Company Intelligence Profile
Vegapay Technology Private Limited
Vegapay is a Mumbai-based B2B fintech that gives banks and NBFCs card, Credit on UPI and lending technology.
Last updated 26 October 2026
Vegapay Technology Private Limited is a B2B fintech that helps banks and NBFCs build card programs, Credit on UPI products and lending systems. It is an unlisted private company incorporated on 17 Jun 2022 and registered in Mumbai, Maharashtra. In FY2024-25 it reported revenue of ₹4.3 Cr. It is seed stage and has raised a $5.5M seed round led by Elevation Capital.
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Company Identity
| Registered name | VEGAPAY TECHNOLOGY PRIVATE LIMITED |
|---|---|
| CIN | U72900MH2022PTC384814 |
| Status | Active |
| Listing | Unlisted |
| Incorporated | 17 June 2022 |
| ROC | |
| Sector (NIC) | Fintech (NIC 72900) |
| Registered address | Plot No 681A/7,8,9, Flat No 2404, Cedar Runwal Greens, Bhandup West, Mumbai City, Maharashtra 400078 |
| Authorized capital | Rs 2.1 lakh |
| Paid-up capital | Rs 1.5 lakh |
Business Overview
- Vegapay helps banks, NBFCs and other businesses build and launch banking products.
- It offers Credit on UPI and API-first card programs for credit, prepaid and forex cards.
- It also sells lending technology for origination, management and collections, plus back-office portals and white-label apps.
- The company was incorporated on 17 Jun 2022 and has offices in Mumbai, Gurugram and Bangalore.
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Puneet Sharma | 06619419 | Director | - |
| Gaurav Mittal | 09668135 | Director | - |
| Abhinav Garg | 09668133 | Director | - |
| Himanshu Agrawal | 10277553 | Director | - |
Financials
- Revenue ₹4.3 Cr
- Net loss ₹18.0 Cr
- Total expenses ₹22.4 Cr
- Total assets ₹35.0 Cr
- Revenue ₹2.9 Cr
Funding
| Seed round | $5.5M led by Elevation Capital |
|---|---|
| Total funding | $6.60M+; last funding on 29 May 2024 |
Charges & Borrowings
- No registered charges.
Frequently Asked Questions
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