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. Zenpay Solutions operates in a competitive market with competitors including Zaggle, Sodexo, Karbon, Jeeves and Happay, among others.
- Headquarter Delhi, India
- Employees 34
- Founders Ankit Bhargava
- Stage Minicorn
- SectorsTechnologyTravel & Hospitality Financial Services
- Email••••••••
- Phone•••• ••••
- Website zenpaysolutions.com
- Social LinkedIn X Facebook
- Legal Name Zenpay Solutions Private Limited
- Date of Incorporation 06 Dec, 2018
- Jurisdiction Delhi, India
- Annual Revenue₹3.48 Cr
FY 2024 · -34% YoY
- Net Loss-₹1.46 Cr
FY 2024 · -42% margin
- EBITDA-₹1.12 Cr
FY 2024 · -32% margin
- Total Equity Funding$372.6K (USD)
in 2 rounds
- Latest Funding Round$290.12K (USD), Seed
Nov 2021
- InvestorsAngelBay
& 22 more
- Employee Count34
Associated legal entities of Zenpay Solutions
Zenpay Solutions operates through Zenpay Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Zenpay Solutions Private Limited CIN U93090DL2018PTC342665 | Active | 06 Dec 2018 | Delhi, Delhi | ₹3.5 Cr | 34 | 3 | View details |
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 $372,596
- Total Rounds 2
- Last Round Seed — $290,121
- First Round $82,475
(Mar 2021)
- Investors Count 23
All 2 funding rounds of Zenpay Solutions 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 |
|---|---|---|---|---|---|
| Nov 2021 | $290,121 | Seed | $2.69M | The Startup Lab, AngelBay | |
| Mar 2021 | $82,475 | Angel Round | $1.9M | Rajiv Prasad | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2021 | $2.69M | •••••••• |
| Mar 2021 | $1.9M | •••••••• |
Last known valuation $2.69M (Nov 2021). 23 investors in total: 4 institutional and 19 angel.
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 |
|---|---|---|---|---|
Angel network focused on multiple sectors | 2020 | angelbay.in | Gurugram, India | |
Private equity investments are directed toward multiple sectors. | – | desireinfrabuild.tcc.mode | Noida, India | |
Offers business development, legal compliance, co working spaces and range of marketing services | – | thestartuplab.in | Gurugram, India | |
Diversified conglomerate specializing in equity investments, manufacturing, and upscale food services. | 2019 | viney.co.in | Delhi, India | |
PW Pavitra Walwekar | - | – | unknown_81eed3fa0adc41358 | - |
NV Naresh Vigh | Angel investor and tech entrepreneur with focus on early-stage startups in India. | – | unknown_9c34b90bca184566b | - |
AA Anant Aggarwal | - | – | unknown_688f543ce1d54ab68 | - |
RS Raghav Singhal | Angel investor and entrepreneur, focused on early-stage Indian startups. | – | unknown_20093397653b4a219 | - |
AM Ashish Mittal | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | – | unknown_a4601866ff474db68 | - |
RP Rajiv Prasad | Angel investor and tech entrepreneur, co-founder of Syntellect, active in Indian startups | – | unknown_043d11f1c0e144238 | - |
Investor details for Zenpay Solutions
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 Zenpay Solutions Private Limited (Zenpay Solutions)
Zenpay Solutions Private Limited is the primary company behind Zenpay Solutions. The board of Zenpay Solutions Private Limited currently have 3 directors; the longest-serving is Amitava Biswas, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amitava Biswas DIN 02177564 | Director | 06 Dec 2018 | 7 yrs 10 mo | Zenpay Solutions Private Limited |
| Manoj Mishra DIN 02177837 | Director | 06 Dec 2018 | 7 yrs 10 mo | Zenpay Solutions Private Limited |
| Rajiv Prasad DIN 01524739 | Director | 01 May 2020 | 6 yrs 5 mo | Zenpay Solutions Private Limited |
People of Zenpay Solutions
1 people are tracked at Zenpay Solutions (1 in leadership); the tracked headcount is 34.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Zenpay Solutions
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 Zenpay Solutions
Figures of Zenpay Solutions Private Limited, the primary company behind Zenpay Solutions, for FY 2024. Revenue was ₹3.48 Cr (-34% year on year). Net loss was -₹1.46 Cr (-42% margin). EBITDA was -₹1.12 Cr (-32% margin). Revenue has grown at a compounded annual rate of +43% over three years.
- ₹3.48 CrRevenue · FY 2024 · -34% YoY
- -₹1.46 CrNet loss · -42% margin
- -₹1.12 CrEBITDA · -32% margin
- ₹13.1 LakhPaid-up capital
- 34Employees (provident fund records)
- +43%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Zenpay Solutions Private Limited are on its company page.
Detailed financial statements for Zenpay Solutions
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 Zenpay Solutions
4 dated milestones of Zenpay Solutions across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Zenpay Solutions is founded.
- Funding First funding round of $82K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $290K.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zaggle.in | 2011 | Hyderabad, India | $13.75M | 440 | Business spends, payments, and rewards are streamlined by automated workflows. | |
| sodexo.com | 1966 | – | – | 423,000 | Employee benefits payment cards are provided via an online platform. | |
| karboncard.com | 2019 | Bengaluru, India | $30.2M | 142 | International payment and corporate expense solutions are offered to businesses. | |
| tryjeeves.com | 2019 | New York, United States | $268M | – | Payment and corporate financial cards are provided digitally by Jeeves. | |
| happay.com | 2012 | Bengaluru, India | $22.35M | 225 | Expense management software and corporate cards are offered to businesses. | |
| xoxoday.com | 2012 | Bengaluru, India | $30.61M | 269 | AI-powered loyalty, rewards, and employee engagement solutions are provided. | |
| enkash.com | 2018 | Mumbai, India | $23.5M | 34 | Provider of a platform for business spend management and payment solutions | |
| kodo.com | 2019 | Mumbai, India | $9.58M | 36 | Expense management solutions are offered via an online platform. |
Detailed competitors of Zenpay Solutions
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.
Latest news on Zenpay Solutions
Complete news archive for Zenpay Solutions
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Zenpay Solutions
10 companies that operate in the same segment as Zenpay Solutions (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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 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 2021.
Zenpay Solutions has 34 employees.
The primary company behind Zenpay Solutions, Zenpay Solutions Private Limited, reported revenue of ₹3.48 Cr for FY 2024, down 34% year on year.
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.
Zenpay Solutions operates through Zenpay Solutions Private Limited.
The legal entities of Zenpay Solutions currently have 3 directors, including Amitava Biswas, Manoj Mishra, Rajiv Prasad.