About Nupay
Nupay is a company based in Gurugram (India) founded in 2018 by Neeraj Singh and Alok Arora. It operates as a API-as-a-Product, and FinTech. Nupay has raised $1.55 million across 4 funding rounds from investors including Venture Catalysts, Italica and Pranjal Corporate Services. The company has 26 employees as of April 05, 2024. Nupay offers products and services including iRP, autoNACH, and Embedded Finance. Nupay operates in a competitive market with competitors including ION Group, Vyapar, Backbase, Cashinvoice and IppoPay, among others.
- Headquarter Gurugram, India
- Employees 26 as on 05 Apr, 2024
- Founders Neeraj Singh, Alok Arora
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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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 Entellus Business Solutions Pvt Ltd
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$6.55 M (USD)112.65as on Mar 31, 2023
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Net Profit
$-571.57 K (USD)-31.8as on Mar 31, 2023
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EBITDA
$-531.46 K (USD)-44.28as on Mar 31, 2023
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Total Equity Funding
$1.55 M (USD)
in 4 rounds
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Latest Funding Round
$708.44 K (USD), Seed
Apr 07, 2022
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Investors
Venture Catalysts
& 71 more
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Employee Count
26
as on Apr 05, 2024
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Products & Services of Nupay
Nupay offers a comprehensive portfolio of products and services, including iRP, autoNACH, and Embedded Finance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Integrated platform for receivables and payables automation provided.
Recurring payments are collected through eMandates and BBPS.
Financial products like loans and accounts are offered.
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Funding Insights of Nupay
Nupay has successfully raised a total of $1.55M across 4 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 Total Funding
- Total Rounds 4
- Last Round Seed — $708,436
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First Round
First Round
(10 Oct 2019)
- Investors Count 72
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - Nupay | Valuation | LetsVenture | |
| Oct, 2020 | Amount | Seed - Nupay | Valuation | Navin Puri | |
| Jan, 2020 | Amount | Seed - Nupay | Valuation | Pranjal Corporate Services , Vista Business Ventures |
| 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 Nupay
Nupay has secured backing from 72 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Venture Catalysts, Italica and Pranjal Corporate Services. 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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Business solutions for retailers are provided by Vista Business Ventures.
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Founded Year | Domain | Location | |
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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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 Nupay
| 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 - Nupay
| 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 |
Nupay Comparisons
Competitors of Nupay
Nupay 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 ION Group, Vyapar, Backbase, Cashinvoice and IppoPay, 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 |
Treasury management solutions are provided for financial institutions and banks.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and inventory tools for small businesses are provided.
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| domain | founded_year | HQ Location |
AI-powered banking platforms are provided for operational growth.
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| domain | founded_year | HQ Location |
Online platform offering cash flow automation and business loans
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| domain | founded_year | HQ Location |
QR codes and UPIs are used for business payment acceptance.
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| domain | founded_year | HQ Location |
SaaS solutions for accounts receivables management are delivered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Nupay
Frequently Asked Questions about Nupay
When was Nupay founded?
Nupay was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Nupay located?
Nupay is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Nupay?
Alok Arora is the current CEO of Nupay. They have also founded this company.
Is Nupay a funded company?
Nupay is a funded company, having raised a total of $1.55M across 4 funding rounds to date. The company's 1st funding round was a Seed of $428.58K, raised on Oct 10, 2019.
How many employees does Nupay have?
As of Apr 05, 2024, the latest employee count at Nupay is 26.
What is the annual revenue of Nupay?
Annual revenue of Nupay is $6.55M as on Mar 31, 2023.
What does Nupay do?
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.
What products or services does Nupay offer?
Nupay offers iRP, autoNACH, and Embedded Finance.
Who are Nupay's investors?
Nupay has 72 investors. Key investors include Venture Catalysts, Italica, Pranjal Corporate Services, Harden Bricks, and Vista Business Ventures.
What is Nupay's valuation?
The valuation of Nupay is $3.87M as of Oct 2020.