Source Name : Loylty Rewardz

Category Name : Business and Finance

Loylty Rewardz Confirms SVB Is Not a Current Investor in the Company

Updated: 14/03/2023

Mumbai, Maharashtra, India – Business Wire India

Recent news articles suggest that Silicon Valley Bank is still an investor in LoyltyRewardz Mngt. Pvt. Ltd. among other Indian start-ups. Loylty has refuted this information stating it as outdated and inaccurate. According to LoyltyRewardz, while SVB was one of their former investors, they currently hold no stake in the company. 

“Since our foundation in 2008, we have had investors who supported our vision and growth. We are a wholly-owned subsidiary of Ltd. better known as The BillDesk Group. Our former investors, including SVB, hold no investments in the company currently. We confirm that any recent news article or press release indicating otherwise is inaccurate and hope this addresses any confusion arising thereof,” said Amresh Acharya, Managing Director & CEO of LoyltyRewardz Mngt. Pvt. Ltd.

LoyltyRewardz is one of the foremost loyalty and engagement companies that caters to some of the country’s leading banks and brands. In 2015, they were acquired by Ltd., better known as The BillDesk Group. 

About LoyltyRewardz

LoyltyRewardz is India’s premier loyalty and consumer engagement company that offers enhanced customer experiences through end-to-end loyalty solutions. Loylty is headquartered in Mumbai, with 400+ employees and a clientele of 25+ banks and 60+ brands across the country. Visit to know more.

About Billdesk Group

BillDesk is India’s leading payments solutions provider with an aim to make digital payments easy and accessible to merchants, financial institutions and governments with technology and integrated solutions. For over two decades now, BillDesk has been the driving force behind digital payments and digital commerce in India. Visit to know more.

Source: PR article on

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.)

Media contact details:

Mr. Vivek Vinayak Charde (Chief Marketing & Experience Officer), LoyltyRewardz,, +91 (22) 61611753