About YTS
YTS is a Financial Services company based in Mumbai (India) founded in 2013, and was acquired by Airtel in August 2015. Mobile prepaid payment solutions are delivered through a dedicated app. YTS has raised $111.42 thousand across 1 funding round from investors including Airtel. The company has 1 employees. The company was acqui-hired. Its focus areas include FinTech, Payments, Business Payments and Agent Based Payments. Its legal entity in India is Yts Solutions Private Limited (U74120MH2013PTC250620). Its competitors include Dvara KGFS, Pay Point India and Kaleidofin; 3 of its 3 listed competitors have raised funding.
Company details
YTS was founded in 2013 in Mumbai, India, within the fintech sector. Mobile payment services are provided via the UnionBankMoney app, where transfers occur between users using mobile numbers or to Union Bank accounts instantly and other banks within one day. Wallet funding is facilitated at offline agents or online portals. Acquisition by Bharti Airtel Ltd. took place in 2015.
- Headquarters Mumbai, India
- Employees 1
- Stage Acquired
- SectorsFinancial Services
- Website yts.net.in
- Social LinkedIn
- Acquired by Airtel (Aug 2015)
- Legal Name Yts Solutions Private Limited
- Date of Incorporation 02 Dec, 2013
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of YTS
YTS operates through Yts Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Yts Solutions Private Limited CIN U74120MH2013PTC250620 | Active | 02 Dec 2013 | Mumbai, Maharashtra | 2 | View details |
Funding Insights of YTS
YTS has successfully raised a total of $111.42K through 1 strategic funding round. The most recent funding activity was a Seed round of $111.42 thousand completed in December 2014. 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 $111,423
- Total Rounds 1
- Last Round Seed — $111,423
- First Round $111,423
(Dec 2014)
All 1 funding rounds of YTS 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 2014 | $111,423 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in YTS
YTS has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Airtel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global telecommunications company | 1995 | airtel.com | Delhi, India |
Investor details for YTS
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 Yts Solutions Private Limited (YTS)
Yts Solutions Private Limited is the primary company behind YTS. The board of Yts Solutions Private Limited currently have 2 directors; the longest-serving is Kunal Avinash Kumthekar, appointed in 2016. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kunal Avinash Kumthekar DIN 00487540 | Director | 01 Apr 2016 | 10 yrs 6 mo | Yts Solutions Private Limited |
| Josey Joseph DIN 07918943 | Director | 15 Mar 2019 | 7 yrs 7 mo | Yts Solutions Private Limited |
Financials of YTS
Figures of Yts Solutions Private Limited, the primary company behind YTS, for FY 2020. Net loss was -₹3.8 Lakh (0% margin). EBITDA was -₹1.5 Lakh (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹3.8 LakhNet loss · 0% margin
- -₹1.5 LakhEBITDA · 0% margin
- ₹2.35 CrPaid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Yts Solutions Private Limited are on its company page.
Detailed financial statements for YTS
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 YTS
3 dated milestones of YTS across 2 years, from founding to its latest funding, stage changes and deals.
- Founded YTS is founded.
- Funding First funding round of $111K.
- Exit Acquired by Airtel.
Competitors of YTS
YTS has 3 listed competitors in our database, 3 of them funded. They include Dvara KGFS, Pay Point India and Kaleidofin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| paypointindia.com | 2007 | Mumbai, India | $7.74M | 346 | Digital financial and retail services are provided via agent networks. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending |
Detailed competitors of YTS
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.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as YTS (Payments & Remittance Platforms) in India, 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 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 and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about YTS
YTS was founded in 2013 and raised its 1st funding round 1 year after it was founded.
YTS is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
YTS is a funded company, having raised a total of $111.42K across 1 funding round to date. The company's 1st funding round was a Seed of $111.42K, raised on Dec 2014.
YTS was founded in 2013 in Mumbai, India, within the fintech sector. Mobile payment services are provided via the UnionBankMoney app, where transfers occur between users using mobile numbers or to Union Bank accounts instantly and other banks within one day. Wallet funding is facilitated at offline agents or online portals. Acquisition by Bharti Airtel Ltd. took place in 2015.
YTS's top competitors include Pay Point India, Kaleidofin and Dvara KGFS.
YTS has 1 investor. Key investors include Airtel.
YTS operates through Yts Solutions Private Limited.
Yes. YTS was acquired by Airtel in August 2015.
The legal entities of YTS currently have 2 directors, including Josey Joseph, Kunal Avinash Kumthekar.