When was Trupay founded?

Trupay was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Trupay located?

Trupay is headquartered in Gurugram, India. It is registered at D - 87, FIRST FLOOR, SOUTH CITY - II, Gurgaon, GURGAON, Haryana, India, 122001.

Which legal entities is Trupay associated with?

Trupay is associated with PROTINUS INFOTECH PRIVATE LIMITED.

How many employees does Trupay have?

As of Aug 31, 2026, the latest employee count at Trupay is 3.

Is Trupay a funded company?

Trupay is a funded company, having raised a total of $1.05M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 30, 2016.

How much is Trupay worth?

The last known valuation of Trupay was $***** as of Jul 19, 2017.

When was the latest funding round of Trupay?

Trupay's latest funding was a $***** Seed round on Jul 19, 2017, with participation from 8 investors. Its primary sector is Payments. In India, the Payments sector has seen $792M in funding in 2026 to date.

What is the annual revenue of Trupay?

Annual revenue of Trupay is less than ₹10 Cr as on Mar 31, 2016

Where does Trupay rank among its competitors?

Trupay ranks 3rd amongst 9 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was BharatPe, which secured $10M in Mar, 2026.

Who are the top competitors of Trupay?

Trupay's top competitors include BharatPe, PayNet and CU Pays. Among them, BharatPe secured the most recent funding round in March, 2026.

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

Company Details

Trupay is a UPI-based POS payment solutions for merchants. The company provides enables businesses to accepts payments online or through their mobile devices. Customers can transfer money to the merchant by entering their phone number or by scanning the QR code.

Website: trupay.in
Social
Email ID: *****@trupay.in
Phone Number: +91 **********
Registered Address: D - 87, FIRST FLOOR, SOUTH CITY - II, Gurgaon, GURGAON, Haryana, India, 122001

Key Metrics

Founded Year

2015

Location

Gurugram, India

Stage

Acquired

Total Funding

$1.05M in 2 rounds

Latest Funding Round

Seed, Jul 19, 2017, $*****

Last Known Valuation

$***** as on Jul 19, 2017

Investors

Kae Capital & 24 more

Ranked

3^rd among 9 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2016

Employee Count

3 as on Aug 31, 2026

Similar Companies

BharatPe & 278 more

Exit Details

Acquired by tmw (Jan 30, 2018)

View Trupay's full profile

Trupay is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PROTINUS INFOTECH PRIVATE LIMITED CIN: U72200HR2015PTC057197 , India, Active	Nov 06, 2015	0 - ₹10 Cr (As on Mar 31, 2016)	-

Trupay got acquired by tmw on Jan 30, 2018.

Click here to take a look at Trupay's acquisition in detail

Trupay has raised a total funding of $1.05M over 2 rounds. Its first funding round was on Apr 30, 2016. Its latest funding round was a Seed round on Jul 19, 2017 for $*****. 8 investors participated in its latest round. Trupay has 7 institutional investors and 18 angel investors.

Here is the list of recent funding rounds of Trupay:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 19, 2017	2912498	Seed	7932669	4026146	4550538	8616101
Apr 30, 2016	5476421	Seed	6614532	8550984	Nimir Kishore Mehta & 1 more	Real Time MCS & 12 more

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View details of Trupay's funding rounds and investors

The founders of Trupay are Narender Verma, Rahul Gochhwal and Vivek Lohcheb.

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

Narender Verma: Co-Founder of Trupay. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 2 phone numbers
Rahul Gochhwal: Co-Founder of Trupay. They serve on the board of 1 company.
Vivek Lohcheb: Co-Founder of Trupay.

Trupay's Board of Directors

Trupay's board has 3 active members. Hitesh Chawla, Narender Verma and Rahul Gochhwal are part of team.

Here is the list of Trupay's board of directors:

Name	Type	Representing	Status	Duration
Narender Verma	Team	-	Current	10y 10m
Rahul Gochhwal	Team	-	Current	10y 10m
Hitesh Chawla	Investor	-	Current	8y 0m

View details of Trupay's Founder profiles and Board Members

Trupay's employee count trend

Trupay has 3 employees as of Aug 26. Here is Trupay's employee count trend over the years:

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Top competitors of Trupay include BharatPe, PayNet and CU Pays. Here is the list of Top 10 competitors of Trupay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BharatPe 2018, Gurugram (India), Series E	Provider of payment solutions, lending, and investment opportunities for businesses	$584M	Ribbit Capital, Coatue & 60 others	86/100
2nd	PayNet 2014, Mumbai (India), Seed	Provider of payment gateway services, M-ATM, M-POS, soundbox, and QR solutions	$26.9K	Rykka Corporation, Greysoft & 1 others	45/100
3rd	Trupay 2015, Gurugram (India), Acquired	UPI-based POS payment solutions for merchants	$1.05M	M&S Capital Partners, Fluid Ventures & 23 others	41/100
4th	CU Pays 2017, Sahibzada Ajit Singh Nagar (India), Deadpooled	Organizer of exclusive family office conferences	-	-	30/100
5th	Alt-Pi Fintech 2021, Mumbai (India), Funding Raised	Online platform for facilitating contactless payments	-	-	26/100
6th	Indipe 2020, Aurangabad (India), Unfunded	App-based payment solutions for merchants and individuals	-	-	24/100
7th	E Card Solution 2024, Kolkata (India), Unfunded	QR code-based payment solutions for businesses	-	-	24/100
8th	Orimmos Lucknow (India), Unfunded	Provider of UPI payment solutions and associated support for businesses	-	-	24/100
9th	Paymint 2016, Chennai (India), Deadpooled	Offline payments app	-	-	21/100
10th	Paytm Hyderabad (India), Unfunded	Provider of payment systems and financial technology for online and in-store use	-	-	16/100

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Founders (largest shareholder) own 58.50%, Funds own 10.20%, Enterprises own 8.30% and Angels own 18.00%. The net worth of Trupay's founders is INR 9.78Cr as of Apr 13, 2017.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	58.50%	9.78Cr	1930230	6568929	4114391	6591180
Rahul Gochhwal	5827182	7043409	2301699	3311206	6171288	6899956
Narender Verma	6480569	6576845	4161305	7281075	7834855	3236243
Fund	10.20%	1.7Cr	1582964	4272785	4656854	9594577
Kae Capital	2463835	3690576	7956009	3841444	7175955	4314360
Enterprise	8.30%	1.39Cr	3463010	3488760	3388001	8948414
Angel	18.00%	2.99Cr	5765025	8592760	4145059	7847362
Nimir Kishore Mehta	16	29	17	69	12	78
Sunil Ghorawat	29	19	28	54	84	62
Total	95.00%	15.9Cr	5744160	9061028	7441347	6191013