About Rheo
Rheo is a Media & Entertainment company based in Bengaluru (India) founded in 2018, and 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. Rheo was last valued at $16.64 million in April 2019. Its Indian entity Fjs Tech Private Limited reported revenue of ₹22.8 Lakh. Its focus areas include OTT Video, Multi Channel Networks (MCN), Gaming and eSports. Its competitors include Sportvot and Rooter; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 7
- Stage Acquired
- SectorsMedia & Entertainment
- Website rheo.com
- Social LinkedIn X
- Acquired by Unacademy (Jul 2021)
- Legal Name Fjs Tech Private Limited
- Date of Incorporation 07 Dec, 2018
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Rheo
Rheo is associated with 2 registered companies on The Company Check; the primary company is Fjs Tech Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fjs Tech Private Limited CIN U74999KA2018PTC175892 | Active | 07 Dec 2018 | Bangalore, Karnataka | ₹0.2 Cr | 7 | 3 | View details |
| Sorting Hat Technologies Private Limited CIN U72200KA2015PTC082063 | Active | 06 Aug 2015 | Bangalore, Karnataka | ₹826 Cr | 1,440 | 8 | View details |
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 $2.96M
- Total Rounds 1
- Last Round Seed — $2.96M
- First Round $2.96M
(Apr 2019)
- Investors Count 16
All 1 funding rounds of Rheo 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 |
|---|---|---|---|---|---|
| Apr 2019 | $2.96M | Seed | $16.64M | Surge, Lightspeed Venture Partners |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2019 | $16.64M | •••••••• |
Last known valuation $16.64M (Apr 2019). 17 investors in total: 4 institutional and 13 angel.
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 |
|---|---|---|---|---|
Acceleration is provided to startups across multiple sectors by Surge. | surgeahead.com | |||
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Akatsuki is engaged in gaming and entertainment solutions development. | 2010 | aktsk.jp | Shinagawa, Japan | |
Online educational resources and courses for exam preparation are provided. | 2015 | unacademy.com | Bengaluru, India | |
GM Gaurav Munjal | CEO of Unacademy, edtech pioneer, active angel investor in Indian startups | unknown_a00ab1f5d0d945f7a | ||
HS Hemesh Singh | Co-founder & CTO of Unacademy, active angel investor in edtech | unknown_43970230a3c441ff9 | ||
RS Roman Saini | Co-founder of Unacademy, ex-IAS officer, active angel investor | unknown_b549632cb9bb48279 | ||
AG Anushray Gupta | Angel investor and entrepreneur, focused on tech startups in India. | unknown_89c21ee7e4354704a | ||
PS Phanindra Sama | Co-founder of redBus, prominent angel investor in Indian startups | unknown_888eed2955bb48409 | ||
DG Dinesh Godara | Co-founder of Trell, angel investor in Indian startups | unknown_7d334153c2624fcab |
Investor details for Rheo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Fjs Tech Private Limited (Rheo)
Fjs Tech Private Limited is the primary company behind Rheo. The boards of the 2 registered companies of Rheo currently have 9 directors; the longest-serving is Gaurav Munjal, appointed in 2015. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Munjal DIN 06575810 | Director | 06 Aug 2015 | 11 yrs 2 mo | Sorting Hat Technologies Private Limited |
| Roman Saini DIN 07696873 | Director | 20 Jan 2017 | 9 yrs 9 mo | Sorting Hat Technologies Private Limited |
| Bhavin Mahendra Turakhia DIN 00133351 | Director | 12 Feb 2018 | 8 yrs 8 mo | Sorting Hat Technologies Private Limited |
| Shantanu Rastogi DIN 06732021 | Nominee Director | 18 Mar 2020 | 6 yrs 7 mo | Sorting Hat Technologies Private Limited |
| Sujeet Kumar DIN 05244077 | Director | 18 Jun 2020 | 6 yrs 4 mo | Sorting Hat Technologies Private Limited |
| Sumer Juneja DIN 08343545 | Nominee Director | 28 Sep 2020 | 6 yrs | Sorting Hat Technologies Private Limited |
| Abhishek Pipara DIN 08996985 | Director | 30 Sep 2021 | 5 yrs | Fjs Tech Private Limited |
| Pratik Dalal DIN 09293704 | Director | 20 Mar 2024 | 2 yrs 7 mo | Fjs Tech Private Limited |
| Sumit Jain DIN 02122751 | Director | 21 Nov 2024 | 1 yr 11 mo | Fjs Tech Private Limited, Sorting Hat Technologies Private Limited |
Financials of Rheo
Figures of Fjs Tech Private Limited, the primary company behind Rheo, for FY 2025. Revenue was ₹22.8 Lakh (+93% year on year). Net profit was ₹19.3 Lakh (85% margin). EBITDA was ₹19.3 Lakh (85% margin). Revenue has grown at a compounded annual rate of +12% over three years and +134% over five years.
- ₹22.8 LakhRevenue · FY 2025 · +93% YoY
- ₹19.3 LakhNet profit · 85% margin
- ₹19.3 LakhEBITDA · 85% margin
- ₹65,500Paid-up capital
- 7Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +134%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fjs Tech Private Limited are on its company page.
Detailed financial statements for Rheo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Rheo
4 dated milestones of Rheo across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Rheo is founded.
- Funding First funding round of $3.0M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Unacademy.
Competitors of Rheo
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sportvot.com | 2019 | Mumbai, India | $1.63M | 21 | Live sports streaming and casual venue services are provided. | |
| rooter.gg | 2016 | Delhi, India | $45.99M | 57 | Live gaming, streams, and video content platform is operated. |
Detailed competitors of Rheo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in eSports & Competitive Gaming
3 companies that operate in the same segment as Rheo (eSports & Competitive Gaming) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
Real money skill-based gaming is facilitated through an online platform. | 2018 | Bengaluru, Karnataka, India | USD 401.22 M | USD 100.11 M | 435 | |
Esports tournaments and events are organized across multiple games. | 2015 | Gurugram, Haryana, India | USD 66.15 M | USD 53.59 M | 74 |
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Related news about Rheo
Complete news archive for Rheo
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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 2019.
Rheo has 7 employees.
The primary company behind Rheo, Fjs Tech Private Limited, reported revenue of ₹22.8 Lakh for FY 2025, up 93% year on year.
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.
Rheo is associated with 2 legal entities: Fjs Tech Private Limited, Sorting Hat Technologies Private Limited.
Yes. Rheo was acquired by Unacademy in July 2021.
The legal entities of Rheo currently have 10 directors, including Sumit Jain, Abhishek Pipara, Pratik Dalal and others.