About Zenpay Solutions
Zenpay Solutions is a company based in Delhi (India) founded in 2018 by Ankit Bhargava. Zenpay Solutions has raised $372.6 thousand across 2 funding rounds from investors including AngelBay, The Startup Lab and Pavitra Walwekar. The company has 34 employees as of April 07, 2024. Zenpay Solutions operates in a competitive market with competitors including Zaggle, Sodexo, Karbon, Jeeves and Happay, among others.
- Headquarter Delhi, India
- Employees 34 as on 07 Apr, 2024
- Founders Ankit Bhargava
- Stage Minicorn
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Sectors
TechnologyTravel & Hospitality Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Zenpay Solutions Private Limited
- Date of Incorporation 06 Dec, 2018
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$630.77 K (USD)79.75as on Mar 31, 2023
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Net Profit
-$163.31 K (USD)-44.2as on Mar 31, 2023
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EBITDA
-$130.49 K (USD)-63.5as on Mar 31, 2023
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Total Equity Funding
$372.6 K (USD)
in 2 rounds
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Latest Funding Round
$290.12 K (USD), Seed
Nov 09, 2021
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Investors
AngelBay
& 22 more
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Employee Count
34
as on Apr 07, 2024
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Funding Insights of Zenpay Solutions
Zenpay Solutions has successfully raised a total of $372.6K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $290.12 thousand completed in November 2021. 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 — $290,121
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First Round
First Round
(29 Mar 2021)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Zenpay Solutions | Valuation | The Startup Lab , AngelBay | |
| Mar, 2021 | Amount | Angel Round - Zenpay Solutions | Valuation | Rajiv Prasad |
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Investors in Zenpay Solutions
Zenpay Solutions has secured backing from 23 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include AngelBay, The Startup Lab and Pavitra Walwekar.
| Investor | Description | Founded Year | Domain | Location |
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Angel network focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Offers business development, legal compliance, co working spaces and range of marketing services
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Founded Year | Domain | Location |
Investments & Acquisitions by Zenpay Solutions
Financial Statements - Zenpay Solutions
Zenpay Solutions Comparisons
Competitors of Zenpay Solutions
Zenpay Solutions 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 Zaggle, Sodexo, Karbon, Jeeves and Happay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
International payment and corporate expense solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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| domain | founded_year | HQ Location |
Expense management software and corporate cards are offered to businesses.
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| domain | founded_year | HQ Location |
AI-powered loyalty, rewards, and employee engagement solutions are provided.
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Latest news on Zenpay Solutions
Frequently Asked Questions about Zenpay Solutions
Zenpay Solutions was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Zenpay Solutions is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Ankit Bhargava is the current CEO of Zenpay Solutions. They have also founded this company.
Zenpay Solutions is a funded company, having raised a total of $372.6K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $82.48K, raised on Mar 29, 2021.
As of Apr 07, 2024, the latest employee count at Zenpay Solutions is 34.
Annual revenue of Zenpay Solutions is $630.77K as on Mar 31, 2023.
Zenpay Solutions was founded in 2018 in Delhi, India, within the fintech sector. Operations focus on expense management cards for employees, alongside digital banking and payment solutions. Salary processing services are provided to support secure financial distribution. Expenses are tracked through an interactive dashboard on the platform. Gift cards granting access to various brands with discounts are also issued.
Zenpay Solutions has 23 investors. Key investors include AngelBay, The Startup Lab, Pavitra Walwekar, Naresh Vigh, and Anant Aggarwal.
The valuation of Zenpay Solutions is $2.69M as of Nov 2021.