About QPay India
QPay India is a company based in Chennai (India) founded in 2013 by Sarojben Shah, Manikandan PK, and Sivaprakash S.. QPay India has raised $751.4 thousand across 5 funding rounds from investors including Chandralekha Shah, Vijay Patel and Subash Jani. QPay India offers products and services including Payment Gateway, QPayConnect, ECOMS Shiksha, and QPayREACH. QPay India operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Chennai, India
- Founders Sarojben Shah, Manikandan PK, Sivaprakash S
- Stage Minicorn
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Sectors
RetailFinancial Services
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Phone
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Website
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Social
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- Legal Name Qpay India Private Limited
- Date of Incorporation 14 Aug, 2013
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$38.42 K (USD)70.14as on Mar 31, 2023
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Net Profit
$-6.49 K (USD)71.65as on Mar 31, 2023
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EBITDA
$-8.61 K (USD)74.64as on Mar 31, 2023
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Total Equity Funding
$751.4 K (USD)
in 5 rounds
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Latest Funding Round
$12.51 K (USD), Angel Round
Jul 10, 2020
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Investors
& 9 more
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Employee Count
Employee Count
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Products & Services of QPay India
QPay India offers a comprehensive portfolio of products and services, including Payment Gateway, QPayConnect, ECOMS Shiksha, and QPayREACH. 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.
Secure platform for online credit and debit card transactions.
Android app for flexible and easy payment handling.
System for simple online educational fee payments.
Tool for NBFCs to streamline EMI collection processes.
Funding Insights of QPay India
QPay India has successfully raised a total of $751.4K across 5 strategic funding rounds. The most recent funding activity was a Angel Round round of $12.51 thousand completed in July 2020. 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 5
- Last Round Angel Round — $12,511
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First Round
First Round
(28 Aug 2015)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Angel Round - QPay India | Valuation | Chandralekha Shah | |
| Apr, 2019 | Amount | Angel Round - QPay India | Valuation | Chandralekha Shah | |
| Jul, 2017 | Amount | Angel Round - QPay India | Valuation | Chandralekha Shah |
| 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 QPay India
QPay India has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Chandralekha Shah, Vijay Patel and Subash Jani. 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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CS
Chandralekha Shah |
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Founded Year | Domain | Location |
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VP
Vijay Patel |
Indian angel investor, entrepreneur, focused on tech startups and innovation.
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Founded Year | Domain | Location |
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SJ
Subash Jani |
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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 QPay India
| 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 - QPay India
| 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 |
Qpay India Comparisons
Competitors of QPay India
QPay India 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 Stripe, Razorpay, Flutterwave, PayU and Mintoak, 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 processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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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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Frequently Asked Questions about QPay India
When was QPay India founded?
QPay India was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is QPay India located?
QPay India is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is QPay India a funded company?
QPay India is a funded company, having raised a total of $751.4K across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $462.21K, raised on Aug 28, 2015.
What is the annual revenue of QPay India?
Annual revenue of QPay India is $38.42K as on Mar 31, 2023.
What does QPay India do?
QPay India was founded in 2013 in Chennai, India, within the digital payments sector. An online payment gateway is operated for processing e-commerce transactions, with settlements made to merchants in t2 days. EMI options are extended to consumers, alongside fraud management tools, a mobile checkout platform, and reporting and analytics features. Operations focus on supporting merchants and users across India.
Who are the top competitors of QPay India?
What products or services does QPay India offer?
QPay India offers Payment Gateway, QPayConnect, ECOMS Shiksha, and QPayREACH.
Who are QPay India's investors?
QPay India has 10 investors. Key investors include Chandralekha Shah, Vijay Patel, Subash Jani, Sivaprakash S, and Dhirajlal Narbheshanker Jani.
What is QPay India's valuation?
The valuation of QPay India is $1.85M as of Jul 2020.