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Founded
2005
Headquarters
Mumbai (India)
Status
Seed
Company Details
Pay Point India Network Private Limited, commonly known as PayPoint India, is a key player in India's financial services sector, particularly focused on enhancing financial inclusion. Established on September 16, 2005, and headquartered in Mumbai, the company has been instrumental in connecting underserved populations with essential financial services.
Recent Developments
The COVID-19 pandemic significantly boosted PayPoint's operations as it played a crucial role in disbursing government subsidies to over 12.7 million beneficiaries within the first 100 days of the lockdown. This initiative highlighted the company's capacity to respond rapidly to national needs.
Vision and Impact
PayPoint India aims to empower local retailers by enabling them to offer essential services through a single platform, thus fostering entrepreneurship at the grassroots level. The company's commitment to making financial services accessible aligns with India's broader goals of economic development and social equity.
Overall, Pay Point India stands out as a significant contributor to financial inclusion in India, leveraging technology and an extensive retail network to deliver vital services to millions of customers across the country.
Key Metrics
Total Equity Funding
$4.88Million
No. of Funding Rounds
5
Latest Funding Round
$260.0K, Seed
as of December 30, 2016
Post Money Valuation
$8.54Million
as of N/A
Funding Multiple
13.27
as of N/A
Investors
Shriambepunjinivesh
and 4 moreEmployee Count
513
Similar Companies
Pine Labs
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| December 30, 2016 | Seed | $260.0K | $8.5Million | $4.9Million | 1.8x | Prime Capital Market |
| February 24, 2016 | Seed | $789.0K | $8.7Million | $4.4M | 1.9x | Shriambepunjinivesh, Prime Capital Market, Fernsgroup, Win Win Security |
| March 29, 2014 | Seed | $2.2Million | - | - | - | Success Merchants ,Prime Capital Market |
| September 22, 2009 | Seed | $1.5Million | - | - | - | Shriambepunjinivesh, Yanik Investment, Usha Agro Products And Properties, Win Win Security, Bimpsun Investment |
| October 5, 2007 | Seed | $136.0K | $820.0K | - | - | Equest |