About Nupay
Nupay is a Financial Services company based in Gurugram (India) founded in 2018 by Neeraj Singh and Alok Arora. API infrastructure for banking, payments, lending, and reconciliation is provided. It operates on a API-as-a-Product and FinTech model in Financial Services and Technology sectors. Nupay has raised $1.55 million across 5 funding rounds from investors including Venture Catalysts, Italica and Pranjal Corporate Services. The company has 26 employees. Nupay was last valued at $3.87 million in October 2020. Its chief executive, as recorded, is Alok Arora. Its Indian entity Entellus Business Solutions Private Limited reported revenue of ₹12.77 Cr. Nupay offers products and services including iRP, autoNACH, and Embedded Finance. Its focus areas include FinTech and Banking Solutions. Its competitors include Vyapar, Cashinvoice and IppoPay; 3 of its 3 listed competitors have raised funding.
Company details
Nupay is established as an API infrastructure provider that enables enterprises to integrate fintech solutions seamlessly. Services are offered in open banking, payment collection, and embedded finance. Solutions are provided for bank payouts, recurring payments, and financial products like loans and accounts. The company operates within the fintech sector, focusing on automation and reconciliation across multiple banks. Enterprises are supported with tools to manage receivables, payables, and invoicing efficiently.
- Headquarters Gurugram, India
- Employees 26
- Founders Neeraj Singh, Alok Arora
- Stage Minicorn
- SectorsFinancial ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website nupay.co.in
- Social LinkedIn X Facebook
- Legal Name Entellus Business Solutions Pvt Ltd
- Date of Incorporation 07 Jun, 2018
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹12.77 Cr
FY 2024 · -77% YoY
- Net Loss-₹2.56 Cr
FY 2024 · -20% margin
- EBITDA-₹1.63 Cr
FY 2024 · -13% margin
- Total Equity Funding$1.55M (USD)
in 5 rounds
- Latest Funding Round$708.44K (USD), Seed
Apr 2022
- InvestorsVenture Catalysts
& 71 more
- Employee Count26
Associated legal entities of Nupay
Nupay operates through Entellus Business Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Entellus Business Solutions Private Limited CIN U74999DL2018PTC335020 | Active | 07 Jun 2018 | New Delhi, Delhi | ₹12.8 Cr | 26 | 2 | View details |
Products & Services of Nupay
Nupay offers a comprehensive portfolio of products and services, including iRP, autoNACH, and Embedded Finance.
Integrated platform for receivables and payables automation provided.
Recurring payments are collected through eMandates and BBPS.
Financial products like loans and accounts are offered.
Funding Insights of Nupay
Nupay has successfully raised a total of $1.55M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $708.44 thousand completed in April 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 $1.55M
- Total Rounds 5
- Last Round Seed — $708,436
- First Round $76,023
(Oct 2019)
- Investors Count 72
All 5 funding rounds of Nupay 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 |
|---|---|---|---|---|---|
| Apr 2022 | $708,436 | Seed | – | LetsVenture | |
| Oct 2020 | $340,725 | Seed | $3.87M | Navin Puri | |
| Jan 2020 | $428,577 | Seed | $3.28M | Pranjal Corporate Services, Vista Business Ventures | |
| Jan 2020 | Seed | – | – | – | |
| Oct 2019 | $76,023 | Angel Round | $••••• | Vijaya Lakshmi Chalasani, Gaurav Gupta | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2020 | $3.87M | •••••••• |
| Jan 2020 | $3.28M | •••••••• |
| Oct 2019 | $••••• | •••••••• |
Full valuation and stage history of Nupay
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $3.87M (Oct 2020). 71 investors in total: 11 institutional and 60 angel.
Investors in Nupay
Nupay has secured backing from 71 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Venture Catalysts, Italica and Pranjal Corporate Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Business solutions for retailers are provided by Vista Business Ventures. | vistabusinessventures.tcc.mode | Mumbai, India | ||
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
| dmisparklefund.in | ||||
Financial advisory, investment banking, and corporate services in India. | 1995 | pranjal.co.in | Mumbai, India | |
Venture capital operations are managed from Kolkata, India. | tulsaventures.tcc.mode | Kolkata, India | ||
Limited information is available on Magniphi Partners' core activities. | magniphipartners.tcc.mode | Delhi, India | ||
Housing services are provided in Kolkata, India. | risewellhousing.tcc.mode | Kolkata, India | ||
Italica is engaged in manufacturing and selling plastic furniture. | 1992 | italica.com | Mumbai, India | |
Produces eco-friendly fly ash bricks and various construction products for industrial use. | 2013 | hardenbricks.in | Howrah, India | |
| letsventure.com |
Investor details for Nupay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Entellus Business Solutions Private Limited (Nupay)
Entellus Business Solutions Private Limited is the primary company behind Nupay. The board of Entellus Business Solutions Private Limited currently have 2 directors; the longest-serving is Alok Arora, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Alok Arora DIN 07549923 | Director | 07 Jun 2018 | 8 yrs 4 mo | Entellus Business Solutions Private Limited |
| Neeraj Singh DIN 07436254 | Director | 07 Jun 2018 | 8 yrs 4 mo | Entellus Business Solutions Private Limited |
People of Nupay
12 people are tracked at Nupay (3 in leadership, 9 in team); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Nishant Mahajan | Chief Business Officer | Leadership |
Ishan Goyal | Full Stack Developer | Team |
Ankur Gupta | PHP Developer | Team |
Ather Rashid | Tech-Lead | Team |
Avdhesh Gangwar | Technical Lead | Team |
Aakash sharma | Software Developer | Team |
Kavita Manocha | Software Engineer | Team |
Pankaj katiyar | Technical Lead | Team |
Ankit Mishra | Back End Developer | Team |
Vibin Muthusamy | Engineering Manager | Team |
Complete people profiles for Nupay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Nupay
Figures of Entellus Business Solutions Private Limited, the primary company behind Nupay, for FY 2024. Revenue was ₹12.77 Cr (-77% year on year). Net loss was -₹2.56 Cr (-20% margin). EBITDA was -₹1.63 Cr (-13% margin). Revenue has grown at a compounded annual rate of +166% over three years and +89% over five years.
- ₹12.77 CrRevenue · FY 2024 · -77% YoY
- -₹2.56 CrNet loss · -20% margin
- -₹1.63 CrEBITDA · -13% margin
- ₹1.4 LakhPaid-up capital
- 26Employees (provident fund records)
- +166%Revenue CAGR, 3 years
- +89%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Entellus Business Solutions Private Limited are on its company page.
Detailed financial statements for Nupay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Nupay
4 dated milestones of Nupay across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Nupay is founded.
- Funding First funding round of $76K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $708K.
Competitors of Nupay
Nupay has 3 listed competitors in our database, 3 of them funded. They include Vyapar, Cashinvoice and IppoPay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vyaparapp.in | 2016 | Bengaluru, India | $35.89M | 1,155 | Cloud-based invoicing and inventory tools for small businesses are provided. | |
| cashinvoice.in | 2018 | Mumbai, India | $6.64M | 91 | Online platform offering cash flow automation and business loans | |
| ippopay.com | 2020 | Chennai, India | $4.65M | 229 | QR codes and UPIs are used for business payment acceptance. |
Detailed competitors of Nupay
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Verified entity values are shown only after access is granted.
Web traffic of Nupay
The website of Nupay (nupay.co.in) receives about 6.5K visits a month.
- Monthly visits6.5K
▲ 230.7% vs previous month
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Complete news archive for Nupay
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Frequently Asked Questions about Nupay
Nupay was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Nupay is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Alok Arora is the CEO of Nupay, as recorded in our data. They have also founded this company.
Nupay is a funded company, having raised a total of $1.55M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $76.02K, raised on Oct 2019.
Nupay has 26 employees.
The primary company behind Nupay, Entellus Business Solutions Private Limited, reported revenue of ₹12.77 Cr for FY 2024, down 77% year on year.
Nupay is established as an API infrastructure provider that enables enterprises to integrate fintech solutions seamlessly. Services are offered in open banking, payment collection, and embedded finance. Solutions are provided for bank payouts, recurring payments, and financial products like loans and accounts. The company operates within the fintech sector, focusing on automation and reconciliation across multiple banks. Enterprises are supported with tools to manage receivables, payables, and invoicing efficiently.
Nupay's top competitors include Vyapar, IppoPay and Cashinvoice.
Nupay offers iRP, autoNACH, and Embedded Finance.
Nupay has 71 investors. Key investors include Venture Catalysts, Italica, Pranjal Corporate Services, Harden Bricks, and Vista Business Ventures.
The valuation of Nupay is $3.87M as of Oct 2020.
Nupay operates through Entellus Business Solutions Private Limited.