About Rupid
Rupid is a company based in Hyderabad (India) founded in 2022 by Karishma Chowdary, P C Varma, and Gowtham Alluri. It operates as a FinTech, and Subscription Services. Rupid has raised $120 thousand across 1 funding round from investors including We Founder Circle, EvolveX and Beej Network. The company has 1 employees as of April 07, 2024. Rupid offers products and services including Earned Wage Access (EWA) and Rupid App. Rupid operates in a competitive market with competitors including Tremendous, Finjinn, Vrddi, Goodbits and Upsolv, among others.
- Headquarter Hyderabad, India
- Employees 1 as on 07 Apr, 2024
- Founders Karishma Chowdary, P C Varma, Gowtham Alluri
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Sectors
TechnologyFinancial 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 Rupid Technology Labs Private Limited
- Date of Incorporation 01 Jul, 2022
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 K (USD)
in 1 rounds
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Latest Funding Round
$120 K (USD), Seed
Jul 01, 2023
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Investors
We Founder Circle
& 3 more
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Employee Count
1
as on Apr 07, 2024
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Products & Services of Rupid
Rupid offers a comprehensive portfolio of products and services, including Earned Wage Access (EWA) and Rupid App. 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.
Earned wages are accessed before payday by employees.
Financial wellness is provided through this workforce app.
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Funding Insights of Rupid
Rupid has successfully raised a total of $120K through 1 strategic funding round. The most recent funding activity was a Seed round of $120 thousand 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 1
- Last Round Seed — $120,000
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First Round
First Round
(01 Jul 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - Rupid | 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 Rupid
Rupid has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include We Founder Circle, EvolveX and Beej Network. 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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Accelerator program offering mentorship, funding, and network access to early-stage startups.
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Founded Year | Domain | Location | |
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Early-stage startups are supported by sector-agnostic studio PedalStart.
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Founded Year | Domain | Location | |
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Potato farming, grain marketing, and equipment services are provided in Maine.
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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 Rupid
| 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 - Rupid
| 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 |
Rupid Comparisons
Competitors of Rupid
Rupid 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 Tremendous, Finjinn, Vrddi, Goodbits and Upsolv, 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 |
Provider of rewards and financial benefits management platform for enterprises
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| domain | founded_year | HQ Location |
Offers an employee payroll management platform for businesses.
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| domain | founded_year | HQ Location |
A tech-enabled solution for employee financial wellness in organizations.
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| domain | founded_year | HQ Location |
Digital coupons and tax benefits solutions
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| domain | founded_year | HQ Location |
Provides income protection plans to individuals against job loss and layoffs.
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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 Rupid
Frequently Asked Questions about Rupid
When was Rupid founded?
Rupid was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Rupid located?
Rupid is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Rupid?
Gowtham Alluri is the current CEO of Rupid. They have also founded this company.
Is Rupid a funded company?
Rupid is a funded company, having raised a total of $120K across 1 funding round to date. The company's 1st funding round was a Seed of $120K, raised on Jul 01, 2023.
How many employees does Rupid have?
As of Apr 07, 2024, the latest employee count at Rupid is 1.
What does Rupid do?
Earned Wage Access (EWA) solutions are offered by Rupid to enable employees to access their earned wages before payday. Financial stress is reduced, and productivity is enhanced through this service. The Rupid App is utilized to promote financial wellness among the workforce. Integration with employer HRMS systems is supported, ensuring compliance with RBI regulations. Data security and privacy are prioritized with ISO 27001 certification. The focus is placed on improving employee engagement, retention, and talent acquisition for employers in the financial services sector.
Who are the top competitors of Rupid?
Rupid's top competitors include Vrddi, Tremendous and Goodbits.
What products or services does Rupid offer?
Rupid offers Earned Wage Access (EWA) and Rupid App.
Who are Rupid's investors?
Rupid has 4 investors. Key investors include We Founder Circle, EvolveX, Beej Network, and PedalStart.