About Pay1
Pay1 is a company based in Mumbai (India) founded in 2011 by Chirutha Dalal, Ashish Kumar Arya, and Vinit Raghunath Khanvilkar. Pay1 has raised $32.66 thousand across 1 funding round from investors including Rajiv Sinha, Rajnikant Sinha and Tanuj Goyal. The company has 266 employees as of April 05, 2024. Pay1 operates in a competitive market with competitors including Dvara KGFS, Pay Point India, Ezetap, Kaleidofin and Spice Money, among others.
- Headquarter Mumbai, India
- Employees 266 as on 05 Apr, 2024
- Founders Chirutha Dalal, Ashish Kumar Arya, Vinit Raghunath Khanvilkar
- Stage Minicorn
-
Sectors
RetailFinancial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Mindsarray Network Private Limited
- Date of Incorporation 17 Jul, 2019
- Jurisdiction Malad East, Maharashtra, India
-
Annual Revenue
$47.68 M (USD)11.06as on Mar 31, 2023
-
Net Profit
-$80.41 K (USD)-71.36as on Mar 31, 2023
-
EBITDA
$181.74 K (USD)-33.12as on Mar 31, 2023
-
Total Equity Funding
$32.66 K (USD)
in 1 rounds
-
Latest Funding Round
$32.66 K (USD), Angel Round
Mar 10, 2014
-
Investors
& 4 more
-
Employee Count
266
as on Apr 05, 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
People of Pay1
Unlock access to complete
Funding Insights of Pay1
Pay1 has successfully raised a total of $32.66K through 1 strategic funding round. The most recent funding activity was a Angel Round of $32.66 thousand completed in March 2014. 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.
Investors in Pay1
Pay1 has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Rajiv Sinha, Rajnikant Sinha and Tanuj Goyal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
RS
Rajiv Sinha |
-
|
Locked | Locked | Locked |
|
RS
Rajnikant Sinha |
-
|
Locked | Locked | Locked |
|
TG
Tanuj Goyal |
-
|
Locked | Locked | Locked |
Investor details for Pay1
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Pay1
Investment portfolio details for Pay1
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Pay1
Detailed financials for Pay1
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Pay1 Comparisons
Peer comparison for Pay1
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Pay1
Pay1 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, Pay Point India, Ezetap, Kaleidofin and Spice Money, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Loans for consumers and SMEs are provided alongside financial services.
|
|
| Locked | Locked | Locked |
Digital financial and retail services are provided via agent networks.
|
|
| Locked | Locked | Locked |
Cloud-based mPOS software and hardware solutions are provided for businesses.
|
|
| Locked | Locked | Locked |
Provider of financial technology solutions for inclusive lending
|
|
| Locked | Locked | Locked |
Digital payment and banking service provider in rural areas
|
|
| Locked | Locked | Locked |
Self-checkout solutions are provided for retail businesses worldwide.
|
Detailed competitors of Pay1
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Pay1
Complete news archive for Pay1
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 Pay1
Pay1 was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Pay1 is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Pay1 is a funded company, having raised a total of $32.66K across 1 funding round to date.
As of Apr 05, 2024, the latest employee count at Pay1 is 266.
Annual revenue of Pay1 is $47.68M as on Mar 31, 2023.
Founded in 2011 and based in Mumbai, India, Pay1 operates in the financial services sector. Bill payment and mobile recharge services are offered alongside banking options such as AePS and Micro-ATM. Payment processing is facilitated through QR codes, UPI, and card readers. Additional offerings include travel bookings, e-governance services, cash collection, khata record-keeping systems, and platforms for trading used mobile phones, targeting small businesses.
Pay1's top competitors include Ezetap, Pay Point India and Spice Money.
Pay1 has 5 investors. Key investors include Rajiv Sinha, Rajnikant Sinha, Tanuj Goyal, Utsav Agarwal, and Alakh Naresh Gargiya.
The valuation of Pay1 is $1.32M as of Mar 2014.