About Oxigen
Oxigen is a Retail company based in Gurugram (India) founded in 2004 by Pramod Saxena. POS software is offered for online and offline business transactions. It operates in the Retail and Financial Services sectors. Oxigen has raised $50.18 million across 3 funding rounds from investors including Microsoft, Citi and Blue Label Telecoms. The company has 58 employees. Oxigen has completed 1 acquisition, including United Villages. Oxigen was last valued at $59.88 million in January 2016. Its Indian entity Oxigen Services (India) Private Limited. reported revenue of ₹41.06 Cr. Oxigen offers products and services including POS Web App, Micro ATM, Expense Management Solution, and Retail Solutions. Its focus areas include In Store Retail Tech, POS, FinTech and Payments. Its competitors include Ezetap, Mswipe and Innoviti; 3 of its 3 listed competitors have raised funding.
Company details
Oxigen was founded in 2004 in Gurugram, India, within the fintech sector. POS software is provided as a platform for retailers to handle transactions in both online and offline environments. Proprietary tools are utilized to support various payment methods, including digital wallets, UPI, Bharat QR, Aadhaar Pay, and merchant services. Operations focus on enabling seamless business payments across these channels.
- Headquarters Gurugram, India
- Employees 58
- Founders Pramod Saxena
- Stage Minicorn
- SectorsRetailFinancial Services
- Email••••••••
- Website myoxigen.com
- Social LinkedIn X Facebook
- Legal Name Oxigen Services (India) Private Limited
- Date of Incorporation 28 Aug, 2003
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹41.06 Cr
FY 2025 · +61% YoY
- Net Loss-₹34.00 Cr
FY 2025 · -83% margin
- EBITDA₹8.46 Cr
FY 2025 · 21% margin
- Total Equity Funding$50.18M (USD)
in 3 rounds
- Latest Funding Round$588.71K (USD), Series B
Jan 2016
- InvestorsMicrosoft
& 14 more
- Employee Count58
- Investments & Acquisitions
Associated legal entities of Oxigen
Oxigen is associated with 3 registered companies on The Company Check; the primary company is Oxigen Services (India) Private Limited.. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Oxigen Services (India) Private Limited. CIN U74999DL2003PTC121961 | Active | 28 Aug 2003 | New Delhi, Delhi | ₹41.1 Cr | 58 | 3 | View details |
| Vas Softcom Llp CIN AAL-5416 | Active | 28 Dec 2017 | New Delhi, Delhi | ₹0.0 Cr | 3 | View details | |
| Oxigen Online Services (India) Private Limited CIN U74999DL2009PTC187167 | Active | 02 Feb 2009 | New Delhi, Delhi | ₹16.6 Cr | 3 | 3 | View details |
Products & Services of Oxigen
Oxigen offers a comprehensive portfolio of products and services, including POS Web App, Micro ATM, Expense Management Solution, and Retail Solutions.
Platform for retail transactions including recharges and bill payments.
Device for cash deposits, withdrawals, and basic banking operations.
System to automate business expense tracking and reporting.
Services for retail outlets to handle recharges and ticket bookings.
Funding Insights of Oxigen
Oxigen has successfully raised a total of $50.18M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $588.71 thousand completed in January 2016. 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 $50.18M
- Total Rounds 3
- Last Round Series B — $588,712
- First Round $11.5M
(Mar 2006)
- Investors Count 15
All 3 funding rounds of Oxigen 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 2016 | $588,712 | Series B | $59.88M | Formula One Promotions And Entertainment | – |
| Jan 2008 | $38.09M | Series B | $82.28M | Microsoft, M12 | |
| Mar 2006 | $11.5M | Series A | $••••• | Citi |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2016 | $59.88M | •••••••• |
| Jan 2008 | $82.28M | •••••••• |
| Mar 2006 | $••••• | •••••••• |
Full valuation and stage history of Oxigen
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Last known valuation $59.88M (Jan 2016). 15 investors in total: 7 institutional and 8 angel.
Investors in Oxigen
Oxigen has secured backing from 15 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Microsoft, Citi and Blue Label Telecoms.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology startups are facilitated by M12. | m12.vc | San Francisco, United States | ||
Business consulting is provided for legal, media, and finance industries. | formulaonepromotionsandentertainment.tcc.mode | Mumbai, India | ||
Limited information available | neptuneinfocom.tcc.mode | Delhi, India | ||
Software development services are provided by VAS Softcom in India. | vassoftcom.tcc.mode | Delhi, India | ||
Telecommunications services and solutions are provided by Blue Label Telecoms. | 2007 | bluelabeltelecomms.com | ||
Microsoft is recognized for software, hardware, and gaming solutions. | 1975 | microsoft.com | Redmond, United States | |
Commercial banking and financial services are provided globally. | 1812 | citi.com | New York, United States | |
SK Sunil Kulkarni | Angel investor, ex-MD of Oxfam India, focuses on social impact startups | unknown_867df6bad9384996a | ||
PV Prashant Verma | Angel investor and tech entrepreneur, co-founder of PropTiger, active in real estate tech. | unknown_76a0babd15a748959 | ||
RM Rajesh Mittal | Angel investor, ex-Microsoft, focused on tech startups in India | unknown_8f886f87c4a04fd9b |
Investor details for Oxigen
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Board of directors of Oxigen Services (India) Private Limited. (Oxigen)
Oxigen Services (India) Private Limited. is the primary company behind Oxigen. The boards of the 3 registered companies of Oxigen currently have 5 directors; the longest-serving is Pramod Saxena, appointed in 2017. 48 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pramod Saxena DIN 01432952 | Partner | 28 Dec 2017 | 8 yrs 9 mo | Vas Softcom Llp, Oxigen Online Services (India) Private Limited, Oxigen Services (India) Private Limited. |
| Sunil Kulkarni DIN 02714177 | Designated Partner | 28 Dec 2017 | 8 yrs 9 mo | Vas Softcom Llp |
| Meherangez Sarid DIN 01946099 | Designated Partner | 28 Dec 2017 | 8 yrs 9 mo | Vas Softcom Llp |
| Prashant Verma DIN 00328093 | Director | 26 Dec 2019 | 6 yrs 10 mo | Oxigen Online Services (India) Private Limited, Oxigen Services (India) Private Limited. |
| Rajpal Singh Duggal DIN 02996787 | Director | 31 Dec 2020 | 5 yrs 9 mo | Oxigen Online Services (India) Private Limited, Oxigen Services (India) Private Limited. |
People of Oxigen
5 people are tracked at Oxigen (1 in leadership, 4 in team); the tracked headcount is 58.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
Vijay Swami | HR Manager | Team |
Rohit Shrivastava | Senior Software Engineer | Team |
Rajan Kumar | Deputy Manager | Team |
Raja Singh | Corporate Social Responsibility Manager | Team |
Complete people profiles for Oxigen
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Financials of Oxigen
Figures of Oxigen Services (India) Private Limited., the primary company behind Oxigen, for FY 2025. Revenue was ₹41.06 Cr (+61% year on year). Net loss was -₹34.00 Cr (-83% margin). EBITDA was ₹8.46 Cr (21% margin). Revenue has grown at a compounded annual rate of -18% over three years and -33% over five years.
- ₹41.06 CrRevenue · FY 2025 · +61% YoY
- -₹34.00 CrNet loss · -83% margin
- ₹8.46 CrEBITDA · 21% margin
- ₹16.32 CrPaid-up capital
- 58Employees (provident fund records)
- -18%Revenue CAGR, 3 years
- -33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Oxigen Services (India) Private Limited. are on its company page.
Detailed financial statements for Oxigen
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Investments & Acquisitions by Oxigen
Oxigen has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include United Villages.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Foundation focused on charitable trust for women and children | unitedvillages.com | Delhi, India | 2005 | Aug 2012 | •••• |
Complete acquisition details for Oxigen
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Timeline of Oxigen
5 dated milestones of Oxigen across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Oxigen is founded.
- Funding First funding round of $11.5M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires United Villages.
- Funding Latest funding round, Series B, of $589K.
Competitors of Oxigen
Oxigen has 3 listed competitors in our database, 3 of them funded. They include Ezetap, Mswipe and Innoviti.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ezetap.com | 2011 | Bengaluru, India | $66.4M | 532 | Cloud-based mPOS software and hardware solutions are provided for businesses. | |
| mswipe.com | 2011 | Mumbai, India | $125.95M | 1,088 | Point-of-sale machines, soundboxes, and merchant payment solutions are offered. | |
| innoviti.com | 2002 | Bengaluru, India | $141.01M | 198 | Integrated online and offline payment solutions are provided for businesses. |
Detailed competitors of Oxigen
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Web traffic of Oxigen
The website of Oxigen (myoxigen.com) receives about 1.6K visits a month.
- Monthly visits1.6K
Websites whose visitors overlap most with Oxigen. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| digitalindiacsp.in | 100% | #1,132,626 | View details | ||
| cspbankmitra.com | 97% | 7.9K | #2,828,993 | View details | |
digitalsuvidhakendra.in | digitalsuvidhakendra.in | 87% | #1,484,026 | – | |
| grahaksevakendra.in | 86% | #3,606,318 | View details | ||
| finkeda.com | 81% | 311.7K | #157,148 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for Oxigen
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Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as Oxigen (Autonomous & In-Store Retail Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | ||
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Platform powering online and in-store retail operations using AI-driven tools | 2012 | Mumbai, Maharashtra, India | USD 16.02 M | USD 43.86 M | 851 |
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Related news about Oxigen
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Frequently Asked Questions about Oxigen
Oxigen was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Oxigen is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Oxigen is a funded company, having raised a total of $50.18M across 3 funding rounds to date. The company's 1st funding round was a Series A of $11.5M, raised on Mar 2006.
Oxigen has 58 employees.
The primary company behind Oxigen, Oxigen Services (India) Private Limited., reported revenue of ₹41.06 Cr for FY 2025, up 61% year on year.
Oxigen was founded in 2004 in Gurugram, India, within the fintech sector. POS software is provided as a platform for retailers to handle transactions in both online and offline environments. Proprietary tools are utilized to support various payment methods, including digital wallets, UPI, Bharat QR, Aadhaar Pay, and merchant services. Operations focus on enabling seamless business payments across these channels.
Oxigen offers POS Web App, Micro ATM, Expense Management Solution, and Retail Solutions.
Oxigen has made 1 acquisition, including United Villages.
Oxigen has 15 investors. Key investors include Microsoft, Citi, Blue Label Telecoms, Formula One Promotions And Entertainment, and Neptune Infocom.
The valuation of Oxigen is $59.88M as of Jan 2016.
Oxigen is associated with 3 legal entities: Oxigen Services (India) Private Limited., Vas Softcom Llp, Oxigen Online Services (India) Private Limited.