About Pay Point India
Pay Point India is a company based in Mumbai (India) founded in 2007 by Nilesh Mundada and Ketan Doshi.. Pay Point India has raised $7.74 million across 6 funding rounds from investors including Prime Capital Market Ltd., Shriambepunjinivesh and Fernsgroup. The company has 157 employees as of April 06, 2024. Pay Point India offers products and services including Digi Kiosk, Micro ATM, and Instant Money Transfer. Pay Point India operates in a competitive market with competitors including Dvara KGFS, Kaleidofin, Spice Money, PayNearby and Suvidhaa, among others.
- Headquarter Mumbai, India
- Employees 157 as on 06 Apr, 2024
- Founders Nilesh Mundada, Ketan Doshi
- Stage Minicorn
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Pay Point India Network Private Limited
- Date of Incorporation 16 Sep, 2005
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$17.84 M (USD)16.92as on Mar 31, 2024
-
Net Profit
$867.39 K (USD)2.13as on Mar 31, 2024
-
EBITDA
$1.55 M (USD)10.95as on Mar 31, 2024
-
Total Equity Funding
$7.74 M (USD)
in 6 rounds
-
Latest Funding Round
$4 M (USD), Seed
Jan 06, 2025
-
Investors
Prime Capital Market Ltd.
& 12 more
-
Employee Count
157
as on Apr 06, 2024
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
Products & Services of Pay Point India
Pay Point India offers a comprehensive portfolio of products and services, including Digi Kiosk, Micro ATM, and Instant Money Transfer. 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 managing and growing mini bank branches efficiently.
Device for cash withdrawals from debit and credit cards.
Service for quick money transfers between bank accounts.
Unlock access to complete
Funding Insights of Pay Point India
Pay Point India has successfully raised a total of $7.74M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in January 2025. 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 6
- Last Round Seed — $4.0M
-
First Round
First Round
(05 Oct 2007)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Seed - Pay Point India | Valuation | Yantra Esolarindia |
|
| Feb, 2016 | Amount | Seed - Pay Point India | Valuation | Shriambepunjinivesh | |
| Mar, 2014 | Amount | Seed - Pay Point India | Valuation | Prime Capital Market |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pay Point India
Pay Point India has secured backing from 13 investors, including institutional and angel investors. Prominent investors backing the company include Prime Capital Market Ltd., Shriambepunjinivesh and Fernsgroup. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Delivers infrastructure services for gas, water, telecoms, aggregates, and recycling in the UK.
|
Founded Year | Domain | Location | |
|
Provider of physical security services
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Pay Point India
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Pay Point India
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pay Point India Comparisons
Competitors of Pay Point India
Pay Point India 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 Dvara KGFS, Kaleidofin, Spice Money, PayNearby and Suvidhaa, 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 |
Loans for consumers and SMEs are provided alongside financial services.
|
|
| domain | founded_year | HQ Location |
Provider of financial technology solutions for inclusive lending
|
|
| domain | founded_year | HQ Location |
Digital payment and banking service provider in rural areas
|
|
| domain | founded_year | HQ Location |
Digital payment and banking services are facilitated via retail partnerships.
|
|
| domain | founded_year | HQ Location |
Tech-enabled financial and e-commerce services are delivered via retail outlets.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Pay Point India
Frequently Asked Questions about Pay Point India
When was Pay Point India founded?
Pay Point India was founded in 2007.
Where is Pay Point India located?
Pay Point India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Pay Point India a funded company?
Pay Point India is a funded company, having raised a total of $7.74M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.2M, raised on Oct 05, 2007.
How many employees does Pay Point India have?
As of Apr 06, 2024, the latest employee count at Pay Point India is 157.
What is the annual revenue of Pay Point India?
Annual revenue of Pay Point India is $17.84M as on Mar 31, 2024.
What does Pay Point India do?
Pay Point India was established in 2007 in Mumbai, India, within the digital financial services sector. Operations are conducted through an agent network that enables retailers to deliver money transfers, bill payments, mobile recharges, insurance products, travel bookings, and e-commerce options. Kiosk banking and micro ATMAEPS facilities are supported, allowing cash withdrawals. Service expansions are pursued to support retailer earnings and customer accessibility in the Indian market.
Who are the top competitors of Pay Point India?
Pay Point India's top competitors include Spice Money, Kaleidofin and PayNearby.
What products or services does Pay Point India offer?
Pay Point India offers Digi Kiosk, Micro ATM, and Instant Money Transfer.
Who are Pay Point India's investors?
Pay Point India has 13 investors. Key investors include Prime Capital Market Ltd., Shriambepunjinivesh, Fernsgroup, Win Win Security, and Sajit Suvarna.
What is Pay Point India's valuation?
The valuation of Pay Point India is $8.67M as of Feb 2016.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.