Citrus Pay Acquired
Citrus Pay (Citrus Payment Solutions) was a Mumbai-based online payments company founded in 2011 by Jitendra Gupta and Satyen Kothari. It offered a payment gateway that routed transactions across multiple partner gateways to cut failure rates, plus consumer wallet/checkout products (Citrus Checkout, Citrus Cash, Citrus Cube). Amrish Rau joined as Managing Director. Citrus Pay was acquired by PayU India in…
Citrus Pay: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 19 Oct 2015 | Series C | $25 Mn | Ascent Capital Sequoia Capital Beenos eContext Asia | source |
| 20 Dec 2013 | Series B | $5.5 Mn | Beenos eContext Asia Sequoia Capital | source |
| 20 Mar 2013 | Series A | $2 Mn | Sequoia Capital | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 14 Sep 2016 | PayU India | Citrus Pay | $130 Mn | source |
| 21 Oct 2015 | Citrus Pay | Zwitch Payments | Undisclosed | source |
News on Citrus Pay
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Who founded Citrus Pay?
Citrus Pay was founded by Jitendra Gupta, Satyen Kothari, Amrish Rau in 2011.
How much funding has Citrus Pay raised?
Citrus Pay has raised $32.5 Mn across 3 tracked funding round(s), most recently on 2015-10-19. Figures are compiled from cited public sources.
Who are the investors in Citrus Pay?
Investors in Citrus Pay include Ascent Capital, Sequoia Capital, Beenos, eContext Asia.
What does Citrus Pay do?
Citrus Pay (Citrus Payment Solutions) was a Mumbai-based online payments company founded in 2011 by Jitendra Gupta and Satyen Kothari. It offered a payment gateway that routed transactions across multiple partner gateways to cut failure rates, plus consumer wallet/checkout products (Citrus Checkout, Citrus Cash, Citrus…
Where is Citrus Pay headquartered?
Citrus Pay is headquartered in Mumbai, Maharashtra, India.
What is Citrus Pay's business model?
Citrus Pay's core value proposition centers on Multi-gateway routing to cut payment failures, Speed of checkout as core differentiator.
How does Citrus Pay make money?
Citrus Pay's cited revenue streams include Per-transaction merchant commission.