About Rupeek
Rupeek is a company based in Bengaluru (India) founded in 2015 by Amar Prabhu and Sumit Maniyar.. Rupeek has raised $193.57 million across 14 funding rounds from investors including BlackSoil, Accel and Lighthouse Canton. The company has 811 employees as of April 04, 2024. Rupeek offers products and services including Gold Loans, Gold Card, Instant Loans, and Business Loans. Rupeek operates in a competitive market with competitors including indiagold, Orocorp Technologies, Yellow Metal, Ruptok and DhanLAP, among others.
- Headquarter Bengaluru, India
- Employees 811 as on 04 Apr, 2024
- Founders Amar Prabhu, Sumit Maniyar
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rupeek Fintech Pvt Ltd
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$11.69 M (USD)-26.55as on Mar 31, 2023
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Net Profit
$-33.86 M (USD)22.72as on Mar 31, 2023
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EBITDA
$-25.83 M (USD)39.37as on Mar 31, 2023
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Total Equity Funding
$193.57 M (USD)
in 14 rounds
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Latest Funding Round
$16.95 M (USD), Series F
Jun 25, 2024
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Investors
BlackSoil
& 64 more
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Employee Count
811
as on Apr 04, 2024
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Products & Services of Rupeek
Rupeek offers a comprehensive portfolio of products and services, including Gold Loans, Gold Card, Instant Loans, and Business Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Instant loans backed by gold with low interest rates.
Card for zero-interest loans up to 45 days.
Quick personal loans processed in 30 minutes.
Loans for MSME and business needs.
Unlock access to complete
Funding Insights of Rupeek
Rupeek has successfully raised a total of $193.57M across 14 strategic funding rounds. The most recent funding activity was a Series F round of $16.95 million completed in June 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 Total Funding
- Total Rounds 14
- Last Round Series F — $16.9M
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First Round
First Round
(02 Nov 2015)
- Investors Count 65
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series F - Rupeek | Valuation | Elevation Capital | |
| Apr, 2024 | Amount | Series F - Rupeek | Valuation | 360 One , BlackSoil |
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| Mar, 2024 | Amount | Debt – Conventional - Rupeek | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rupeek
Rupeek has secured backing from 65 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BlackSoil, Accel and Lighthouse Canton. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location | |
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Private debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rupeek
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rupeek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rupeek Comparisons
Competitors of Rupeek
Rupeek 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 indiagold, Orocorp Technologies, Yellow Metal, Ruptok and DhanLAP, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Gold loans are provided and digital gold purchases are facilitated.
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| domain | founded_year | HQ Location |
Alternative investment platform for gold assets
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| domain | founded_year | HQ Location |
Platform offering gold loans to rural residents, leveraging the household gold as collateral
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| domain | founded_year | HQ Location |
Doorstep gold loans are offered by the fintech platform.
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| domain | founded_year | HQ Location |
A marketplace for asset-backed loans using various collateral is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rupeek
Frequently Asked Questions about Rupeek
When was Rupeek founded?
Rupeek was founded in 2015.
Where is Rupeek located?
Rupeek is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Rupeek?
Sumit Maniyar is the current CEO of Rupeek. They have also founded this company.
Is Rupeek a funded company?
Rupeek is a funded company, having raised a total of $193.57M across 14 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $6M, raised on Nov 02, 2015.
How many employees does Rupeek have?
As of Apr 04, 2024, the latest employee count at Rupeek is 811.
What is the annual revenue of Rupeek?
Annual revenue of Rupeek is $11.69M as on Mar 31, 2023.
What does Rupeek do?
Rupeek was founded in 2015 in Bengaluru, India, within the fintech sector. An app-based platform is operated to connect lenders and borrowers for gold loans. Loan requirements are specified by borrowers through agent calls or the Android application. Gold authenticity is verified by agents on-site, while credit risk is assessed via a dedicated model. Approved funds are transferred directly to borrowers bank accounts, supporting operations across India.
Who are the top competitors of Rupeek?
Rupeek's top competitors include indiagold, Yellow Metal and Ruptok.
What products or services does Rupeek offer?
Rupeek offers Gold Loans, Gold Card, Instant Loans, and Business Loans.
Who are Rupeek's investors?
Rupeek has 65 investors. Key investors include BlackSoil, Accel, Lighthouse Canton, 360 One, and Kae Capital.
What is Rupeek's valuation?
The valuation of Rupeek is $155.51M as of Jun 2024.
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