About Cheq UPI
Cheq UPI is a company based in Bengaluru (India) founded in 2021 by Manish Shukla and Sudhanshu Shekhar. It operates as a FinTech. Cheq UPI has raised $10.81 million across 3 funding rounds from investors including Angel List, 3one4 Capital and Venture Highway VC. The company has 1 employees as of April 08, 2024. Cheq UPI offers products and services including Tourist Wallet. Cheq UPI operates in a competitive market with competitors including Paytm, PhonePe, MobiKwik, FreeCharge and MoneyGram, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 08 Apr, 2024
- Founders Manish Shukla, Sudhanshu Shekhar
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Terrafin Solutions Private Limited
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
Not available
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Net Profit
-$85.21 K (USD)0as on Mar 31, 2022
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EBITDA
-$65.53 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$10.81 M (USD)
in 3 rounds
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Latest Funding Round
$500 K (USD), Seed
Aug 23, 2023
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Investors
Angel List
& 6 more
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Employee Count
1
as on Apr 08, 2024
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Products & Services of Cheq UPI
Cheq UPI offers a comprehensive portfolio of products and services, including Tourist Wallet.
Digital wallet for tourists to pay across India.
Funding Insights of Cheq UPI
Cheq UPI has successfully raised a total of $10.81M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Cheq UPI
Cheq UPI has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Angel List, 3one4 Capital and Venture Highway VC.
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Early-stage startups are accelerated via funding and educational programs.
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Early-stage investments are made in fintech, retail, and healthtech sectors.
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Investor details for Cheq UPI
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Investments & Acquisitions by Cheq UPI
Investment portfolio details for Cheq UPI
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Financial Statements - Cheq UPI
Detailed financials for Cheq UPI
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Cheq Upi Comparisons
Peer comparison for Cheq UPI
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Competitors of Cheq UPI
Cheq UPI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Paytm, PhonePe, MobiKwik, FreeCharge and MoneyGram, among others.
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Digital payments, financial services, and e-commerce platforms are provided.
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Payment, financial, investment, and lending services are provided digitally.
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Operator of platform for online mobile, DTH recharge, and bill payments
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Digital wallet services for bill payments and recharges are facilitated.
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Cross-border payments are enabled via wallet solutions for consumers.
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Wallet-based payment solutions are provided for consumers and businesses.
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Detailed competitors of Cheq UPI
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Latest news on Cheq Upi
Complete news archive for Cheq UPI
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Frequently Asked Questions about Cheq UPI
Cheq UPI was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Cheq UPI is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sudhanshu Shekhar is the current CEO of Cheq UPI. They have also founded this company.
Cheq UPI is a funded company, having raised a total of $10.81M across 3 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Cheq UPI is 1.
Digital payment solutions are offered by Cheq UPI for foreign tourists and NRIs visiting India. The service operates through a UPI-powered INR wallet, enabling seamless transactions at over 55 million merchants across the country. Funds can be added using international debit or credit cards, and payments are facilitated both online and offline. The platform is designed to enhance travel convenience by reducing the need for cash and avoiding ATM withdrawal fees. Security measures, including data encryption and two-factor authentication, are implemented to protect users. The service targets citizens of G20 nations and non-resident Indians, focusing on the tourism and fintech sectors.
Cheq UPI offers Tourist Wallet.
Cheq UPI has 7 investors. Key investors include Angel List, 3one4 Capital, Venture Highway VC, Multiply Ventures, and Mars Shot Ventures.