Company lists
The Rajasthan edition · 2026

Paymentscompanies in Rajasthan

Online payments, bill payments & recharge, business payments, wallets & cards, healthcare, parking & education and more: the companies building payments in Rajasthan, with their founders, funding, team size and business models.

84 company profiles16 with reported revenue1 with recorded fundingNovember 2026 edition
Rajasthan · 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: 73 M&A deals · 60 Contracts · 54 funding rounds · 38 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 Rajasthan, by funding and team

Few payments companies in Rajasthan publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 50 companies below lead on recorded funding and team size among 84 active companies.

Showing 25 of 50

Provider of payment gateway solutions, online stores, and business management

Payments
US$4.56mAngel · Jul 2024
336+69% 12 mo to Sep 2024LinkedIn · Oct 2026
Commission on transaction / Subscription
10 yr2016
0none in 3 months

Online payments and recharging platform for individuals

Payments
—None recorded
48+4% 12 mo to Dec 2023recorded Dec 2023
Commission on transaction / E-commerce - service
8 yr2018
0none in 3 months

Wallet-enabled digital online payment platform

Payments
—None recorded
198-26% 12 mo to Sep 2024LinkedIn · Oct 2026
E-commerce - product / Physical commerce
16 yr2010
0none in 3 months · last posted Aug 2026

Agent-based payment solutions for merchants

Payments
—None recorded
15+36% 12 mo to Sep 2024recorded Sep 2024
Commission on transaction / E-commerce - service
6 yr2020
0none in 3 months

App & cloud-based invoicing and collection solutions for businesses

Finance & accounting tech
—None recorded
7LinkedIn · Jul 2026
Subscription
9 yr2017
0none in 3 months

Payment kiosks for various type of bill payments

Payments
—None recorded
—Not available
Commission on transaction / Subscription
11 yr2015
0none in 3 months

Provider of a digital payment solution for healthcare providers

Healthcare it
—None recorded
63LinkedIn · Jul 2026
Commission on transaction / Subscription
22 yr2004
0none in 3 months

Provider a Recharge Portal

Payments
—None recorded
5LinkedIn · Jul 2026
Commission on transaction / E-commerce - service
7 yr2019
—No postings tracked

Provider of digital and financial services through a network of retailers

Payments
—None recorded
—Not available
Commission on transaction / Fee-for-service
2 yr2024
0none in 3 months

Omni-channel payment platform providing secure and seamless payment solutions for various industries

Payments
—None recorded
3LinkedIn · Jul 2026
Commission on transaction / E-commerce - service
3 yr2023
0none in 3 months

Online platform for Mobile/DTH/Datacard recharge

Payments
—None recorded
—Not available
Commission on transaction / E-commerce - service
2 yr2024
—No postings tracked

Bill payment platform for individuals

Payments
—None recorded
—Not available
Commission on transaction / E-commerce - service
5 yr2021
0none in 3 months · last posted Jul 2026

Online mobile recharge and bill payment platform for individuals and businesses

Payments
—None recorded
—Not available
Commission on transaction / E-commerce - service
10 yr2016
0none in 3 months

Payment service provider

Payments
—None recorded
—Not available
Commission on transaction / E-commerce - service
9 yr2017
—No postings tracked

Provider of voucher-based payment solutions

Payments
—None recorded
11LinkedIn · Jul 2026
Commission on transaction / E-commerce - service
19 yr2007
0none in 3 months

Provider of a secure online transaction platform using escrow services

Payments
—None recorded
1LinkedIn · Jul 2026
Commission on transaction / Subscription
1 yr2025
—No postings tracked

App-based platform for mobile recharge, electricity bill, and landline bill payments

Payments
—None recorded
4LinkedIn · Jul 2026
Commission on transaction / Subscription
5 yr2021
0none in 3 months

Provider of BBPS and bill payment services

Payments
—None recorded
7LinkedIn · Jul 2026
Commission on transaction / E-commerce - service
4 yr2022
0none in 3 months

Agent-based payment solutions

Payments
—None recorded
1LinkedIn · Jul 2026
Commission on transaction / Subscription
10 yr2016
0none in 3 months

Agent based payment solutions for businesses

Payments
—None recorded
—Not available
Commission on transaction / Subscription
9 yr2017
0none in 3 months

Agent-based payment solutions to consumers and businesses

Payments
—None recorded
—Not available
E-commerce - product / E-commerce - service
14 yr2012
0none in 3 months

App-based platform for money transfer and consumer bill payments

Payments
—None recorded
—Not available
Commission on transaction / Subscription
6 yr2020
0none in 3 months

Agent-based payment solutions for businesses

Payments
—None recorded
—Not available
Commission on transaction / E-commerce - service
5 yr2021
0none in 3 months

Agent based payment solutions for businesses

Payments
—None recorded
—Not available
Fee-for-service
5 yr2021
0none in 3 months

Agent-based payment solutions for businesses

Payments
—None recorded
—Not available
Commission on transaction / Fee-for-service
10 yr2016
0none in 3 months
50 of 84 companies shown here · the full list is on Radar
Fliar Radar

Explore all 84 payments companies in Rajasthan on Radar

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

Open payments in Rajasthan on Radar
  • Every company, not just 50All 84 payments companies in Rajasthan, 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.
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Explore payments companies in Rajasthan by what you are looking for

Browse top payments companies in Rajasthan, from online payment gateways to bill payment and recharge platforms. Find digital payments companies and payments startups in Rajasthan that match your business.

7 ways to explore payments in Rajasthan

Online payment gateways & digital paymentsBill payment & mobile recharge platformsBusiness payments, invoicing & collectionsDigital wallets & prepaid cardsPayments for healthcare, parking & educationPayments startups in Rajasthan

Online payment gateways & digital payments

Companies offering payment gateways, online payments and open banking APIs for businesses and consumers.

  1. My Recharge

    Wallet-enabled digital online payment platform

    Payments
    See in list
  2. A2Z Suvidhaa

    Fintech company that provides financial and travel services to agents and merchants across the globe

    Payments
    See in list
  3. GetePay

    Provider of payment gateway solutions, online stores, and business management

    Payments
    See in list
  4. Happy 2 Help U

    Payment kiosks for various type of bill payments

    Payments
    See in list
  5. Pinwallet

    Provider of a open API platform for digital payment services

    Payments
    See in list

Bill payment & mobile recharge platforms

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

  1. My Recharge

    Wallet-enabled digital online payment platform

    Payments
    See in list
  2. PaymentInk

    Online platform for Mobile/DTH/Datacard recharge

    Payments
    See in list
  3. Pathway Recharge

    Payment service provider

    Payments
    See in list
  4. Jeevan Pay

    App-based platform for mobile recharge, electricity bill, and landline bill payments

    Payments
    See in list
  5. ezytm technologies

    EzyTmTechnologies is a Mobile Recharge Software Company Specialized in, Robotics Recharge API, Multi Recharge Software.

    Payments
    See in list
40 companies in Rajasthan

Business payments, invoicing & collections

Solutions for business payments, invoicing, receivables and mass payouts.

  1. Bix42

    App & cloud-based invoicing and collection solutions for businesses

    Finance & accounting tech
    See in list
  2. PayShri

    Provider of a secure online transaction platform using escrow services

    Payments
    See in list
  3. ezytm technologies

    EzyTmTechnologies is a Mobile Recharge Software Company Specialized in, Robotics Recharge API, Multi Recharge Software.

    Payments
    See in list
  4. getepay

    GetePay develops and creates digital apps and online platform to assist merchants with managing customers.

    Payments
    See in list
  5. Pay School Fee

    Online school fee collection portal

    K-12 edtech
    Website

Digital wallets & prepaid cards

Companies issuing mobile wallets, prepaid cards and payment vouchers.

  1. IWT

    Provider of voucher-based payment solutions

    Payments
    See in list
  2. talk it all

    Talk it All is a Fintech IOT product of On Demand Biz. TalkItAll sound box announces & display instant payment transactions for UPI QR codes

    Payments
    See in list
  3. Hype

    Provider of debit card solutions for getting cashbacks

    Payments
    See in list
  4. edge money services pvt. ltd.

    Edge money is best b2b service provider in India. We offer b2b service for mobile recharge, AEPS, BBPS, pan card, money transfer & travel.

    Payments
    Website
  5. Eezib

    Provider of pre-paid gift cards

    Payments
    Website
8 companies in Rajasthan

Payments for healthcare, parking & education

Specialised payment solutions for patients, parking, school fees and transport.

  1. Salucro

    Provider of a digital payment solution for healthcare providers

    Healthcare it
    See in list
  2. VehiclePe

    Online parking payment management solutions

    Road transport tech
    Website
  3. Pay School Fee

    Online school fee collection portal

    K-12 edtech
    Website
  4. My Recharge

    Wallet-enabled digital online payment platform

    Payments
    See in list
  5. Happy 2 Help U

    Payment kiosks for various type of bill payments

    Payments
    See in list

Payments startups in Rajasthan

Newer payments companies in Rajasthan founded in the last few years.

  1. Pinwallet

    Provider of a open API platform for digital payment services

    Payments
    See in list
  2. SDDS

    Provider of micro payment services, web design, and software development

    Payments
    See in list
  3. Traas World

    Agent-based payment solutions for businesses

    Payments
    See in list
  4. Finsova

    Online bill payment solutions for businesses

    Payments
    See in list
  5. Lsp Mitra

    Agent based payment solutions for businesses

    Payments
    See in list
33 companies in Rajasthan

Payments companies hiring in Rajasthan

Payments companies in Rajasthan that are currently hiring.

  1. My Recharge

    Wallet-enabled digital online payment platform

    Payments
    See in list
  2. EG Payment

    Bill payment platform for individuals

    Payments
    See in list
  3. UsetoPay

    Agent-based payment processing solution for businesses

    Payments
    See in list
3 companies in Rajasthan
Mobile reach

Top 10 payments apps from Rajasthan

The most-installed Android apps published by payments companies headquartered in Rajasthan — 6.3M installs between them. 18 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

EG Payment - Recharge Cashback

by EG Payment

Installs3.7M
Rating4.5314K ratings
Installs, year on year+50%
Last updatedApr 2026
View on Google Play ↗
EG Payment - Recharge Cashback screenshot 1EG Payment - Recharge Cashback screenshot 2EG Payment - Recharge Cashback screenshot 3EG Payment - Recharge Cashback screenshot 4EG Payment - Recharge Cashback screenshot 5EG Payment - Recharge Cashback screenshot 6
2

My Recharge With Live Supports

by My Recharge

Installs1.8M
Rating3.6715K ratings
Last updatedOct 2018
View on Google Play ↗
My Recharge With Live Supports screenshot 1My Recharge With Live Supports screenshot 2My Recharge With Live Supports screenshot 3My Recharge With Live Supports screenshot 4My Recharge With Live Supports screenshot 5My Recharge With Live Supports screenshot 6
4

Cable Internet ISP Billing App

by Bix42

Installs119K
Rating—
Last updatedMay 2026
View on Google Play ↗
Cable Internet ISP Billing App screenshot 1Cable Internet ISP Billing App screenshot 2Cable Internet ISP Billing App screenshot 3Cable Internet ISP Billing App screenshot 4Cable Internet ISP Billing App screenshot 5Cable Internet ISP Billing App screenshot 6
7

TharPay - AEPS, BBPS & DMT

by Tharpay

Installs20K
Rating—
Last updatedJan 2026
View on Google Play ↗
TharPay - AEPS, BBPS & DMT screenshot 1TharPay - AEPS, BBPS & DMT screenshot 2TharPay - AEPS, BBPS & DMT screenshot 3TharPay - AEPS, BBPS & DMT screenshot 4TharPay - AEPS, BBPS & DMT screenshot 5TharPay - AEPS, BBPS & DMT screenshot 6
8

Kitzone Neo Bank MATM POS AEPS

by Kitzone

Installs16K
Rating—
Last updatedOct 2025
View on Google Play ↗
Kitzone Neo Bank MATM POS AEPS screenshot 1Kitzone Neo Bank MATM POS AEPS screenshot 2Kitzone Neo Bank MATM POS AEPS screenshot 3Kitzone Neo Bank MATM POS AEPS screenshot 4Kitzone Neo Bank MATM POS AEPS screenshot 5
10

Mobile Recharge App

by Ezytm

Installs3K
Rating—
Last updatedMay 2026
View on Google Play ↗
Mobile Recharge App screenshot 1Mobile Recharge App screenshot 2Mobile Recharge App screenshot 3Mobile Recharge App screenshot 4Mobile Recharge App screenshot 5Mobile Recharge App screenshot 6
The business behind the activity

Payments financials in Rajasthan

Revenue, profit and growth from the filed annual accounts of 14 payments companies in Rajasthan for FY24-25 — 18 of the 84 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 98% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹68.54 cr

14 companies filing accounts

combined net profit−₹24.95 lakh

-0.4% aggregate margin

are profitable43%

6 of 14 companies

median revenue~₹22 lakh

the typical company

median revenue growth-12%

into FY24-25

earned by the top five98%

revenue concentration

Six-year view

Combined revenue of filing companies

₹334.77 crFY19-205 filers
₹227.72 crFY20-216 filers
₹194.17 crFY21-228 filers
₹130.83 crFY22-2313 filers
₹135.55 crFY23-2415 filers
₹68.54 crFY24-2514 filers

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

Like-for-like

The same 10 companies over three years

+661%
FY22-23₹8.96 cr−₹5.26 cr net
FY23-24₹18.58 cr₹69.86 lakh net
FY24-25₹68.24 cr−₹9.41 lakh 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 cr1127% profitable
₹1–10 cr1100% profitable
₹10–100 cr2100% profitable
₹100–1,000 cr0—
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

Shrinking6
0–20%1
20–50%0
50–100%0
Doubled+4

11 companies with accounts for both years; median growth -12%.

Profitability

Profit is concentrated at the top

6profitable
8loss-making
-0.4%aggregate margin
-3.1%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
ChillarPayCHILLARPAY BUSINESS SOLUTIONS PRIVATE LIMITED+189%₹11.94 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ChillarPayCHILLARPAY BUSINESS SOLUTIONS PRIVATE LIMITED0.0%₹11.94 cr
EzytmEZYTM TECHNOLOGIES PRIVATE LIMITED0.0%₹47.25 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Payments14₹68.54 cr~₹22 lakh43%-0.4%
Leaders

Largest payments companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
EzytmEZYTM TECHNOLOGIES PRIVATE LIMITED₹47.25 cr₹0.47 lakh0.0%>10×
ChillarPayCHILLARPAY BUSINESS SOLUTIONS PRIVATE LIMITED₹11.94 cr₹0.56 lakh0.0%+189%
Happy 2 Help UHAPPY 2 HELP U TECHNOLOGY PRIVATE LIMITED₹5.90 cr₹4.71 lakh0.8%-21%
PinwalletPINWALLET PAYMENTS PRIVATE LIMITED
TharpayTHAR BUSINESS SOLUTIONS PRIVATE LIMITED
PaydeerPAYDEER SERVICES PRIVATE LIMITED₹57.58 lakh₹4.53 lakh7.9%-64%
SDDSSHRI DARIYAV DOORSTEP SERVICES PRIVATE LIMITED
EdharaEDHARA PAYMENT SOLUTION PRIVATE LIMITED₹18.18 lakh₹0.19 lakh1.0%-30%
Traas WorldTRAAS-FINTECH PRIVATE LIMITED₹16.29 lakh−₹0.63 lakh-3.8%-12%
NeelpeNEELPE TECHNOLOGY PRIVATE LIMITED₹13.69 lakh−₹0.85 lakh-6.2%
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.

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 Rajasthan compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months15

US$144.38m

equity rounds, last 24 months55

US$609.17m

raised over five yearsUS$5.51bn

373 rounds in India

M&A deals, India73

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

66Acquisition
7Merger

Most active acquirers

  1. Zaggle Prepaid Ocean Services21
  2. BLS E-Services4
  3. Digispice technologies4
  4. Payu4
  5. Jio financial services4

Most acquired or merged

  1. One97 communications5
  2. Na3
  3. MindGate Solutions3
  4. Mobileware technologies3
  5. Dice2

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

Founders and momentum in Rajasthan

Meet the people behind payments companies in Rajasthan. 18 of 84 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring payments in India and nearby markets.

Coming soon