About Paisawapas
Paisawapas is a Retail company based in Bengaluru (India) founded in 2014 by Shankar Kotuli and Ashish Kumar. Online deals and coupons discovery platform for multi-category products and services. Paisawapas has raised $44.57 thousand across 1 funding round from investors including Vividhity Ventures, Sandeep Karmongikar and Neeraj Gupta. The company has 47 employees. Paisawapas was last valued at $746.82 thousand in December 2016. Its chief executive, as recorded, is Shankar Kotuli. Its website paisawapas.com draws about 382 thousand monthly visits. Its Indian entity Nxtify Technologies Private Limited reported revenue of ₹69.02 Cr. Paisawapas offers products and services including Cashback Service, Coupon Platform, and Deals App. Its focus areas include Coupons and Deals, Deals and Deal Discovery. Its competitors include SayF, CouponDunia and Super Smart Deals; 1 of its 3 listed competitors has raised funding.
Company details
Paisawapas was founded in 2014 in Bengaluru, India, as an online platform focused on the e-commerce sector. Deals and coupons across various product and service categories are aggregated and presented to users. Operations center on facilitating savings through partnerships with retailers. The company is led by co-founder and CEO Shankar Kotuli, alongside co-founder Ashish Kumar. Services extend to a broad user base in India via the paisawapas.com domain.
- Headquarters Bengaluru, India
- Employees 47
- Founders Shankar Kotuli, Ashish Kumar
- SectorsRetail
- Email••••••••
- Website paisawapas.com
- Social LinkedIn X Facebook Instagram
- Legal Name Nxtify Technologies Private Limited
- Date of Incorporation 02 Dec, 2014
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹69.02 Cr
FY 2024 · +24% YoY
- Net Profit₹3.45 Cr
FY 2024 · 5% margin
- EBITDA₹4.89 Cr
FY 2024 · 7% margin
- Total Equity Funding$44.57K (USD)
in 1 rounds
- Latest Funding Round$44.57K (USD), Seed
Dec 2016
- InvestorsVividhity Ventures
& 7 more
- Employee Count47
Associated legal entities of Paisawapas
Paisawapas operates through Nxtify Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nxtify Technologies Private Limited CIN U72200KA2014PTC077515 | Active | 02 Dec 2014 | Bengaluru, Karnataka | ₹69.0 Cr | 47 | 2 | View details |
Products & Services of Paisawapas
Paisawapas offers a comprehensive portfolio of products and services, including Cashback Service, Coupon Platform, and Deals App.
Platform for earning cashback on online purchases
Provides discount coupons for various stores
App offering exclusive shopping deals and rewards
Apps and channels of Paisawapas
Paisawapas publishes 1 mobile app with over 1M+ downloads.
Funding Insights of Paisawapas
Paisawapas has successfully raised a total of $44.57K through 1 strategic funding round. The most recent funding activity was a Seed round of $44.57 thousand completed in December 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 $44,569
- Total Rounds 1
- Last Round Seed — $44,569
- First Round $44,569
(Dec 2016)
- Investors Count 8
All 1 funding rounds of Paisawapas 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 |
|---|---|---|---|---|---|
| Dec 2016 | $44,569 | Seed | $746,818 | Vividhity Ventures |
Last known valuation $746,818 (Dec 2016). 8 investors in total: 1 institutional and 7 angel.
Investors in Paisawapas
Paisawapas has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Vividhity Ventures, Sandeep Karmongikar and Neeraj Gupta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology innovation platform providing advisory and development services for scalable solutions. | 2016 | vividhity.com | Bengaluru, India | |
SK Sandeep Karmongikar | unknown_e6bb4eede0f9476da | |||
NG Neeraj Gupta | Founder of Cervin Ventures, active angel investor in tech startups | unknown_7e235e72513a41779 | ||
SM Salil Manekar | unknown_d36b252830f04b259 | |||
MS Manish Srivastava | unknown_b6b719a5367d40d68 | |||
SK Sandeep Karmongikar | unknown_821f674526c44afdb | |||
NG Neeraj Gupta | Founder of Cervin Ventures, active angel investor in tech startups | unknown_8b58d87b2a1d44478 | ||
SM Salil Manekar | unknown_3ed2537afbe94084b |
Investor details for Paisawapas
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nxtify Technologies Private Limited (Paisawapas)
Nxtify Technologies Private Limited is the primary company behind Paisawapas. The board of Nxtify Technologies Private Limited currently have 2 directors; the longest-serving is Ashish Kumar, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Kumar DIN 07621472 | Whole-time director | 29 Aug 2016 | 10 yrs 2 mo | Nxtify Technologies Private Limited |
| Shankar Singh DIN 07331233 | Whole-time director | 29 Aug 2016 | 10 yrs 2 mo | Nxtify Technologies Private Limited |
People of Paisawapas
15 people are tracked at Paisawapas (5 in leadership, 10 in team); the tracked headcount is 47.
| Name | Role | Group |
|---|---|---|
Shankar Kotuli | Co-Founder & CEO | Leadership |
| Co-Founder | Leadership | |
Nirmal Kumar | Head Of Digital Marketing | Leadership |
Sreedhar Pitta | Head Of Technology | Leadership |
Shlok Malviya | Marketing & Operations Head At Paisawapas | Leadership |
Nithin Katakam | Growth Product Marketer | Team |
Luxmi Gupta | Affiliate Marketing Specialist | Team |
Yash Kukreja | Deals And Content Associate | Team |
Kondala Raju Nallagulla | Software Engineer | Team |
Sahil Ray | Freelance Content Writer | Team |
Karmjeet Rai | Manager Strategic Partnerships | Team |
Raja R | Senior Manager | Team |
Aiyaz Ahmed Shaikh | Senior Manager - Reward & Gifting At Paisawapas.com | Team |
Divya Dua | Affiliate Marketing Specialist | Team |
Nikhil Singh | Associate | Team |
Complete people profiles for Paisawapas
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 Paisawapas
Figures of Nxtify Technologies Private Limited, the primary company behind Paisawapas, for FY 2024. Revenue was ₹69.02 Cr (+24% year on year). Net profit was ₹3.45 Cr (5% margin). EBITDA was ₹4.89 Cr (7% margin). Revenue has grown at a compounded annual rate of +47% over three years and +94% over five years.
- ₹69.02 CrRevenue · FY 2024 · +24% YoY
- ₹3.45 CrNet profit · 5% margin
- ₹4.89 CrEBITDA · 7% margin
- ₹1.1 LakhPaid-up capital
- 47Employees (provident fund records)
- +47%Revenue CAGR, 3 years
- +94%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nxtify Technologies Private Limited are on its company page.
Detailed financial statements for Paisawapas
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 Paisawapas
2 dated milestones of Paisawapas across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Paisawapas is founded.
- Funding First funding round of $45K.
Competitors of Paisawapas
Paisawapas has 3 listed competitors in our database, 1 of them funded. They include SayF, CouponDunia and Super Smart Deals.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sayf.money | 2021 | Vijayapura, India | $483,671 | 6 | AI-powered deals and coupons are provided for multi-category products. | |
| coupondunia.in | 2010 | Mumbai, India | 26 | Web platform to find deals & coupons from various eCommerce websites and offline stores | ||
| supersmartdeals.com | 2015 | Mumbai, India | An online platform for discovering multi-category deals and coupons. |
Detailed competitors of Paisawapas
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Paisawapas
The website of Paisawapas (paisawapas.com) receives about 382K visits a month.
- Monthly visits382K
▼ 15.2% vs previous month
Websites whose visitors overlap most with Paisawapas. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cashkaro.com | 100% | 6.3M | #10,969 | View details | |
| coupondunia.in | 91% | 697.7K | #73,069 | View details | |
| zingoy.com | 89% | 563.3K | #74,271 | View details | |
grabon.in | grabon.in | 87% | #14,424 | – | |
| cashaly.com | 85% | 116.8K | #315,642 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Paisawapas
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Deals, Rewards & Comparison Platforms
2 companies that operate in the same segment as Paisawapas (Deals, Rewards & Comparison Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Cashback and coupon offers are provided for e-commerce shopping. | Gurugram, Haryana, India | USD 32.61 M |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Paisawapas
Complete news archive for Paisawapas
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Paisawapas
Paisawapas was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Paisawapas is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shankar Kotuli is the CEO of Paisawapas, as recorded in our data. They have also founded this company.
Paisawapas is a funded company, having raised a total of $44.57K across 1 funding round to date. The company's 1st funding round was a Seed of $44.57K, raised on Dec 2016.
Paisawapas has 47 employees.
The primary company behind Paisawapas, Nxtify Technologies Private Limited, reported revenue of ₹69.02 Cr for FY 2024, up 24% year on year.
Paisawapas was founded in 2014 in Bengaluru, India, as an online platform focused on the e-commerce sector. Deals and coupons across various product and service categories are aggregated and presented to users. Operations center on facilitating savings through partnerships with retailers. The company is led by co-founder and CEO Shankar Kotuli, alongside co-founder Ashish Kumar. Services extend to a broad user base in India via the paisawapas.com domain.
Paisawapas's top competitors include CouponDunia, SayF and Super Smart Deals.
Paisawapas offers Cashback Service, Coupon Platform, and Deals App.
Paisawapas has 8 investors. Key investors include Vividhity Ventures, Sandeep Karmongikar, Neeraj Gupta, Salil Manekar, and Manish Srivastava.
The valuation of Paisawapas is $746.82K as of Dec 2016.
Paisawapas operates through Nxtify Technologies Private Limited.