Citrus Payment Solutions

Citrus Payment Solutions (Acquired/Merged)

  • FOUNDING YEAR: 2011
    LOCATION:
    India
    REGION:
    Maharashtra
    Last Update:
    9 Sep, 2019
    Phone:
    +91 87677 09900

Description

FOCUS

PRODUCTS & SERVICES:
Citrus Cash, Citrus Checkout. Citrus Cube (Citrus Wallet and Payment solution for businesses). Address the problem of small denominations of cash and loose change through its recently launched app "Death of Chutta".
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Indigo, Go Air, Amazon
EXISTING PARTNERSHIPS:
8000+ merchant partners.
COMMENT
Provides merchants with a single, simple integration point to easily manage multiple payment options and eliminate instances of failed transactions. For customers it acts as a prepaid wallet that lets users to pay for their bills and purchases across various categories.

PEOPLE

FOUNDERS:
Satyen V Kothari, Amrish Rau, Jitendra Gupta
Board Members and Advisors:
Mohit Bhatnagar
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
econtext Asia, Beenos Asia, Sequoia Capital, Ascent Capital

TRACTION

VALUATION / MARKET CAP:
$312.5 MM in 2015
REVENUE:
-
NUMBER OF TRANSACTIONS:
48 MM
TRANSACTIONS VALUE:
$3 Billions
ACTIVE USERS:
15.0000

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$34.5 Millions
DATE OF LAST FUNDING:
Oct 2015
FUNDING SERIES:
SERIES A
$4 Millions Closed: Mar 2013
SERIES B
$5.5 Millions Closed: Dec 2013
SERIES C
$25 Millions Closed: Oct 2015
LISTED:
NO

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