About PayNearby
PayNearby is a company based in Mumbai (India) founded in 2016 by Rajesh Jha, Subhash Kumar, Yashwant Lodha, and Anand Kumar Bajaj.. PayNearby has raised $3.95 million across 2 funding rounds from investors including ROHA, Ramendra Pratap Singh and Sangeeta Singh. The company has 837 employees as of May 31, 2025. PayNearby operates in a competitive market with competitors including Dvara KGFS, Spice Money, Kaleidofin, Fino Paytech and Sub-K, among others.
- Headquarter Mumbai, India
- Employees 837 as on 31 May, 2025
- Founders Rajesh Jha, Subhash Kumar, Yashwant Lodha, Anand Kumar Bajaj
- Stage Minicorn
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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
$45.23 M (USD)-2as on Mar 31, 2024
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Net Profit
$236.78 K (USD)-23as on Mar 31, 2024
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EBITDA
$939.87 K (USD)25as on Mar 31, 2024
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Total Equity Funding
$3.95 M (USD)
in 2 rounds
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Latest Funding Round
$1.72 M (USD), Angel Round
Feb 28, 2025
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Investors
ROHA
& 2 more
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Employee Count
837
as on May 31, 2025
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Funding Insights of PayNearby
PayNearby has successfully raised a total of $3.95M across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $1.72 million completed in February 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 2
- Last Round Angel Round — $1.7M
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First Round
First Round
(13 Jun 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Angel Round - PayNearby | Valuation | Ramendra Pratap Singh | |
| Jun, 2016 | Amount | Seed - PayNearby | Valuation | Roha |
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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 PayNearby
PayNearby has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include ROHA, Ramendra Pratap Singh and Sangeeta Singh. 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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Group of company focused on food & beverages industry
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Founded Year | Domain | Location | |
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RP
Ramendra Pratap Singh |
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Founded Year | Domain | Location |
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SS
Sangeeta Singh |
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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 PayNearby
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - PayNearby
| 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 |
Paynearby Comparisons
Competitors of PayNearby
PayNearby 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, Spice Money, Kaleidofin, Fino Paytech and Sub-K, 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.
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| domain | founded_year | HQ Location |
Digital payment and banking service provider in rural areas
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| domain | founded_year | HQ Location |
Provider of financial technology solutions for inclusive lending
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| domain | founded_year | HQ Location |
Technology solutions for banking and financial sectors are provided.
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| domain | founded_year | HQ Location |
Provider of digital financial services for underserved populations
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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 Paynearby
Frequently Asked Questions about PayNearby
When was PayNearby founded?
PayNearby was founded in 2016.
Where is PayNearby located?
PayNearby is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of PayNearby?
Anand Kumar Bajaj is the current CEO of PayNearby. They have also founded this company.
Is PayNearby a funded company?
PayNearby is a funded company, having raised a total of $3.95M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.24M, raised on Jun 13, 2016.
How many employees does PayNearby have?
As of May 31, 2025, the latest employee count at PayNearby is 837.
What is the annual revenue of PayNearby?
Annual revenue of PayNearby is $45.23M as on Mar 31, 2024.
What does PayNearby do?
PayNearby was founded in 2016 in Mumbai, India, within the fintech sector. Operations are conducted through a B2B2C model, where partnerships with neighborhood retail stores are formed to deliver assisted financial and digital commerce services to local communities. Transactions are enabled for cash withdrawals, deposits, money transfers, savings accounts, insurance, travel bookings, digital payments, and government benefits access. The platform supports seamless service provision across urban and rural areas.
Who are the top competitors of PayNearby?
PayNearby's top competitors include Spice Money, Kaleidofin and Fino Paytech.
Who are PayNearby's investors?
PayNearby has 3 investors. Key investors include ROHA, Ramendra Pratap Singh, and Sangeeta Singh.
What is PayNearby's valuation?
The valuation of PayNearby is $48.53M as of Feb 2025.
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