RocketPay

RocketPay is a digital collections platform for lenders, NBFCs, and businesses, offering automated recurring mandate collections via UPI AutoPay and eNACH, as well as remote device-locking technology for financed assets.

₹10 CrBengaluru, India5d ago

Debt Collection & Mandate Infrastructure

No draft yetReviewing

Why now

Based on the reported round

Funding round of ₹10 Cr announced 5d ago, led by Sandeep Jain and Group.

Also backed by IPV, LetsVenture, Launch Capital and 3 more.
Reported 5d ago. The window is closing, so reach out soon.

Why it fits

Not scored against the thesis. Status: Reviewing.

Company snapshot

Funding: ₹10 Cr
Sector: Fintech · Debt Collection & Mandate Infrastructure
Location: Bengaluru, India
Business model: B2B
Founded: 2022
Website: rocketpay.co.in (opens in a new tab)

Product & traction

Product: Automated mandate collection platform via UPI AutoPay and eNACH, Account Aggregator-based recovery, and RocketPay DLC (Device Lock Controller remote device-locking software for financed devices).
Target customer: Lenders, NBFCs, microfinance institutions (NBFC-MFIs), digital lending platforms, and businesses collecting recurring payments or trade credit.
Technology: NPCI payment stacks (UPI AutoPay 2.0, eNACH), Account Aggregator infrastructure, and Trustonic Device Lock Controller (DLC) technology for OEM/device-level locking and unlocking.
Market: Indian digital collections, device financing recovery under RBI regulations, and mandate-based recurring payments.
Differentiation: Single-API integration for both UPI AutoPay and eNACH out of the box, balance-aware smart retries, Account Aggregator-based partial recovery, non-cancellable mandates, and device-level locking to keep NPAs under 1%.

Traction

Reported 10x revenue growth between FY24 and FY26
Targeting an annualized revenue run rate (ARR) of ₹100 crore (~US$13.6 million) by FY28
Serves institutional lenders with Assets Under Management (AUM) ranging from ₹300 crore to ₹16,000 crore
Total funding of $3.33M raised across multiple rounds (per Tracxn)

Customers

Founders

Arpit BajpaiCo-founder, Growth
Alumnus of IIT Bombay; 2x founder; earlier experience includes leadership roles at Nodd.
Ishan SharmaCo-founder, Product
Alumnus of IIT Bombay; previously Lead Product Manager at Khatabook.
Kishor (Kishorkumar) ChabhadiyaCo-founder & CTO
Alumnus of IIT (ISM) Dhanbad; previously Principal Software Engineer at Khatabook.
Rishav DokaniaCo-founder, Business
Alumnus of Calcutta University; 2x founder (including LocalDukan); formerly a lending consultant, consultant at Khatabook and Procuzy, and Business Head at Nodd.

Outreach recommendation

Built from the facts above, not written by a model

Key talking points

Reported 10x revenue growth between FY24 and FY26
Targeting an annualized revenue run rate (ARR) of ₹100 crore (~US$13.6 million) by FY28
Kamal Fincap

Draft readiness

No draft yet

Contact detailsNo reliable contact yet

Not searched yet

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Sources & evidenceArticles, research links and exact timestamps

Funding round · ₹10 Cr · Reviewing

Investors: Sandeep Jain and Group (lead), IPV, LetsVenture, Launch Capital, AVNM Ventures, Navyug Global Ventures, All In Capital

RocketPay raises ₹10 crore funding round led by Sandeep Jain and Group (opens in a new tab)ET Entrepreneur — Funding · published 14 Oct, 14:00 IST · first seen 14 Oct, 17:22 IST
RocketPay raises Rs 10 Cr led by Sandeep Jain and Group (opens in a new tab)Entrackr — News sitemap · published 14 Oct, 11:48 IST · first seen 14 Oct, 17:22 IST

Research sources