About QPay India
QPay India is a Retail company based in Chennai (India) founded in 2013 by Sarojben Shah, Manikandan PK, and Sivaprakash S. Online payment gateway for e-commerce transactions is provided. It operates in the Retail and Financial Services sectors. QPay India has raised $751.4 thousand across 5 funding rounds from investors including Chandralekha Shah, Vijay Patel and Subash Jani. QPay India was last valued at $1.85 million in July 2020. Its Indian entity Qpay India Private Limited reported revenue of ₹64.8 Lakh. QPay India offers products and services including Payment Gateway, QPayConnect, ECOMS Shiksha, and QPayREACH. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chennai, India
- Founders Sarojben Shah, Manikandan PK, Sivaprakash S
- Stage Minicorn
- SectorsRetailFinancial Services
- Website qpayindia.com
- Social LinkedIn X Facebook
- Legal Name Qpay India Private Limited
- Date of Incorporation 14 Aug, 2013
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹64.8 Lakh
FY 2024 · +103% YoY
- Net Loss-₹12.5 Lakh
FY 2024 · -19% margin
- EBITDA-₹16.6 Lakh
FY 2024 · -26% margin
- Total Equity Funding$751.4K (USD)
in 5 rounds
- Latest Funding Round$12.51K (USD), Angel Round
Jul 2020
Associated legal entities of QPay India
QPay India operates through Qpay India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Qpay India Private Limited CIN U74990TN2013PTC092557 | Active | 14 Aug 2013 | Chennai, Tamil Nadu | ₹0.6 Cr | 4 | View details |
Products & Services of QPay India
QPay India offers a comprehensive portfolio of products and services, including Payment Gateway, QPayConnect, ECOMS Shiksha, and QPayREACH.
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 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 $751,400
- Total Rounds 5
- Last Round Angel Round — $12,511
- First Round $17,855
(Aug 2015)
- Investors Count 10
All 5 funding rounds of QPay India 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 |
|---|---|---|---|---|---|
| Jul 2020 | $12,511 | Angel Round | $1.85M | Chandralekha Shah | |
| Apr 2019 | $161,109 | Angel Round | $2.53M | Chandralekha Shah | |
| Jul 2017 | $462,208 | Angel Round | $••••• | Chandralekha Shah | |
| Mar 2016 | $97,717 | Angel Round | $••••• | Chandralekha Shah, Subash Jani | |
| Aug 2015 | $17,855 | Angel Round | $••••• | Chandrakirti Shah | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2020 | $1.85M | •••••••• |
| Apr 2019 | $2.53M | •••••••• |
| Jul 2017 | $••••• | •••••••• |
Full valuation and stage history of QPay India
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $1.85M (Jul 2020). 10 investors in total: 0 institutional and 10 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
CS Chandralekha Shah | unknown_4da74d5cbc604a26a | |||
VP Vijay Patel | Indian angel investor, entrepreneur, focused on tech startups and innovation. | unknown_b71b4c1ccf804fcfb | ||
SJ Subash Jani | unknown_a0f1e3e0ee8149d9a | |||
SS Sivaprakash S | Angel investor and tech leader, ex-Amazon, focused on Indian startups | unknown_e5c847379d5e4bf58 | ||
DN Dhirajlal Narbheshanker Jani | unknown_8f100bf97a7746099 | |||
MP Manikandan PK | Co-founder of Zoho Corporation, angel investor in Indian startups | unknown_a899e2a109d04c0e8 | ||
VP Vijay Patel | unknown_611ac066bc4e48098 | |||
PC Prakash Chandra Narbheshanker Jani | unknown_e34063adbd5f479f8 | |||
SS Sarojben Shah | unknown_fd6966e0d2c44f2ca | |||
CS Chandrakirti Shah | unknown_b0e202303dff4a7fb |
Investor details for QPay India
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Qpay India Private Limited (QPay India)
Qpay India Private Limited is the primary company behind QPay India. The board of Qpay India Private Limited currently have 4 directors; the longest-serving is Sivasabapathy Sivaprakash, appointed in 2013.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sivasabapathy Sivaprakash DIN 01628898 | Director | 14 Aug 2013 | 13 yrs 2 mo | Qpay India Private Limited |
| Pullipalayam Kandasamy Manikandan DIN 03263622 | Director | 14 Aug 2013 | 13 yrs 2 mo | Qpay India Private Limited |
| Dhirajlal Narbheshankar Jani DIN 06700624 | Additional Director | 13 Nov 2014 | 11 yrs 11 mo | Qpay India Private Limited |
| Prakashchandra Narbheshanker Jani DIN 06709417 | Additional Director | 13 Nov 2014 | 11 yrs 11 mo | Qpay India Private Limited |
People of QPay India
5 people are tracked at QPay India (5 in leadership).
| Name | Role | Group |
|---|---|---|
Sarojben Shah | Co-Founder | Leadership |
Manikandan PK | Co-Founder & Director | Leadership |
Sivaprakash S | Co-Founder & Director | Leadership |
| Director | Leadership | |
| Director | Leadership |
Complete people profiles for QPay India
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of QPay India
Figures of Qpay India Private Limited, the primary company behind QPay India, for FY 2024. Revenue was ₹64.8 Lakh (+103% year on year). Net loss was -₹12.5 Lakh (-19% margin). EBITDA was -₹16.6 Lakh (-26% margin). Revenue has grown at a compounded annual rate of +57% over three years and +73% over five years.
- ₹64.8 LakhRevenue · FY 2024 · +103% YoY
- -₹12.5 LakhNet loss · -19% margin
- -₹16.6 LakhEBITDA · -26% margin
- ₹14.5 LakhPaid-up capital
- +57%Revenue CAGR, 3 years
- +73%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Qpay India Private Limited are on its company page.
Detailed financial statements for QPay India
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of QPay India
4 dated milestones of QPay India across 7 years, from founding to its latest funding, stage changes and deals.
- Founded QPay India is founded.
- Funding First funding round of $18K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $13K.
Competitors of QPay India
QPay India has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed competitors of QPay India
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 QPay India
The website of QPay India (qpayindia.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 60.7% vs previous month
Websites whose visitors overlap most with QPay India. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
payg.in | payg.in | 100% | #1,433,849 | – | |
| nttdatapay.com | 91% | 37.3K | #855,533 | View details | |
| ebanx.com | 79% | 11.5M | #5,752 | View details | |
| payu.in | 63% | #1,913 | View details | ||
| zaakpay.com | 32% | 216.3K | #164,908 | View details |
Top companies in E-Commerce Enablers & Infrastructure
3 companies that operate in the same segment as QPay India (E-Commerce Enablers & Infrastructure) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M |
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Frequently Asked Questions about QPay India
QPay India was founded in 2013 and raised its 1st funding round 2 years after it was founded.
QPay India is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
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 $17.86K, raised on Aug 2015.
The primary company behind QPay India, Qpay India Private Limited, reported revenue of ₹64.8 Lakh for FY 2024, up 103% year on year.
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.
QPay India offers Payment Gateway, QPayConnect, ECOMS Shiksha, and QPayREACH.
QPay India has 10 investors. Key investors include Chandralekha Shah, Vijay Patel, Subash Jani, Sivaprakash S, and Dhirajlal Narbheshanker Jani.
The valuation of QPay India is $1.85M as of Jul 2020.
QPay India operates through Qpay India Private Limited.
The legal entities of QPay India currently have 4 directors, including Sivasabapathy Sivaprakash, Pullipalayam Kandasamy Manikandan, Dhirajlal Narbheshankar Jani and others.