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
*********
- 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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| 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 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. 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 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 |
| 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 NGPay
| 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 - NGPay
| 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 |
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. 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 |
Payment, financial, investment, and lending services are provided digitally.
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| domain | founded_year | HQ Location |
Operator of platform for online mobile, DTH recharge, and bill payments
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| 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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| 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 NGPay
When was NGPay founded?
NGPay was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is NGPay located?
NGPay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is NGPay a funded company?
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.
How many employees does NGPay have?
As of Apr 04, 2024, the latest employee count at NGPay is 2.
What is the annual revenue of NGPay?
Annual revenue of NGPay is $47.57K as on Mar 31, 2022.
What does NGPay do?
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.
Who are NGPay's investors?
NGPay has 2 investors. Key investors include Flipkart, and Helion Venture Partners.
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