About Rupeeflo
Rupeeflo is a Financial Services company based in Bengaluru (India) founded in 2024 by Ashish Jha, Dharmendra Maurya, and Manav Bharambe. Retail banking solutions are offered via internet-first partnerships. Rupeeflo has raised $1.82 million across 2 funding rounds from investors including Ravi Shankar, Kishore Natarajan and Kedar Kulkarni. Rupeeflo was last valued at $4.92 million in December 2024. Its chief executive, as recorded, is Dharmendra Maurya. Its website rupeeflo.com draws about 17 thousand monthly visits. Its Indian entity Dma Rupeeflo Technologies Private Limited reported revenue of ₹5 Lakh. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its competitors include Niyo, Freo and Avail Finance; 3 of its 3 listed competitors have raised funding.
Company details
Rupeeflo was founded in 2024 in Bengaluru, India, as a fintech provider of internet-first banking through strategic partnerships. Retail banking solutions are delivered via a digital platform that includes global savings accounts, investment options, payment management tools, and remittance services for cross-border transactions. Operations focus on accessible financial products for users in the region.
- Headquarters Bengaluru, India
- Founders Ashish Jha, Dharmendra Maurya, Manav Bharambe
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website rupeeflo.com
- Social LinkedIn
- Legal Name Dma Rupeeflo Technologies Private Limited
- Date of Incorporation 03 Apr, 2024
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5 Lakh
FY 2025
- Net Loss-₹48.8 Lakh
FY 2025 · -980% margin
- EBITDA-₹64.3 Lakh
FY 2025 · -1292% margin
- Total Equity Funding$1.82M (USD)
in 2 rounds
- Latest Funding Round$815.75K (USD), Seed
Jul 2025
- InvestorsPiper Serica
& 8 more
Associated legal entities of Rupeeflo
Rupeeflo operates through Dma Rupeeflo Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dma Rupeeflo Technologies Private Limited CIN U66120KA2024PTC187054 | Active | 03 Apr 2024 | Bangalore, Karnataka | ₹0.0 Cr | 4 | View details |
Funding Insights of Rupeeflo
Rupeeflo has successfully raised a total of $1.82M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $815.75 thousand completed in July 2025. 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 $1.82M
- Total Rounds 2
- Last Round Seed — $815,745
- First Round $1M
(Dec 2024)
- Investors Count 9
All 2 funding rounds of Rupeeflo 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 |
|---|---|---|---|---|---|
| Jul 2025 | $815,745 | Seed | – | Rainmatter | – |
| Dec 2024 | $1M | Seed | $4.92M | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2024 | $4.92M | •••••••• |
Last known valuation $4.92M (Dec 2024). 9 investors in total: 2 institutional and 7 angel.
Investors in Rupeeflo
Rupeeflo has secured backing from 9 investors, including angel and venture fund investors. Prominent investors backing the company include Ravi Shankar, Kishore Natarajan and Kedar Kulkarni.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund investing in multiple sectors | piperserica.vc | Mumbai, India | ||
| rainmatter.com | ||||
RS Ravi Shankar | Angel investor and entrepreneur, co-founder of Active.ai, focused on fintech innovation | unknown_5c5fd7197bf34c77b | ||
KN Kishore Natarajan | unknown_14de980356e74222b | |||
KK Kedar Kulkarni | Angel investor and entrepreneur, co-founder of SpeedyBee, focused on tech startups | unknown_40283e8e6cc24d4cb | ||
MB Mahati Balaji | unknown_d43772b5a6da421db | |||
SN Sonam Nailesh Shah | unknown_37b88612b010415db | |||
DK Devshi Kashyap | unknown_77a04e5816be45fa9 | |||
MK Megha Kodoor | unknown_4fcefff864c04408a |
Investor details for Rupeeflo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Dma Rupeeflo Technologies Private Limited (Rupeeflo)
Dma Rupeeflo Technologies Private Limited is the primary company behind Rupeeflo. The board of Dma Rupeeflo Technologies Private Limited currently have 4 directors; the longest-serving is Dharmendra Surendra Maurya, appointed in 2024. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dharmendra Surendra Maurya DIN 10577792 | Director | 03 Apr 2024 | 2 yrs 6 mo | Dma Rupeeflo Technologies Private Limited |
| Manav Ashok Bharambe DIN 10577793 | Director | 03 Apr 2024 | 2 yrs 6 mo | Dma Rupeeflo Technologies Private Limited |
| Ashish Jha DIN 10577794 | Director | 03 Apr 2024 | 2 yrs 6 mo | Dma Rupeeflo Technologies Private Limited |
| Ajaykumar Pawankumar Modi DIN 06930844 | Director | 20 Dec 2024 | 1 yr 10 mo | Dma Rupeeflo Technologies Private Limited |
People of Rupeeflo
4 people are tracked at Rupeeflo (4 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership | |
Sushrut Phadke | Founder's Office | Leadership |
Complete people profiles for Rupeeflo
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 Rupeeflo
Figures of Dma Rupeeflo Technologies Private Limited, the primary company behind Rupeeflo, for FY 2025. Revenue was ₹5 Lakh. Net loss was -₹48.8 Lakh (-980% margin). EBITDA was -₹64.3 Lakh (-1292% margin).
- ₹5 LakhRevenue · FY 2025
- -₹48.8 LakhNet loss · -980% margin
- -₹64.3 LakhEBITDA · -1292% margin
- ₹1.4 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Dma Rupeeflo Technologies Private Limited are on its company page.
Detailed financial statements for Rupeeflo
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 Rupeeflo
4 dated milestones of Rupeeflo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Rupeeflo is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $816K.
Competitors of Rupeeflo
Rupeeflo has 3 listed competitors in our database, 3 of them funded. They include Niyo, Freo and Avail Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goniyo.com | 2015 | Bengaluru, India | $179.35M | 410 | Online platform for wealth management | |
| freo.money | 2015 | Bengaluru, India | $46.31M | 177 | Digital banking services are offered to individual users. | |
| availfinance.in | 2017 | Bengaluru, India | $38.48M | 2 | Neobank for individuals |
Detailed competitors of Rupeeflo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Rupeeflo
The website of Rupeeflo (rupeeflo.com) receives about 17.4K visits a month.
- Monthly visits17.4K
▼ 11.6% vs previous month
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Related news about Rupeeflo
Complete news archive for Rupeeflo
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Frequently Asked Questions about Rupeeflo
Rupeeflo was founded in 2024.
Rupeeflo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Dharmendra Maurya is the CEO of Rupeeflo, as recorded in our data. They have also founded this company.
Rupeeflo is a funded company, having raised a total of $1.82M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Dec 2024.
The primary company behind Rupeeflo, Dma Rupeeflo Technologies Private Limited, reported revenue of ₹5 Lakh for FY 2025.
Rupeeflo was founded in 2024 in Bengaluru, India, as a fintech provider of internet-first banking through strategic partnerships. Retail banking solutions are delivered via a digital platform that includes global savings accounts, investment options, payment management tools, and remittance services for cross-border transactions. Operations focus on accessible financial products for users in the region.
Rupeeflo's top competitors include Freo, Niyo and Avail Finance.
Rupeeflo has 9 investors. Key investors include Ravi Shankar, Kishore Natarajan, Kedar Kulkarni, Mahati Balaji, and Sonam Nailesh Shah.
The valuation of Rupeeflo is $4.92M as of Dec 2024.
Rupeeflo operates through Dma Rupeeflo Technologies Private Limited.
The legal entities of Rupeeflo currently have 4 directors, including Dharmendra Surendra Maurya, Manav Ashok Bharambe, Ashish Jha and others.