# Vegapay Technology Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vegapay-technology-private

- Industry: Financial Services
- Headquarters: Gurugram, India
- Website: www.vegapay.tech
- Total disclosed funding: $6.3M
- Latest round: Seed (May 30, 2024)
- Investors on record: 7

## About

Established in 2022 and based in Haryana, India, Vegapay Technology Private Limited operates as a financial technology company that provides credit card and lending platforms. Gaurav Mittal (CEO), Abhinav Garg, Himanshu Agrawal, and Puneet Sharma are the co-founders of the company. In May 2024, Vegapay Technology Private Limited raised USD 5.5 million in seed funding led by new investor Elevation Capital, with participation from returning investor Eximius Ventures.

The company's range of forthcoming products includes credit cards, prepaid cards, forex cards, modular BNPL, and more. The firm is also developing platforms and services such as back office, rewards and loyalty, a mobile app, and digital onboarding.

The company will use the funding to enhance its product suite, development, and regulatory compliance updates.

## Funding rounds

- Seed, May 30, 2024, $5.5M — Elevation Capital, Eximius Ventures
- Seed, Dec 20, 2022, $0.8M — Capri Global Capital, Upsparks, Eximius Ventures, MGA Ventures, Climber Capital, DSP HMK Holdings Pvt Ltd

## Investors

- Capri Global Capital (https://capitalatlas.ai/funds/capri-global-capital) — Seed
- Upsparks (https://capitalatlas.ai/funds/upsparks) — Seed
- Eximius Ventures (https://capitalatlas.ai/funds/eximius-ventures) — Seed
- MGA Ventures — Seed
- Climber Capital (https://capitalatlas.ai/funds/climber-capital) — Seed
- DSP HMK Holdings Pvt Ltd — Seed
- Elevation Capital — Seed