About Paysack
Paysack is a company based in Bengaluru (India) founded in 2015.. Paysack has raised $59.8 thousand across 2 funding rounds from investors including Spark10, Mellacheruvu Satyavani and Deepak Lal Ambwani. Paysack operates in a competitive market with competitors including PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
- Headquarter Bengaluru, India
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mad Over Mobile Private Limited
- Date of Incorporation 16 Oct, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$12.48 K (USD)32.22as on Mar 31, 2022
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Net Profit
$-3.88 K (USD)78.08as on Mar 31, 2022
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EBITDA
$-737.96 (USD)88.35as on Mar 31, 2022
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Total Equity Funding
$59.8 K (USD)
in 2 rounds
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Latest Funding Round
$29.87 K (USD), Seed
Feb 13, 2017
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Investors
Spark10
& 8 more
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Employee Count
Employee Count
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Funding Insights of Paysack
Paysack has successfully raised a total of $59.8K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $29.87 thousand completed in February 2017. 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 Seed — $29,873
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First Round
First Round
(15 Jun 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Seed - Paysack | Valuation |
investors |
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| Jun, 2016 | Amount | Seed - Paysack | Valuation | Mellacheruvu Satyavani |
| 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 Paysack
Paysack has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Spark10, Mellacheruvu Satyavani and Deepak Lal Ambwani. 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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Investment in startups across Fintech, SaaS, and other sectors, with mentorship and funding services provided.
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Founded Year | Domain | Location | |
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MS
Mellacheruvu Satyavani |
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|
Founded Year | Domain | Location |
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DL
Deepak Lal Ambwani |
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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 Paysack
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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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 - Paysack
| 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 |
Paysack Comparisons
Competitors of Paysack
Paysack 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 PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, 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 |
Payment, financial, investment, and lending services are provided digitally.
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| domain | founded_year | HQ Location |
Operator of platform for online mobile, DTH recharge, and bill payments
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| domain | founded_year | HQ Location |
Digital payments, financial services, and e-commerce platforms are provided.
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| domain | founded_year | HQ Location |
Digital wallet services for bill payments and recharges are facilitated.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Wallet-based payment solutions are provided for consumers and businesses.
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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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Frequently Asked Questions about Paysack
When was Paysack founded?
Paysack was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Paysack located?
Paysack is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Paysack a funded company?
Paysack is a funded company, having raised a total of $59.8K across 2 funding rounds to date. The company's 1st funding round was a Seed of $29.93K, raised on Jun 15, 2016.
What is the annual revenue of Paysack?
Annual revenue of Paysack is $12.48K as on Mar 31, 2022.
What does Paysack do?
Provider of full-stack banking platform solutions for fintechs. This company offers a comprehensive suite of services enabling the development and launch of financial products. Solutions include digital salary accounts, enterprise wallets and cards, student and fleet wallet options, and a connect API platform for both enterprises and startups. Additionally, it provides custom payment platform development for businesses needing to pay or collect funds. The company handles the technology management, allowing clients to focus on their core business.
Who are the top competitors of Paysack?
Who are Paysack's investors?
Paysack has 9 investors. Key investors include Spark10, Mellacheruvu Satyavani, Deepak Lal Ambwani, Kannaparaju Kammila, and Sreenivasa Rao Kurakula.
What is Paysack's valuation?
The valuation of Paysack is $324.19K as of Feb 2017.