About Trupay
Trupay is a company based in Gurugram (India) founded in 2015 by Vivek Lohcheb was acquired by tmw in January 2018.. Trupay has raised $1.05 million across 2 funding rounds from investors including Kae Capital, Vistra ITCL and tmw. The company has 1 employees as of April 07, 2024. Trupay operates in a competitive market with competitors including BharatPe, CU Pays, E Card Solution, Dizi Mitra and CashierPe, among others.
- Headquarter Gurugram, India
- Employees 1 as on 07 Apr, 2024
- Founders Vivek Lohcheb
- Stage Minicorn
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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
*********
- Legal Name Protinus Infotech Private Limited
- Date of Incorporation 06 Nov, 2015
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2016
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Net Profit
$-772.26 (USD)0as on Mar 31, 2016
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EBITDA
$-845.05 (USD)0as on Mar 31, 2016
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Total Equity Funding
$1.05 M (USD)
in 2 rounds
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Latest Funding Round
$700 K (USD), Seed
Jul 19, 2017
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Investors
Kae Capital
& 24 more
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Employee Count
1
as on Apr 07, 2024
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Acquired by
tmw
(Jan 30, 2018)
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Funding Insights of Trupay
Trupay has successfully raised a total of $1.05M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $700 thousand completed in July 2017. 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 2
- Last Round Seed — $700,000
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First Round
First Round
(30 Apr 2016)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Seed - Trupay | Valuation | Kae Capital | |
| Apr, 2016 | Amount | Seed - Trupay | Valuation | Nimir Kishore Mehta , Sunil Ghorawat |
| 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 Trupay
Trupay has secured backing from 25 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Kae Capital, Vistra ITCL and tmw. 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 investing in tech startups in India.
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Founded Year | Domain | Location | |
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US companies are financed by Governing Dynamics across key sectors.
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Founded Year | Domain | Location | |
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Investment banking firm offering capital advisory and acquisitions services
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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 Trupay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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 - Trupay
| 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 |
Trupay Comparisons
Competitors of Trupay
Trupay 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 BharatPe, CU Pays, E Card Solution, Dizi Mitra and CashierPe, 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 acceptance and processing solutions provider for businesses
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| domain | founded_year | HQ Location |
Provides a money transfer app using QR code technology.
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| domain | founded_year | HQ Location |
Offers QR code-based payment solutions for businesses.
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| domain | founded_year | HQ Location |
Provides banking CSP, insurance, and loan services to promote financial inclusion across India.
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| domain | founded_year | HQ Location |
Provides an app-based QR code payment system for individuals and merchants.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Trupay
Frequently Asked Questions about Trupay
When was Trupay founded?
Trupay was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Trupay located?
Trupay is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Trupay a funded company?
Trupay is a funded company, having raised a total of $1.05M across 2 funding rounds to date. The company's 1st funding round was a Seed of $345.54K, raised on Apr 30, 2016.
How many employees does Trupay have?
As of Apr 07, 2024, the latest employee count at Trupay is 1.
What does Trupay do?
Trupay was founded in 2015 and is headquartered in Gurugram, India. Operations focus on the fintech sector, where UPI-based POS solutions are provided to merchants for accepting payments. Businesses are enabled to process transactions online or via mobile devices, with customers transferring funds by entering phone numbers or scanning QR codes. Services support seamless digital payments in the Indian market.
Who are the top competitors of Trupay?
Trupay's top competitors include BharatPe, CU Pays and E Card Solution.
Who are Trupay's investors?
Trupay has 25 investors. Key investors include Kae Capital, Vistra ITCL, tmw, Real Time MCS, and M&S Capital Partners.
What is Trupay's valuation?
The valuation of Trupay is $2.67M as of Jul 2017.
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