About PayMeIndia
PayMeIndia is a company based in Noida (India) founded in 2016 by Mahesh Shukla and Sandeep Singh.. PayMeIndia has raised $2 million across 3 funding rounds from investors including Pramod Singhal, Shashank Sharma and Alok Garodia. PayMeIndia offers products and services including Personal Loan, Short Term Loan, Empowerment Loan, MSME Loan, and Credit Assist. PayMeIndia operates in a competitive market with competitors including Kissht, axio, Branch, Stashfin and Finnable, among others.
- Headquarter Noida, India
- Founders Mahesh Shukla, Sandeep Singh
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Sectors
Financial Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
& 4 more
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Employee Count
Employee Count
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Products & Services of PayMeIndia
PayMeIndia offers a comprehensive portfolio of products and services, including Personal Loan, Short Term Loan, Empowerment Loan, MSME Loan, and Credit Assist. 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.
Provides quick funding for personal needs through digital application
Offers temporary financial aid for immediate requirements
Targets specific groups like women for accessible borrowing options
Supports small businesses with fast loan disbursements
Helps users improve and monitor their credit scores online
Facilitates loans tied to mutual fund investments for growth
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Funding Insights of PayMeIndia
PayMeIndia has successfully raised a total of $2M 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(26 Apr 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Angel Round - PayMeIndia | Valuation |
investors |
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| Apr, 2018 | Amount | Angel Round - PayMeIndia | Valuation | Pramod Singhal , Shashank Sharma | |
| Apr, 2018 | Amount | Debt – Conventional - PayMeIndia | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PayMeIndia
PayMeIndia has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Pramod Singhal, Shashank Sharma and Alok Garodia. 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 |
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PS
Pramod Singhal |
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Founded Year | Domain | Location |
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SS
Shashank Sharma |
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Founded Year | Domain | Location |
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AG
Alok Garodia |
Angel investor and entrepreneur, focused on tech startups in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayMeIndia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PayMeIndia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paymeindia Comparisons
Competitors of PayMeIndia
PayMeIndia 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 Kissht, axio, Branch, Stashfin and Finnable, 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 |
Personal, business, and property loans are provided by Kissht.
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| domain | founded_year | HQ Location |
An online lending platform for point-of-sale financing is provided.
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| domain | founded_year | HQ Location |
Branch is focused on providing faster workforce payment solutions.
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| domain | founded_year | HQ Location |
Digital lending and instant credit lines are provided to individuals.
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| domain | founded_year | HQ Location |
Online personal loans with minimal documentation are offered digitally.
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| domain | founded_year | HQ Location |
Loans, credit cards, gold investments, insurance, and UPI are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paymeindia
Frequently Asked Questions about PayMeIndia
When was PayMeIndia founded?
PayMeIndia was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is PayMeIndia located?
PayMeIndia is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Is PayMeIndia a funded company?
PayMeIndia is a funded company, having raised a total of $2M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $2M, raised on Apr 26, 2018.
What does PayMeIndia do?
PayMeIndia was established in 2016 in Noida, India, within the fintech sector. An online platform is operated to facilitate personal loan applications from corporate employees, with approvals determined by social scores, credit scores, employment records, and KYC verification. Borrowers are linked to various lending partners for selection of loan options based on interest rates and repayment terms. Access is provided via a mobile app compatible with Android and iOS systems.
Who are the top competitors of PayMeIndia?
PayMeIndia's top competitors include Stashfin, Money View and axio.
What products or services does PayMeIndia offer?
PayMeIndia offers Personal Loan, Short Term Loan, Empowerment Loan, MSME Loan, and 2 more products and services.
Who are PayMeIndia's investors?
PayMeIndia has 5 investors. Key investors include Pramod Singhal, Shashank Sharma, Alok Garodia, Rishi Bhasin, and Rajiv Punater.