India · Series D startup

Who invested in PayMate

2 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Funding summaryUpdated 26 Oct 2026

$34Mraised across 2 rounds since 2008, from 2 sources

$9.0MSeries B$25MSeries D
Latest round
Series D, $25MJul 2019
Led by
Visa
Step-upi
2.8×
Investors
8 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

200820102012201420162018
$9.0MSeries B$25MSeries D
First round
Series B, $9.0M
May 2008
Biggest round
$25M
Series D · Jul 2019
Between rounds
11.3 years
from the last two

The rounds

  1. Jul 2019
  2. May 2008

Founders and team

From PayMate's own website: 5 on the team.

  • Swapnil ShahCEO
  • Logistic PlusManaging Director
  • Mr. Partha SarathiIBM Key Account Manager
  • Suchit SehgalManaging Director
  • Chavi JafaTeam

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

VisaCorporate VC1round, led 1
Mayfield FundVC firm1round
Sherpalo VenturesAngel network1round
Recruit Strategic PartnersInvestment firm1round
Brand CapitalCorporate VC1round
Mayfair 101Growth equity1round
Times Groupno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about PayMate

Who invested in PayMate?

PayMate's investors include Visa, Kleiner Perkins Caufield & Byers, Mayfield Fund, Sherpalo Ventures and Recruit Strategic Partners, and 3 more on record. Visa led its latest round.

How much has PayMate raised?

PayMate has raised $34M across 2 rounds since 2008.

When did PayMate last raise?

PayMate's most recent round was a Series D of $25M in Jul 2019, led by Visa.

What was PayMate's biggest round?

Its most recent round, $25M in Jul 2019, is also its largest on record.

Who backed PayMate first?

PayMate's first round on record, in May 2008, was backed by Kleiner Perkins Caufield & Byers, Mayfield Fund and Sherpalo Ventures.

What stage is PayMate at?

PayMate's latest named round is a Series D, in Jul 2019.

Where is PayMate based?

PayMate is based in India.

Who led PayMate's rounds?

Visa led the Series D in 2019.

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