# Cashfree Payments India Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cashfree-payments-india-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.cashfree.com/
- Total disclosed funding: $146M
- Latest round: Series C (Feb 24, 2025)
- Investors on record: 7

## About

Cashfree Payments India Private Limited is an Indian financial technology company specializing in payment processing solutions, offering businesses a robust platform to manage online transactions efficiently and securely.Founded in 2015 in Bangalore, India, Cashfree Payments India Private Limited operates as a standalone entity that provides payment processing solutions. The firm was co-founded by Akash S and Reeju Datta. As of February 2025, the company successfully raised USD 53.00 mn in a Series C funding round led by Krafton, with participation from Apis Partners, which brings the total amount raised to USD 53.00 mn. The company has successfully completed 6 funding deals.Cashfree Payments provides a comprehensive suite of payment processing and banking solutions designed for businesses in India and international markets. Their core offerings include an advanced payment gateway that supports over 180 payment modes, including UPI, cards, net banking, and others, facilitating seamless online transactions for e-commerce and digital platforms. Additionally, Cashfree Payments features a Payouts API enabling businesses to perform bulk disbursals to multiple bank accounts and wallets, catering to use cases such as vendor payments and wage disbursements. The company serves a diverse client base of over 800,000 businesses, including large retailers, startups, and service providers, effectively addressing their payment processing needs across international markets, allowing for the collection of payments in over 140 currencies.Cashfree Payments generated revenue of USD 76.48 mn in 2023, primarily through transaction processing fees associated with their payment gateway and Payouts services. Each transaction incurs a fee contributing to the company's revenue, with additional income derived from services like instant refunds and advanced fraud detection. Cashfree’s pricing structure accommodates different business requirements, offering tailored plans for enterprises and startups, ensuring clients pay only for relevant services.In February 2025, Cashfree Payments India Private Limited raised INR 53 mn in Series C funding to enhance digital payments and provide innovative solutions for various sectors. The company plans to leverage this funding to develop new products aimed at improving the transaction experience for businesses. Additionally, they are targeting expansion into new geographical markets, although specific regions have not yet been disclosed. With the goal of diversifying their offerings and enhancing customer loyalty, Cashfree Payments is set to roll out these initiatives in the coming years.

## Funding rounds

- Series C, Feb 24, 2025, $53M — Apis Partners, Krafton
- Series C, Feb 5, 2025, $52M — Apis Partners, Krafton
- Series B, Nov 23, 2020, $35M — Y Combinator, Smilegate Investment, Apis Partners
- Series A, Apr 9, 2019, $5.5M — Y Combinator, Smilegate Investment, Cabra VC, 9Yards Capital, Musha Ventures
- Seed, Oct 30, 2017, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A, Series B
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A, Series B
- Cabra VC (https://capitalatlas.ai/funds/cabra-vc) — Series A
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series A
- Musha Ventures (https://capitalatlas.ai/funds/musha-ventures) — Series A
- Apis Partners (https://capitalatlas.ai/funds/apis-partners) — Series B, Series C
- Krafton — Series C