Company lists
The Delhi edition · 2026

Paymentscompanies in Delhi

Online payments & gateways, bill payments, wallets & cards, banking & remittance, business payments and more: the companies building payments in Delhi, with their founders, funding, team size and business models.

173 company profiles56 with reported revenue13 with recorded fundingOctober 2026 edition
Delhi · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent payments business events in India

Funding, M&A, contract wins and launches involving 2,854 payments companies in India, last 24 months: 75 M&A deals · 62 Contracts · 57 funding rounds · 42 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingSeries Funding

Paytm

Digital payments major Paytm is looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron,…

Investors David Cameron
Digital payments
M&AAcquisition · Completed

Elevation capital acquires One97 communications

Elevation Capital V Limited has made a sale of equity shares of One97 Communications Limited (parent company of PayTM) on the NSE and BSE for an aggregate consideration of ₹963.6 crore.

M&AAcquisition · Completed

Ran Ventures acquires Zaggle

RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%.

Fintech SaaS
M&AAcquisition · Announced

Zaggle Prepaid Ocean Services acquires Dice

Zaggle Prepaid Ocean Services Ltd, a spend management solutions company, has said that its board has approved the transaction structure for the strategic acquisition of DICE. Zaggle has…

AI Spend Management Platform
M&AAcquisition · Completed

Pine labs acquires Shopflo Technologies

Obhan Mason, a leading law firm, was lead legal counsel to Pine Labs, a leading merchant commerce platform, on its acquisition of Shopflo Technologies, a SaaS-based online checkout…

SaaS-based online checkout platform
M&AAcquisition · Announced

Pine labs acquires Shopflo

Pine Labs’ ₹88 crore acquisition of Shopflo

Fintech
LaunchIntegration with Banking Connect

Decentro

Decentro is ready to launch its integration with Banking Connect—the netbanking payment framework offered by NPCI Bharat BillPay Ltd— designed to simplify netbanking workflows while…

Netbanking payment integration
ContractService

Zaggle Prepaid Ocean Services · client: Generali Central Insurance Company

Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.

Spend management
LaunchPayment Aggregator

Cred

Recently, CRED received a nod from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), enabling the company to onboard merchants, collect payments on their behalf…

Payment service
Funding

M-pesa

Vodacom has invested $28m to upgrade technology for its M-Pesa platform in Tanzania.

Investors Vodacom
Fintech (Mobile Money)
M&AAcquisition · Announced

BLS E-Services acquires Atyati technologies

BLS E-Services on Monday said it will acquire a 100 per cent stake in Atyati Technologies for Rs 154 crore.

Technology platforms for financial inclusion
Funding

Sign3

Gurugram-based fraud intelligence startup Sign3 has raised $1.5 million in a funding round led by early-stage venture firm Cedar Hill Capital.

Investors Cedar Hill Capital, Smile group, Rajesh Sawhney, Dinesh Agarwal
Fraud detection / Financial technology
ContractService

Experience commerce · client: Fiat Payments

Experience Commerce, a full-service digital marketing agency and part of the Cheil SWA Group, has secured the annual social media mandate for Fiat Payments Private Limited (FiatPe)…

Digital marketing
ContractService

Vakrangee · client: Bajaj General Insurance Limited

Mumbai-based software player and white-label ATM operator Vakrangee Ltd on Saturday said it has entered into a corporate agency arrangement with Bajaj General Insurance Limited to…

Insurance
Funding

Scapia

Scapia, a Bengaluru-based travel fintech that issues co-branded credit cards, is in talks to raise US$50‑60 million in a round led by US VC General Catalyst, people familiar with the…

Fintech
ContractInfrastructure

Cowrks · client: Cashfree payments

New Delhi: Real estate firm COWRKS, which provides managed office spaces, has leased 80,000 sq ft area in Bengaluru to Cashfree Payments.

Real Estate
LaunchWorld’s First Agent Studio

Razorpay

Razorpay announced the launch of the “World’s First Agent Studio”, built using the Claude Agent SDK from Anthropic, at Razorpay’s flagship event, FTX’2026, in India on 12 March 2026.

B2B agent marketplace and builder platform
LaunchNGAGE for Enterprises

Comviva

Comviva has announced the launch of NGAGE for Enterprises, a next-generation communications platform as-a-service (CPaaS) platform designed to help enterprises deliver seamless, secure,…

Communications platform as a service (CPaaS)
Funding

Innoviti

Another notable deal came from fintech startup Innoviti, which secured $11.4 million in funding from investors including Bessemer Venture Partners, along with several angel investors and…

Investors Bessemer venture partners, Several angel investors, Family offices
Fintech
FundingDebt

Mintoak

Merchant SaaS platform Mintoak is set to raise Rs 80 crore in debt from BlackSoil to fund the acquisition of Dubai-based customer loyalty management platform Innovative Consumer Concepts…

Investors Blacksoil
Merchant SaaS platform
FundingSeries M

Innoviti

Fintech soonicorn Innoviti has closed its Series M funding round at ₹104 Cr ($11.4 Mn).

Investors Bessemer venture partners, Ola Electric backer Ashutosh Joshi, Arihant Patni of Patni Family Office, JuliaHub cofounder Deepak Vinchhi
Fintech
Funding

Xflow

Notably, earlier this week, General Catalyst also led a $16.6 million funding round in B2B cross-border payments startup Xflow.

B2B cross-border payments
LaunchJioFinance

Jio financial services

Jio Financial Services Ltd on Friday launched an online marketplace for financial products through its new app JioFinance.

Online Marketplace for Financial Services
M&AAcquisition · Announced

Billdesk acquires Worldline India business

Mumbai-headquartered digital payments processor Billdesk is set to acquire the India business of French payments giant Worldline for an estimated equity value of $70 million.

Payments
FundingSeed

Reload

Reload, an innovative AI workforce management platform, has secured $2.275 million in seed funding while unveiling its flagship product, Epic.

AI Workforce Management
Funding

Tonetag

Bengaluru-based Tonetag, a deeptech startup which focusses on sound-based payment systems, has raised Rs 35.16 crore ($3.8 million) from Qualcomm Ventures, according to documents…

Payments
M&AAcquisition · Announced

BLS E-Services acquires Atyati technologies

BLS E-Services Limited (BLSe), a digital service provider to governments and financial institutions, has signed a binding term sheet to acquire a 100% equity stake in Atyati Technologies…

Financial Inclusion Technology
LaunchUnified Digital Distribution Management System

Comviva

Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its next-generation Digital Distribution Management System for channel…

Digital Distribution Management System
FundingSeries D Follow-on

Juspay

Bengaluru-based payments infrastructure firm Juspay has secured $50 million in a Series D follow-on round led by WestBridge Capital, valuing the company at $1.2 billion.

Payments infrastructure
FundingSeries C

Xoxoday

Xoxoday, a global rewards, incentives, and Loyalty technology company, has raised a Series C round backed by its existing investors – Apis Partners & 57 Stars, marking a key milestone as…

Rewards, Incentives & Loyalty technology

Payments companies in Delhi, by revenue

Browse payments companies in Delhi by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 56 payments companies in Delhi that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Digital payment solution provider

Payments
₹923.36 crFY 2024-25
-2%2024–2025
1,385+22% 12 mo to Aug 2024recorded Aug 2024
11 yr2015
0none in 3 months

Provider of various loan products and credit cards from multiple institutions

Alternative lending
₹808.02 crFY 2024-25
+28%2024–2025
1,593+11% 12 mo to Aug 2024LinkedIn · Jul 2026
37 yr1989
3postings · last posted Sep 2026

Platform providing money transfer and payment services

Payments
₹415.17 crFY 2021-22
+815%2021–2022
—Not available
6 yr2020
0none in 3 months

Provider of payment solutions, including payment aggregation and cross-border transactions

Payments
₹268.57 crFY 2024-25
+203%2024–2025
184LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Apr 2026

Utility payment service provider

Payments
₹177.41 crFY 2021-22
+57%2021–2022
—Not available
9 yr2017
0none in 3 months

Provider of agent-based payment solutions for businesses

Payments
₹180.43 crFY 2022-23
Not reported
—Not available
8 yr2018
—No postings tracked

Wallet-enabled money transfer and payment acceptance solutions for businesses

Payments
₹165.06 crFY 2024-25
+72%2024–2025
54LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Mar 2026

Wallet-enabled domestic money transfer and bill payment solutions

Payments
₹97.47 crFY 2024-25
+84%2024–2025
276+46% 12 mo to Aug 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jun 2026

Provider of payment solutions for consumers

Payments
₹63.12 crFY 2024-25
+116%2024–2025
—Not available
5 yr2021
0none in 3 months

Provider of a prepaid card rewarding healthy lifestyle choices

Payments
₹55.87 crFY 2024-25
+142%2024–2025
9LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Omni-channel collection and settlement platform

Payments
₹27.18 crFY 2024-25
+108%2024–2025
173+48% 12 mo to Jul 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Jan 2019

Online payment solutions for businesses

Payments
₹21.64 crFY 2024-25
+157%2024–2025
—Not available
3 yr2023
0none in 3 months

Bill payment platform for consumers

Payments
₹21.15 crFY 2024-25
-29%2024–2025
—Not available
10 yr2016
0none in 3 months

Agent-enabled payment solutions for consumers and businesses

Payments
₹20.02 crFY 2024-25
+13%2024–2025
28-7% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of pocket money and payment application for students

Payments
₹19.50 crFY 2024-25
Not reported
23-29% vs previous recordLinkedIn · Jul 2026
6 yr2020
0none in 3 months

Escrow-based banking solutions for consumers and businesses

Service providers to banks
₹16.03 crFY 2024-25
+161%2024–2025
55+103% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Online platform offering bill payment solutions for individuals and businesses

Payments
₹13.74 crFY 2021-22
Not reported
1+0% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Agent based payment solutions for consumers and businesses

Payments
₹14.62 crFY 2024-25
+182%2024–2025
—Not available
7 yr2019
0none in 3 months

Agent-based payment and digital services for consumers and businesses

Payments
₹9.37 crFY 2024-25
-19%2024–2025
44LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Online bill payment platform for individuals

Payments
₹8.80 crFY 2023-24
+900%2023–2024
23LinkedIn · Jul 2026
6 yr2020
0none in 3 months

AI-enabled diversified payment processing solution for businesses

Payments
₹7.52 crFY 2024-25
+297%2024–2025
6LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Mobile-based platform providing utility bill payment solutions

Payments
₹5.01 crFY 2021-22
Not reported
—Not available
8 yr2018
0none in 3 months

Online fee payment platform for schools, electricity providers, and utility bills

K-12 edtech
₹4.45 crFY 2021-22
Not reported
—Not available
14 yr2012
0none in 3 months

Expense management card for employees

Hrtech
₹3.48 crFY 2023-24
-34%2023–2024
45-34% 12 mo to May 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of bill payment solutions to consumers and businesses

Payments
₹3.36 crFY 2024-25
+1239%2024–2025
—Not available
6 yr2020
0none in 3 months
50 of 173 companies shown here · the full list is on Radar
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Explore all 173 payments companies in Delhi on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open payments in Delhi on Radar
  • Every company, not just 50All 173 payments companies in Delhi, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore payments companies in Delhi by what you are looking for

Find payments companies in Delhi, including online payment gateways, bill payment platforms and digital wallet providers. Compare the top payments companies in Delhi, payments startups and fintech firms serving businesses and consumers.

9 ways to explore payments in Delhi

Online payment gateway & aggregator companiesBill payment & recharge platformsDigital wallet & prepaid card companiesBanking technology & money transfer companiesBusiness payments & expense management companiesSchool & education fee payment platforms

Online payment gateway & aggregator companies

Payment gateways and aggregators that let businesses accept online payments.

  1. Any2Pay

    White-labeled payment gateway for businesses

    Payments
    See in list
  2. Grezpay

    Payment gateway

    Payments
    Website
  3. GlobePay

    Payment gateway solution provider

    Payments
    Website
  4. four fractions

    Online secure payments via Net Banking

    Payments
    Website
  5. ATPAY

    Payment gateway platform

    Payments
    Website
51 companies in Delhi

Bill payment & recharge platforms

Platforms for utility bill payments, mobile recharge and agent-based payments.

  1. RNFI Services

    Digital payment solution provider

    Payments
    See in list
  2. Levelnext Ideas

    Utility payment service provider

    Payments
    See in list
  3. GreenPay Network

    Online bill payment platform for individuals

    Payments
    See in list
  4. Pay2

    Mobile-based platform providing utility bill payment solutions

    Payments
    See in list
  5. UlluPay

    Platform for bill payments

    Payments
    Website
42 companies in Delhi

Digital wallet & prepaid card companies

Providers of mobile wallets, prepaid cards and corporate cards.

  1. Elixir

    Provider of a prepaid card rewarding healthy lifestyle choices

    Payments
    See in list
  2. Junio

    Provider of pocket money and payment application for students

    Payments
    See in list
  3. Zenpay Solutions

    Expense management card for employees

    Hrtech
    See in list
  4. ZRO

    Prepaid cards for business expenses and employee payouts

    Payments
    See in list
  5. EZPocket

    Credit card and benefits platform for consumers

    Payments
    See in list
24 companies in Delhi

Banking technology & money transfer companies

White-label banking, remittance and money transfer solutions.

  1. Bestpay Solutions

    Platform providing money transfer and payment services

    Payments
    See in list
  2. xpWallet

    White-label solutions for mobile wallets, banking, payments and eCommerce solutions

    Payments
    See in list
  3. Kiaraa Pay

    Provider of financial transaction services for underserved populations

    Payments
    See in list
  4. plutos ONE

    Provider of digital transaction services for banking sector

    Service providers to banks
    See in list
  5. RNFI Services

    Digital payment solution provider

    Payments
    See in list

Business payments & expense management companies

Payables, receivables, payouts and spend management for companies.

  1. ZRO

    Prepaid cards for business expenses and employee payouts

    Payments
    See in list
  2. MargPay

    Payment gateway & payment reconciliation solutions for businesses

    Payments
    See in list
  3. Growthfile

    Offers web-based accounts payable automation solution for finance teams

    Scm software
    Website
  4. shoplyft

    Shopping Made Easy and Quick!

    Payments
    Website
  5. kappa premium telecom

    Kappa Premium Telecom is a pay-out company providing payment solutions for domestic and billing purposes.

    Payments
    Website
88 companies in Delhi

School & education fee payment platforms

Online fee collection and payment platforms for schools and colleges.

  1. QuikFee

    Online fee payment platform for schools, electricity providers, and utility bills

    K-12 edtech
    See in list
  2. FeeOnTime

    Online portal for paying fees for educational institutions

    Higher education tech
    Website
  3. PayAnyFee

    Provider of a centralized fee payment platform for educational institutions

    Payments
    Website
  4. Stoofers

    Platform offering a multi-purpose student card

    Coupons and deals
    Website
  5. PayShulk

    Payment acceptance solution for businesses

    Payments
    Website

Loan & credit platforms

Online lending and loan comparison platforms for consumers.

  1. MyMoneyMantra

    Provider of various loan products and credit cards from multiple institutions

    Alternative lending
    See in list
  2. PhoneParLoan

    Online marketplace offering personal loans for consumers

    Alternative lending
    Website
  3. HURU

    App-based platform for goal-based saving management, bill payments, remittances, and salary advances

    Digital remittance
    Website

Payments startups in Delhi

Newer payments companies founded in Delhi in recent years.

  1. Vidcom

    Wallet-enabled domestic money transfer and bill payment solutions

    Payments
    See in list
  2. Shakti E Solutions

    Provider of payment solutions for consumers

    Payments
    See in list
  3. Velozpay

    Online payment solutions for businesses

    Payments
    See in list
  4. Cipherpay

    AI-enabled diversified payment processing solution for businesses

    Payments
    See in list
  5. Any2Pay

    White-labeled payment gateway for businesses

    Payments
    See in list
52 companies in Delhi

Payments companies hiring in Delhi

Payments companies in Delhi that currently have open roles.

  1. MyMoneyMantra

    Provider of various loan products and credit cards from multiple institutions

    Alternative lending
    See in list
  2. Pay10

    Provider of payment solutions, including payment aggregation and cross-border transactions

    Payments
    See in list
  3. iMoney Pay

    Wallet-enabled money transfer and payment acceptance solutions for businesses

    Payments
    See in list
  4. SabPaisa

    Omni-channel collection and settlement platform

    Payments
    See in list
  5. PoolWallet

    Money pooling based mobile app

    Payments
    Website
6 companies in Delhi
Mobile reach

Top 10 payments apps from Delhi

The most-installed Android apps published by payments companies headquartered in Delhi — 13.3M installs between them. 31 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Junio: NCMC card for students

by Junio

Installs3.8M
Rating—
Installs, year on year+47%
Last updatedMay 2026
View on Google Play ↗
Junio: NCMC card for students screenshot 1Junio: NCMC card for students screenshot 2Junio: NCMC card for students screenshot 3Junio: NCMC card for students screenshot 4Junio: NCMC card for students screenshot 5Junio: NCMC card for students screenshot 6
2

EaseMyDeal: Credit Card, Bills

by EaseMyDeal

Installs2.4M
Rating—
Installs, year on year+87%
Last updatedJun 2026
View on Google Play ↗
EaseMyDeal: Credit Card, Bills screenshot 1EaseMyDeal: Credit Card, Bills screenshot 2EaseMyDeal: Credit Card, Bills screenshot 3EaseMyDeal: Credit Card, Bills screenshot 4EaseMyDeal: Credit Card, Bills screenshot 5EaseMyDeal: Credit Card, Bills screenshot 6
3

Personal Loans & Credit Cards

by MyMoneyMantra

Installs1.8M
Rating—
Installs, year on year+29%
Last updatedMar 2026
View on Google Play ↗
Personal Loans & Credit Cards screenshot 1Personal Loans & Credit Cards screenshot 2Personal Loans & Credit Cards screenshot 3Personal Loans & Credit Cards screenshot 4Personal Loans & Credit Cards screenshot 5Personal Loans & Credit Cards screenshot 6
4

ZEN.COM – Mobile Wallet

by Zen.com

Installs1.8M
Rating4.3248K ratings
Installs, year on year+74%
Last updatedMay 2026
View on Google Play ↗
ZEN.COM – Mobile Wallet screenshot 1ZEN.COM – Mobile Wallet screenshot 2ZEN.COM – Mobile Wallet screenshot 3ZEN.COM – Mobile Wallet screenshot 4ZEN.COM – Mobile Wallet screenshot 5ZEN.COM – Mobile Wallet screenshot 6
6

MobilePe: Recharge & Payment

by MobilePe

Installs728K
Rating—
Last updatedMar 2026
View on Google Play ↗
MobilePe: Recharge & Payment screenshot 1MobilePe: Recharge & Payment screenshot 2MobilePe: Recharge & Payment screenshot 3MobilePe: Recharge & Payment screenshot 4MobilePe: Recharge & Payment screenshot 5MobilePe: Recharge & Payment screenshot 6
8

RechargeCube: Mobile Recharge

by RechargeCube

Installs294K
Rating—
Installs, year on year+7%
Last updatedAug 2024
View on Google Play ↗
RechargeCube: Mobile Recharge screenshot 1RechargeCube: Mobile Recharge screenshot 2RechargeCube: Mobile Recharge screenshot 3RechargeCube: Mobile Recharge screenshot 4RechargeCube: Mobile Recharge screenshot 5RechargeCube: Mobile Recharge screenshot 6
9

Huru: Zero Balance UAE Account

by HURU

Installs237K
Rating4.52K ratings
Installs, year on year+160%
Last updatedJun 2026
View on Google Play ↗
Huru: Zero Balance UAE Account screenshot 1Huru: Zero Balance UAE Account screenshot 2Huru: Zero Balance UAE Account screenshot 3Huru: Zero Balance UAE Account screenshot 4Huru: Zero Balance UAE Account screenshot 5Huru: Zero Balance UAE Account screenshot 6
10

Stoofers : GenZ lifestyle app

by Stoofers

Installs164K
Rating—
Last updatedFeb 2026
View on Google Play ↗
Stoofers : GenZ lifestyle app screenshot 1Stoofers : GenZ lifestyle app screenshot 2Stoofers : GenZ lifestyle app screenshot 3Stoofers : GenZ lifestyle app screenshot 4Stoofers : GenZ lifestyle app screenshot 5Stoofers : GenZ lifestyle app screenshot 6
The business behind the activity

Payments financials in Delhi

Revenue, profit and growth from the filed annual accounts of 45 payments companies in Delhi for FY24-25 — 67 of the 173 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 76% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,978.22 cr

45 companies filing accounts

combined net profit₹146.24 cr

7.4% aggregate margin

are profitable56%

25 of 45 companies

median revenue~₹2.7 cr

the typical company

median revenue growth+84%

into FY24-25

earned by the top five76%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,023.05 crFY19-2033 filers
₹855.53 crFY20-2136 filers
₹1,696.75 crFY21-2239 filers
₹1,244.19 crFY22-2345 filers
₹1,298.76 crFY23-2447 filers
₹1,978.22 crFY24-2545 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 35 companies over three years

+59%
FY22-23₹1,203.79 cr₹11.11 cr net
FY23-24₹1,266.74 cr₹14.79 cr net
FY24-25₹1,910.78 cr₹149.04 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1729% profitable
₹1–10 cr1080% profitable
₹10–100 cr1560% profitable
₹100–1,000 cr3100% profitable
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking12
0–20%2
20–50%5
50–100%5
Doubled+17

41 companies with accounts for both years; median growth +84%.

Profitability

Profit is concentrated at the top

25profitable
20loss-making
7.4%aggregate margin
0.2%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
PTRONICSPTRONICS ATM SERVICES PRIVATE LIMITED+306%
Pay10PAY10 SERVICES PRIVATE LIMITED+203%₹268.57 cr
NpayNPAY TECHNOLOGIES PRIVATE LIMITED+182%₹14.62 cr
JunioFIRSTPAY TECHNOLOGIES PRIVATE LIMITED+170%₹18.31 cr
CastlerNcome Tech Solutions Private Limited+161%₹16.03 cr
VelozpayVELOZPAY SOLUTIONS PRIVATE LIMITED+157%₹21.64 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Pay10PAY10 SERVICES PRIVATE LIMITED48.7%₹268.57 cr
inditabINDITAB ESOLUTIONS PRIVATE LIMITED₹67.29 cr
SabPaisaSRS LIVE TECHNOLOGIES PRIVATE LIMITED5.7%₹27.18 cr
RNFI ServicesRNFI SERVICES LIMITED5.0%₹282.33 cr
JustClicknPayJUST CLICK KARO SERVICES PRIVATE LIMITED2.5%₹20.02 cr
NpayNPAY TECHNOLOGIES PRIVATE LIMITED2.0%₹14.62 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Payments42₹1,180.77 cr~₹2.6 cr57%12.8%
Leaders

Largest payments companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
MyMoneyMantraRAAJ KHOSLA AND CO PRIVATE LIMITED₹780.59 cr₹6.81 cr0.9%+30%
RNFI ServicesRNFI SERVICES LIMITED₹282.33 cr₹14.13 cr5.0%+84%
Pay10PAY10 SERVICES PRIVATE LIMITED₹268.57 cr₹130.73 cr48.7%+203%
VidcomVIDCOM BUSINESS SOLUTION PRIVATE LIMITED₹97.47 cr₹68.17 lakh0.7%+84%
PayultrafastREMIT INFOSYSTEMS PRIVATE LIMITED₹82.81 cr−₹0.15 lakh-0.0%-43%
inditabINDITAB ESOLUTIONS PRIVATE LIMITED₹67.29 cr+87%
Shakti E SolutionsSHAKTI E SOLUTIONS PRIVATE LIMITED₹63.12 cr₹1.31 lakh0.0%+116%
ElixirLIVQUIK TECHNOLOGY (INDIA) PRIVATE LIMITED₹55.87 cr−₹2.70 cr-4.8%+142%
Tri O TechTRI O TECH SOLUTIONS PRIVATE LIMITED-7.3%+86%
PTRONICSPTRONICS ATM SERVICES PRIVATE LIMITED-0.0%+306%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

AdTech Industry Landscape of Delhi

The financials above are one chapter. The full payments landscape of Delhi maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the payments landscape of Delhi
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Payments funding and M&A across India

903 recorded equity rounds have gone to 2,854 payments companies in India — how much, at which stage, into which sub-sectors, from whom, and how Delhi compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months17

US$150.28m

equity rounds, last 24 months60

US$640.20m

raised over five yearsUS$5.51bn

373 rounds in India

M&A deals, India75

last 24 months

Capital by year

Equity funding into payments in India

amount rounds
$600m201854
$1.4bn201973
$1.0bn202090
$2.9bn2021125
$930m202292
$825m202350
$245m202453
$479m202541
$128m202612

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$2.90bn across 125 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$24.49m48 rounds · median US$182k
SeedUS$310.62m184 rounds · median US$871k
Series AUS$531.68m48 rounds · median US$7.44m
Series BUS$371.75m31 rounds · median US$5.00m
Series CUS$460.67m17 rounds · median US$21.63m
Series D+US$3.79bn43 rounds · median US$22.26m
Where the money went · five years

Most-funded sub-sectors

PaymentsUS$4.90bn273 rounds · 124 companies
Banking techUS$241.06m29 rounds · 15 companies
HrtechUS$130.69m11 rounds · 4 companies
In store retail techUS$123.55m10 rounds · 2 companies
Digital remittanceUS$38.20m5 rounds · 3 companies
Finance & accounting techUS$25.16m7 rounds · 3 companies
Higher education techUS$18.27m4 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

68Acquisition
7Merger

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. BLS E-Services4
  3. Digispice technologies4
  4. Payu4
  5. Jio financial services4

Most acquired or merged

  1. One97 communications5
  2. Mobileware technologies4
  3. Na3
  4. MindGate Solutions3
  5. Dice2

Each deal appears in the events strip at the top of the page.

Payments funding in Delhi

13 payments companies in Delhi have recorded equity funding, US$43.65m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Delhi

Meet the people behind payments companies in Delhi. 66 of 173 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Delhi payments companies by sub-sector

The most common specialisations among payments companies in Delhi. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring payments in India and nearby markets.

Coming soon