About Shelfpay
Shelfpay is a company based in Bengaluru (India) founded in 2022 by Paras Rajput and Vedant Kumar.. Shelfpay has raised $125 thousand across 1 funding round from investors including Y Combinator. The company has 1 employees as of April 07, 2024. Shelfpay offers products and services including Shelf App, Shared Payments Card, and Expense Tracking Feature. Shelfpay operates in a competitive market with competitors including Niyo, Freo, Avail Finance, RapiPay and OneBanc Technologies, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 07 Apr, 2024
- Founders Paras Rajput, Vedant Kumar
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Shelfpay Private Limited
- Date of Incorporation 22 Jul, 2022
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$125 K (USD)
in 1 rounds
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Latest Funding Round
$125 K (USD), Seed
Jun 01, 2022
- Investors
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Employee Count
1
as on Apr 07, 2024
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Products & Services of Shelfpay
Shelfpay offers a comprehensive portfolio of products and services, including Shelf App, Shared Payments Card, and Expense Tracking Feature. 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.
Facilitates automatic expense splitting for groups and shared costs
Enables effortless group payments with cashback on essentials
Manages and splits daily expenses for flatmates and friends
Funding Insights of Shelfpay
Shelfpay has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 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 Total Funding
- Total Rounds 1
- Last Round Seed — $125,000
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First Round
First Round
(01 Jun 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Shelfpay | Valuation | Y Combinator |
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| 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 Shelfpay
Shelfpay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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 Shelfpay
| 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 - Shelfpay
| 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 |
Shelfpay Comparisons
Competitors of Shelfpay
Shelfpay 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 Niyo, Freo, Avail Finance, RapiPay and OneBanc Technologies, 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 |
Online platform for wealth management
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| domain | founded_year | HQ Location |
Digital banking services are offered to individual users.
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| domain | founded_year | HQ Location |
Neobank for individuals
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| domain | founded_year | HQ Location |
Agent-based payment solutions for businesses are provided.
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| domain | founded_year | HQ Location |
AI-powered online banking solutions are integrated with HR workflows.
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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 Shelfpay
When was Shelfpay founded?
Shelfpay was founded in 2022.
Where is Shelfpay located?
Shelfpay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Shelfpay a funded company?
Shelfpay is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2022.
How many employees does Shelfpay have?
As of Apr 07, 2024, the latest employee count at Shelfpay is 1.
What does Shelfpay do?
Shelfpay was founded in 2022 in Bengaluru, India, within the fintech sector. A platform is offered for managing and controlling spending, including white-label wallet solutions for banks to serve their customers. Operations encompass banking services, payments processing, expense tracking, bill splitting, and group wallets. These features are designed to reduce the need for manual tracking or reimbursement requests among users.
Who are the top competitors of Shelfpay?
Shelfpay's top competitors include Freo, Niyo and OneBanc Technologies.
What products or services does Shelfpay offer?
Shelfpay offers Shelf App, Shared Payments Card, and Expense Tracking Feature.
Who are Shelfpay's investors?
Shelfpay has 1 investor. Key investors include Y Combinator.
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