About Rio
Rio is a company based in Bengaluru (India) founded in 2023 by Vivek Amarnani and Riya Bhattacharya was acquired by Zaggle in July 2025. It operates as a FinTech. Rio has raised $1.36 million across 1 funding round from investors including Zaggle, Village Global and Better Capital. Rio offers products and services including Rio UPI Credit Card. Rio operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Bengaluru, India
- Founders Vivek Amarnani, Riya Bhattacharya
- Stage Minicorn
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Rivpe Technology Private Limited
- Date of Incorporation 13 Jul, 2023
- Jurisdiction Bangalore South, Karnataka, India
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Rio
Rio offers a comprehensive portfolio of products and services, including Rio UPI Credit Card.
A digital credit card with UPI integration offered.
Funding Insights of Rio
Rio has successfully raised a total of $1.36M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.36 million completed in November 2023. 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 Rio
Rio has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Zaggle, Village Global and Better Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage venture capital investing, network building, and founder support services.
|
Locked | Locked | Locked | |
|
Early-stage companies are invested in by Better Capital.
|
Locked | Locked | Locked | |
|
Seed and early-stage investments are made across sectors in India.
|
Locked | Locked | Locked |
Investor details for Rio
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Rio
Investment portfolio details for Rio
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Rio
Detailed financials for Rio
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Rio Comparisons
Peer comparison for Rio
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Rio
Rio 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 Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Payment processing and card issuance solutions are provided for businesses.
|
|
| Locked | Locked | Locked |
Payment and business banking solutions are provided for enterprises.
|
|
| Locked | Locked | Locked |
Provider of payment processing solutions for businesses
|
|
| Locked | Locked | Locked |
Online payment processing and credit solutions are provided for businesses.
|
|
| Locked | Locked | Locked |
Digital payments and engagement solutions are offered for MSMEs.
|
|
| Locked | Locked | Locked |
Digital payments are processed and managed via specialized solutions.
|
Detailed competitors of Rio
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Rio
Complete news archive for Rio
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rio
Rio was founded in 2023.
Rio is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rio is a funded company, having raised a total of $1.36M across 1 funding round to date.
A fully digital UPI credit card is offered by Rio through Rivpe Technology Private Limited. The service focuses on the financial sector, providing lifetime free cards with guaranteed cashbacks, exclusive offers, and secure transactions. Complementary lounge access and Rio Coins rewards are included for spends via UPI. Hassle-free onboarding and instant card activation are facilitated through a mobile app.
Rio offers Rio UPI Credit Card.
Rio has 10 investors. Key investors include Zaggle, Village Global, Better Capital, Blume Ventures, and Unified Programming Interfaces.
The valuation of Rio is $9.92M as of Nov 2023.