About Payworld
Payworld is a company based in Gurugram (India) founded in 2006 by Udairaj Khandelwal and Prasan Chand Jain was acquired by RNFI Services in April 2025.. Payworld offers products and services including AEPS, Mobile Recharge, Bill Payments, Domestic Money Remittance, and DTH Recharge. Payworld operates in a competitive market with competitors including Dvara KGFS, Pay Point India, Kaleidofin, Spice Money and PayNearby, among others.
- Headquarter Gurugram, India
- Founders Udairaj Khandelwal, Prasan Chand Jain
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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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- Legal Name Payworld Digital Services Private Limited
- Date of Incorporation 26 May, 2004
- Jurisdiction Dlf Qe, Haryana, India
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Annual Revenue
$7.65 M (USD)-11.07as on Mar 31, 2023
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Net Profit
$-1.28 M (USD)-528.14as on Mar 31, 2023
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EBITDA
$-1.71 M (USD)-4936.18as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
RNFI Services
(Apr 11, 2025)
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Products & Services of Payworld
Payworld offers a comprehensive portfolio of products and services, including AEPS, Mobile Recharge, Bill Payments, Domestic Money Remittance, and DTH Recharge. 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.
Aadhaar-based system for secure banking transactions
Service for recharging mobile phones online
Platform for paying utility and other bills digitally
System for transferring money domestically
Service for recharging DTH subscriptions easily
Funding Insights of Payworld
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Payworld
Payworld has secured backing from 1 investor. Prominent investors backing the company include RNFI Services. 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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Digital payment services including gateways, remittances, and recharges are provided.
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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 Payworld
| 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 - Payworld
| 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 |
Payworld Comparisons
Competitors of Payworld
Payworld 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, Pay Point India, Kaleidofin, Spice Money and PayNearby, 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 |
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| 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 financial and retail services are provided via agent networks.
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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 |
Digital payment and banking service provider in rural areas
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| domain | founded_year | HQ Location |
Digital payment and banking services are facilitated via retail partnerships.
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| domain | founded_year | HQ Location |
Tech-enabled financial and e-commerce services are delivered via retail outlets.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Payworld
Frequently Asked Questions about Payworld
When was Payworld founded?
Payworld was founded in 2006.
Where is Payworld located?
Payworld is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
What is the annual revenue of Payworld?
Annual revenue of Payworld is $7.65M as on Mar 31, 2023.
What does Payworld do?
Payworld was established in 2006 in Gurugram, India, within the financial services sector. Agent-based platforms are utilized by the company to facilitate money transfers and bill payments. Operations focus on accessible digital solutions for remittances and utility settlements across India. Key personnel include co-founders Udairaj Khandelwal and Prasan Chand Jain, with the latter holding DIN 00050081 and PAN AAUPP8830B. Services are tailored for widespread agent network integration.
Who are the top competitors of Payworld?
Payworld's top competitors include Pay Point India, Spice Money and Kaleidofin.
What products or services does Payworld offer?
Payworld offers AEPS, Mobile Recharge, Bill Payments, Domestic Money Remittance, and DTH Recharge.
Who are Payworld's investors?
Payworld has 1 investor. Key investors include RNFI Services.
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