PE-VC Fund Investments
Cross-border payments enabler PayGlocal raises Rs.36.38 Cr led by BEENEXT
Bengaluru-based PayGlocal has raised INR 36.38 crore (USD 3.84 million) in a funding round led by BEENEXT. This marks the company's first round of fundraising in over four years and increases its valuation to INR 1,140 crore (USD 120 million). Post this transaction, Peak XV remains the largest external shareholder with a 34.04% stake, followed by BEENEXT with 6.14% and Tiger Global with 5.21%. The co-founders retain a 46% ownership of the company.Founded in 2021 by Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande, PayGlocal provides cross-border payment solutions for exporters and brands.
Between Apr 2021 and Oct 2024, PayGlocal had attracted about USD 24 M from Beenext, Peak XV Partners, Tiger Global, Sprout Venture Partners and others.For FY25, PayGlocal had reported about INR 25 Cr in Operating Income and about INR 14 Cr in Net Loss.
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