# Drona Pay Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drona-pay-private

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.dronapay.com
- Total disclosed funding: $0.4M
- Latest round: Seed (Dec 6, 2021)
- Investors on record: 3

## About

Based in Mumbai, India, and founded in 2021, Drona Pay Private Limited provides real-time security software that defends financial companies against delinquency, bust-offs, scams, and merchant frauds. The company was founded by its CEO Satish Kashyap, CTO Pallavi Narvekar, and CDO Sukhdev Sinh Zala. Satish Kashyap previously worked as a Chief Operating Officer of National Stock Exchange’s technology business (NSEIT) and Director with SunGard / FIS. In November 2021, Drona Pay Private Limited raised INR 32 million in seed funding from new investors Credit Saison and Varanium Capital, with participation from individual investors.

Drona Pay is an online platform that uses machine learning and unique data sets to assist financial institutions to defend themselves against fraudsters in real-time. Its services are utilized by financial institutions to protect their payments and lending operations from third parties, scams, and fraudsters, including universal payments interface, credit card, and debit card transactions. The company’s client base includes banks, BNPL (Buy Now, Pay Later), payment processors, merchants and online marketplaces.

The company will use the November funding to expand its technical and product teams and strengthen its offerings. It will also help it penetrate the Indian banking and fintech space.

## Funding rounds

- Seed, Dec 6, 2021, $0.4M — Credit Saison, Varanium Capital, QED Innovation Labs

## Investors

- Credit Saison — Seed
- Varanium Capital (https://capitalatlas.ai/funds/varanium-capital) — Seed
- QED Innovation Labs — Seed