UDMA Technologies - About the company
UDMA Technologies is a seed company based in Manipal (India), founded in 2016 by Prashanth B. It operates as a Provider of a fintech company that offers a mobile wallet solution for consumer payments, aiming to make digital transactions easier and more accessible for the average Indian user. UDMA Technologies has raised $1.15M in funding from investors like Expert DOJO, Incisive Ventures and Mainstage Hub, with a current valuation of $*****. The company has 154 active competitors, including 11 funded and 12 that have exited. Its top competitors include companies like PhonePe, Paytm and MobiKwik.
Company Details
Provider of a fintech company that offers a mobile wallet solution for consumer payments, aiming to make digital transactions easier and more accessible for the average Indian user.
- Website
- udmatech.com
- Social
- Registered Address
- AMMA NILAYA, 52 HEROOR VILLAGE, & POST, UDUPI TALUK, Udupi, Udupi, Karnataka, India, 576213
Key Metrics
Founded Year
2016
Location
Manipal, India
Stage
Seed
Total Funding
$1.15M in 9 rounds
Latest Funding Round
Post Money Valuation
$***** as on Oct 26, 2021
Investors
Ranked
23rd among 154 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2021
Employee Count
9 as on Aug 31, 2026
Legal entities associated with UDMA Technologies
UDMA Technologies is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
UDMA TECHNOLOGIES PRIVATE LIMITED CIN: U74999KA2016PTC093989 , India, Active | Jun 09, 2016 | 0 - ₹10 Cr (As on Mar 31, 2021) | 30 (As on Jan 31, 2022) |
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UDMA Technologies's funding and investors
UDMA Technologies has raised a total funding of $1.15M over 9 rounds. Its first funding round was on Jan 25, 2017. Its latest funding round was a Seed round on Oct 26, 2021 for $*****. 1 investor participated in its latest round. UDMA Technologies has 6 institutional investors and 6 angel investors.
Here is the list of recent funding rounds of UDMA Technologies:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 26, 2021 | 2932701 | Seed | 6857426 | 3585601 | 2737276 | 4903213 |
Mar 03, 2021 | 4244953 | Seed | 2523441 | 7437433 | 6805273 | |
Jan 11, 2021 | 2602135 | Angel | 7051982 | 3752114 | 8783506 |
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UDMA Technologies' founders and board of directors
Founder? Claim ProfileThe founders of UDMA Technologies is Prashanth B. Prashanth B is the CEO of UDMA Technologies.
Here are the details of UDMA Technologies' key team members:
- Prashanth B: Founder & CEO of UDMA Technologies.
UDMA Technologies' Board of Directors
UDMA Technologies's board has 3 active members. Prashanth B Naik, Pavan Anil Bakeri and Naik Shankar are part of team.Here is the list of UDMA Technologies' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 3m | |
cwlkm{o | Team | - | Current | 5y 4m |
nqxnpwa | Team | - | Current | 8y 5m |
View details of UDMA Technologies's Founder profiles and Board Members
UDMA Technologies' employee count trend
UDMA Technologies has 9 employees as of Aug 26. Here is UDMA Technologies's employee count trend over the years:
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UDMA Technologies's Competitors and alternates
Top competitors of UDMA Technologies include PhonePe, Paytm and MobiKwik. Here is the list of Top 10 competitors of UDMA Technologies, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital payment, financial, and technology solutions for consumers | $1.71B | 86/100 | ||
2nd | Provider of digital payment processing and financial service management tools | $2.76B | 81/100 | ||
3rd | Provider of digital payment services for mobile and utility bills | $284M | 76/100 | ||
4th | Provider of financial products including UPI, loans, insurance, and mutual funds | $545M | 68/100 | ||
5th | Citrus Pay 2011, Mumbai (India), Acquired | Online payment app for consumers and businesses | $32.5M | 65/100 | |
6th |  Super.Money 2023, Bengaluru (India), Unfunded | Provider of digital payment services and interest free installment credit | - | - | 64/100 |
7th |  FreeCharge 2010, Gurugram (India), Acquired | Digital wallet for consumer payments | $117M | 59/100 | |
8th | App-based platform for point of sale financing | - | - | 59/100 | |
9th | Provider of digital financial products and services | $27.2M | 57/100 | ||
10th | High frequency sound based money transfer company | - | - | 53/100 | |
23rd |  UDMA Technologies 2016, Manipal (India), Seed | Provider of a fintech company that offers a mobile wallet solution for consumer payments, aiming to make digital transactions easier and more accessible for the average Indian user | $1.15M | 40/100 |
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UDMA Technologies's Latest cap tables and shareholding
Founders (largest shareholder) own 57.30%, Funds own 25.68%, Angels own 3.58% and Other People own 6.86%. The net worth of UDMA Technologies's founders is INR 76.3Cr as of Oct 26, 2021.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 57.30% | 76.3Cr | 5981022 | 2075313 | 6113843 | 1550869 |
Fund | 25.68% | 34.2Cr | 9966030 | 3209102 | 7595088 | 6042433 |
844 | 832 | 440 | 648 | 702 | 381 | |
58 | 93 | 47 | 49 | 51 | 85 | |
Angel | 3.58% | 4.77Cr | 708 | 516 | 626 | 784 |
26 | 20 | 64 | 63 | 35 | 20 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 6.86% | 9.13Cr | 666204 | 305620 | 278807 | 552278 |
ESOP Pool | 6.58% | 8.75Cr | 294212 | 139593 | 985223 | 484146 |
Total | 100.00% | 133Cr | 9462701 | 3750519 | 5287464 | 9743727 |
To unlock detailed Cap Table of UDMA Technologies Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of UDMA Technologies's Shareholding
UDMA Technologies's Investments and acquisitions
UDMA Technologies has made no investments or acquisitions yet.
Reports related to UDMA Technologies
Here is the latest report on UDMA Technologies's sector:
News related to UDMA Technologies
•
Yes Bank-UDMA Technologies launches digital wallet Yuva PayIndiatimes•Jun 25, 2020•UDMA Technologies, Yes Bank
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