About NGPay
NGPay is a Financial Services company based in Bengaluru (India) founded in 2004, and was acquired by Flipkart in December 2014. Multi-category products are offered through an online marketplace. NGPay has raised $2.2 million across 2 funding rounds from investors including Flipkart and Helion Venture Partners. The company has 2 employees. Its Indian entity Naad Software Private Limited reported revenue of ₹28 Lakh. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include PhonePe, MobiKwik and Paytm; 3 of its 3 listed competitors have raised funding.
Company details
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.
Associated legal entities of NGPay
NGPay operates through Naad Software Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Naad Software Private Limited CIN U72200KA2004PTC033790 | Active | 21 Apr 2004 | Bangalore, Karnataka | ₹0.3 Cr | 2 | 3 | View details |
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 $2.2M
- Total Rounds 2
- First Round $2.2M
(Aug 2006)
- Investors Count 2
All 2 funding rounds of NGPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2014 | Series B | – | Flipkart | – | |
| Aug 2006 | $2.2M | Series A | – | Helion Venture Partners | – |
2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Early to late-stage venture capital is invested in Indian sectors. | helionvc.com | Gurugram, India | ||
Multi-category consumer products are offered via an online marketplace platform. | 2007 | flipkart.com | Bengaluru, India |
Investor details for NGPay
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Board of directors of Naad Software Private Limited (NGPay)
Naad Software Private Limited is the primary company behind NGPay. The board of Naad Software Private Limited currently have 2 directors; the longest-serving is Sourabh Jain, appointed in 2004. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sourabh Jain DIN 00702148 | Managing Director | 21 Apr 2004 | 22 yrs 6 mo | Naad Software Private Limited |
| Ruchika Jain DIN 07263789 | Director | 13 Apr 2017 | 9 yrs 6 mo | Naad Software Private Limited |
Financials of NGPay
Figures of Naad Software Private Limited, the primary company behind NGPay, for FY 2025. Revenue was ₹28 Lakh (-34% year on year). Net loss was -₹13.2 Lakh (-47% margin). EBITDA was -₹13.2 Lakh (-47% margin). Revenue has grown at a compounded annual rate of -11% over three years and -22% over five years.
- ₹28 LakhRevenue · FY 2025 · -34% YoY
- -₹13.2 LakhNet loss · -47% margin
- -₹13.2 LakhEBITDA · -47% margin
- ₹30.80 CrPaid-up capital
- 2Employees (provident fund records)
- -11%Revenue CAGR, 3 years
- -22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Naad Software Private Limited are on its company page.
Detailed financial statements for NGPay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of NGPay
4 dated milestones of NGPay across 10 years, from founding to its latest funding, stage changes and deals.
- Founded NGPay is founded.
- Funding First funding round of $2.2M.
- Funding Latest funding round, Series B,.
- Exit Acquired by Flipkart.
Competitors of NGPay
NGPay has 3 listed competitors in our database, 3 of them funded. They include PhonePe, MobiKwik and Paytm.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.71B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. |
Detailed competitors of NGPay
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Web traffic of NGPay
Websites that share an audience with NGPay (ngpay.com).
Websites whose visitors overlap most with NGPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
store.ovi.com | store.ovi.com | 100% | – | ||
play.google.com | play.google.com | 96% | – | ||
paymate.co.in | paymate.co.in | 92% | – | ||
| itzcash.com | 92% | 340.3K | #105,911 | View details | |
| mchek.com | 83% | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as NGPay (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Ngpay
Complete news archive for NGPay
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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 2006.
NGPay has 2 employees.
The primary company behind NGPay, Naad Software Private Limited, reported revenue of ₹28 Lakh for FY 2025, down 34% year on year.
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.
NGPay operates through Naad Software Private Limited.
Yes. NGPay was acquired by Flipkart in December 2014.
The legal entities of NGPay currently have 3 directors, including Sourabh Jain, Ruchika Jain, Kumud Dwivedi.