• FOUNDING YEAR: 2009
    LOCATION:
    India
    REGION:
    HR
    Last Update:
    27 Jun, 2019
    Phone:
    +91 124 422 3218

Description

FOCUS

PRODUCTS & SERVICES:
Mobile wallet services - mobile recharge, postpaid bill payment, online DTH recharge, money transfer services to friend & family members, shopping, life insurance, electricity, landline and gas bill payments, etc. It provides a simple online/offline payments services to their merchant partners.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
It has around 50,000 merchants (retailers/offline) and 20,000 merchants (online). Major clients are Café Coffee Day, Domino’s Pizza, Pizza Hut, PVR, eBay, Jabong, Snapdeal, ShopClues, HomeShop18, Naaptol, Pepperfry, Fashionara, MakeMyTrip, BookMyShow, etc.
EXISTING PARTNERSHIPS:
Partnered with loyalty brands Payback, Cardback - to provide more loyalty services to their customers and strengthen the network

PEOPLE

Board Members and Advisors:
Peter Amalraj
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
Tree Line Asia, Sequoia Capital, American Express, Cisco Investments, GMO Payment Gateway, MediaTek, Net1, Upasana Taku

TRACTION

VALUATION / MARKET CAP:
$625 MM in 2016
TRANSACTIONS VALUE:
$196 MM

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$126.85 Millions
DATE OF LAST FUNDING:
Apr 2017
TOTAL FUNDING COMMENT:
Private equity: $40 M in 2016.
SEED & PRIOR FUNDING:
$250 K
SEED CLOSED ON:
Sep 2012
FUNDING SERIES:
SERIES A
$5 Millions Closed:
SERIES B
$31.6 Millions Closed: Dec 2015
SERIES C
$50.93 Millions Closed: Apr 2017
LISTED:
NO

LATEST RESEARCH