LotusPay YC Application

Summer 2017Acquired

LotusPay went through Y Combinator in the Summer 2017 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2017
Industry: FintechPayments
Team size: 5
Status: Acquired
Launched: 2017

Founders

Atma KrishnaFounder/CEO
Dinesh GadgeFounder
Anand KrishnaFounder

What LotusPay does

LotusPay was acquired by Juspay in Jan 2024. LotusPay is the recurring payments solution for businesses in India. We enable our clients to quickly and easily collect payments directly from their user's bank accounts via paperless NACH Debit. LotusPay is perfect for collecting loan repayments, membership fees, subscription and billing, recurring donations, tuition fees - any kind of regular or irregular payment, be it a fixed amount or variable amount. LotusPay is backed by Y Combinator.

LotusPay's YC application, reconstructed

Y Combinator application

LotusPay, Summer 2017 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

LotusPay

Describe what your company does in 50 characters or less.

Recurring payments solution for businesses

What is your company going to make? Please describe your product and what it does or will do.

We built LotusPay to help Indian businesses collect recurring payments directly from their users' bank accounts using paperless NACH Debit. Our platform handles loan repayments, subscriptions, membership fees, and irregular payments with fixed or variable amounts. It simplifies the complex, manual collection process that most Indian businesses face today.

Where do you live now, and where would the company be based after YC?

We live and are based in Bengaluru, Karnataka, India, and the company will remain based here after YC.

Explain your decision regarding location.

Bengaluru has the fintech talent and customers we need. Staying here keeps us close to our users and partners in India's recurring payments ecosystem.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real LotusPay YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from LotusPay's public data (launch notes, founder backgrounds, product description). It shows how a company like LotusPay would present itself to YC, not the text they submitted.