About QuiD
QuiD is a Financial Services company based in Bengaluru (India) founded in 2023 by Subhash Gupta and Vikram AG. Provider of supply chain finance and invoice financing for B2B transactions. QuiD has raised $5.1 million across 2 funding rounds from investors including Piyush Jain, Mint Cap Enterprises and StonePark Capital. The company has 1 employees. QuiD offers products and services including Supply Chain Finance, Invoice Financing, Blockchain Retailer Scoring, and Analytics Solutions. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its legal entity in India is Quid Social Private Limited (U66190KA2022PTC159801). Its competitors include KredX, Vayana and Cashflo; 3 of its 3 listed competitors have raised funding.
Company details
QuiD was founded in 2023 in Bengaluru, India, within the fintech sector focused on supply chain solutions. Invoice financing and credit lines for buyers are offered to facilitate B2B transactions. Upfront payments on invoices are enabled, alongside blockchain-based retailer scoring and analytics dashboards for performance monitoring. Financial technology products are extended to brands, manufacturers, distributors, and retailers across operations.
- Headquarters Bengaluru, India
- Employees 1
- Founders Subhash Gupta, Vikram AG
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website quidcash.in
- Social LinkedIn Facebook
- Legal Name Quid Social Private Limited
- Date of Incorporation 08 Apr, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹31,375
FY 2024 · +38% YoY
- Net Loss-₹41.7 Lakh
FY 2024 · -13287% margin
- EBITDA-₹41.7 Lakh
FY 2024 · -13287% margin
- Total Equity Funding$5.1M (USD)
in 2 rounds
- Latest Funding Round$4.5M (USD), Seed
Dec 2024
- InvestorsStonePark Capital
& 4 more
- Employee Count1
Associated legal entities of QuiD
QuiD operates through Quid Social Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Quid Social Private Limited CIN U66190KA2022PTC159801 | Active | 08 Apr 2022 | Bangalore, Karnataka | ₹0.0 Cr | 52 | 2 | View details |
Products & Services of QuiD
QuiD offers a comprehensive portfolio of products and services, including Supply Chain Finance, Invoice Financing, Blockchain Retailer Scoring, and Analytics Solutions.
Provides line of credit to buyers with upfront payments for suppliers.
Offers upfront funds on invoices to ensure business cash flow.
Evaluates retailer risk profiles using blockchain technology.
Delivers insights on payments, invoices, and business performance.
Funding Insights of QuiD
QuiD has successfully raised a total of $5.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.5 million completed in December 2024. 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 $5.1M
- Total Rounds 2
- Last Round Seed — $4.5M
- First Round $602,295
(Feb 2024)
- Investors Count 5
All 2 funding rounds of QuiD 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 2024 | $4.5M | Seed | – | – | |
| Feb 2024 | $602,295 | Seed | – | Mint Cap Enterprises |
5 investors in total: 3 institutional and 2 angel.
Investors in QuiD
QuiD has secured backing from 5 investors, including angel and venture fund investors. Prominent investors backing the company include Piyush Jain, Mint Cap Enterprises and StonePark Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
StonePark Capital is focused on hospitality development and acquisitions. | stoneparkcapital.com | Santa Barbara, United States | ||
Pre-seed and seed-stage investments are made across multiple sectors. | dexter.ventures | Mumbai, India | ||
PJ Piyush Jain | Co-founder of Sirona Hygiene, active angel investor in Indian startups | unknown_cdef9a67e2b64add8 | ||
SK Sushant Kumar | unknown_c6a9bf7163764000b |
Investor details for QuiD
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Quid Social Private Limited (QuiD)
Quid Social Private Limited is the primary company behind QuiD. The board of Quid Social Private Limited currently have 2 directors; the longest-serving is Vikram Amargoal Gururajachar, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikram Amargoal Gururajachar DIN 03353293 | Director | 08 Apr 2022 | 4 yrs 7 mo | Quid Social Private Limited |
| Subhash Gupta DIN 10072953 | Director | 04 Apr 2024 | 2 yrs 7 mo | Quid Social Private Limited |
People of QuiD
2 people are tracked at QuiD (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Vikram AG | Co-Founder | Leadership |
Complete people profiles for QuiD
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Financials of QuiD
Figures of Quid Social Private Limited, the primary company behind QuiD, for FY 2024. Revenue was ₹31,375 (+38% year on year). Net loss was -₹41.7 Lakh (-13287% margin). EBITDA was -₹41.7 Lakh (-13287% margin).
- ₹31,375Revenue · FY 2024 · +38% YoY
- -₹41.7 LakhNet loss · -13287% margin
- -₹41.7 LakhEBITDA · -13287% margin
- ₹1.5 LakhPaid-up capital
- 52Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Quid Social Private Limited are on its company page.
Detailed financial statements for QuiD
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of QuiD
3 dated milestones of QuiD across 1 years, from founding to its latest funding, stage changes and deals.
- Founded QuiD is founded.
- Funding First funding round of $602K.
- Funding Latest funding round, Seed, of $4.5M.
Competitors of QuiD
QuiD has 3 listed competitors in our database, 3 of them funded. They include KredX, Vayana and Cashflo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kredx.com | 2015 | Bengaluru, India | $33.03M | 69 | Supply chain finance solutions and automation tools are provided. | |
| vayana.com | 2009 | Pune, India | $91.94M | Platform for trade credit and supply chain finance is provided. | ||
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software |
Detailed competitors of QuiD
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Web traffic of QuiD
The website of QuiD (quidcash.in) receives about 1.9K visits a month.
- Monthly visits1.9K
▼ 13.9% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as QuiD (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Quid
Complete news archive for QuiD
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Frequently Asked Questions about QuiD
QuiD was founded in 2023 and raised its 1st funding round 1 year after it was founded.
QuiD is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
QuiD is a funded company, having raised a total of $5.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $602.3K, raised on Feb 2024.
QuiD has 1 employees.
The primary company behind QuiD, Quid Social Private Limited, reported revenue of ₹31,375 for FY 2024, up 38% year on year.
QuiD was founded in 2023 in Bengaluru, India, within the fintech sector focused on supply chain solutions. Invoice financing and credit lines for buyers are offered to facilitate B2B transactions. Upfront payments on invoices are enabled, alongside blockchain-based retailer scoring and analytics dashboards for performance monitoring. Financial technology products are extended to brands, manufacturers, distributors, and retailers across operations.
QuiD offers Supply Chain Finance, Invoice Financing, Blockchain Retailer Scoring, and Analytics Solutions.
QuiD has 5 investors. Key investors include Piyush Jain, Mint Cap Enterprises, StonePark Capital, Sushant Kumar, and Dexter Ventures.
QuiD operates through Quid Social Private Limited.
The legal entities of QuiD currently have 2 directors, including Vikram Amargoal Gururajachar, Subhash Gupta.