Founded in 2021 by Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande and based in Bengaluru, PayGlocal offers RBI-authorised cross-border payments infrastructure for Indian businesses. Its product suite includes a payment gateway, multi-currency collection, export documentation, fraud prevention, and settlement services serving exporters, SaaS firms, D2C brands, marketplaces, and freelancers. The company reported operating revenue of Rs 25.11 crore in FY25, more than double FY24's Rs 12.20 crore, while narrowing losses to Rs 14 crore in FY25 from Rs 15.31 crore. Prior funding totaled about $17 million, including a $12 million Series B led by Tiger Global with participation from Sequoia Capital India (now Peak XV) and BEENEXT. Peak XV, BEENEXT, and Tiger Global are among its key investors, and after the most recent CCPS allotment Peak XV remains the largest external shareholder. The company has completed a fresh capital infusion via CCPS from BEENEXT, reflecting a higher valuation compared with its prior round.

Total raised

$16M

Funding rounds

2

Latest round

Preferred

Latest activity

Aug 2026