Company Intelligence Profile
Interropac Private Limited
Interropac Private Limited is the Bengaluru-based, Y Combinator-backed fintech entity operating Karbon — a corporate credit-card, expense-management, cross-border-payments and AI-accounting platform for Indian startups and SMBs.
CIN: U74999KA2018PTC133447Active. DPIITRegistrar of Companies, BangaloreConfidence: medium-high — identity
Last updated 17 August 2026
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AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Interropac Private Limited |
|---|---|
| CIN | U74999KA2018PTC133447 |
| PAN | AAFCI0241G |
| Status |
|
| Listing | Unlisted (not listed on any stock exchange). |
| Incorporated | 05 October 2018. Note: company was originally registered under CIN U74999HR2018PTC076299 (Haryana RoC) and later re-registered/re-numbered as U74999KA2018PTC133447 under RoC Bangalore — CIN history confirmed by TheCompanyCheck. |
| ROC | Registrar of Companies, Bangalore (Karnataka). |
| Sector (NIC) |
|
| Registered address | No. 326, Slate House, 2nd Floor, 1st Stage, Binnammangala, Indiranagar, Bengaluru, Karnataka, India – 560038. |
| Authorized capital | ₹50 Lakh |
| Paid-up capital | ₹32.01 Lakh |
Business Overview
Confirmed- Interropac Private Limited is the Indian operating entity behind "Karbon" (marketed as Karbon Card / Karbon Business), a Bengaluru-based, Y Combinator-backed fintech founded in 2019 by Kartik Jain, Bhagath Gottipaty and other co-founders (reported variously across sources as including Amit Jangir, Pei-fu Hsieh, Bo Li, Sunil Sinha)
- Karbon started as a neobank/expense-management platform issuing corporate credit cards (no personal guarantee/FD required) to Indian startups and SMBs, and has since expanded into: (1) Karbon FX — cross-border/foreign remittance and forex payments for exporters, importers, freelancers and D2C/e-commerce sellers
- (2) Karbon Clouds — cloud-cost discount marketplace; and (3) AI Accountant — an AI bookkeeping/accounting-automation product
- Corporate parent is reported as Karbon United Pte Limited, Singapore (typical offshore holding "flip" structure for Indian startups) — per TheCompanyCheck
- Registered/legal business activity code on file with MCA is "management consultancy," which is a holding/services registration common for group entities rather than a description of the consumer product
Directors
Partial / conflictingCURRENT (per TheCompanyCheck, data as of 07 Feb 2026 — most recent snapshot):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Lopamudra Chakraborty | - | Whole-time Director | 05 Oct 2025 |
| Bhagath Gottipaty | 08767495 | Whole-time Director & Co-founder | 29 Jul 2023 |
| Rajiv Shantilal Jain | 09732351 | - | - |
| Kartik Jain | - | - | - |
Financials
Partial / conflictingFY2025 (year ended 31 March 2025), standalone, filed with RoC Bangalore, AGM held 29 Sep 2025:
| Revenue | ₹5.84 Cr, down ~60% YoY |
|---|---|
| EBITDA | not obtained |
| PAT/Net Profit | not obtained |
| Net worth | reported down ~30.3% YoY — partial |
| Total assets | reported down ~55.49% YoY — partial |
| Borrowings | see Charges section — ₹20 Cr open charge, ₹12 Cr satisfied charge on MCA record |
| Auditor | Gupta Jai & Co., for FY2023 |
Overall: revenue and asset base both contracted sharply in FY2025 per available filings — consistent narrative across two sources, but full P&L/balance sheet figures are not obtained (require paid report).
Funding
ConfirmedEquity and debt rounds are well documented in fintech press:
- 09 Feb 2022 — Series A, USD 15 million (~₹122 Cr) — investors reported as Olive Tree Capital, Orios Venture Partners and others, with Y Combinator as an existing/backing investor.
- 17 May 2022 — Debt financing, ₹55 crore (~USD 7 million) from Northern Arc Capital, UC Inclusive Credit Private Limited (UCIC), and Oxyzo Financial Services Pvt Ltd — explicitly reported as Karbon's "first debt round".
- Cumulative equity raised as of May 2022: approximately USD 32 million total from "Ycombinator, Ramp, and Olive Tree Capital amongst others."
- Self-reported valuation: co-founder Kartik Jain's own investor/angel profile (OpenVC, IncubatorList) states Karbon Card was "last valued at $150m" — not corroborated by a primary funding announcement, treat as partial/self-reported.
All amounts are entity-level to the Karbon Card business operated by Interropac Private Limited; no separate later (2023-2026) equity round was found in this pass.
Charges & Borrowings
Confirmed- Charge ID 100562166 — ₹20 Cr (₹2,000 Lakh), originally registered 30 Mar 2022, modified 13 Sep 2023; status: OPEN. Charge-holder recorded by Tofler as "MITCON Credentia Trusteeship Services Limited" (a debenture/security trustee — typical for NCD/structured-debt deals, so the trustee name on record is not necessarily the actual economic lender).
- Charge ID 100509851 — ₹12 Cr, registered 02 Dec 2021, fully satisfied 21 Apr 2022; status: SATISFIED.
Total: ₹20 Cr open + ₹12 Cr satisfied charges on record. This aligns with/likely relates to the ₹55 Cr debt round reported in press (Northern Arc Capital / UCIC / Oxyzo, May 2022) though the charge-holder name (trustee) and the press-named lenders were not directly cross-matched.
Legal / Litigation
Partial / conflicting- One litigation record found via Indian Kanoon: "Interropac Private Limited vs Sarvaloka Services On-Call Private Limited" — Case No. C.C.No
- 13818/2022, Bangalore District Court (Court of Small Causes), order dated 23 September 2024, before the XVIII Additional Judge, Small Causes Court; company represented by authorised signatory Mr. Blesson George Johnson
- Appears to be a routine civil/commercial recovery-type small-causes suit; no adverse regulatory or criminal finding was indicated in the available snippet
- Single source (Indian Kanoon) — no other litigation records were found for the company or for directors Lopamudra Chakraborty, Bhagath Gottipaty, or Rajiv Shantilal Jain individually
Competitors
ConfirmedCorporate-card / business-expense-management / cross-border-payments peers:
- Zaggle (Hyderabad, founded 2011) — larger scale, publicly listed on BSE/NSE (Zaggle Prepaid Ocean Services).
- Happay (Bengaluru, founded 2012) — mid/large scale, acquired by CRED in 2022.
- EnKash (Mumbai, founded 2018) — well-funded scale-up in business spend management.
- Kodo (Mumbai, founded 2019) — funded early/growth-stage startup, smaller scale than Karbon.
- Jeeves (New York/US, founded 2019) — global corporate-card competitor, well-funded (reported unicorn-adjacent valuation at peak), operates in India among other markets.
- Sodexo — much larger, diversified employee-benefits/prepaid-card incumbent (legacy player, different core business).
- Also relevant but not from the sourced list: Volopay, Cashfree, Fyle.
Frequently Asked Questions
What does Interropac Private Limited do?
Interropac Private Limited is the Bengaluru-based, Y Combinator-backed fintech entity operating Karbon — a corporate credit-card, expense-management, cross-border-payments and AI-accounting platform for Indian startups and SMBs.
What is the CIN of Interropac Private Limited?
The Corporate Identification Number (CIN) of Interropac Private Limited is U74999KA2018PTC133447.
Where is Interropac Private Limited registered?
Interropac Private Limited is registered with Registrar of Companies, Bangalore (Karnataka). Registered address: No. 326, Slate House, 2nd Floor, 1st Stage, Binnammangala, Indiranagar, Bengaluru, Karnataka, India – 560038.
When was Interropac Private Limited incorporated?
Interropac Private Limited was incorporated on 05 October 2018. Note: company was originally registered under CIN U74999HR2018PTC076299 (Haryana RoC) and later re-registered/re-numbered as U74999KA2018PTC13….
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