About RedCarpetUp
RedCarpetUp is a company based in Gurugram (India) founded in 2013 by Sandeep Srinivasa and Kartik Venkataraman.. RedCarpetUp has raised $10.79 million across 6 funding rounds from investors including Lightspeed Venture Partners, T-Hub and Lightspeed India. RedCarpetUp operates in a competitive market with competitors including Simpl, Snapmint, Paytail, Flexmoney and Galaxycard, among others.
- Headquarter Gurugram, India
- Founders Sandeep Srinivasa, Kartik Venkataraman
- Stage Minicorn
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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 Redcarpet Tech Private Limited
- Date of Incorporation 14 May, 2016
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$155.47 K (USD)-73.67as on Mar 31, 2023
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Net Profit
$-781.09 K (USD)39.21as on Mar 31, 2023
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EBITDA
$-471.85 K (USD)62.71as on Mar 31, 2023
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Total Equity Funding
$10.79 M (USD)
in 6 rounds
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Latest Funding Round
$3.81 M (USD), Series A
Jan 25, 2019
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Investors
Lightspeed Venture Partners
& 22 more
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Employee Count
Employee Count
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Funding Insights of RedCarpetUp
RedCarpetUp has successfully raised a total of $10.79M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $3.81 million completed in January 2019. 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 6
- Last Round Series A — $3.8M
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First Round
First Round
(01 Jun 2015)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series A - RedCarpetUp | Valuation | Lightspeed India | |
| Jun, 2017 | Amount | Series A - RedCarpetUp | Valuation | Lightspeed India | |
| Mar, 2017 | Amount | Seed - RedCarpetUp | Valuation | T-Hub |
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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 |
Investors in RedCarpetUp
RedCarpetUp has secured backing from 23 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, T-Hub and Lightspeed India. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative startups across technology sectors.
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Founded Year | Domain | Location | |
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Innovation hub connecting startups, corporates, and partners in technology and ecosystem development.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RedCarpetUp
| 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 - RedCarpetUp
| 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 |
Redcarpetup Comparisons
Competitors of RedCarpetUp
RedCarpetUp 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 Simpl, Snapmint, Paytail, Flexmoney and Galaxycard, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform for purchase financing is provided by Simpl.
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| domain | founded_year | HQ Location |
No-credit-card EMI solutions for online purchases are provided.
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| domain | founded_year | HQ Location |
Finance and e-commerce solutions are enabled via instant EMI loans.
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| domain | founded_year | HQ Location |
Purchase loans for point-of-sale financing are offered to consumers.
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| domain | founded_year | HQ Location |
Smartphone-linked credit cards are issued for consumer payments.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Redcarpetup
Frequently Asked Questions about RedCarpetUp
When was RedCarpetUp founded?
RedCarpetUp was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is RedCarpetUp located?
RedCarpetUp is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of RedCarpetUp?
Kartik Venkataraman is the current CEO of RedCarpetUp. They have also founded this company.
Is RedCarpetUp a funded company?
RedCarpetUp is a funded company, having raised a total of $10.79M across 6 funding rounds to date.
What is the annual revenue of RedCarpetUp?
Annual revenue of RedCarpetUp is $155.47K as on Mar 31, 2023.
What does RedCarpetUp do?
RedCarpetUp was established in 2013 in Gurugram, India, within the fintech sector. An online platform is operated to deliver short-term credit solutions. Credit cards are issued to individuals, while installment-based financing is facilitated for purchases conducted online and offline. Operations focus on accessible credit access in the Indian market.
Who are the top competitors of RedCarpetUp?
RedCarpetUp's top competitors include Simpl, Snapmint and Galaxycard.
Who are RedCarpetUp's investors?
RedCarpetUp has 23 investors. Key investors include Lightspeed Venture Partners, T-Hub, Lightspeed India, Moonstone Investment Management, and Y Combinator.
What is RedCarpetUp's valuation?
The valuation of RedCarpetUp is $12.59M as of Jan 2019.