisaa
myPaisaa has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Ananth Vummethala, Guru Manohar Reddy and Satraajeet Mukherjee. 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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AV
Ananth Vummethala |
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Founded Year | Domain | Location |
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GM
Guru Manohar Reddy |
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Founded Year | Domain | Location |
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SM
Satraajeet Mukherjee |
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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 myPaisaa
| 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 - myPaisaa
| 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 |
Mypaisaa Comparisons
Competitors of myPaisaa
myPaisaa 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 Money Club, Shriram Chits, Finlok, SahaBhagi and Kanakadurga Chit funds, 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 |
Pooled savings and borrowing are facilitated by a community platform.
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| domain | founded_year | HQ Location |
Chit fund investments are facilitated through an online platform.
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| domain | founded_year | HQ Location |
Group savings are enabled via a digitized ROSCA model platform.
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| domain | founded_year | HQ Location |
SahaBhagi is a platform for managing financial self-help groups.
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| domain | founded_year | HQ Location |
Manages group savings and chit fund platforms for individual users.
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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 myPaisaa
When was myPaisaa founded?
myPaisaa was founded in 2020.
Where is myPaisaa located?
myPaisaa is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of myPaisaa?
Ravindranath Kamma is the current CEO of myPaisaa. They have also founded this company.
Is myPaisaa a funded company?
myPaisaa is a funded company, having raised a total of $450.27K across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $81.53K, raised on Dec 09, 2020.
How many employees does myPaisaa have?
As of May 31, 2025, the latest employee count at myPaisaa is 148.
What is the annual revenue of myPaisaa?
Annual revenue of myPaisaa is $641.81K as on Mar 31, 2024.
What does myPaisaa do?
myPaisaa was founded in 2020 in Hyderabad, India, within the fintech sector. A digital platform is operated to facilitate chit fund schemes, where groups contribute fixed monthly amounts for savings and borrowing. Participation in e-auctions is enabled, allowing users to access credit from accumulated funds. Traditional chit methods are supplemented through this online system, focusing on group-based financial participation across India.
Who are the top competitors of myPaisaa?
myPaisaa's top competitors include Shriram Chits, Money Club and Finlok.
Who are myPaisaa's investors?
myPaisaa has 10 investors. Key investors include Ananth Vummethala, Guru Manohar Reddy, Satraajeet Mukherjee, Srilalitha Bhattaram, and Nidamarthi Venkata Subraidu.
What is myPaisaa's valuation?
The valuation of myPaisaa is $8.82M as of Sep 2021.