About Zup
Zup is a Financial Services company based in Hyderabad (India) founded in 2016 by Shubham Jindal. It operates as a cashless store payments are enabled offline via mobile-generated QR codes. Its Indian entity Zaitech Technologies Private Limited reported revenue of ₹2.20 Cr. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
Zup was founded in 2016 in Hyderabad, India, within the fintech sector. A mobile application is provided for cashless transactions at stores, operating without internet connectivity. Users enter the payment amount to generate a QR code, which is scanned at the counter to complete the process. The service supports retail payments across various shops in the region.
- Headquarters Hyderabad, India
- Founders Shubham Jindal
- SectorsFinancial Services
- Email••••••••
- Website zup.today
- Social Facebook
- Legal Name Zaitech Technologies Private Limited
- Date of Incorporation 23 Mar, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.20 Cr
FY 2019 · +338% YoY
- EBITDA-₹5.5 Lakh
FY 2019 · -2% margin
- Investors
Associated legal entities of Zup
Zup operates through Zaitech Technologies Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Zaitech Technologies Private Limited CIN U72400MH2016PTC312732 | Amalgamated | 23 Mar 2016 | Mumbai, Maharashtra | ₹2.2 Cr | – | 2 | View details |
Funding Insights of Zup
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Zup 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 2016 | – | Seed | – | – |
1 investors in total: 1 institutional.
Investors in Zup
Zup has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include FasterCapital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture building, startup incubation, and funding services are provided by FasterCapital. | – | fastercapital.com | - |
Investor details for Zup
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Board of directors of Zaitech Technologies Private Limited (Zup)
Zaitech Technologies Private Limited is the primary company behind Zup. The board of Zaitech Technologies Private Limited currently have 2 directors; the longest-serving is Rajat Yadav, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajat Yadav DIN 07480486 | Director | 23 Mar 2016 | 10 yrs 6 mo | Zaitech Technologies Private Limited |
| Shubham Tiwari DIN 08441371 | Director | 03 May 2019 | 7 yrs 5 mo | Zaitech Technologies Private Limited |
People of Zup
1 people are tracked at Zup (1 in leadership).
| Name | Role | Group |
|---|---|---|
Shubham Jindal | Co-Founder | Leadership |
Complete people profiles for Zup
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Zup
Figures of Zaitech Technologies Private Limited, the primary company behind Zup, for FY 2019. Revenue was ₹2.20 Cr (+338% year on year). EBITDA was -₹5.5 Lakh (-2% margin).
- ₹2.20 CrRevenue · FY 2019 · +338% YoY
- -₹5.5 LakhEBITDA · -2% margin
Balance sheet, profit and loss, cash flow and ratios of Zaitech Technologies Private Limited are on its company page.
Detailed financial statements for Zup
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Zup
2 dated milestones of Zup, from founding to its latest funding, stage changes and deals.
- Founded Zup is founded.
- Funding First funding round.
Competitors of Zup
Zup has 9 listed competitors in our database, 7 of them funded. They include PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.71B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| freecharge.in | 2010 | Gurugram, India | $116.92M | 1,762 | Digital wallet services for bill payments and recharges are facilitated. | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| one97.com | 2000 | Noida, India | – | 86 | Wallet-based payment solutions are provided for consumers and businesses. | |
| you.co | 2018 | Singapore | $105.5M | – | NFC-enabled travel cards and wallets are provided for travelers. | |
| citruspay.com | 2011 | Mumbai, India | $32.5M | 160 | Online payment app for consumers and businesses | |
| ebixcash.com | 1989 | Noida, India | $35.29M | 1,799 | App-based money transfer and bill payment platform for individuals and businesses |
Detailed competitors of Zup
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Zup (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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Related news about Zup
Complete news archive for Zup
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Frequently Asked Questions about Zup
Zup was founded in 2016.
Zup is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind Zup, Zaitech Technologies Private Limited, reported revenue of ₹2.20 Cr for FY 2019, up 338% year on year.
Zup was founded in 2016 in Hyderabad, India, within the fintech sector. A mobile application is provided for cashless transactions at stores, operating without internet connectivity. Users enter the payment amount to generate a QR code, which is scanned at the counter to complete the process. The service supports retail payments across various shops in the region.
Zup has 1 investor. Key investors include FasterCapital.
Zup operates through Zaitech Technologies Private Limited.
The legal entities of Zup currently have 2 directors, including Shubham Tiwari, Rajat Yadav.