About RupeeRedee
RupeeRedee is a company based in Gurugram (India) founded in 2018.. RupeeRedee has raised $5.7 million across 3 funding rounds from investors including Digital Finance. The company has 100 employees as of April 07, 2024. RupeeRedee offers products and services including RupeeRedee App and Personal Loan Service. RupeeRedee operates in a competitive market with competitors including Kissht, Branch, Stashfin, Finnable and Money View, among others.
- Headquarter Gurugram, India
- Employees 100 as on 07 Apr, 2024
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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
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- Legal Name Moneymitra It Solutions Private Limited
- Date of Incorporation 07 Oct, 2015
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$4.59 M (USD)63.31as on Mar 31, 2023
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Net Profit
$1.5 M (USD)129.71as on Mar 31, 2023
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EBITDA
$2.03 M (USD)244.45as on Mar 31, 2023
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Total Equity Funding
$5.7 M (USD)
in 3 rounds
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Latest Funding Round
$3.5 M (USD), Series B
Jul 31, 2023
- Investors
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Employee Count
100
as on Apr 07, 2024
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Products & Services of RupeeRedee
RupeeRedee offers a comprehensive portfolio of products and services, including RupeeRedee App and Personal Loan Service. 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.
Mobile app for instant personal loan applications and disbursal.
Service providing quick cash loans with flexible tenures and direct transfers.
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Funding Insights of RupeeRedee
RupeeRedee has successfully raised a total of $5.7M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $3.5 million completed in July 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $3.5M
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First Round
First Round
(01 Mar 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Series B - RupeeRedee | Valuation | Digital Finance |
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| Sep, 2022 | Amount | Series B - RupeeRedee | Valuation | Digital Finance |
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| Mar, 2022 | Amount | Series B - RupeeRedee | Valuation |
investors |
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| 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 RupeeRedee
RupeeRedee has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Digital Finance. 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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Online lending services are facilitated through a digital platform.
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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
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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 RupeeRedee
| 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 - RupeeRedee
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Rupeeredee Comparisons
Competitors of RupeeRedee
RupeeRedee 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 Kissht, Branch, Stashfin, Finnable and Money View, 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 |
Personal, business, and property loans are provided by Kissht.
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| domain | founded_year | HQ Location |
Branch is focused on providing faster workforce payment solutions.
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| domain | founded_year | HQ Location |
Digital lending and instant credit lines are provided to individuals.
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| domain | founded_year | HQ Location |
Online personal loans with minimal documentation are offered digitally.
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| domain | founded_year | HQ Location |
Loans, credit cards, gold investments, insurance, and UPI are provided.
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| domain | founded_year | HQ Location |
Online instant personal loans are provided to salaried professionals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Rupeeredee
Frequently Asked Questions about RupeeRedee
When was RupeeRedee founded?
RupeeRedee was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is RupeeRedee located?
RupeeRedee is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of RupeeRedee?
Roman Aznabaev is the current CEO of RupeeRedee.
Is RupeeRedee a funded company?
RupeeRedee is a funded company, having raised a total of $5.7M across 3 funding rounds to date. The company's 1st funding round was a Series B of $1.1M, raised on Mar 01, 2022.
How many employees does RupeeRedee have?
As of Apr 07, 2024, the latest employee count at RupeeRedee is 100.
What is the annual revenue of RupeeRedee?
Annual revenue of RupeeRedee is $4.59M as on Mar 31, 2023.
What does RupeeRedee do?
An online platform for short-term, unsecured personal loans was established in 2018 in Gurugram, India. Credit access is facilitated for individuals needing immediate financial support through a digital application process. Necessary documentation is submitted by users to apply for loans. Operations focus on the fintech sector, serving borrowers in India with quick unsecured lending services. Leadership is provided by CEO Roman Aznabaev.
Who are the top competitors of RupeeRedee?
RupeeRedee's top competitors include Stashfin, Money View and LendenClub.
What products or services does RupeeRedee offer?
RupeeRedee offers RupeeRedee App and Personal Loan Service.
Who are RupeeRedee's investors?
RupeeRedee has 1 investor. Key investors include Digital Finance.
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