About Paymart
Paymart is a company based in Chandigarh (India) founded in 2015 by Amit Narang. Paymart has raised $421.61 thousand across 3 funding rounds from investors including India Accelerator, Chandigarh Angels Network and Big Bridge Group. The company has 25 employees as of April 07, 2024. Paymart operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Chandigarh, India
- Employees 25 as on 07 Apr, 2024
- Founders Amit Narang
- Stage Minicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Paymart India Private Limited
- Date of Incorporation 14 Oct, 2015
- Jurisdiction Chandigarh, Chandigarh, India
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Annual Revenue
$6.01 K (USD)648.96as on Mar 31, 2022
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Net Profit
-$319.54 K (USD)-58.4as on Mar 31, 2022
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EBITDA
-$316.79 K (USD)-102.9as on Mar 31, 2022
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Total Equity Funding
$421.61 K (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
India Accelerator
& 21 more
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Employee Count
25
as on Apr 07, 2024
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Funding Insights of Paymart
Paymart has successfully raised a total of $421.61K across 3 strategic funding rounds. 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 Paymart
Paymart has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include India Accelerator, Chandigarh Angels Network and Big Bridge Group.
| Investor | Description | Founded Year | Domain | Location |
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Angel investing and mentoring support for startups in India.
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Early-stage tech startups are supported via venture capital and acceleration.
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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Investor details for Paymart
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Investments & Acquisitions by Paymart
Investment portfolio details for Paymart
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Financial Statements - Paymart
Detailed financials for Paymart
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Paymart Comparisons
Peer comparison for Paymart
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- Named peers
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Competitors of Paymart
Paymart 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 Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment processing and card issuance solutions are provided for businesses.
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of Paymart
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Paymart
Complete news archive for Paymart
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Frequently Asked Questions about Paymart
Paymart was founded in 2015.
Paymart is headquartered in Chandigarh, India.
Amit Narang is the current CEO of Paymart. They have also founded this company.
Paymart is a funded company, having raised a total of $421.61K across 3 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Paymart is 25.
Annual revenue of Paymart is $6.01K as on Mar 31, 2022.
Paymart was established in 2015 in Chandigarh, India, as a retail merchant aggregator in the fintech sector. A payment acceptance gateway is offered to merchants for over-the-counter transactions. Additional services include money changing and domestic as well as international money transfers, supporting operations primarily in the Indian market.
Paymart has 22 investors. Key investors include India Accelerator, Chandigarh Angels Network, Big Bridge Group, IIMA Ventures, and Sanjeev Sharma.
The valuation of Paymart is $2.12M as of Jul 2019.