ItzCash Acquired
Mumbai-based prepaid payment instrument (PPI) and payments solutions company founded in 2005 by Naveen Surya, operating a network of 75,000+ retail outlets (branded ItzCash World) and prepaid card products across consumer, corporate and government verticals. Ebix Inc. acquired an 80% majority stake in 2017 (announced 24 May 2017), after which the business was rebranded EbixCash.
ItzCash: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 22 Jul 2009 | PE | ₹50 Cr (~$10.3 Mn) | Lightspeed Venture Partners Intel Capital Z47 | source |
| Oct 2007 ~ | PE | $10 Mn | Intel Capital Z47 | source |
Acquisitions
News on ItzCash
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Who founded ItzCash?
ItzCash was founded by Naveen Surya in 2005.
How much funding has ItzCash raised?
ItzCash has raised $20.32 Mn across 2 tracked funding round(s), most recently on 2009-07-22. Figures are compiled from cited public sources.
Who are the investors in ItzCash?
Investors in ItzCash include Lightspeed Venture Partners, Intel Capital, Z47.
What does ItzCash do?
Mumbai-based prepaid payment instrument (PPI) and payments solutions company founded in 2005 by Naveen Surya, operating a network of 75,000+ retail outlets (branded ItzCash World) and prepaid card products across consumer, corporate and government verticals. Ebix Inc. acquired an 80% majority stake in 2017 (announced…
Where is ItzCash headquartered?
ItzCash is headquartered in Mumbai, Maharashtra, India.
What is ItzCash's business model?
ItzCash's core value proposition centers on Largest non-bank prepaid payment instrument (PPI) in India.
How does ItzCash make money?
ItzCash's cited revenue streams include Multi-vertical prepaid card products.