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Top B2B Payment Startups in India

By Team VS
New Update
Top B2B Payment Startups in India
Top B2B Payment Startups in India, For Illustrative Purpose

B2B Payment Startups stands for business to business, and it refers to any transaction involving the exchange of any goods or services between two commercial enterprises. Payment is such a transaction that could take the shape of cash or something else entirely. This indicates that it may take the form of a routine transaction such as paying for goods or services with money, or it may take the shape of a barter exchange.

In a barter transaction, two businesses can swap goods or services without exchanging cash. The payment technique used in financial transactions is very different from how clients pay businesses. The manner of payment for business-to-consumers and business-to-business transactions differs significantly. Business-to-business transactions typically involve large orders, whereas B2C transactions which are conducted for direct consumption- tend to involve smaller purchases. Discounts and offers are also offered in B2C sales, although they are typically absent in B2B transactions. Consequently, when an organization pays another business, the method of payment also needs to be adjusted in some specific ways.

Popular B2B Payment Startups in India

Here is the list of Top B2B Payment Startups in India

1. Air Pay

Airpay - B2B payment firm in India
Airpay - B2B payment firm in India

Another well-known B2B payment firm in India that makes it simple for retailers and e-commerce businesses to accept contactless payments is this one. Amit Kapoor, Kunal Jhunjhunwala and Rohan Deshpande established this startup in 2012.

Read also – Top Startup News Websites in India 2024

The business’s main office is in Mumbai. The payment platform offers features like open banking, Financial Services, contactless payments, digital payments and financial inclusion.

2. BharatPe

BharatPay - Small to midsize business owners
BharatPay - Small to midsize business owners

A single BharatPe QR code may be used by small to midsize business owners to accept payments across all UPI applications, according to BharatPe, a B2B fintech provider. The startup also provides loans to business owners.

Read also – Best Customer Engagement Software in India in 2024

Ashneer Grover, Shashvat Nakhrani, and Bhavik Koladiya launched it in 2018 and its main office is in New Delhi. Recently, it has collaborated with NBFCs on a project named “12%Club”. Through this program, consumers will have the opportunity to put money into BharatPe and earn a return of up to 12% without being subject to any lock-in periods. Additionally, individuals are able to borrow money at a 12% interest rate.

3. Udaan

Udaan - Largest business-to-business platforms in India
Udaan - Largest business-to-business platforms in India

One of the largest business-to-business platforms in India is called Udaan. Vaibhav Gupta, Sujit Kumar, and Amod Malviya launched it in 2016.

Read also – Top 10 Crowdfunding Platforms in India in 2024 | Indian Crowdfunding Sites

Bangalore serves as the startup's corporate headquarters. The platform enables farmers, small businesses, and manufacturers to provide shoppers and retailers with their goods in a transparent and safe manner. With safe payments and efficient logistics, it facilitates the purchasing and selling process.

4. Benow

Benow - B2B payment startup in India
Benow - B2B payment startup in India

It is yet another well-known B2B payment startup in India. It was launched in 2016 by Sudhakar Ram and Soorraj VS.

Read also – Best Banks for Startup Loans in India

An application called Benow focuses on payments and the retail Industry. The startup was established to advance digital payments and support the growth of SMEs, NGOs, and brands. Users can also obtain credit points, EMI, bundle products, and much more. The shop now and pay later approach is the main focus of the platform.

5. Nova Play

Nova Play - B2B payment processing services
Nova Play - B2B payment processing services

It is a gaming platform that Akshat Rathi founded in Gurgaon in 2016. At first, it was used to pay for video games. It has, however, recently added B2B payment processing services.

Read also – Top Fintech Investors in India in 2024

6. Razorpay

Razorpay - Streamline payment management
Razorpay - Streamline payment management

Streamline payment management with a unified dashboard, enabling both online and in-person payment collection while enhancing conversion rates and minimizing. It helps processes online payments for online as well as offline businesses. Razorpay allows you to accept credit cards, debit cards, netbanking, wallet, and UPI payments with the Mobile App plugin.

It uses a seamles integration, allowing the customer to pay on your website without being redirected away. Industry standard payment form to rule payments. Cross platform payment form you can embed using just a single line of javascript. With no redirect, the consumer never leaves your website while paying.

7. Bulk MRO

Bulk MRO - Worldwide logistics and financial platform
Bulk MRO - Worldwide logistics and financial platform

Bulk MRO is another well-known B2B payment startup in India. It is a worldwide logistics and financial platform that Gaurang and Devansh Shah founded in Mumbai in 2015.

Read also – Top Most Active Angel Investors in India’s Startup Ecosystem

When it comes to providing manufacturing goods and emergency supplies, Bulk MRO is a reliable name. It is a B2B platform that aids businesses and government healthcare networks in their operations not just in India but all around the world.

8. Enkash

Enkash - Invoices and most importantly tracks payments from customers or suppliers
Enkash - Invoices and most importantly tracks payments from customers or suppliers

Enkash platform, a business name monitors its cash flow, and invoices and most importantly tracks payments from customers or suppliers.

Read also – Best Startup Business Grants Around the World

It provides easy connections between businesses, corporations, and credit providers. Hemant Vishnoi established the business in 2016. The SBM Enkash RuPay business card, the most comprehensive business credit card ever, was released in 2020 thanks to a collaboration between SBM Bank and Enkash. It is a platform for managing B2B payments and providing financial support.

9. Mobikwik

Mobikwik - Mobile wallet and financial services platform
Mobikwik - Mobile wallet and financial services platform

MobiKwik is a mobile wallet and financial services platform that allows users to send & receive money, pay businesses and utility bills, shop online or at stores, and get access to financial products like instant digital loans, make instant settlements towards credit card bills invest in digital gold, mutual funds. MobiKwik was founded with the mission to create a digital ecosystem of financial services accessible to anyone.

Mobikwik has 1.6 star rating based on 928 customer reviews. Consumers are mostly dissatisfied. 11% of users would likely recommend Mobikwik to a friend or colleague. The technology-first company leveraging big data analytics and deep data science (including machine learning) to continuously delight users and merchants on our platform. Our mission is to build a world class payments and credit product for Bharat.

10. Ginvoicing

Ginvoicing - Conveniently and more successfully manage your business
Ginvoicing - Conveniently and more successfully manage your business

The Startup’s name is clearly drawn from the phrase “G-Invoicing” in accounting. Tarun Jangra started it in 2017, and has its headquarters in Ludhiyana.

Read also – Top Angel Investing Platforms in India

It is a system that enables you to conveniently and more successfully manage your business. The platform aims to eliminate all your GST-related problems. It assists with obtaining payments via the Internet, accounting, managing stocks, marketing, and buying information, among other things.

Conclusion

The process of making business-to-business payments used to be complicated, but as technology has developed, a number of startups have come out that have simplified and secured the process. The organizations mentioned above are some of the most well-known B2B payment startups in India that are changing the way transactions were once conducted.

Frequently Asked Questions (FAQs)

What is B2B?
B2B stands for business to business, and it refers to any transaction involving the exchange of any goods or services between two commercial enterprises. 
Who are the founders of BharatPe?
Ashneer Grover, Shashvat Nakhrani and Bhavik Koladiya launched it in 2018.
Which are the Top B2B Payment Startups in India
Ginvocing, Enkash, Bluk MRO, Nova Play, Benow, Udaan, and BharatPe Air Pay are the Top B2B Payment Startups in India.
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Weekly Startup Funding News Report For 25 October - 29 October 2024 (Latest Updates)

Weekly Funding Roundup - We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of newly funded ventures daywise.

By Viestories
New Update
Weekly Startups Funding News Report For Monday, 17 June 2024 to Saturday, 22 June 2024
Weekly Startups Funding Report

Weekly Funding Roundup - We compile a weekly startups funding news report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape. Get all Indian statups news at Viestoires.

Weekly Startups Funding News [25 October 2024 - 29 October 2024]

Althion Funding News - Althion has Secured Rs 3.6 crore in Pre-Series A Round Funding

Homversity Funding News - Homversity has Secured $1 Million in Pre-Series A Round Funding

Stellaris Venture Partners Funding News - Stellaris Venture Partners has closed its third Fund at $300 Million

CADRE ODR Funding News - CADRE ODR has Secured $200,000 in Strategic Funding

Ladies Who Lead Funding News - Ladies Who Lead has Secured $1 Million in Pre-Series A Round Funding

Nazara Technologies Funding News - Mumbai-based Nazara Technologies has Secured Rs 855 crore in Funding

ParkMate Funding News - ParkMate has Secured $1.2 Million in Pre-Series A Round Funding

Univest Funding News - Univest To Secured $16 Million in Funding

Arihant Foundations & Housing Funding News - Arihant Foundations & Housing Limited has Raised Rs 109 Cr in Funding

Alt Mobility Funding News - Alt Mobility has Raised $10 Million in Series A Round Funding

ShopDeck Funding News - ShopDeck has Raised $8 Million in Series B Round Funding

BitSave Funding News - BitSave has raised Undisclosed Amount in Pre-Series A Round Funding

True Diamond Funding News - True Diamond has Secured $1 Million in Seed Funding

Ikin Global Funding News - Ikin Global has Secured $1 Million in Pre-Series A Round Funding

All Things Baby Funding News - All Things Baby has Raised INR 30 Cr in Funding

OneCard Funding News - OneCard To Secures INR 239.4 Cr From Peak XV Others

Solarworld Energy Funding News - Solarworld Energy Solutions Secured Rs 110 cr in Pre-IPO Placement

Biomaterials Funding News - Biomaterials startup Ukhi has Raised $1.2 Million in Pre-Seed Funding

Beyond Appliances Funding News - Beyond Appliances has Secured $2 Million in Seed Funding

Elchemy Funding News - Elchemy has Secured $5.6 Million in New Funding

18 Oct. to 23 October 2024 Funding News

Zepto  Funding News - Zepto has Secured Another $350 Mn From Domestic Investors

KGeN Funding News - Decentralized gaming network KGeN has Secured $10 Million in Funding

Zopper Funding News - Zopper has Raised $25 Mn in Series D round Funding

CredFlow Funding News  - CredFlow raises $3.7 Million in Pre-Series B Round Funding

Order For Health Funding News - Order For Health Secures INR 1 Crore in Seed Series Round Funding

OneCell DiagnosticsFunding News - OneCell Diagnostics has Secured $16 Million in Series A Round Funding

Abyom Funding News - Abyom has Secured $2.5 Mn in the First Tranche of $5.4 M Seed Funding

Locad Funding News - Locad has Secured $9 Million in a Pre-Series B Round Funding

Doodhvale Farms Funding News - Doodhvale Farms has Secured $3 Million in Funding

Taqtics Funding News - SaaS Platform Taqtics has Secured $1.2 Million in Seed Funding

Baanhem Ventures Funding News - Baanhem Ventures has Secured Rs 3.3 crore Fresh in Funding

Indic Wisdom Funding News - Indic Wisdom Secures $2 Million in Pre-Series A Round Funding

PeLocal Funding News - Fintech startup PeLocal Secures $2 Million in Seed Funding

Proost Beer Funding News - Proost Beer Secures INR 30 Cr in Series A Round Funding

Theranautilus Funding News - Deeptech Startup Theranautilus Secures 1.2 million in Seed Funding

Swish Funding News - 10-minute food-delivery Startup Swish Secures $2 Million

HealthKart Funding News - Omnichannel nutrition platform HealthKart Secures $153 Million in Funding

Matrix Geo Solutions  Funding News - Matrix Geo Solutions Secures Nearly $1 Million in a pre-IPO Funding

Adani Green Energy  Funding News - Adani Green Energy plans to raises $2 billion through bonds and loans

VoloFin Funding News - Supply Chain Fintech VoloFin Raises $50Million in Funding

11 Oct. to 16 October 2024 Funding News

LegalKart  Funding News - LegalKart Secures Rs 6.5 Cr in Fresh Round Funding

Airbound Funding News - Drone Startup Airbound Receives Funding from Lightspeed

SarvaGram Funding News - SarvaGram Secures Rs 565 Crore in a Series D Round Funding

Pavestone Technology Funding News - Pavestone VC Closes its Pavestone Technology Fund at INR 816 Cr

Mushin Innovative Funding News - Mushin Innovative Labs raises $250K in Seed Series Round led by Inflection Point Ventures

ePlane Funding News - The ePlane Company Raises $14 Million in Series B Round Funding

Pikndel Funding News - Pikndel Raises $1 Million in Seed Round Funding

Ennoventure Funding News - AI SaaS startup Ennoventure has raised $8.9 million from Tanglin Venture Partners

BlackBuck Funding News - BlackBuck Secures INR 501 Crore from Anchor Investors

Vedantu Funding News - Vedantu Secures $2.3 Mn Debt and Equity Capital Funding from Stride Ventures

Curefoods Funding News - Curefoods Raises $9.6 Mn Funding Led by Binny and Jitender Kumar Bansal

Qure.ai Funding News - Qure.ai Secures $65M Series D Funding Round Led by Lightspeed and 360One Asset

HomeLane Funding News - HomeLane to Acquire Design Cafe and Raises Rs 225 Cr Funding

Seekho Funding News - Seekho to Raises $8-10 Mn Funding from Lightspeed and Elevation

Care.fi Funding News - Fintech Startup Care.fi Raises Rs 8 Cr in Debt Funding Round

12 September 2024 - Funding News

Trisu Funding News - A pre-seed funding round, which was co-led by All In Capital, has secured an undisclosed quantity of investment for the vermeil jewelry brand Trisu.

GameEon Funding News - GameEon, a game development studio, has raised $1 million in its most recent funding round, which was co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, Tal64.

Wundrsight Funding News - Wundrsight, a digital therapeutics startup, has secured $400K in its seed round, which was led by Inflection Point Ventures. Social Alpha, in conjunction with other angel investors, has also participated in the round.

Dharaksha Ecosolutions Funding News - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured Rs 24.8 crore (approximately $2.95 million) in a Seed funding round sponsored by Avaana Capital.

Omnivore Funding News - Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund, received $5 million in investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) Group.

Futwork Funding News - In its Series A round, which was led by the Michael & Susan Dell Foundation and included Artha Ventures, Simile Capital, and other investors, sales outreach platform Futwork has raised Rs 20.9 crore, about $2.5 million.

Centricity Funding News - In a seed round, Lightspeed and returning investors Burman Family Office and Shantanu Agarwal, among others, led the investment in wealth management startup Centricity, which raised $20 million at a valuation of $125 million.

11 September 2024 - Funding News

Zivy Funding News - Zivy, an AI tool that prioritizes workplace messages and duties, has secured $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures.

Mitra Funding News - A strategic family office based in Dubai and Bestvantage Investments led the Pre-Series A fundraising round for D2C FMCG firm Mitra, which raised INR 11 Cr ($1.3 Mn).

InMobi Funding News - MARS Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to InMobi, a provider of mobile advertising network software.

Track3D Funding News - Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.

 Flexiloans Funding News - In an equity funding round led by American not-for-profit fund Accion, US asset management firm Nuveen, and Nandan Nilekani-backed venture fund Fundamentum, Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million).

10 September 2024 - Funding News

Crackle Technologies Funding News - Crackle Technologies, an adtech startup, has secured $1.7 million (approximately INR 14 crore) in a pre-seed funding round that was jointly headed by We Founder Circle and AC Ventures.

Nestasia Funding News - Nestasia, a lifestyle and home décor brand, secured $8.35 million in a new funding round from Susquehanna Asia VC, Stellaris Venture Partners, and angel investors.

Supersquad Funding News - Supersquad, a startup that specializes in creator monetization, has secured Rs 2.1 crore in a funding round that was spearheaded by WLDD. Nitin Rajput and Jivraj Singh Sachar, angel investors, also contributed to the round.

AppsForBharat Funding News - AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $17.8 million in its Series B funding round, which was led by Fundamentum.

Arnya Real Estate Funding News - Arnya Realestates Fund Advisors, an alternative investment management firm, has successfully closed the first close of its Rs 1,000-crore maiden debt fund, raising Rs 375 crore.

9 September 2024 - Funding News

Transcell Biologics Funding News - Quantiphi and IAN Group, both of Boston, have invested an undisclosed sum in Transcell Biologics, a biotechnology company.

5 September 2024 - Funding News

Nautical Wings Funding News - Nautical Wings Aerospace Raises Pre-Series A Funding

Rapido Funding News - Rapido Secures $200 Mn Funding Round from WestBridge

4 September 2024 - Funding News

Sunsure Energy Funding News - Sunsure Energy Secures Rs 226 Cr Long Term Debt Funding

Spolto Funding News - Sports-tech Startup Spolto Secures $1 Mn in Seed Funding Round

Valyx  Funding News - Valyx Raises $800K Pre-Seed Funding Round Led by Huddle Ventures and Waveform Ventures

3 September 2024 - Funding News

Mytek Innovations Funding News - Infratech Startup Mytek Innovations Secures Rs 6 Cr Debt in Funding

Plan B Funding News - Kids Innerwear Brand Plan B Secures Funding from JIIF, Others

Theater Funding News - Theater Secures $1.5 Mn Pre-Series A Funding Round

2 September 2024 Monday - Latest Funding News in India

Mintifi Funding News - Mintifi a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.

Clean Electric Funding News - Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.