About Rupid
Rupid is a Technology company based in Hyderabad (India) founded in 2022 by Karishma Chowdary, P C Varma, and Gowtham Alluri. Financial stability is provided through earned wage access solutions. It operates on a FinTech and Subscription Services model in Technology and Financial Services sectors. Rupid has raised $120 thousand across 1 funding round from investors including We Founder Circle, EvolveX and Beej Network. The company has 1 employees. Its chief executive, as recorded, is Gowtham Alluri. Rupid offers products and services including Earned Wage Access (EWA) and Rupid App. Its focus areas include FinTech and Payroll Solutions. Its legal entity in India is Rupid Technology Labs Private Limited (U72900TG2022PTC164360). Its competitors include Finjinn, Vrddi and Goodbits.
Company details
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.
- Headquarters Hyderabad, India
- Employees 1
- Founders Karishma Chowdary, P C Varma, Gowtham Alluri
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website rupid.in
- Social LinkedIn Instagram
- Legal Name Rupid Technology Labs Private Limited
- Date of Incorporation 01 Jul, 2022
- Jurisdiction Hyderabad, Telangana, India
- Total Equity Funding$120K (USD)
in 1 rounds
- Latest Funding Round$120K (USD), Seed
Jul 2023
- InvestorsWe Founder Circle
& 3 more
- Employee Count1
Associated legal entities of Rupid
Rupid operates through Rupid Technology Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rupid Technology Labs Private Limited CIN U72900TG2022PTC164360 | Active | 01 Jul 2022 | Hyderabad, Telangana | 2 | View details |
Products & Services of Rupid
Rupid offers a comprehensive portfolio of products and services, including Earned Wage Access (EWA) and Rupid App.
Earned wages are accessed before payday by employees.
Financial wellness is provided through this workforce app.
Apps and channels of Rupid
Rupid publishes 1 mobile app with over 1K+ downloads.
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 $120,000
- Total Rounds 1
- Last Round Seed — $120,000
- First Round $120,000
(Jul 2023)
- Investors Count 4
All 1 funding rounds of Rupid 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 2023 | $120,000 | Seed | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accelerator program offering mentorship, funding, and network access to early-stage startups. | 2021 | evolvexaccelerator.com | Mumbai, India | |
Early-stage startups are supported by sector-agnostic studio PedalStart. | pedalstart.com | Gurugram, India | ||
Potato farming, grain marketing, and equipment services are provided in Maine. | 2022 | beejnetwork.com | Chennai, India | |
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India |
Investor details for Rupid
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Rupid Technology Labs Private Limited (Rupid)
Rupid Technology Labs Private Limited is the primary company behind Rupid. The board of Rupid Technology Labs Private Limited currently have 2 directors; the longest-serving is Karishma Chowdary Ramanavarapu, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Karishma Chowdary Ramanavarapu DIN 09659880 | Director | 01 Jul 2022 | 4 yrs 3 mo | Rupid Technology Labs Private Limited |
| Gowtham Phanindra Varma Alluri DIN 07479928 | Director | 25 Sep 2023 | 3 yrs 1 mo | Rupid Technology Labs Private Limited |
People of Rupid
4 people are tracked at Rupid (4 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
P C Varma | Co-Founder & CTO | Leadership |
| Co-Founder & CEO | Leadership | |
Gowtham A. | Founder & CEO | Leadership |
Complete people profiles for Rupid
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.
Timeline of Rupid
2 dated milestones of Rupid across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Rupid is founded.
- Funding First funding round of $120K.
Competitors of Rupid
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| finjinn.com | 2020 | Bengaluru, India | Offers an employee payroll management platform for businesses. | |||
| vrddi.com | 2022 | Noida, India | 6 | A tech-enabled solution for employee financial wellness in organizations. | ||
| goodbits.in | 2016 | Kochi, India | 1 | Digital coupons and tax benefits solutions |
Detailed competitors of Rupid
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- Competitive positioning
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Related news about Rupid
Complete news archive for Rupid
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- Full article archive
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- Older coverage
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Frequently Asked Questions about Rupid
Rupid was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Rupid is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Gowtham Alluri is the CEO of Rupid, as recorded in our data. They have also founded this 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 2023.
Rupid has 1 employees.
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.
Rupid offers Earned Wage Access (EWA) and Rupid App.
Rupid has 4 investors. Key investors include We Founder Circle, EvolveX, Beej Network, and PedalStart.
Rupid operates through Rupid Technology Labs Private Limited.
The legal entities of Rupid currently have 2 directors, including Gowtham Phanindra Varma Alluri, Karishma Chowdary Ramanavarapu.
Yes. Rupid publishes Rupid, with over 1,000 downloads.