About Uvik Technologies
Uvik Technologies is a company based in Bengaluru (India) founded in 2019 by Rahul Hirve was acquired by Infibeam Avenues in February 2022. Uvik Technologies has raised $964.59 thousand across 2 funding rounds from investors including Infibeam Avenues and Season Two Ventures. The company has 19 employees. Uvik Technologies operates in a competitive market with competitors including PayRange, FreedomPay, CM Telecom, QueueBuster and CardSpring, among others.
- Headquarter Bengaluru, India
- Employees 19
- Founders Rahul Hirve
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website uvik.in
- Social LinkedIn Facebook
- Acquired by Infibeam Avenues (Feb 2022)
- Legal Name Uvik Technologies Private Limited
- Date of Incorporation 15 Jul, 2019
- Jurisdiction Gandhinagar, Gujarat, India
- Annual Revenue₹7.18 Cr
FY 2025 · +40% YoY
- Net Profit₹91.8 Lakh
FY 2025 · 13% margin
- EBITDA₹2.06 Cr
FY 2025 · 29% margin
- Total Equity Funding$964.59K (USD)
in 2 rounds
- Latest Funding Round$475.34K (USD), Seed
Dec 2020
- InvestorsInfibeam Avenues
& 1 more
- Employee Count19
- Acquired byInfibeam Avenues
(Feb 2022)
Associated legal entities of Uvik Technologies
Uvik Technologies operates through Uvik Technologies 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 |
|---|---|---|---|---|---|---|---|
| Uvik Technologies Private Limited CIN U72900GJ2019PTC157085 | Active | 15 Jul 2019 | Gandhinagar, Gujarat | ₹7.2 Cr | 19 | 3 | View details |
Funding Insights of Uvik Technologies
Uvik Technologies has successfully raised a total of $964.59K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $475.34 thousand completed in December 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 $964,593
- Total Rounds 2
- Last Round Seed — $475,343
- First Round $489,250
(Dec 2019)
- Investors Count 1
All 2 funding rounds of Uvik Technologies 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 |
|---|---|---|---|---|---|
| Dec 2020 | $475,343 | Seed | $3.4M | Season Two Ventures | – |
| Dec 2019 | $489,250 | Seed | $2.17M | Season Two Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2020 | $3.4M | •••••••• |
| Dec 2019 | $2.17M | •••••••• |
Last known valuation $3.4M (Dec 2020). 2 investors in total: 2 institutional.
Investors in Uvik Technologies
Uvik Technologies has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Infibeam Avenues and Season Two Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed towards early-stage and growth-stage B2B sectors, including technology, fintech, and healthcare. | 2019 | seasontwo.vc | Bengaluru, India | |
Digital payment solutions and enterprise software platforms are provided. | 2007 | ia.ooo | Gandhinagar, India |
Investor details for Uvik Technologies
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Board of directors of Uvik Technologies Private Limited (Uvik Technologies)
Uvik Technologies Private Limited is the primary company behind Uvik Technologies. The board of Uvik Technologies Private Limited currently have 3 directors; the longest-serving is Vishwas Ambalal Patel, appointed in 2022. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vishwas Ambalal Patel DIN 00934823 | Director | 30 Mar 2022 | 4 yrs 6 mo | Uvik Technologies Private Limited |
| Vishal Ajitbhai Mehta DIN 03093563 | Director | 30 Mar 2022 | 4 yrs 6 mo | Uvik Technologies Private Limited |
| Laljibhai Vora DIN 00535626 | Director | 30 Mar 2022 | 4 yrs 6 mo | Uvik Technologies Private Limited |
People of Uvik Technologies
1 people are tracked at Uvik Technologies (1 in leadership); the tracked headcount is 19.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Uvik Technologies
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Financials of Uvik Technologies
Figures of Uvik Technologies Private Limited, the primary company behind Uvik Technologies, for FY 2025. Revenue was ₹7.18 Cr (+40% year on year). Net profit was ₹91.8 Lakh (13% margin). EBITDA was ₹2.06 Cr (29% margin). Revenue has grown at a compounded annual rate of +169% over three years and +376% over five years.
- ₹7.18 CrRevenue · FY 2025 · +40% YoY
- ₹91.8 LakhNet profit · 13% margin
- ₹2.06 CrEBITDA · 29% margin
- ₹1.6 LakhPaid-up capital
- 19Employees (provident fund records)
- +169%Revenue CAGR, 3 years
- +376%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Uvik Technologies Private Limited are on its company page.
Detailed financial statements for Uvik Technologies
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Timeline of Uvik Technologies
5 dated milestones of Uvik Technologies across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Uvik Technologies is founded.
- Funding First funding round of $489K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $475K.
- Exit Acquired by Infibeam Avenues.
Competitors of Uvik Technologies
Uvik Technologies 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 PayRange, FreedomPay, CM Telecom, QueueBuster and CardSpring, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| payrange.com | 2013 | Portland, United States | $85.14M | 21 | Mobile payments for vending machines are facilitated via smartphone app. | |
| freedompay.com | 2000 | Radnor, United States | $7.76M | 243 | Online payment gateway and MPOS solutions are offered to businesses. | |
| cm.com | 1999 | Breda, Netherlands | – | 21 | Provider of engagement platform with AI agents and unified data tools | |
| queuebuster.co | 2016 | Noida, India | $8.1M | 92 | All-in-one POS and business management system is provided. | |
| cardspring.com | 2010 | Palo Alto, United States | $10M | – | Mobile applications are connected to payment cards via APIs. | |
| softpay.io | 2019 | Copenhagen, Denmark | $2.07M | 30 | Android devices are converted into POS systems for contactless payments. | |
| kyteapp.com | 2017 | Florianopolis, Brazil | – | – | Kyte is recognized as a provider of POS and inventory management solutions for small businesses. | |
| perpule.com | 2016 | Bengaluru, India | $6.36M | 6 | App-based self-checkout is enabled for offline retail stores. | |
| klearly.nl | 2021 | Amsterdam, Netherlands | $8.41M | – | Mobile POS payment acceptance is enabled for businesses via smartphones. |
Detailed competitors of Uvik Technologies
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Web traffic of Uvik Technologies
The website of Uvik Technologies (uvik.in) receives about 1.1K visits a month.
- Monthly visits1.1K
Latest news on Uvik Technologies
Complete news archive for Uvik Technologies
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Similar companies to Uvik Technologies
10 companies that operate in the same segment as Uvik Technologies (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
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, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Uvik Technologies
Uvik Technologies was founded in 2019.
Uvik Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rahul Hirve is the current CEO of Uvik Technologies. They have also founded this company.
Uvik Technologies is a funded company, having raised a total of $964.59K across 2 funding rounds to date. The company's 1st funding round was a Seed of $489.25K, raised on Dec 2019.
Uvik Technologies has 19 employees.
The primary company behind Uvik Technologies, Uvik Technologies Private Limited, reported revenue of ₹7.18 Cr for FY 2025, up 40% year on year.
Founded in 2019 in Bengaluru, India, Uvik Technologies operates in the fintech sector, delivering a mobile-based POS application. This tool supports various retail businesses, including grocery stores, salons, restaurants, and cab services. Payments are processed through credit and debit cards, bank transfers, and other methods by simply tapping cards to the phones back. Operations focus on simplifying transactions for small-scale merchants.
Uvik Technologies's top competitors include PayRange, FreedomPay and CM Telecom.
Uvik Technologies has 2 investors. Key investors include Infibeam Avenues, and Season Two Ventures.
The valuation of Uvik Technologies is $3.4M as of Dec 2020.
Uvik Technologies operates through Uvik Technologies Private Limited.
Yes. Uvik Technologies was acquired by Infibeam Avenues in February 2022.