# Gharpay

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

- Industry: Financial Services
- Headquarters: Hyderabad, India
- Website: www.gharpay.in
- Total disclosed funding: $0.3M
- Latest round: Seed (Mar 1, 2011)
- Investors on record: 1

## About

Gharpay is a digital payment solutions provider facilitating efficient transactions for consumers and businesses, enhancing the payment experience through its innovative mobile platform.Founded in 2010 and headquartered in Hyderabad, India, Gharpay specializes in digital payment solutions. The company underwent strategic changes, focusing on a mobile payment platform that allows users to process various transactions. In June 2013, Gharpay raised USD 0.30 mn in a SEED funding round from Sequoia Capital, totaling USD 0.30 mn raised to date. The company has completed three deals, with its cash collection service acquired by Delhivery.Gharpay offers a comprehensive digital payment platform that simplifies transactions for utility bills, online shopping, and other digital services. This platform supports individual consumers, SMEs, and corporate clients, primarily in the South Asian market, catering to urban and semi-urban regions where digital adoption is increasing.Gharpay generates revenue through transaction fees on each payment processed via its platform. Additionally, it benefits from partnerships with retail businesses utilizing its payment solutions, creating a steady revenue stream from service usage and tailored features for both consumers and businesses.Gharpay plans to enhance its product offerings by developing new features that cater to the evolving needs of its customers. The company aims to expand into additional geographic markets across South Asia by the end of 2024. The recent funding from the SEED round will support these initiatives, helping to bolster its operational capabilities and market presence, especially following the acquisition of its cash collection service by Delhivery.

## Funding rounds

- Seed, Mar 1, 2011, $0.3M — Hong Shan

## Investors

- Hong Shan — Seed