# CCAvenue

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ccavenue

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.ccavenue.com
- Total disclosed funding: $3.4M
- Latest round: Series A (Apr 29, 2021)
- Investors on record: 1

## About

Based in India, CCAvenue is a PCI DSS compliant payment processing company that enables secure online transactions for a diverse range of clients, leveraging a sophisticated platform to enhance user experience and business growth.Founded in 2001, CCAvenue operates from its headquarters in Mumbai, India, providing payment processing solutions. The company is led by Johncy Varghese, who has a history of entrepreneurship. In August 2022, CCAvenue raised INR 102.94 million in Series A funding, reflecting its focus on expanding its services. The firm has completed three deals to date, with its current valuation at INR 2026.82 million.CCAvenue specializes in offering a comprehensive payment processing solution that adheres to PCI-DSS compliance standards, serving nearly 3 million merchants across various sectors. The company's key offerings include a sophisticated payment gateway, credit card processing services, and tools designed to optimize transaction success rates. These services empower web merchants to expand their customer reach and improve revenue potential, supporting both B2B and direct-to-consumer models in India, Southeast Asia, and the Middle East.For the fiscal year 2023, CCAvenue reported a revenue of INR 1,374,187.90 and an EBITDA of INR -2,602,159.20. The company generates revenue through transaction fees for payment processing, partnering with e-commerce platforms and retailers to offer subscription services tailored to a wide clientele, from small businesses to large enterprises.With the recent funding of INR 102.94 million raised in August 2022, CCAvenue aims to develop new products and enhance its platform offerings. The company plans to expand further into Southeast Asia and the Middle East by the end of 2023, addressing the rising demand for efficient online payment solutions.

## Funding rounds

- Series A, Apr 29, 2021, $3.4M — Pentathlon Ventures

## Investors

- Pentathlon Ventures (https://capitalatlas.ai/funds/pentathlon-ventures) — Series A