Bengaluru-based fintech startup Pazy has raised ₹6 crore (~$720K) in a pre-seed funding round led by Inuka Capital, with participation from Gemba Capital. The round marks a significant early validation for Pazy’s vision to become the “single operating system” for non-payroll business payments in India.
Founded in 2023 by Pratik Chhajed and Devyanshu Shukla, Pazy enables finance teams to manage vendor payments, reimbursements, and tax-related payouts — all from a unified platform. Designed with efficiency and clarity in mind, the platform reduces manual processes, minimizes errors, and boosts tax savings by optimizing input tax credit (ITC).
“We’re building a gravity product that keeps all moving parts of financial ops aligned — from invoice to input tax to payout. This funding enables us to scale to ₹10,000 crore in annual spend under management in the coming year,” said Pratik Chhajed, Co-Founder & CEO of Pazy.
Already used by leading names like Plum Insurance, Keka, Fibe, Sprinto, WhiteGold, and others, Pazy handles hundreds of crores in business payments every month across BFSI, media, retail, and manufacturing sectors.
The company claims that teams using Pazy close books 10× faster, reclaim up to 7% more in input tax credit, and achieve real-time visibility into every rupee of non-payroll spend.
The fresh capital will go toward expanding product capabilities, scaling infrastructure, and deepening integrations within India’s evolving business-finance ecosystem.
-By Muskan Dengra| Indian Startup Times
