About Obopay
Obopay is a company based in Bengaluru (India) founded in 2005 by Desikachari Padmanabhan was acquired by BillPin in April 2013.. Obopay has raised $144.76 million across 7 funding rounds from investors including Qualcomm, Citi and Société Générale. The company has 16 employees as of April 09, 2024. Obopay has completed 1 acquisition, including Mubble. Obopay offers products and services including Mobile Payment Solutions, Business Solutions, Agent Solutions, OBOPAY Card, and Distribution Management System. Obopay operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Adyen, among others.
- Headquarter Bengaluru, India
- Employees 16 as on 09 Apr, 2024
- Founders Desikachari Padmanabhan
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Obopay Mobile Technology India Private Limited
- Date of Incorporation 06 Mar, 2007
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$543.43 K (USD)-20.66as on Mar 31, 2023
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Net Profit
$-249.15 K (USD)25.05as on Mar 31, 2023
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EBITDA
$-105.4 K (USD)63.39as on Mar 31, 2023
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Total Equity Funding
$144.76 M (USD)
in 7 rounds
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Latest Funding Round
$15 M (USD), Debt – Conventional
Oct 29, 2017
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Investors
Qualcomm
& 12 more
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Employee Count
16
as on Apr 09, 2024
- Investments & Acquisitions
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Acquired by
BillPin
(Apr 03, 2013)
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Products & Services of Obopay
Obopay offers a comprehensive portfolio of products and services, including Mobile Payment Solutions, Business Solutions, Agent Solutions, OBOPAY Card, and Distribution Management System. 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.
Platform for money management and secure transactions
Reliable system for quick and safe business dealings
Scalable tool to expand market reach and agent networks
Card for handling mobile money and related queries
System to manage and extend distribution channels
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Funding Insights of Obopay
Obopay has successfully raised a total of $144.76M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15 million completed in October 2017. 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 7
- Last Round Debt – Conventional — $15.0M
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First Round
First Round
(08 Mar 2006)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Debt – Conventional - Obopay | Valuation |
investors |
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| Jul, 2011 | Amount | Series E - Obopay | Valuation |
investors |
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| Mar, 2009 | Amount | Series E - Obopay | Valuation |
investors |
| 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 Obopay
Obopay has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Qualcomm, Citi and Société Générale. 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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Private debt fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Redpoint Ventures is engaged in venture capital investments.
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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 Obopay
Obopay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mubble. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile based prepaid bill application
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Obopay
| 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 |
Obopay Comparisons
Competitors of Obopay
Obopay 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 Stripe, Razorpay, Flutterwave, PayU and Adyen, 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 processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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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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Latest news on Obopay
Frequently Asked Questions about Obopay
When was Obopay founded?
Obopay was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Obopay located?
Obopay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Obopay a funded company?
Obopay is a funded company, having raised a total of $144.76M across 7 funding rounds to date. The company's 1st funding round was a Series E of $70M, raised on Mar 08, 2006.
How many employees does Obopay have?
As of Apr 09, 2024, the latest employee count at Obopay is 16.
What is the annual revenue of Obopay?
Annual revenue of Obopay is $543.43K as on Mar 31, 2023.
What does Obopay do?
Obopay was founded in 2005 in Bengaluru, India, within the fintech sector. Mobile payment solutions are offered to businesses, allowing consumers and businesses to handle purchases, payments, and money transfers using mobile apps, text messages, mobile web, or the Obopay.com platform. Operations are supported across all mobile phones and carriers, with a focus on accessibility in emerging markets.
What products or services does Obopay offer?
Obopay offers Mobile Payment Solutions, Business Solutions, Agent Solutions, OBOPAY Card, and Distribution Management System.
How many acquisitions has Obopay made?
Obopay has made 1 acquisition, including Mubble.
Who are Obopay's investors?
Obopay has 13 investors. Key investors include Qualcomm, Citi, Société Générale, Nokia, and Banque Atlantique.
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