About Rain Platforms
Rain Platforms is a company based in Austin (United States) founded in 2018 by Harsh Agarwal and Raghu Kumar.. Rain Platforms has raised $2.01 million across 1 funding round. Rain Platforms operates in a competitive market with competitors including eToro, CommonStock, Covestor, AfterHour and dub, among others.
- Headquarter Austin, United States
- Founders Harsh Agarwal, Raghu Kumar
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$125.89 K (USD)8as on Mar 31, 2024
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Net Profit
$-660.12 K (USD)-6as on Mar 31, 2024
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EBITDA
$-657.21 K (USD)-6as on Mar 31, 2024
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Total Equity Funding
$2.01 M (USD)
in 1 rounds
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Latest Funding Round
$2.01 M (USD), Seed
Aug 14, 2023
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Investors
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Employee Count
Employee Count
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Co Team
1 people
Board Team
1 people
Product Management Team
1 people
Frontend Team
1 people
Mobile Team
1 people
Unlock access to complete
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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.0M
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First Round
First Round
(14 Aug 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Seed - Rain Platforms | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Rain Platforms
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rain Platforms
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rain Platforms Comparisons
Competitors of Rain Platforms
Rain Platforms 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 eToro, CommonStock, Covestor, AfterHour and dub, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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App-based social trading platform
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On-demand services are booked through an app-based platform.
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Rain Platforms
When was Rain Platforms founded?
Rain Platforms was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Rain Platforms located?
Rain Platforms is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Rain Platforms a funded company?
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 14, 2023.
What is the annual revenue of Rain Platforms?
Annual revenue of Rain Platforms is $125.89K as on Mar 31, 2024.
What does Rain Platforms do?
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.