About NGPay
NGPay is a company based in Bengaluru (India) founded in 2004 was acquired by Flipkart in December 2014. NGPay has raised $2.2 million across 2 funding rounds from investors including Flipkart and Helion Venture Partners. The company has 2 employees as of April 04, 2024. NGPay operates in a competitive market with competitors including PhonePe, MobiKwik, Alpha Bank, MoMo and Paytm, among others.
- Headquarter Bengaluru, India
- Employees 2 as on 04 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 Kitpay Private Limited
- Date of Incorporation 21 Apr, 2004
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$47.57 K (USD)-38.45as on Mar 31, 2022
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Net Profit
-$162.36 K (USD)-178.27as on Mar 31, 2022
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EBITDA
-$205.21 K (USD)-56.11as on Mar 31, 2022
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Total Equity Funding
$2.2 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Flipkart
& 1 more
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Employee Count
2
as on Apr 04, 2024
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Acquired by
Flipkart
(Dec 16, 2014)
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Funding Insights of NGPay
NGPay has successfully raised a total of $2.2M 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
(12 Aug 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Series B - NGPay | Valuation | Flipkart |
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| Aug, 2006 | Amount | Series A - NGPay | Valuation | Helion Venture Partners |
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Investors in NGPay
NGPay has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Flipkart and Helion Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early to late-stage venture capital is invested in Indian sectors.
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Founded Year | Domain | Location | |
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Multi-category consumer products are offered via an online marketplace platform.
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Founded Year | Domain | Location |
Investments & Acquisitions by NGPay
Financial Statements - NGPay
Ngpay Comparisons
Competitors of NGPay
NGPay 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 PhonePe, MobiKwik, Alpha Bank, MoMo and Paytm, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment, financial, investment, and lending services are provided digitally.
|
|
| domain | founded_year | HQ Location |
Operator of platform for online mobile, DTH recharge, and bill payments
|
|
| domain | founded_year | HQ Location |
Alpha Bank is recognized as a leading financial institution in Greece.
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| domain | founded_year | HQ Location |
MoMo is recognized as a leading fintech application in Vietnam, providing diverse financial services.
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| domain | founded_year | HQ Location |
Digital payments, financial services, and e-commerce platforms are provided.
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| domain | founded_year | HQ Location |
Digital wallet services for bill payments and recharges are facilitated.
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Latest news on Ngpay
Frequently Asked Questions about NGPay
NGPay was founded in 2004 and raised its 1st funding round 2 years after it was founded.
NGPay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
NGPay is a funded company, having raised a total of $2.2M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.2M, raised on Aug 12, 2006.
As of Apr 04, 2024, the latest employee count at NGPay is 2.
Annual revenue of NGPay is $47.57K as on Mar 31, 2022.
NGPay was established in 2004 in Bengaluru, India, within the e-commerce sector. An online platform is maintained for retailing diverse products, encompassing apparel, fashion accessories, footwear, beauty care items, home decor, and household appliances. Operations are centered on facilitating transactions across these categories for consumers in the region.
NGPay has 2 investors. Key investors include Flipkart, and Helion Venture Partners.