About Reeudo
Reeudo is a Financial Services company based in Gurugram (India) founded in 2020 by Pawanjit Grewal. Reeudo has raised $722.87 thousand across 3 funding rounds from investors including India Accelerator, Fateh Education and Stigasoft. The company has 1 employees. Reeudo was last valued at $5.53 million in March 2024. Its Indian entity Reeudo Forex Services Private Limited reported revenue of ₹1.64 Cr. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and Diversified.
Company details
A fintech platform providing cross-border payment solutions for students and individuals. The company provides a cross-border payment platform, specifically designed for students making international transactions. It focus on global education institutions to bridge the gap between international student payment experiences.
- Headquarters Gurugram, India
- Employees 1
- Founders Pawanjit Grewal
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website reeudo.com
- Social LinkedIn X Facebook
- Legal Name Reeudo Forex Services Private Limited
- Date of Incorporation 05 Jun, 2020
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹1.64 Cr
FY 2024 · +768% YoY
- Net Loss-₹1.78 Cr
FY 2024 · -109% margin
- EBITDA-₹2.29 Cr
FY 2024 · -140% margin
- Total Equity Funding$722.87K (USD)
in 3 rounds
- Latest Funding Round$140.69K (USD), Angel Round
Mar 2024
- InvestorsIndia Accelerator
& 24 more
- Employee Count1
Associated legal entities of Reeudo
Reeudo operates through Reeudo Forex Services 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 |
|---|---|---|---|---|---|---|---|
| Reeudo Forex Services Private Limited CIN U65929HR2020PTC086571 | Active | 05 Jun 2020 | Gurgaon, Haryana | ₹1.6 Cr | 2 | View details |
Funding Insights of Reeudo
Reeudo has successfully raised a total of $722.87K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $140.69 thousand completed in March 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 $722,868
- Total Rounds 3
- Last Round Angel Round — $140,691
- First Round $386,497
(Nov 2022)
- Investors Count 25
All 3 funding rounds of Reeudo 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 |
|---|---|---|---|---|---|
| Mar 2024 | $140,691 | Angel Round | $5.53M | – | |
| May 2023 | $195,680 | Seed | $3.52M | – | |
| Nov 2022 | $386,497 | Seed | $••••• | Chirag Sindhu, Simarjit K Grewal |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2024 | $5.53M | •••••••• |
| May 2023 | $3.52M | •••••••• |
| Nov 2022 | $••••• | •••••••• |
Full valuation and stage history of Reeudo
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $5.53M (Mar 2024). 25 investors in total: 4 institutional and 21 angel.
Investors in Reeudo
Reeudo has secured backing from 25 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include India Accelerator, Fateh Education and Stigasoft.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
Angel network focused on multiple sectors | 2020 | angelbay.in | Gurugram, India | |
E-commerce, mobility, and enterprise solutions are provided globally. | 2009 | stigasoft.com | Gurugram, India | |
SG Sidharth Gautam Theraja | unknown_1d6dec15ba164effa | |||
NN Nitin Nanda | Angel investor and entrepreneur, founder of Camera Culture Group at MIT Media Lab. | unknown_2e297a29032447a68 | ||
JS Jessica Sherwal | unknown_0acd50081b3942bcb | |||
PM Prajakta Manish Patil | unknown_b4d25898402f42e7b | |||
JR Jagannath Ramesh | unknown_a39e4210e66c49138 | |||
CK Chandra Krishnaswamy | unknown_9253d4364a9a44d7a | |||
VK Vimal Kumar | Angel investor and entrepreneur, founder of Juspay, focused on fintech innovation | unknown_ab5b9803f9aa4d65a |
Investor details for Reeudo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Reeudo Forex Services Private Limited (Reeudo)
Reeudo Forex Services Private Limited is the primary company behind Reeudo. The board of Reeudo Forex Services Private Limited currently have 2 directors; the longest-serving is Pawanjeet Singh Grewal, appointed in 2020. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pawanjeet Singh Grewal DIN 08754189 | Director | 05 Jun 2020 | 6 yrs 5 mo | Reeudo Forex Services Private Limited |
| Mandeep Grewal DIN 10724101 | Director | 07 Aug 2024 | 2 yrs 3 mo | Reeudo Forex Services Private Limited |
People of Reeudo
1 people are tracked at Reeudo (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Reeudo
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 Reeudo
Figures of Reeudo Forex Services Private Limited, the primary company behind Reeudo, for FY 2024. Revenue was ₹1.64 Cr (+768% year on year). Net loss was -₹1.78 Cr (-109% margin). EBITDA was -₹2.29 Cr (-140% margin).
- ₹1.64 CrRevenue · FY 2024 · +768% YoY
- -₹1.78 CrNet loss · -109% margin
- -₹2.29 CrEBITDA · -140% margin
- ₹63.5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Reeudo Forex Services Private Limited are on its company page.
Detailed financial statements for Reeudo
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 Reeudo
4 dated milestones of Reeudo across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Reeudo is founded.
- Funding First funding round of $386K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $141K.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Reeudo (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about Reeudo
Reeudo was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Reeudo is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Reeudo is a funded company, having raised a total of $722.87K across 3 funding rounds to date. The company's 1st funding round was a Seed of $386.5K, raised on Nov 2022.
Reeudo has 1 employees.
The primary company behind Reeudo, Reeudo Forex Services Private Limited, reported revenue of ₹1.64 Cr for FY 2024, up 768% year on year.
A fintech platform providing cross-border payment solutions for students and individuals. The company provides a cross-border payment platform, specifically designed for students making international transactions. It focus on global education institutions to bridge the gap between international student payment experiences.
Reeudo has 25 investors. Key investors include India Accelerator, Fateh Education, Stigasoft, AngelBay, and Sidharth Gautam Theraja.
The valuation of Reeudo is $5.53M as of Mar 2024.
Reeudo operates through Reeudo Forex Services Private Limited.
The legal entities of Reeudo currently have 2 directors, including Pawanjeet Singh Grewal, Mandeep Grewal.