About Rain Platforms
Rain Platforms is a Financial Services company based in Austin (United States) founded in 2018 by Harsh Agarwal and Raghu Kumar. Automated social investing and trading platform is provided for users. It operates in the Financial Services and Technology sectors. Rain Platforms has raised $2.01 million across 1 funding round. Its Indian entity Tlx Labs India Private Limited reported revenue of ₹1.60 Cr. Its focus areas include FinTech, Investment Tech, Online Trading Platforms and Stocks. Its competitors include CommonStock, AfterHour and dub; 3 of its 3 listed competitors have raised funding.
Company details
Rain Platforms was founded in 2018 in Austin, United States, within the fintech sector. A platform is operated that enables users to follow other traders for social investing and automated trading. Insights and strategies are offered across discretionary, algorithmic, equity, derivatives, and short-term approaches. Operations focus on facilitating user-driven investment decisions through shared trading activities.
- Headquarters Austin, United States
- Founders Harsh Agarwal, Raghu Kumar
- SectorsFinancial ServicesTechnology
- Website rainplatforms.com
- Social LinkedIn
- Legal Name Tlx Labs India Private Limited
- Date of Incorporation 02 May, 2022
- Indian entity revenue₹1.60 Cr
FY 2025 · +54% YoY
- Indian entity net loss-₹2.35 Cr
FY 2025 · -147% margin
- Indian entity EBITDA-₹2.30 Cr
FY 2025 · -143% margin
- Total Equity Funding$2.01M (USD)
in 1 rounds
- Latest Funding Round$2.01M (USD), Seed
Aug 2023
Associated legal entities of Rain Platforms
Rain Platforms operates through Tlx Labs India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tlx Labs India Private Limited CIN U67190KA2022FTC160790 | Active | 02 May 2022 | Bangalore, Karnataka | ₹1.6 Cr | 4 | View details |
Funding Insights of Rain Platforms
Rain Platforms has successfully raised a total of $2.01M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.01 million 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.
- Total Funding $2.01M
- Total Rounds 1
- Last Round Seed — $2.01M
- First Round $2.01M
(Aug 2023)
All 1 funding rounds of Rain Platforms 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 |
|---|---|---|---|---|---|
| Aug 2023 | $2.01M | Seed | – | – | – |
Board of directors of Tlx Labs India Private Limited (Rain Platforms)
Tlx Labs India Private Limited is the primary company behind Rain Platforms. The board of Tlx Labs India Private Limited currently have 3 directors; the longest-serving is Raghu Nathan Kumar, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raghu Nathan Kumar DIN 02499578 | Director | 02 May 2022 | 4 yrs 6 mo | Tlx Labs India Private Limited |
| Mycherla Vamsi Mohana DIN 08897141 | Director | 19 Jul 2025 | 1 yr 3 mo | Tlx Labs India Private Limited |
| Ruman Jidda DIN 11317884 | Director | 26 Sep 2025 | 1 yr 1 mo | Tlx Labs India Private Limited |
People of Rain Platforms
6 people are tracked at Rain Platforms (3 in leadership, 1 in board & advisors, 2 in team).
| Name | Role | Group |
|---|---|---|
Harsh Agarwal | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Lakshmeesh Rao | Head of Product | Leadership |
Kanishk Agarwal | Board Member | Board & advisors |
Harsh Lohia | Frontend Engineer | Team |
Aikansh Boyal | Mobile Developer | Team |
Complete people profiles for Rain Platforms
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Rain Platforms
Figures of Tlx Labs India Private Limited, the primary company behind Rain Platforms, for FY 2025. Revenue was ₹1.60 Cr (+54% year on year). Net loss was -₹2.35 Cr (-147% margin). EBITDA was -₹2.30 Cr (-143% margin).
- ₹1.60 CrRevenue · FY 2025 · +54% YoY
- -₹2.35 CrNet loss · -147% margin
- -₹2.30 CrEBITDA · -143% margin
- ₹16.27 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Tlx Labs India Private Limited are on its company page.
Detailed financial statements for Rain Platforms
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Rain Platforms
2 dated milestones of Rain Platforms across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Rain Platforms is founded.
- Funding First funding round of $2.0M.
Competitors of Rain Platforms
Rain Platforms has 3 listed competitors in our database, 3 of them funded. They include CommonStock, AfterHour and dub.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| commonstock.com | 2001 | San Francisco, United States | $36.5M | Platform to invest in stock market in a group | ||
| afterhour.com | 2022 | San Francisco, United States | $4.5M | 5 | App-based social trading platform | |
| dubapp.com | 2021 | New York, United States | $45M | Online platform for portfolio management |
Detailed competitors of Rain Platforms
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Cryptocurrencies
3 companies that operate in the same segment as Rain Platforms (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Related news about Rain Platforms
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Frequently Asked Questions about Rain Platforms
Rain Platforms was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Rain Platforms is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Rain Platforms is a funded company, having raised a total of $2.01M across 1 funding round to date. The company's 1st funding round was a Seed of $2.01M, raised on Aug 2023.
The primary company behind Rain Platforms, Tlx Labs India Private Limited, reported revenue of ₹1.60 Cr for FY 2025, up 54% year on year.
Rain Platforms was founded in 2018 in Austin, United States, within the fintech sector. A platform is operated that enables users to follow other traders for social investing and automated trading. Insights and strategies are offered across discretionary, algorithmic, equity, derivatives, and short-term approaches. Operations focus on facilitating user-driven investment decisions through shared trading activities.
Rain Platforms's top competitors include dub, AfterHour and CommonStock.
Rain Platforms operates through Tlx Labs India Private Limited.
The legal entities of Rain Platforms currently have 4 directors, including Raghu Nathan Kumar, Mycherla Vamsi Mohana, Ruman Jidda and others.