instantPay offers a platform for recharges and bill payments (mobile, DTH, utilities), travel bookings and money transfers. The platform lets financial institutions and merchants provide supplementary services to up-sell and cross-sell to their customers. The company operates a network of more than 50,000 outlets across districts in India serving leading telcos and direct-to-home service providers. Launched in 2012 as a business unit of SMSdaak India Limited by Sankalp Shangari, Shailendra Agarwal and Mohammad Rehan, instantPay has expanded its consumer-service portfolio since inception. The company recently closed a pre-Series A funding round and plans to use the proceeds to hire new staff, enhance its platform, grow its consumer services portfolio and expand its presence across India.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2017