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
Not available
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People of RedCarpetUp
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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.
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.
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Early-stage startups are accelerated via funding and educational programs.
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Venture capital investing in innovative startups across technology sectors.
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Innovation hub connecting startups, corporates, and partners in technology and ecosystem development.
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Investor details for RedCarpetUp
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Investments & Acquisitions by RedCarpetUp
Investment portfolio details for RedCarpetUp
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Financial Statements - RedCarpetUp
Detailed financials for RedCarpetUp
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Redcarpetup Comparisons
Peer comparison for RedCarpetUp
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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.
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An online platform for purchase financing is provided by Simpl.
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No-credit-card EMI solutions for online purchases are provided.
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Finance and e-commerce solutions are enabled via instant EMI loans.
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Purchase loans for point-of-sale financing are offered to consumers.
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Smartphone-linked credit cards are issued for consumer payments.
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Detailed competitors of RedCarpetUp
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Latest news on Redcarpetup
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Frequently Asked Questions about RedCarpetUp
RedCarpetUp was founded in 2013 and raised its 1st funding round 2 years after it was founded.
RedCarpetUp is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Kartik Venkataraman is the current CEO of RedCarpetUp. They have also founded this company.
RedCarpetUp is a funded company, having raised a total of $10.79M across 6 funding rounds to date.
Annual revenue of RedCarpetUp is $155.47K as on Mar 31, 2023.
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.
RedCarpetUp's top competitors include Simpl, Snapmint and Galaxycard.
RedCarpetUp has 23 investors. Key investors include Lightspeed Venture Partners, T-Hub, Lightspeed India, Moonstone Investment Management, and Y Combinator.
The valuation of RedCarpetUp is $12.59M as of Jan 2019.