About Rheo
Rheo is a company based in Bengaluru (India) founded in 2018 was acquired by Unacademy in July 2021. Rheo has raised $2.96 million across 1 funding round from investors including Unacademy, Akatsuki and Lightspeed Venture Partners. The company has 7 employees as of April 05, 2024. Rheo operates in a competitive market with competitors including Twitch, StreamElements, Huya, Sportvot and Garena, among others.
- Headquarter Bengaluru, India
- Employees 7 as on 05 Apr, 2024
- Stage Minicorn
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Sectors
Media & Entertainment
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Phone
*********
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Website
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Social
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- Legal Name Fjs Tech Private Limited
- Date of Incorporation 07 Dec, 2018
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$19.6 K (USD)0.62as on Mar 31, 2023
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Net Profit
$16.23 K (USD)105.12as on Mar 31, 2023
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EBITDA
-$3.37 K (USD)98.99as on Mar 31, 2023
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Total Equity Funding
$2.96 M (USD)
in 1 rounds
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Latest Funding Round
$2.96 M (USD), Seed
Apr 20, 2019
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Investors
Unacademy
& 16 more
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Employee Count
7
as on Apr 05, 2024
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Acquired by
Unacademy
(Jul 26, 2021)
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Funding Insights of Rheo
Rheo has successfully raised a total of $2.96M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.96 million completed in April 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 1
- Last Round Seed — $3.0M
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First Round
First Round
(20 Apr 2019)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Seed - Rheo | Valuation | Surge , Lightspeed Venture Partners |
Investors in Rheo
Rheo has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Unacademy, Akatsuki and Lightspeed Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Acceleration is provided to startups across multiple sectors by Surge.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Akatsuki is engaged in gaming and entertainment solutions development.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rheo
Financial Statements - Rheo
Rheo Comparisons
Competitors of Rheo
Rheo 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 Twitch, StreamElements, Huya, Sportvot and Garena, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
ESports social video streaming platform
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| domain | founded_year | HQ Location |
Monetization and engagement tools for live streaming are provided.
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| domain | founded_year | HQ Location |
Online gameplay is streamed live via a broadcasting portal.
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| domain | founded_year | HQ Location |
Live sports streaming and casual venue services are provided.
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| domain | founded_year | HQ Location |
Mobile entertainment and communication
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| domain | founded_year | HQ Location |
Live video streaming platform operated with interactive features for users.
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Frequently Asked Questions about Rheo
Rheo was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Rheo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rheo is a funded company, having raised a total of $2.96M across 1 funding round to date. The company's 1st funding round was a Seed of $2.96M, raised on Apr 20, 2019.
As of Apr 05, 2024, the latest employee count at Rheo is 7.
Annual revenue of Rheo is $19.6K as on Mar 31, 2023.
Online platform for streaming video games. The platform allows users to stream and watch games like PubG, Free Fire, GTA V, and more. The platform allows users to learn tips and tricks, watch videos, and connect with the community.
Rheo has 17 investors. Key investors include Unacademy, Akatsuki, Lightspeed Venture Partners, Surge, and Gaurav Munjal.
The valuation of Rheo is $16.64M as of Apr 2019.