About OnionPay
OnionPay is a Financial Services company based in Gurugram (India) founded in 2020 by Wang Chao, Qiang Su, and Jian Li. Online payment gateways are offered for business transactions. OnionPay has raised $467.1 thousand across 1 funding round from investors including Agiledev. The company has 43 employees. OnionPay was last valued at $4.66 million in January 2022. Its Indian entity Zhudao Infotech Private Limited reported revenue of ₹36.38 Cr. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
OnionPay was founded in 2020 in Gurugram, India, focusing on the fintech sector for payment processing. Services encompass checkout integrations, online stores with built-in gateways for payment collection, and QR-code acceptance options. Accessibility is ensured through Android and iOS applications as well as a web platform, supporting businesses in handling digital transactions across various channels.
- Headquarters Gurugram, India
- Employees 43
- Founders Wang Chao, Qiang Su, Jian Li
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website onion-pay.com
- Social LinkedIn X Facebook
- Legal Name Zhudao Infotech Private Limited
- Date of Incorporation 08 Nov, 2016
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹36.38 Cr
FY 2022 · +6288% YoY
- Net Profit₹23.05 Cr
FY 2022 · 63% margin
- EBITDA₹30.80 Cr
FY 2022 · 85% margin
- Total Equity Funding$467.1K (USD)
in 1 rounds
- Latest Funding Round$467.1K (USD), Seed
Jan 2022
- Employee Count43
Associated legal entities of OnionPay
OnionPay operates through Zhudao Infotech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Zhudao Infotech Private Limited CIN U72900HR2016PTC066331 | Active | 08 Nov 2016 | Gurgaon, Haryana | ₹36.4 Cr | 43 | 2 | View details |
Funding Insights of OnionPay
OnionPay has successfully raised a total of $467.1K through 1 strategic funding round. The most recent funding activity was a Seed round of $467.1 thousand completed in January 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 $467,096
- Total Rounds 1
- Last Round Seed — $467,096
- First Round $467,096
(Jan 2022)
- Investors Count 1
All 1 funding rounds of OnionPay 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 |
|---|---|---|---|---|---|
| Jan 2022 | $467,096 | Seed | $4.66M | Agiledev | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $4.66M | •••••••• |
Last known valuation $4.66M (Jan 2022). 1 investors in total: 1 institutional.
Investors in OnionPay
OnionPay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Agiledev.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | agiledev.tcc.mode | Mumbai, India |
Investor details for OnionPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Zhudao Infotech Private Limited (OnionPay)
Zhudao Infotech Private Limited is the primary company behind OnionPay. The board of Zhudao Infotech Private Limited currently have 2 directors; the longest-serving is Jian Li, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jian Li DIN 06495611 | Director | 08 Nov 2016 | 9 yrs 11 mo | Zhudao Infotech Private Limited |
| Vishal Sharma DIN 10671506 | Additional Director | 18 Jun 2024 | 2 yrs 4 mo | Zhudao Infotech Private Limited |
People of OnionPay
3 people are tracked at OnionPay (3 in leadership); the tracked headcount is 43.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for OnionPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of OnionPay
Figures of Zhudao Infotech Private Limited, the primary company behind OnionPay, for FY 2022. Revenue was ₹36.38 Cr (+6288% year on year). Net profit was ₹23.05 Cr (63% margin). EBITDA was ₹30.80 Cr (85% margin). Revenue has grown at a compounded annual rate of +238% over three years and +110% over five years.
- ₹36.38 CrRevenue · FY 2022 · +6288% YoY
- ₹23.05 CrNet profit · 63% margin
- ₹30.80 CrEBITDA · 85% margin
- ₹21.1 LakhPaid-up capital
- 43Employees (provident fund records)
- +238%Revenue CAGR, 3 years
- +110%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Zhudao Infotech Private Limited are on its company page.
Detailed financial statements for OnionPay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of OnionPay
3 dated milestones of OnionPay across 2 years, from founding to its latest funding, stage changes and deals.
- Founded OnionPay is founded.
- Funding First funding round of $467K.
- Milestone Reaches Minicorn status.
Competitors of OnionPay
OnionPay has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed competitors of OnionPay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as OnionPay (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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Frequently Asked Questions about OnionPay
OnionPay was founded in 2020 and raised its 1st funding round 2 years after it was founded.
OnionPay is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
OnionPay is a funded company, having raised a total of $467.1K across 1 funding round to date. The company's 1st funding round was a Seed of $467.1K, raised on Jan 2022.
OnionPay has 43 employees.
The primary company behind OnionPay, Zhudao Infotech Private Limited, reported revenue of ₹36.38 Cr for FY 2022, up 6288% year on year.
OnionPay was founded in 2020 in Gurugram, India, focusing on the fintech sector for payment processing. Services encompass checkout integrations, online stores with built-in gateways for payment collection, and QR-code acceptance options. Accessibility is ensured through Android and iOS applications as well as a web platform, supporting businesses in handling digital transactions across various channels.
OnionPay has 1 investor. Key investors include Agiledev.
The valuation of OnionPay is $4.66M as of Jan 2022.
OnionPay operates through Zhudao Infotech Private Limited.
The legal entities of OnionPay currently have 2 directors, including Jian Li, Vishal Sharma.