About Tyche
Tyche is a Financial Services company based in Chennai (India) founded in 2018 by Santhosh Chandrasekar and Babu Chandrasekar. It operates as a payment gateway POS solutions. Tyche has raised $2.76 million across 4 funding rounds from investors including Appaji Krishnasamy, C Rajalakshmi and Preetal Jignesh Kenia. The company has 22 employees. Tyche was last valued at $25.37 million in March 2023. Its Indian entity Tyche Payment Solutions Private Limited reported revenue of ₹2.76 Cr. Tyche offers products and services including Payment Gateway, POS Solutions, QR Solutions, and E-Wallet. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Stripe, Razorpay, Flutterwave, PayU and Mintoak and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Tyche provides payment gateway and POS solutions for businesses. It offers QR based payments solution, POS solutions, E-Wallet, payment gateway, invoice payments, subscription service swipe, and more. It features solutions to provide integration service, plugins shopping cart, differential pricing, split settlements, multi-bank settlement, and more.
- Headquarters Chennai, India
- Employees 22
- Founders Santhosh Chandrasekar, Babu Chandrasekar
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website tychepayment.com
- Social YouTube
- Legal Name Tyche Payment Solutions Private Limited
- Date of Incorporation 25 Sep, 2018
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹2.76 Cr
FY 2025 · +175% YoY
- Net Loss-₹1.65 Cr
FY 2025 · -60% margin
- EBITDA-₹1.32 Cr
FY 2025 · -48% margin
- Total Equity Funding$2.76M (USD)
in 4 rounds
- Latest Funding Round$1.2M (USD), Angel Round
Mar 2023
- Employee Count22
Associated legal entities of Tyche
Tyche operates through Tyche Payment Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tyche Payment Solutions Private Limited CIN U74999TN2018PTC124832 | Active | 25 Sep 2018 | Chennai, Tamil Nadu | ₹2.8 Cr | 22 | 2 | View details |
Products & Services of Tyche
Tyche offers a comprehensive portfolio of products and services, including Payment Gateway, POS Solutions, QR Solutions, and E-Wallet.
Secure platform for online payments and transaction processing
Systems for in-store payments and inventory management
QR-based tools for fast and secure transactions
Mobile wallet for electronic payments and financial inclusion
Apps and channels of Tyche
its YouTube channel Basispay has 29 subscribers and 4 videos.
Videos from Tyche
The most watched videos on Tyche's YouTube channel, Basispay (29 subscribers). Click a video to play it here.
More on Basispay.
Funding Insights of Tyche
Tyche has successfully raised a total of $2.76M across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $1.2 million completed in March 2023. 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 $2.76M
- Total Rounds 4
- Last Round Angel Round — $1.2M
- First Round $741,051
(Feb 2020)
- Investors Count 11
All 4 funding rounds of Tyche 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 |
|---|---|---|---|---|---|
| Mar 2023 | $1.2M | Angel Round | $25.37M | Appaji Krishnasamy, C Rajalakshmi | – |
| Sep 2022 | $40,412 | Angel Round | $5.54M | Preetal Jignesh Kenia, Ashokkumar T | |
| Mar 2021 | $782,131 | Angel Round | $••••• | Malini Mukund Patel, Sujatha Santosh | |
| Feb 2020 | $741,051 | Angel Round | $••••• | Malini Mukund Patel |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $25.37M | •••••••• |
| Sep 2022 | $5.54M | •••••••• |
| Mar 2021 | $••••• | •••••••• |
Full valuation and stage history of Tyche
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 $25.37M (Mar 2023). 11 investors in total: 0 institutional and 11 angel.
Investors in Tyche
Tyche has secured backing from 11 investors, including angel investors. Prominent investors backing the company include Appaji Krishnasamy, C Rajalakshmi and Preetal Jignesh Kenia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AK Appaji Krishnasamy | - | – | unknown_684eeabf1c6e49ddb | - |
CR C Rajalakshmi | - | – | unknown_21b4e499035348989 | - |
PJ Preetal Jignesh Kenia | - | – | unknown_8c9136f62be244bf8 | - |
AT Ashokkumar T | Angel investor and tech entrepreneur, co-founder of Docplexus, focused on healthcare innovation | – | unknown_c4397eec0296438f8 | - |
AK Anil Kumar Doshi | - | – | unknown_20b155a2bf344b25b | - |
TS T S Sathish | - | – | unknown_4dcf869f1cc3471aa | - |
VA Vijay A M | Angel investor and tech entrepreneur, focused on early-stage Indian startups. | – | unknown_5dd9732f3116484ea | - |
SC Saravanan C | - | – | unknown_62bf1cf9e36f4805b | - |
S Sathish | - | – | unknown_f9e28d1887794c078 | - |
MM Malini Mukund Patel | - | – | unknown_712568c2040b4d4da | - |
Investor details for Tyche
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 Tyche Payment Solutions Private Limited (Tyche)
Tyche Payment Solutions Private Limited is the primary company behind Tyche. The board of Tyche Payment Solutions Private Limited currently have 2 directors; the longest-serving is Chandrasekaran Saravanan, appointed in 2018. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chandrasekaran Saravanan DIN 01805009 | Whole-time director | 25 Sep 2018 | 8 yrs | Tyche Payment Solutions Private Limited |
| Santhosh Chandrasekaran DIN 06436352 | Director | 25 Sep 2018 | 8 yrs | Tyche Payment Solutions Private Limited |
People of Tyche
2 people are tracked at Tyche (2 in leadership); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
Santhosh Chandrasekar | Co-Founder & Director | Leadership |
Babu Chandrasekar | Co-Founder | Leadership |
Complete people profiles for Tyche
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 Tyche
Figures of Tyche Payment Solutions Private Limited, the primary company behind Tyche, for FY 2025. Revenue was ₹2.76 Cr (+175% year on year). Net loss was -₹1.65 Cr (-60% margin). EBITDA was -₹1.32 Cr (-48% margin). Revenue has grown at a compounded annual rate of -26% over three years and +40% over five years.
- ₹2.76 CrRevenue · FY 2025 · +175% YoY
- -₹1.65 CrNet loss · -60% margin
- -₹1.32 CrEBITDA · -48% margin
- ₹8.24 CrPaid-up capital
- 22Employees (provident fund records)
- -26%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tyche Payment Solutions Private Limited are on its company page.
Detailed financial statements for Tyche
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 Tyche
4 dated milestones of Tyche across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Tyche is founded.
- Funding First funding round of $741K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $1.2M.
Competitors of Tyche
Tyche has 9 listed competitors in our database, 8 of them funded. They include Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| airpay.co.in | 2012 | Mumbai, India | $3.63M | 996 | An integrated omnichannel platform for financial services is provided. |
Detailed competitors of Tyche
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 Tyche
The website of Tyche (tychepayment.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 26.4% vs previous month
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Tyche (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Frequently Asked Questions about Tyche
Tyche was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Tyche is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Tyche is a funded company, having raised a total of $2.76M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $741.05K, raised on Feb 2020.
Tyche has 22 employees.
The primary company behind Tyche, Tyche Payment Solutions Private Limited, reported revenue of ₹2.76 Cr for FY 2025, up 175% year on year.
Tyche provides payment gateway and POS solutions for businesses. It offers QR based payments solution, POS solutions, E-Wallet, payment gateway, invoice payments, subscription service swipe, and more. It features solutions to provide integration service, plugins shopping cart, differential pricing, split settlements, multi-bank settlement, and more.
Tyche offers Payment Gateway, POS Solutions, QR Solutions, and E-Wallet.
Tyche has 11 investors. Key investors include Appaji Krishnasamy, C Rajalakshmi, Preetal Jignesh Kenia, Ashokkumar T, and Anil Kumar Doshi.
The valuation of Tyche is $25.37M as of Mar 2023.
Tyche operates through Tyche Payment Solutions Private Limited.
The legal entities of Tyche currently have 2 directors, including Chandrasekaran Saravanan, Santhosh Chandrasekaran.