About Multipl
Multipl is a Technology company based in Bengaluru (India) founded in 2020 by Jags Raghavan, Vikas Jain, and Paddy Raghavan. Goal-based savings are enabled for individuals via auto-investments. Multipl has raised $5.95 million across 7 funding rounds from investors including Kotak Securities, YourStory and Blume Ventures. The company has 49 employees. Multipl was last valued at $10.47 million in July 2024. Its chief executive, as recorded, is Paddy Raghavan. Its website multipl.in draws about 250 thousand monthly visits. Its Indian entity Multipl Fintech Solutions Private Limited reported revenue of ₹77.4 Lakh. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Savings Platforms. Its competitors include Tortoise and investu; 1 of its 2 listed competitors has raised funding.
Company details
Multipl was established in 2020 in Bengaluru, India, as a fintech platform focused on goal-based savings for individuals. Monthly goals are set by users to automate investments, with options to select co-branded partners for savings. Funds can be redeemed directly from brands or withdrawn along with accrued returns. Operations center on personal finance management in the Indian market, supporting structured saving habits.
- Headquarters Bengaluru, India
- Employees 49
- Founders Jags Raghavan, Vikas Jain, Paddy Raghavan
- Stage Minicorn
- SectorsTechnology
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website multipl.in
- Social LinkedIn X Facebook
- Legal Name Multipl Fintech Solutions Private Limited
- Date of Incorporation 12 Sep, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹77.4 Lakh
FY 2024 · 0% YoY
- Net Loss-₹13.13 Cr
FY 2024 · -1696% margin
- EBITDA-₹9.38 Cr
FY 2024 · -1211% margin
- Total Equity Funding$5.95M (USD)
in 7 rounds
- Latest Funding Round$295.33K (USD), Seed
Dec 2025
- InvestorsKotak Securities
& 57 more
- Employee Count49
Associated legal entities of Multipl
Multipl is associated with 2 registered companies on The Company Check; the primary company is Multipl Fintech Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Multipl Fintech Solutions Private Limited CIN U72900KA2020PTC138526 | Active | 12 Sep 2020 | Bangalore, Karnataka | ₹0.8 Cr | 49 | 3 | View details |
| Multipl Wealth Management Private Limited CIN U67100KA2019PTC130994 | Active | 25 Dec 2019 | Bangalore, Karnataka | ₹0.5 Cr | 3 | View details |
Funding Insights of Multipl
Multipl has successfully raised a total of $5.95M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $295.33 thousand completed in December 2025. 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.
- Total Funding $5.95M
- Total Rounds 7
- Last Round Seed — $295,332
- First Round $567,536
(Dec 2020)
- Investors Count 58
All 7 funding rounds of Multipl with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2025 | $295,332 | Seed | – | ICMG Group | |
| Jun 2025 | $198,569 | Seed | – | – | |
| Jul 2024 | $1.5M | Seed | $10.47M | Blume Ventures, MIXI Global Investments | |
| May 2022 | $3.06M | Seed | $9.63M | Blume Ventures | |
| Feb 2022 | $109,828 | Seed | – | – | |
| Apr 2021 | $225,236 | Seed | $••••• | Chakradhar Gade, Harish Narayanan | |
| Dec 2020 | $567,536 | Angel Round | – | Padmapriya Srirangarajan |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $10.47M | •••••••• |
| May 2022 | $9.63M | •••••••• |
| Apr 2021 | $••••• | •••••••• |
Full valuation and stage history of Multipl
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $10.47M (Jul 2024). 58 investors in total: 12 institutional and 46 angel.
Investors in Multipl
Multipl has secured backing from 58 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Kotak Securities, YourStory and Blume Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Corporate venture capital firm that invests in startups | mixiglobalinv.com | Shibuya, Japan | ||
Early-stage investments in fintech are targeted by IIFL Fintech Fund. | iiflfintechfund.tcc.mode | |||
Early-stage investments are made in B2B and deep-tech startups. | growx.vc | Delhi, India | ||
Venture capital funding is provided to innovative startups in India. | qedinnovationlabs.tcc.mode | Mumbai, India | ||
Early-stage VR/AR startups are funded by GFR Fund. | gfrfund.com | San Francisco, United States | ||
| 888vc.co | ||||
Online platform for stock trading, mutual funds, and investment tools. | 1994 | kotaksecurities.com | Mumbai, India | |
Venture capital fund focused on energy tech and multiple sectors | qedinnovation.tcc.mode | Mumbai, India | ||
Provider of a digital media platform that tells stories about startups, entrepreneurship, and innovations | 2008 | yourstory.com | Bengaluru, India |
Investor details for Multipl
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Board of directors of Multipl Fintech Solutions Private Limited (Multipl)
Multipl Fintech Solutions Private Limited is the primary company behind Multipl. The boards of the 2 registered companies of Multipl currently have 3 directors; the longest-serving is Padmanabhan Raghavan, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Padmanabhan Raghavan DIN 02209280 | Director | 12 Sep 2020 | 6 yrs 1 mo | Multipl Fintech Solutions Private Limited, Multipl Wealth Management Private Limited |
| Jagannathan Raghavan DIN 06437953 | Director | 12 Sep 2020 | 6 yrs 1 mo | Multipl Fintech Solutions Private Limited, Multipl Wealth Management Private Limited |
| Vikas Subodh Jain DIN 08649177 | Director | 12 Sep 2020 | 6 yrs 1 mo | Multipl Fintech Solutions Private Limited, Multipl Wealth Management Private Limited |
People of Multipl
3 people are tracked at Multipl (3 in leadership); the tracked headcount is 49.
| Name | Role | Group |
|---|---|---|
Jags Raghavan | Co-Founder & COO | Leadership |
| Co-Founder | Leadership | |
Paddy Raghavan | Co-Founder & CEO | Leadership |
Complete people profiles for Multipl
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Financials of Multipl
Figures of Multipl Fintech Solutions Private Limited, the primary company behind Multipl, for FY 2024. Revenue was ₹77.4 Lakh (0% year on year). Net loss was -₹13.13 Cr (-1696% margin). EBITDA was -₹9.38 Cr (-1211% margin).
- ₹77.4 LakhRevenue · FY 2024 · 0% YoY
- -₹13.13 CrNet loss · -1696% margin
- -₹9.38 CrEBITDA · -1211% margin
- ₹1.59 CrPaid-up capital
- 49Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Multipl Fintech Solutions Private Limited are on its company page.
Detailed financial statements for Multipl
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Multipl
4 dated milestones of Multipl across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Multipl is founded.
- Funding First funding round of $568K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $295K.
Competitors of Multipl
Multipl has 2 listed competitors in our database, 1 of them funded. They include Tortoise and investu.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tortoise.pro | 2020 | Bengaluru, India | $2.7M | Employee device leasing and benefit management solutions are provided. | ||
| investu.in | 2015 | Delhi, India | An online platform for goal-based investment services for individuals. |
Detailed competitors of Multipl
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Web traffic of Multipl
The website of Multipl (multipl.in) receives about 249.7K visits a month and ranks #235,058 among all websites worldwide, #2,517 in Investing.
- Monthly visits249.7K
▲ 11.3% vs previous month
- Unique visitors181.9K
per month
- Global rank#235,058
among all websites
- Category rank#2,517
Finance · Investing
- Bounce rate80%
- Pages per visit1.4
- Average visit32 sec
- DevicesDesktop 2% · Mobile 98%
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Multipl (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Multipl
Complete news archive for Multipl
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Frequently Asked Questions about Multipl
Multipl was founded in 2020.
Multipl is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Paddy Raghavan is the CEO of Multipl, as recorded in our data. They have also founded this company.
Multipl is a funded company, having raised a total of $5.95M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $567.54K, raised on Dec 2020.
Multipl has 49 employees.
The primary company behind Multipl, Multipl Fintech Solutions Private Limited, reported revenue of ₹77.4 Lakh for FY 2024, down 0% year on year.
Multipl was established in 2020 in Bengaluru, India, as a fintech platform focused on goal-based savings for individuals. Monthly goals are set by users to automate investments, with options to select co-branded partners for savings. Funds can be redeemed directly from brands or withdrawn along with accrued returns. Operations center on personal finance management in the Indian market, supporting structured saving habits.
Multipl has 58 investors. Key investors include Kotak Securities, YourStory, Blume Ventures, MIXI Global Investments, and Paddy Raghavan.
The valuation of Multipl is $10.47M as of Jul 2024.
Multipl is associated with 2 legal entities: Multipl Fintech Solutions Private Limited, Multipl Wealth Management Private Limited.
The legal entities of Multipl currently have 3 directors, including Padmanabhan Raghavan, Jagannathan Raghavan, Vikas Subodh Jain.