About PayVEDA
PayVEDA is a Financial Services company based in Noida (India) founded in 2019 by Prateek Vohra. PayVEDA has raised $11.5 million across 1 funding round from investors including Sphiticap. Its focus areas include FinTech, Payments, Business Payments and Agent Based Payments. Its legal entity in India is Indartu Technologies Private Limited (U67110UP2019PTC121490). Its competitors include Dvara KGFS, Pay Point India and Kaleidofin; 3 of its 3 listed competitors have raised funding.
Company details
Provider of AEPS, money transfer, bill payment, and travel booking services. It facilitates money transfers, cash withdrawals, and bill payments through a single platform. It offers services such as travel ticket booking for trains, buses, and flights, along with insurance products including life, health, and vehicle coverage. Additionally, it provides PAN card services and facilitates opening bank accounts. The company focuses on enabling retailers to offer banking and financial services to their customers.
- Headquarters Noida, India
- Founders Prateek Vohra
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website payveda.com
- Social LinkedIn
- Legal Name Indartu Technologies Private Limited
- Date of Incorporation 20 Sep, 2019
- Jurisdiction Noida, Uttar Pradesh, India
- Net Loss-₹3.6 Lakh
FY 2022 · 0% margin
- EBITDA-₹3.3 Lakh
FY 2022 · 0% margin
- Total Equity Funding$11.5M (USD)
in 1 rounds
- Latest Funding Round$11.5M (USD), Series A
Oct 2022
- Investors
Associated legal entities of PayVEDA
PayVEDA operates through Indartu Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indartu Technologies Private Limited CIN U67110UP2019PTC121490 | Active | 20 Sep 2019 | Noida, Uttar Pradesh | 2 | View details |
Funding Insights of PayVEDA
PayVEDA has successfully raised a total of $11.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $11.5 million completed in October 2022. 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 $11.5M
- Total Rounds 1
- Last Round Series A — $11.5M
- First Round $11.5M
(Oct 2022)
- Investors Count 1
All 1 funding rounds of PayVEDA with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $11.5M | Series A | – | – |
1 investors in total: 1 institutional.
Investors in PayVEDA
PayVEDA has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sphiticap.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment in fintech, cleantech, agritech and logistics startups | 2022 | sphiticap.com | Noida, India |
Investor details for PayVEDA
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Indartu Technologies Private Limited (PayVEDA)
Indartu Technologies Private Limited is the primary company behind PayVEDA. The board of Indartu Technologies Private Limited currently have 2 directors; the longest-serving is Prateek Vohra, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prateek Vohra DIN 08568434 | Director | 20 Sep 2019 | 7 yrs 1 mo | Indartu Technologies Private Limited |
| Mayank Mehra DIN 03368090 | Director | 05 Dec 2019 | 6 yrs 10 mo | Indartu Technologies Private Limited |
People of PayVEDA
1 people are tracked at PayVEDA (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for PayVEDA
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of PayVEDA
Figures of Indartu Technologies Private Limited, the primary company behind PayVEDA, for FY 2022. Net loss was -₹3.6 Lakh (0% margin). EBITDA was -₹3.3 Lakh (0% margin).
- -₹3.6 LakhNet loss · 0% margin
- -₹3.3 LakhEBITDA · 0% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Indartu Technologies Private Limited are on its company page.
Detailed financial statements for PayVEDA
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of PayVEDA
2 dated milestones of PayVEDA across 3 years, from founding to its latest funding, stage changes and deals.
- Founded PayVEDA is founded.
- Funding First funding round of $11.5M.
Competitors of PayVEDA
PayVEDA has 3 listed competitors in our database, 3 of them funded. They include Dvara KGFS, Pay Point India and Kaleidofin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| paypointindia.com | 2007 | Mumbai, India | $7.74M | 346 | Digital financial and retail services are provided via agent networks. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending |
Detailed competitors of PayVEDA
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PayVEDA
The website of PayVEDA (payveda.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 30.5% vs previous month
Websites whose visitors overlap most with PayVEDA. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sionline.co.in | 100% | 11.2K | #2,341,606 | View details | |
| payrs.co.in | 96% | 1.7K | #8,989,640 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as PayVEDA (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Payveda
Complete news archive for PayVEDA
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Frequently Asked Questions about PayVEDA
PayVEDA was founded in 2019 and raised its 1st funding round 3 years after it was founded.
PayVEDA is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
PayVEDA is a funded company, having raised a total of $11.5M across 1 funding round to date. The company's 1st funding round was a Series A of $11.5M, raised on Oct 2022.
Provider of AEPS, money transfer, bill payment, and travel booking services. It facilitates money transfers, cash withdrawals, and bill payments through a single platform. It offers services such as travel ticket booking for trains, buses, and flights, along with insurance products including life, health, and vehicle coverage. Additionally, it provides PAN card services and facilitates opening bank accounts. The company focuses on enabling retailers to offer banking and financial services to their customers.
PayVEDA's top competitors include Pay Point India, Kaleidofin and Dvara KGFS.
PayVEDA has 1 investor. Key investors include Sphiticap.
PayVEDA operates through Indartu Technologies Private Limited.
The legal entities of PayVEDA currently have 2 directors, including Prateek Vohra, Mayank Mehra.