MyPoolin

MyPoolin was established in India in 2014 by Rohit Taneja and Ankit Singh as a service for collecting and settling money among groups. The founders initially developed the concept as a web application, seeking to reduce the friction involved when friends or acquaintances shared costs for activities and events. The early product focused on aggregating contributions for purposes such as entertainment, travel, celebrations, and gifts. The service later expanded into a mobile application. Users could create accounts by confirming a one-time password sent to their mobile phones and transfer money to other users through mobile numbers. The application also included functionality for tracking activity involving friends, giving it a social component in addition to its payment capabilities. With the adoption of India's Unified Payments Interface, MyPoolin could support digital collection and settlement of everyday shared expenses. Its use cases included splitting the cost of movies, parties, concerts, vacations, and other group activities. Funds collected through the platform could reportedly be redeemed through online shopping vouchers, an offline debit card, or wire transfer. This combination made MyPoolin more than a simple transfer utility: it operated as a group-payment, expense-coordination, and redemption platform aimed particularly at urban Indian users. The startup received seed investment from angel investors and obtained further backing after winning Qualcomm Ventures' QPrize in 2015. The award was associated with jointly provided funding of $250,000. MyPoolin also reported early commercial and user traction. Its web application generated INR 10 lakhs in revenue during its first four months, and its Android application entered the top ten free applications in its category within five days of release. Recognition followed through startup competitions and ecosystem showcases: the company was named among the top 50 startups at the Echelon Asia Summit in Singapore and among the top three participants in the 1776 Cup Challenge in 2016. Media references included The Economic Times, The Hindu Business Line, and Digit magazine, while Apple reportedly featured the application in India. The available account documents the company's founding, product model, early traction, and startup recognition but does not provide reliable information about later product development, subsequent financing, acquisition, ownership, leadership changes, or current availability. The present status of the brand therefore remains unconfirmed.

• 2016

  MyPoolin reaches the top three in the 1776 Cup Challenge

  [1]MyPoolinen.wikipedia.org

  The company was reported among the top three startups in the 1776 Cup Challenge.

• 2015

  MyPoolin wins the QPrize

  [1]MyPoolinen.wikipedia.org

  The startup won Qualcomm Ventures' QPrize and jointly received $250,000 in additional funding, as reported in the reference material.

• 2014

  MyPoolin is founded

  [1]MyPoolinen.wikipedia.org

  Rohit Taneja and Ankit Singh founded MyPoolin in India to simplify the collection and settlement of shared expenses.

• The web application launches

  [1]MyPoolinen.wikipedia.org

  MyPoolin initially operated as a web application before expanding into mobile software.

A convenient Indian mobile payment service for pooling, tracking, and settling money among friends and activity groups.

• Mobile payments and group expense management

  MyPoolin mobile application

  The central MyPoolin product allowed users to register with mobile-number verification, transfer money to contacts, create shared collections, and monitor contributions for group activities. Its intended uses included everyday expense sharing as well as organized payments for movies, vacations, concerts, parties, events, and gifts. The service used India's UPI infrastructure for collection and settlement and added a social activity view showing relevant activity involving friends.

• Payment redemption

  MyPoolin redemption services

  Money collected through MyPoolin could reportedly be converted into online vouchers redeemable with participating e-commerce services, an offline debit card delivered to the user's address, or a wire transfer. These redemption options extended the platform beyond peer-to-peer collection and gave users several ways to access pooled funds.

• Expansion from web application to mobile platformProduct launch

  Background

  MyPoolin began as a web service for aggregating shared payments and later developed a mobile application to make peer-to-peer transfers and group expense management more convenient.

  Action taken

  The company released mobile software with mobile-number registration, peer transfers, group collections, and activity tracking.

  Aftermath

  The Android application reportedly reached the top ten free applications in its category within five days of launch and attracted further ecosystem recognition.

  Source

• Adoption of UPI-based payment settlementStrategy

  Background

  The service operated in India's developing digital-payments environment and needed a convenient mechanism for collecting and settling shared expenses.

  Action taken

  MyPoolin used India's Unified Payments Interface to facilitate collection and settlement between users.

  Aftermath

  UPI support aligned the product with mobile-first peer payments and its group-expense use cases, although later operating results are not documented in the available material.

  Source

1. 1MyPoolinen.wikipedia.org
2. 2MyPoolin official websitemypoolin.com