About Twid
Twid is a Financial Services company based in Bengaluru (India) founded in 2016 by Kushal Ramaiah, Rishi Batra, Amit Sharma, and Amit Koshal. Reward points across loyalty programs are aggregated for payment use. It operates on a FinTech model. Twid has raised $18.87 million across 12 funding rounds from investors including Google, Capillary Technologies and Rakuten. The company has 102 employees. Twid was last valued at $50.07 million in September 2022. Its chief executive, as recorded, is Amit Koshal. Its website twidpay.com draws about 228 thousand monthly visits. Twid offers products and services including Reward Points Payment Platform. Its focus areas include Payment Solutions and Digital Payments. Its legal entity is TwidPay. Its competitors include Indepay, MallEazy and OpinionTrue.
Company details
TwidPay is engaged in providing a platform for aggregating reward points from credit cards, debit cards, and brands. The service is designed to enable users to track, redeem, and earn points seamlessly at payment checkouts. Solutions are offered for consumers, merchants, and issuers to facilitate instant savings and enhance payment experiences. The platform is built to integrate with various merchant partners, allowing points to be used like cash both online and offline.
- Headquarters Bengaluru, India
- Employees 102
- Founders Kushal Ramaiah, Rishi Batra, Amit Sharma, Amit Koshal
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Website twidpay.com
- Social LinkedIn X Facebook
- Legal Name Twidpay
- Total Equity Funding$18.87M (USD)
in 12 rounds
- Latest Funding Round$597.5K (USD), Series A
Sep 2022
- InvestorsGoogle
& 28 more
- Employee Count102
Associated legal entities of Twid
Twid is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Twid Rewards Global Private Limited CIN U72900KA2021FTC145247 | Active | 12 Mar 2021 | Bangalore, Karnataka | ₹33.9 Cr | 91 | 3 | View details |
| Innotarget Fashalot Retail Private Limited CIN U74999DL2015PTC289041 | Active | 30 Dec 2015 | New Delhi, Delhi | ₹0.0 Cr | 1 | 3 | View details |
Products & Services of Twid
Twid offers a comprehensive portfolio of products and services, including Reward Points Payment Platform.
Reward points are aggregated for seamless payment usage.
Funding Insights of Twid
Twid has successfully raised a total of $18.87M across 12 strategic funding rounds. The most recent funding activity was a Series A round of $597.5 thousand completed in September 2022. 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 $18.87M
- Total Rounds 12
- Last Round Series A — $597,500
- First Round $435,630
(Feb 2016)
- Investors Count 29
Latest 10 of 12 funding rounds of Twid 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 |
|---|---|---|---|---|---|
| Sep 2022 | $597,500 | Series A | $50.07M | TNS Investment | |
| Aug 2022 | $12M | Series A | – | Rakuten | |
| Jul 2021 | $2.5M | Series A | – | Beenext, Surge | |
| Apr 2020 | $118,511 | Angel Round | – | Rajiv Ahuja | |
| Dec 2019 | $50,950 | Seed | – | SCV | – |
| Dec 2019 | $50,950 | Seed | – | SCV | – |
| Sep 2019 | $1.42M | Seed | – | – | |
| Jul 2017 | $623,164 | Seed | – | YourNest | |
| Jun 2017 | $618,754 | Seed | $3.75M | Capillary Technologies, YourNest | |
| Nov 2016 | $209,685 | Seed | – | YourNest | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $50.07M | •••••••• |
| Jun 2017 | $3.75M | •••••••• |
| Feb 2016 | $••••• | •••••••• |
Full valuation and stage history of Twid
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $50.07M (Sep 2022). 29 investors in total: 16 institutional and 13 angel.
Investors in Twid
Twid has secured backing from 29 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Google, Capillary Technologies and Rakuten.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are managed by G V Sanjay Reddy's family office. | reddy.co.in | Hyderabad, India | ||
Seed-series venture capital is invested in tech startups. | Delhi, India | |||
Acceleration is provided to startups across multiple sectors by Surge. | surgeahead.com | |||
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Venture capital and infrastructure investments are directed toward multiple sectors. | icmgpartners.com | Singapore, Singapore | ||
Investments in early-stage tech startups are made by JAFCO Asia. | jafcoasia.com | Singapore, Singapore | ||
Venture capital and growth credit are provided to technology companies. | january.capital | Singapore, Singapore | ||
Early-stage DeepTech venture capital funding and support services in India. | 2011 | yournest.in | Gurugram, India | |
Venture capital funding is provided to innovative startups in India. | Mumbai, India | |||
Investor details for Twid
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Twid
The boards of the 2 registered companies of Twid currently have 3 directors; the longest-serving is Amit Koshal, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Koshal DIN 01725478 | Director | 30 Dec 2015 | 10 yrs 10 mo | Innotarget Fashalot Retail Private Limited, Twid Rewards Global Private Limited |
| Rishi Raj Batra DIN 05012047 | Director | 30 Dec 2015 | 10 yrs 10 mo | Innotarget Fashalot Retail Private Limited, Twid Rewards Global Private Limited |
| Amit Sharma DIN 06951848 | Director | 30 Dec 2015 | 10 yrs 10 mo | Innotarget Fashalot Retail Private Limited, Twid Rewards Global Private Limited |
People of Twid
26 people are tracked at Twid (9 in leadership, 17 in team); the tracked headcount is 102.
| Name | Role | Group |
|---|---|---|
Kushal Ramaiah | Co-Founder | Leadership |
| Co-Founder & COO | Leadership | |
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Shailesh Gnanaprakasam | Associate Vice President - Business | Leadership |
Dushyant Chauhan | Head, Issuer Success | Leadership |
Maulik Shah | Product Director | Leadership |
Vaibhav Srivastava | Senior Vice President - Product | Leadership |
Raja Shekar | Associate Director Of Product | Leadership |
Vivek Pandit | Operations | Team |
Mayank Jaiswal | Engineering Lead | Team |
Muskan Bhagat | Product Manager | Team |
Aishvarya Shinde | Lead - Talent Acquisition | Team |
Roopesh Lr | Principal Engineer | Team |
Chaitra Hebbar | Tech | Team |
Siddharth Lokre | Senior Finance Manager | Team |
Rishikesh Kumar | Senior Software Engineer | Team |
John Sathya | Lead Software Engineer | Team |
Yogesh Ganpule | Sr Quality Assurance | Team |
Aman Raj | Business | Team |
6 more people are available in the full profile.
Complete people profiles for Twid
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Financials of Twid
Figures of Innotarget Fashalot Retail Private Limited, the primary company behind Twid, for FY 2025. Revenue was ₹67,299. Net loss was -₹7.1 Lakh (-1049% margin). EBITDA was -₹9.4 Lakh (-1402% margin). Revenue has grown at a compounded annual rate of -74% over three years and -58% over five years.
- ₹67,299Revenue · FY 2025
- -₹7.1 LakhNet loss · -1049% margin
- -₹9.4 LakhEBITDA · -1402% margin
- ₹5.7 LakhPaid-up capital
- 1Employees (provident fund records)
- -74%Revenue CAGR, 3 years
- -58%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innotarget Fashalot Retail Private Limited are on its company page.
Detailed financial statements for Twid
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Twid
4 dated milestones of Twid across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Twid is founded.
- Funding First funding round of $436K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $598K.
Competitors of Twid
Twid has 3 listed competitors in our database. They include Indepay, MallEazy and OpinionTrue.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| indepay.com | 2007 | Delhi, India | Prepaid debit card-based correspondence banking | |||
| malleazy.com | 2021 | Gurugram, India | Provides a reward point payment solution for consumers and businesses. | |||
| opiniontrue.com | 2021 | India | A reward point checkout payment solution designed for consumers. |
Detailed competitors of Twid
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Twid
The website of Twid (twidpay.com) receives about 227.8K visits a month and ranks #168,552 among all websites worldwide, #10,408 in Finance.
- Monthly visits227.8K
▼ 17.2% vs previous month
- Unique visitors145.5K
per month
- Global rank#168,552
among all websites
- Category rank#10,408
Finance · Finance
- Bounce rate22%
- Pages per visit2.3
- Average visit44 sec
- DevicesDesktop 16% · Mobile 84%
Websites whose visitors overlap most with Twid. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| jiomart.com | 100% | 22.4M | #1,363 | View details | |
| netmeds.com | 65% | 6.3M | #10,624 | View details | |
| ccavenue.com | 57% | 8.2M | #7,404 | View details | |
| jio.com | 53% | 46.9M | #997 | View details | |
| linkedin.com | 41% | 1.9B | #18 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Twid (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Twid
Complete news archive for Twid
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Frequently Asked Questions about Twid
Twid was founded in 2016.
Twid is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Amit Koshal is the CEO of Twid, as recorded in our data. They have also founded this company.
Twid is a funded company, having raised a total of $18.87M across 12 funding rounds to date. The company's 1st funding round was a Seed of $209.69K, raised on Feb 2016.
Twid has 102 employees.
TwidPay is engaged in providing a platform for aggregating reward points from credit cards, debit cards, and brands. The service is designed to enable users to track, redeem, and earn points seamlessly at payment checkouts. Solutions are offered for consumers, merchants, and issuers to facilitate instant savings and enhance payment experiences. The platform is built to integrate with various merchant partners, allowing points to be used like cash both online and offline.
Twid's top competitors include Indepay, MallEazy and OpinionTrue.
Twid offers Reward Points Payment Platform.
Twid has 29 investors. Key investors include Google, Capillary Technologies, Rakuten, YourNest, and Reddy Ventures.
The valuation of Twid is $50.07M as of Sep 2022.
Twid is associated with 2 legal entities: Innotarget Fashalot Retail Private Limited, Twid Rewards Global Private Limited.
The legal entities of Twid currently have 3 directors, including Amit Koshal, Rishi Raj Batra, Amit Sharma.