About Onymy
Onymy was a Financial Services company based in Chennai (India) founded in 2014 by Murali Krishnan Vaidyanathan. It provides invoice payment collection and acceptance solutions for businesses. It operates on a B2B model. Onymy has raised $196.6 thousand across 3 funding rounds from investors including Shyam Sundar Doraiswamy, Sushila Kasliwal and Catalyst. Onymy was last valued at $10.13 million in March 2019. Its chief executive, as recorded, is Murali Krishnan Vaidyanathan. Its Indian entity Onymy Infocomm Private Limited reported revenue of ₹27.5 Lakh. The company is recorded as dissolved. Its focus areas include FinTech, Payment Processing and Invoice Management. Its competitors include Cashinvoice, IppoPay and Nupay; 3 of its 3 listed competitors have raised funding.
Company details
Onymy provides invoice payment collection and acceptance solutions for businesses through offering financial products and advice, innovating financial technology, processing payments securely, and invoice management. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Chennai, India
- Founders Murali Krishnan Vaidyanathan
- Stage Minicorn
- SectorsFinancial Services
- Website onymy.com
- Social X
- Legal Name Onymy Infocomm Private Limited
- Date of Incorporation 26 Aug, 2014
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹27.5 Lakh
FY 2019 · +316% YoY
- Net Loss-₹48.4 Lakh
FY 2019 · -176% margin
- EBITDA-₹75.7 Lakh
FY 2019 · -275% margin
- Total Equity Funding$196.6K (USD)
in 3 rounds
- Latest Funding Round$43.4K (USD), Angel Round
Mar 2019
- InvestorsCatalyst
& 5 more
Associated legal entities of Onymy
Onymy operates through Onymy Infocomm Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Onymy Infocomm Private Limited CIN U72900TN2014PTC097078 | Active | 26 Aug 2014 | Chennai, Tamil Nadu | ₹0.3 Cr | 2 | View details |
Funding Insights of Onymy
Onymy has successfully raised a total of $196.6K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $43.4 thousand completed in March 2019. 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 $196,604
- Total Rounds 3
- Last Round Angel Round — $43,398
- First Round $92,420
(Oct 2017)
- Investors Count 6
All 3 funding rounds of Onymy 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 |
|---|---|---|---|---|---|
| Mar 2019 | $43,398 | Angel Round | $10.13M | Shyam Sundar Doraiswamy, Sushila Kasliwal | – |
| Apr 2018 | $60,786 | Seed | $10.66M | Catalyst | |
| Oct 2017 | $92,420 | Angel Round | $••••• | Sushila Kasliwal |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2019 | $10.13M | •••••••• |
| Apr 2018 | $10.66M | •••••••• |
| Oct 2017 | $••••• | •••••••• |
Full valuation and stage history of Onymy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $10.13M (Mar 2019). 6 investors in total: 1 institutional and 5 angel.
Investors in Onymy
Onymy has secured backing from 6 investors, including angel and venture fund investors. Prominent investors backing the company include Shyam Sundar Doraiswamy, Sushila Kasliwal and Catalyst.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups in the fintech sector are incubated by Catalyst. | cashlesscatalyst.org | Delhi, India | ||
SS Shyam Sundar Doraiswamy | unknown_a13bc88ad1d14b7eb | |||
SK Sushila Kasliwal | unknown_c2dadf85d7f742738 | |||
VS Vishnupriya Srinivasan | unknown_f0e5e588850d4f35a | |||
AG Ashwin Ganesh | Angel investor and entrepreneur, focused on tech startups in India. | unknown_31ba9649febb46a49 | ||
PS Priya Shyam Sunder | unknown_b1b69f5871b149a79 |
Investor details for Onymy
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Verified entity values are shown only after access is granted.
Board of directors of Onymy Infocomm Private Limited (Onymy)
Onymy Infocomm Private Limited is the primary company behind Onymy. The board of Onymy Infocomm Private Limited currently have 2 directors; the longest-serving is Rajalakshmi Vaidhyanathan, appointed in 2014. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajalakshmi Vaidhyanathan DIN 03575244 | Director | 26 Aug 2014 | 12 yrs 2 mo | Onymy Infocomm Private Limited |
| Murali Krishnan Vaidyanathan DIN 03541809 | Director | 26 Aug 2014 | 12 yrs 2 mo | Onymy Infocomm Private Limited |
People of Onymy
1 people are tracked at Onymy (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for Onymy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Onymy
Figures of Onymy Infocomm Private Limited, the primary company behind Onymy, for FY 2019. Revenue was ₹27.5 Lakh (+316% year on year). Net loss was -₹48.4 Lakh (-176% margin). EBITDA was -₹75.7 Lakh (-275% margin).
- ₹27.5 LakhRevenue · FY 2019 · +316% YoY
- -₹48.4 LakhNet loss · -176% margin
- -₹75.7 LakhEBITDA · -275% margin
- ₹1.04 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Onymy Infocomm Private Limited are on its company page.
Detailed financial statements for Onymy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Onymy
4 dated milestones of Onymy across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Onymy is founded.
- Funding First funding round of $92K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $43K.
Competitors of Onymy
Onymy has 3 listed competitors in our database, 3 of them funded. They include Cashinvoice, IppoPay and Nupay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 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. | |
| nupay.co.in | 2018 | Gurugram, India | $845,325 | 21 | API infrastructure for banking, payments, lending, and reconciliation is provided. |
Detailed competitors of Onymy
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Related news about Onymy
Complete news archive for Onymy
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Frequently Asked Questions about Onymy
Onymy was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Onymy is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Murali Krishnan Vaidyanathan is the CEO of Onymy, as recorded in our data. They have also founded this company.
Onymy is a funded company, having raised a total of $196.6K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $92.42K, raised on Oct 2017.
The primary company behind Onymy, Onymy Infocomm Private Limited, reported revenue of ₹27.5 Lakh for FY 2019, up 316% year on year.
Onymy provides invoice payment collection and acceptance solutions for businesses through offering financial products and advice, innovating financial technology, processing payments securely, and invoice management. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Onymy's top competitors include IppoPay, Cashinvoice and Nupay.
Onymy has 6 investors. Key investors include Shyam Sundar Doraiswamy, Sushila Kasliwal, Catalyst, Vishnupriya Srinivasan, and Ashwin Ganesh.
The valuation of Onymy is $10.13M as of Mar 2019.
Onymy operates through Onymy Infocomm Private Limited.
The legal entities of Onymy currently have 2 directors, including Rajalakshmi Vaidhyanathan, Murali Krishnan Vaidyanathan.