When was PayNet founded?

PayNet was founded in 2014 and raised its 1st funding round 7 years after it was founded.

Where is PayNet located?

PayNet is headquartered in Mumbai, India. It is registered at UNIT NO.205, CHIRAG INFOTECH, 2ND FLOOR, ROAD NO.16Z, PLOT NO-A 296, THANE, Wagle I.E., Thane, Thane, Maharashtra, India, 400604.

Which legal entities is PayNet associated with?

PayNet is associated with CARNELIAN PAYMENT NETWORKS INDIA PRIVATE LIMITED.

How many employees does PayNet have?

As of Jul 01, 2024, the latest employee count at PayNet is 1 - 10.

Is PayNet a funded company?

PayNet is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jul 26, 2021.

How much is PayNet worth?

The latest valuation of PayNet is $***** as of Jul 26, 2021.

When was the latest funding round of PayNet?

PayNet's latest funding was a $***** Seed round on Jul 26, 2021, with participation from 1 investor.

What is the annual revenue of PayNet?

Annual revenue of PayNet is ₹1.03Cr as on Mar 31, 2022.

Where does PayNet rank among its competitors?

PayNet ranks 8th amongst 161 active competitors, of which 18 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Flash, which secured $6M in Jul, 2023.

Who are the top competitors of PayNet?

PayNet's top competitors include PayPay, Liquid Group and urpay. Among them, Flash secured the most recent funding round in July, 2023.

PayNet - 2026 Company Profile, Team, Funding, Competitors & Financials

PayNet is a seed company based in Mumbai (India), founded in 2014 by Sourabh Chatterjee and Anis Warsi. It operates as a Provider of payment gateway services, M-ATM, M-POS, soundbox, and QR solutions. PayNet has raised $26.9K in funding from , with a current valuation of $*****. The company has 161 active competitors, including 18 funded and 3 that have exited. Its top competitors include companies like PayPay, Liquid Group and urpay.

Company Details

Provider of payment gateway services, M-ATM, M-POS, soundbox, and QR solutions. The company provides payment solutions, including transaction audio confirmations. It offers tools such as APIs, plugins, and libraries for integration. The company supports payment methods, including cards, net banking, UPI, and mobile wallets.

Website: paynet.co.in
Social
Email ID: *****@paynet.co.in
Phone Number: +91 **********
Registered Address: UNIT NO.205, CHIRAG INFOTECH, 2ND FLOOR, ROAD NO.16Z, PLOT NO-A 296, THANE, Wagle I.E., Thane, Thane, Maharashtra, India, 400604

Key Metrics

Founded Year

2014

Location

Mumbai, India

Stage

Seed

Total Funding

$26.9K in 1 round

Latest Funding Round

Seed, Jul 26, 2021, $*****

Post Money Valuation

$***** as on Jul 26, 2021

Ranked

8^th among 161 active competitors

Annual Revenue

₹1.03Cr as on Mar 31, 2022

Employee Count

1 - 10 as on Jul 01, 2024

Similar Companies

BharatPe Money & 6 more

View PayNet's full profile

PayNet is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CARNELIAN PAYMENT NETWORKS INDIA PRIVATE LIMITED CIN: U65923MH2013PTC247081 , India, Active	Aug 16, 2013	$139K (As on Mar 31, 2022)	-

PayNet has raised a total funding of $26.9K over 1 round. Its latest funding round was a Seed round on Jul 26, 2021 for $*****. 1 investor participated in its latest round. PayNet has 2 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of PayNet:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 26, 2021	9633550	Seed	9840058	5345109	5106520	4757709

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View details of PayNet's funding rounds and investors

The founders of PayNet are Sourabh Chatterjee and Anis Warsi.

Here are the details of PayNet's key team members:

Sourabh Chatterjee: Co-Founder of PayNet. They are also an angel investor in 1 startup.
Anis Warsi: Co-Founder & CEO of PayNet.
Contact Info: 1 email address

View details of PayNet's Founder profiles and Board Members

PayNet's employee count trend

PayNet has 1 - 10 employees as of Jul 24. Here is PayNet's employee count trend over the years:

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Top competitors of PayNet include PayPay, Liquid Group and urpay. Here is the list of Top 10 competitors of PayNet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayPay 2018, Chiyoda City (Japan), Funding Raised	Provider of a platform for cashless payments via QR codes	-	SoftBank Group	58/100
2nd	Liquid Group 2015, Singapore (Singapore), Seed	Cross-border payment solution for individuals and businesses	-	Supply Chain Angels & 17 others	58/100
3rd	urpay 2021, Riyadh (Saudi Arabia), Unfunded	Provider of digital wallet services for payments and money transfers	-	-	56/100
4th	Atoa 2022, London (United Kingdom), Seed	QR code solution for businesses	$17.2M	Valar Ventures, Leo Capital & 3 others	55/100
5th	tomato pay 2014, London (United Kingdom), Seed	QR-code-based payment for businesses and sole traders	$3.27M	DBS Bank, Deloitte & 28 others	50/100
6th	BharatPe Money 2023, Gurugram (India), Unfunded	Provider of financial solutions and credit lines to merchants and consumers	-	-	46/100
7th	Omnyway 2016, San Mateo (United States), Series A	Provider of payment solution for businesses	$28.5M	Nyca Partners, GSV Labs & 3 others	46/100
8th	PayNet 2014, Mumbai (India), Seed	Provider of payment gateway services, M-ATM, M-POS, soundbox, and QR solutions	$26.9K	Greysoft & 2 others	43/100
9th	O-plati.by 2019, Minsk (Belarus), Unfunded	QR code based payments	-	-	43/100
10th	Flash 2021, Maadi (Egypt), Seed	QR-code enabled payment solution for businesses	$6M	Addition, Globivest & 1 others	43/100

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Looking for more details on PayNet's competitors? Click here to see the top ones

Founders (largest shareholder) own 87.67%, Enterprises own 2.59% and Other People own 9.74%. The net worth of PayNet's founders is INR 6.77Cr as of Jul 26, 2021.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	87.67%	6.77Cr	6329160	4598906	1086784	1638823
Anis Warsi	5248381	8947760	2846507	4730885	7761796	3812958
Enterprise	2.59%	20L	26	24	68	49
Other People	9.74%	75.2L	2443685	2474345	3424181	8823095
Total	100.00%	7.72Cr	2838013	4832758	8218547	3901693