Company lists
The Gurugram edition · 2026

Paymentscompanies in Gurugram

Online payments, bill payments, business payments, cards, banking & lending tech and more: the companies building payments in Gurugram, Haryana, with their founders, funding, team size and business models.

84 company profiles38 with reported revenue21 with recorded fundingOctober 2026 edition
Gurugram · Photo: Wikimedia Commons (CC BY-SA 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 · 40 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 Gurugram, by revenue

Browse payments companies in Gurugram by reported revenue, one-year revenue growth, revenue model, age and stage. The 38 companies below are the largest by their most recent reported revenue among 38 payments companies in Gurugram, Haryana 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 38

Provider of digital payment processing services for online business transactions

Payments
₹5,596.51 crFY 2024-25
+22%2024–2025
1,675-45% vs previous recordrecorded
15 yr2011
6postings · last posted Sep 2026

Provider of payment solutions, lending, and investment opportunities for businesses

Payments
₹1,733.60 crFY 2024-25
+17%2024–2025
4,156-14% 12 mo to Sep 2024LinkedIn · Oct 2026
8 yr2018
1postings · last posted Aug 2026

Provider of digital payment services for mobile and utility bills

Payments
₹1,192.49 crFY 2024-25
+34%2024–2025
1,625+30% 12 mo to Feb 2024LinkedIn · Oct 2026
17 yr2009
4postings · last posted Sep 2026

Online financial marketplace that offers a range of personal loan and credit card options to consumers

Alternative lending
₹628.58 crFY 2024-25
+1%2024–2025
4,099+0% 12 mo to Sep 2024LinkedIn · Oct 2026
12 yr2014
14postings · last posted Sep 2026

Developer of financial inclusion and digital finance and banking solutions to under-served communities

Payments
₹339.70 crFY 2024-25
+49%2024–2025
632+14% 12 mo to Sep 2024LinkedIn · Oct 2026
14 yr2012
0none in 3 months

In-App payments gateway

Payments
₹297.26 crFY 2024-25
+74%2024–2025
32-50% 12 mo to Aug 2023LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of digital payment solutions for businesses

Payments
₹194.43 crFY 2024-25
+95%2024–2025
18LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted May 2024

Provider of digital banking and fintech solutions for underserved areas

Payments
₹189.92 crFY 2024-25
Not reported
64+88% 12 mo to Jul 2024recorded Jul 2024
7 yr2019
0none in 3 months · last posted Apr 2026

Online platform offering rewards on multi-category products

Coupons and deals
₹81.42 crFY 2024-25
-11%2024–2025
67-60% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of a cloud-native platform for next-generation financial products

Banking tech
₹79.96 crFY 2024-25
-15%2024–2025
28+54% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

App-based platform for bill payments

Payments
₹63.52 crFY 2024-25
+19%2024–2025
8LinkedIn · Oct 2026
20 yr2006
1postings · last posted Sep 2026

Provider of anti-money laundering, fraud, and financial crime compliance software

Payments
₹52.27 crFY 2024-25
+10%2024–2025
544-40% vs previous recordLinkedIn · Oct 2026
8 yr2018
2postings · last posted Sep 2026

Online payment gateway solutions for businesses to accept payments

Payments
₹36.38 crFY 2021-22
+6288%2021–2022
38recorded Jun 2023
6 yr2020
0none in 3 months

Platform offering POS software for business

In store retail tech
₹41.06 crFY 2024-25
+61%2024–2025
910-18% 12 mo to Sep 2022LinkedIn · Oct 2026
22 yr2004
0none in 3 months

Provider of financial service APIs and white-label portal solutions

Banking tech
₹34.42 crFY 2024-25
-22%2024–2025
231-63% 12 mo to Jul 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

White label mPoS solutions provider

Payments
₹30.11 crFY 2024-25
+6%2024–2025
188-12% 12 mo to Aug 2024LinkedIn · Jul 2026
29 yr1997
1postings · last posted Sep 2026

Online platform for discounts and cashback

Payments
₹13.80 crFY 2022-23
Not reported
36recorded
11 yr2015
0none in 3 months

Provider of API infrastructure for banking, payments, lending, and reconciliation

Payments
₹12.77 crFY 2023-24
-77%2023–2024
22-8% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Online payment gateway platform offering payment management solutions

Payments
₹10.91 crFY 2024-25
+1%2024–2025
3-33% 12 mo to Aug 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Online platform to apply for credit card and consumer loans

Payments
₹7.14 crFY 2024-25
-18%2024–2025
5+55% 12 mo to Nov 2023LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Agent-enabled payment solutions for businesses

Payments
₹3.94 crFY 2022-23
Not reported
—Not available
5 yr2021
0none in 3 months

Mobile based POS solution

Payments
₹3.63 crFY 2024-25
-57%2024–2025
10-10% 12 mo to Mar 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of AI-powered fraud prevention and risk management solutions for financial institutions

Banking tech
₹3.06 crFY 2024-25
Not reported
25LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted May 2026

Fintech platform providing financial products including credit cards and salary advances

Hrtech
₹2.34 crFY 2024-25
+152%2024–2025
88LinkedIn · Jul 2026
3 yr2023
1postings · last posted Sep 2026

Multi account payments card for consumers

Payments
₹2.11 crFY 2024-25
-61%2024–2025
28LinkedIn · Jul 2026
7 yr2019
0none in 3 months
38 of 84 companies shown here · the full list is on Radar
Fliar Radar

Explore all 84 payments companies in Gurugram on Radar

This page shows the top 38. Radar has the complete, filterable list with contacts and live company signals.

Open payments in Gurugram on Radar
  • Every company, not just 50All 84 payments companies in Gurugram, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore payments companies in Gurugram by what you are looking for

Browse top payments companies in Gurugram, from online payment gateways and wallets to bill payment and card providers. You can also find payments startups in Gurugram and fintech firms working on lending, banking APIs and fraud prevention.

9 ways to explore payments in Gurugram

Online payment gateways & digital payment appsBill payment & utility payment servicesBusiness payments & payouts solutionsCredit, prepaid & payment card companiesBanking APIs, lending & investment platformsFraud detection, AML & compliance technology

Online payment gateways & digital payment apps

Payment gateways, wallets and apps for online and digital payments.

  1. PayU

    Provider of digital payment processing services for online business transactions

    Payments
    See in list
  2. BharatPe

    Provider of payment solutions, lending, and investment opportunities for businesses

    Payments
    See in list
  3. MobiKwik

    Provider of digital payment services for mobile and utility bills

    Payments
    See in list
  4. Paisabazaar

    Online financial marketplace that offers a range of personal loan and credit card options to consumers

    Alternative lending
    See in list
  5. ZaakPay

    In-App payments gateway

    Payments
    See in list

Bill payment & utility payment services

Platforms for paying utility bills and recharges through agents and apps.

  1. MobiKwik

    Provider of digital payment services for mobile and utility bills

    Payments
    See in list
  2. Finkeda

    Provider of digital banking and fintech solutions for underserved areas

    Payments
    See in list
  3. AutoPe Payment Solutions

    App-based platform for bill payments

    Payments
    See in list
  4. SahiPay

    Payment acceptance solutions

    Payments
    Website
  5. TalkCharge

    Online platform for discounts and cashback

    Payments
    See in list

Business payments & payouts solutions

Payment solutions for businesses: invoices, payouts, escrow and POS.

  1. PayU

    Provider of digital payment processing services for online business transactions

    Payments
    See in list
  2. BharatPe

    Provider of payment solutions, lending, and investment opportunities for businesses

    Payments
    See in list
  3. ZaakPay

    In-App payments gateway

    Payments
    See in list
  4. Banknyou

    Provider of digital payment solutions for businesses

    Payments
    See in list
  5. Finkeda

    Provider of digital banking and fintech solutions for underserved areas

    Payments
    See in list

Credit, prepaid & payment card companies

Credit card, prepaid card and corporate card providers.

  1. Paisabazaar

    Online financial marketplace that offers a range of personal loan and credit card options to consumers

    Alternative lending
    See in list
  2. CreditKaro

    Online platform to apply for credit card and consumer loans

    Payments
    See in list
  3. SalarySe

    Fintech platform providing financial products including credit cards and salary advances

    Hrtech
    See in list
  4. Kashware

    Multi account payments card for consumers

    Payments
    See in list
  5. AMI Merchants

    Provider of merchant credit card processing services for small businesses

    Payments
    See in list

Banking APIs, lending & investment platforms

Banking API providers, online lenders and loan marketplaces.

  1. BharatPe

    Provider of payment solutions, lending, and investment opportunities for businesses

    Payments
    See in list
  2. MobiKwik

    Provider of digital payment services for mobile and utility bills

    Payments
    See in list
  3. Paisabazaar

    Online financial marketplace that offers a range of personal loan and credit card options to consumers

    Alternative lending
    See in list
  4. Roinet Solution

    Developer of financial inclusion and digital finance and banking solutions to under-served communities

    Payments
    See in list
  5. Falcon

    Provider of a cloud-native platform for next-generation financial products

    Banking tech
    See in list

Fraud detection, AML & compliance technology

Fraud prevention, anti-money laundering and regulatory compliance tools.

  1. ZIGRAM

    Provider of anti-money laundering, fraud, and financial crime compliance software

    Payments
    See in list
  2. Sign3

    Provider of AI-powered fraud prevention and risk management solutions for financial institutions

    Banking tech
    See in list
  3. Decentro

    Provider of API platform offering banking integration solutions for fintech companies

    Banking tech
    See in list

Education fee & vertical payment platforms

Fee collection and payment platforms for schools and colleges.

  1. Edviron

    Provider of AI-driven platform simplifying payment processes for educational institutions

    K-12 edtech
    See in list
  2. AutoPe Payment Solutions

    App-based platform for bill payments

    Payments
    See in list
  3. TalkCharge

    Online platform for discounts and cashback

    Payments
    See in list
  4. Finreliable

    Online utility bill payment platform for individuals

    Payments
    See in list
  5. Toshanibank.in

    App-based platform for recharge, bill payments, and money transfer solution

    Payments
    Website

Payments startups in Gurugram

Recently founded payments companies in Gurugram.

  1. Sambhav Pay

    Agent-enabled payment solutions for businesses

    Payments
    See in list
  2. Sign3

    Provider of AI-powered fraud prevention and risk management solutions for financial institutions

    Banking tech
    See in list
  3. SalarySe

    Fintech platform providing financial products including credit cards and salary advances

    Hrtech
    See in list
  4. Finreliable

    Online utility bill payment platform for individuals

    Payments
    See in list
  5. SaveSage

    Platform that offers strategies for saving money along with credit card rewards and loyalty programs

    Payments
    See in list
29 companies in Gurugram

Payments companies hiring in Gurugram

Payments companies in Gurugram with open roles.

  1. PayU

    Provider of digital payment processing services for online business transactions

    Payments
    See in list
  2. BharatPe

    Provider of payment solutions, lending, and investment opportunities for businesses

    Payments
    See in list
  3. MobiKwik

    Provider of digital payment services for mobile and utility bills

    Payments
    See in list
  4. Paisabazaar

    Online financial marketplace that offers a range of personal loan and credit card options to consumers

    Alternative lending
    See in list
  5. Banknyou

    Provider of digital payment solutions for businesses

    Payments
    See in list
17 companies in Gurugram
Mobile reach

Top 10 payments apps from Gurugram

The most-installed Android apps published by payments companies headquartered in Gurugram — 116.2M installs between them. 24 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

BharatPe for Business

by BharatPe

Installs42.4M
Rating4.25970K ratings
Installs, year on year+24%
Last updatedMay 2026
View on Google Play ↗
BharatPe for Business screenshot 1BharatPe for Business screenshot 2BharatPe for Business screenshot 3BharatPe for Business screenshot 4
2

Paisabazaar: Credit Score App

by Paisabazaar

Installs33.9M
Rating4.561.6M ratings
Installs, year on year+25%
Last updatedMay 2026
View on Google Play ↗
Paisabazaar: Credit Score App screenshot 1Paisabazaar: Credit Score App screenshot 2Paisabazaar: Credit Score App screenshot 3Paisabazaar: Credit Score App screenshot 4Paisabazaar: Credit Score App screenshot 5Paisabazaar: Credit Score App screenshot 6
3

BharatPe UPI Payment, Loan App

by Postpe

Installs17.8M
Rating3.77251K ratings
Installs, year on year+69%
Last updatedJun 2026
View on Google Play ↗
BharatPe UPI Payment, Loan App screenshot 1BharatPe UPI Payment, Loan App screenshot 2BharatPe UPI Payment, Loan App screenshot 3BharatPe UPI Payment, Loan App screenshot 4BharatPe UPI Payment, Loan App screenshot 5BharatPe UPI Payment, Loan App screenshot 6
5

MobiKwik for Business

by MobiKwik

Installs2.5M
Rating2.687K ratings
Last updatedMar 2026
View on Google Play ↗
MobiKwik for Business screenshot 1MobiKwik for Business screenshot 2MobiKwik for Business screenshot 3MobiKwik for Business screenshot 4MobiKwik for Business screenshot 5MobiKwik for Business screenshot 6
6

PayU Payments for Businesses

by PayU

Installs1.7M
Rating5.06K ratings
Installs, year on year+15%
Last updatedMay 2025
View on Google Play ↗
PayU Payments for Businesses screenshot 1PayU Payments for Businesses screenshot 2PayU Payments for Businesses screenshot 3PayU Payments for Businesses screenshot 4PayU Payments for Businesses screenshot 5
7

Eko Connect - Payments and ATM

by Eko

Installs992K
Rating—
Installs, year on year+7%
Last updatedNov 2024
View on Google Play ↗
Eko Connect - Payments and ATM screenshot 1Eko Connect - Payments and ATM screenshot 2Eko Connect - Payments and ATM screenshot 3Eko Connect - Payments and ATM screenshot 4Eko Connect - Payments and ATM screenshot 5Eko Connect - Payments and ATM screenshot 6
9

SaveSage® : Credit Card Points

by SaveSage

Installs672K
Rating2.469K ratings
Installs, year on year+500%
Last updatedMay 2026
View on Google Play ↗
SaveSage® : Credit Card Points screenshot 1SaveSage® : Credit Card Points screenshot 2SaveSage® : Credit Card Points screenshot 3SaveSage® : Credit Card Points screenshot 4SaveSage® : Credit Card Points screenshot 5SaveSage® : Credit Card Points screenshot 6
10

PiePay: Avail Card Offers

by Piepay

Installs641K
Rating—
Installs, year on year+64%
Last updatedMay 2026
View on Google Play ↗
PiePay: Avail Card Offers screenshot 1PiePay: Avail Card Offers screenshot 2PiePay: Avail Card Offers screenshot 3PiePay: Avail Card Offers screenshot 4PiePay: Avail Card Offers screenshot 5PiePay: Avail Card Offers screenshot 6
The business behind the activity

Payments financials in Gurugram

Revenue, profit and growth from the filed annual accounts of 33 payments companies in Gurugram, Haryana for FY24-25 — 39 of the 84 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 87% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹8,415.15 cr

33 companies filing accounts

combined net profit−₹3,874.25 cr

-46.0% aggregate margin

are profitable39%

13 of 33 companies

median revenue~₹10.9 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five87%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,917.77 crFY19-2023 filers
₹3,260.04 crFY20-2127 filers
₹5,147.24 crFY21-2228 filers
₹6,286.43 crFY22-2329 filers
₹6,787.87 crFY23-2431 filers
₹8,415.15 crFY24-2533 filers

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

Like-for-like

The same 25 companies over three years

+35%
FY22-23₹6,214.21 cr−₹1,067.89 cr net
FY23-24₹6,773.82 cr−₹903.09 cr net
FY24-25₹8,411.22 cr−₹3,853.42 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 cr1030% profitable
₹1–10 cr617% profitable
₹10–100 cr967% profitable
₹100–1,000 cr560% profitable
Over ₹1,000 cr30% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking11
0–20%9
20–50%3
50–100%3
Doubled+4

30 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

13profitable
20loss-making
-46.0%aggregate margin
-6.3%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
FinkedaIkeda Limited+277%₹189.92 cr
BanknyouVALTIQUE FINTECH PRIVATE LIMITED+95%₹194.43 cr
ZaakPayZAAK EPAYMENT SERVICES PRIVATE LIMITED+74%₹297.26 cr
DecentroDecentro Tech Private Limited
Roinet SolutionROI NET SOLUTION PRIVATE LIMITED+48%₹339.49 cr
BharatPeRESILIENT INNOVATIONS PRIVATE LIMITED+37%₹1,166.55 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
AutoPe Payment SolutionsAUTOPE PAYMENT SOLUTIONS LIMITED21.4%₹63.52 cr
ZillionLOYALTY SOLUTIONS & RESEARCH PRIVATE LIMITED15.2%₹81.42 cr
BanknyouVALTIQUE FINTECH PRIVATE LIMITED11.1%₹194.43 cr
FinkedaIkeda Limited7.2%₹189.92 cr
Estel TechnologiesESTEL TECHNOLOGIES PRIVATE LIMITED6.1%₹30.11 cr
Roinet SolutionROI NET SOLUTION PRIVATE LIMITED2.8%₹339.49 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Payments23₹7,527.14 cr~₹7.1 cr48%-49.1%
Leaders

Largest payments companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
PayUPAYU PAYMENTS PRIVATE LIMITED₹3,971.91 cr−₹3,567.80 cr-89.8%+16%
MobiKwikONE MOBIKWIK SYSTEMS LIMITED₹1,194.38 cr−₹122.37 cr-10.2%+35%
BharatPeRESILIENT INNOVATIONS PRIVATE LIMITED₹1,166.55 cr−₹58.22 cr-5.0%+37%
PaisabazaarPAISABAZAAR MARKETING AND CONSULTING PRIVATE LIMITED₹628.58 cr−₹90.35 cr-14.4%+1%
Roinet SolutionROI NET SOLUTION PRIVATE LIMITED₹339.49 cr₹9.45 cr2.8%+48%
ZaakPayZAAK EPAYMENT SERVICES PRIVATE LIMITED₹297.26 cr−₹34.10 lakh-0.1%+74%
BanknyouVALTIQUE FINTECH PRIVATE LIMITED₹194.43 cr₹21.64 cr11.1%+95%
FinkedaIkeda Limited₹189.92 cr₹13.77 cr7.2%+277%
ZillionLOYALTY SOLUTIONS & RESEARCH PRIVATE LIMITED₹81.42 cr₹12.34 cr15.2%-11%
FalconIndia Innovation Incorporation Private Limited₹79.96 cr−₹8.37 cr-10.5%-15%
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 Gurugram

The financials above are one chapter. The full payments landscape of Gurugram 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 Gurugram
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 Gurugram 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 Gurugram

21 payments companies in Gurugram have recorded equity funding, US$990.74m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gurugram

Meet the people behind payments companies in Gurugram. 60 of 84 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gurugram payments companies by sub-sector

The most common specialisations among payments companies in Gurugram. 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