Vegapay
Mumbai, IN · Founded 2022 · 115 employees on LinkedIn · 4 known investors
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Vegapay provides an API-first, cloud-native banking technology platform that lets banks and lenders build and launch products such as credit lines and credit cards on UPI, card programs (credit, prepaid, forex, debit), and lending tech for loan origination, management, and collections. Its suite also includes back-office portals, rewards and loyalty engines, and white-label apps for financial institutions.
Founders & leadership
Vegapay was founded in 2022 by Himanshu Agrawal, Puneet Sharma, and Gaurav Mittal.

Investors · 4
How we know: Elevation Capital's portfolio page · funding news · entrackr.com · Not right? Tell us
How we know: Eximius Ventures's portfolio page · funding news · indianstartupnews.com · Not right? Tell us
How we know: Upsparks Capital's portfolio page · funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
Funding
SEC filings, press & company announcements$5.5M disclosed across 1 of 3 rounds · 2023–2024
- $5.5MraisedMay 2024 · 3 sources
Elevation Capital (lead), Eximius Ventures (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
Frequently asked questions
- What does Vegapay do?
- Vegapay provides an API-first, cloud-native banking technology platform that lets banks and lenders build and launch products such as credit lines and credit cards on UPI, card programs (credit, prepaid, forex, debit), and lending tech for loan origination, management, and collections. Its suite also includes back-office portals, rewards and loyalty engines, and white-label apps for financial institutions.
- Who founded Vegapay?
- Vegapay was founded by Himanshu Agrawal, Puneet Sharma, Gaurav Mittal in 2022.
- Who are Vegapay's investors?
- Vegapay's investors include Elevation Capital, Eximius Ventures, Upsparks Capital, Climber Capital.
- How much funding has Vegapay raised?
- Vegapay has disclosed $5.5M raised across 1 of its 3 known rounds.
- Where is Vegapay headquartered?
- Vegapay is headquartered in Mumbai, IN.




