When was Cheq founded?

Cheq was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Cheq located?

Cheq is headquartered in Bengaluru, India. It is registered at 231, EDEN AU LAC APARTMENT, INDIRANAGAR, Bangalore, BANGALORE, Karnataka, India, 560038.

Who is the current CEO of Cheq?

Sudhanshu Shekhar of Cheq. They have also founded 1 company.

Which legal entities is Cheq associated with?

Cheq is associated with TERRAFIN SOLUTIONS PRIVATE LIMITED.

How many employees does Cheq have?

As of Jun 30, 2026, the latest employee count at Cheq is 14.

Is Cheq a funded company?

Cheq is a funded company, having raised a total of $10.8M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 15, 2022.

How much is Cheq worth?

The latest valuation of Cheq is $***** as of Jun 24, 2024.

When was the latest funding round of Cheq?

Cheq's latest funding was a $***** Seed round on Aug 23, 2023, with participation from 1 investor.

What is the annual revenue of Cheq?

Annual revenue of Cheq is less than ₹10 Cr as on Mar 31, 2025

Where does Cheq rank among its competitors?

Cheq ranks 13th amongst 143 active competitors, of which 11 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Jupiter, which secured $15M in Oct, 2025.

Who are the top competitors of Cheq?

Cheq's top competitors include PhonePe, Jupiter and Paytm. Among them, Jupiter secured the most recent funding round in October, 2025.

Cheq - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of UPI payment wallet for foreign tourists and NRIs. It offers a digital payment solution enabling them to transact using the UPI platform. The company facilitates cashless transactions for tourists, allowing them to pay merchants and access online services. It provides features such as fund loading from international cards, proactive support, and security measures.

Website: www.chequpi.com/
Social
Email ID: *****@terrafin.tech
Phone Number: +91 **********
Registered Address: 231, EDEN AU LAC APARTMENT, INDIRANAGAR, Bangalore, BANGALORE, Karnataka, India, 560038

Key Metrics

Founded Year

2021

Location

Bengaluru, India

Stage

Seed

Total Funding

$10.8M in 3 rounds

Latest Funding Round

Seed, Aug 23, 2023, $*****

Post Money Valuation

$***** as on Jun 24, 2024

Investors

Y Combinator & 8 more

Ranked

13^th among 143 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

14 as on Jun 30, 2026

Similar Companies

Grab & 1908 more

View Cheq's full profile

Cheq is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TERRAFIN SOLUTIONS PRIVATE LIMITED CIN: U72200KA2021PTC149861 , India, Active	Jul 23, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	-

Cheq has raised a total funding of $10.8M over 3 rounds. Its first funding round was on Feb 15, 2022. Its latest funding round was a Seed round on Aug 23, 2023 for $*****. 1 investor participated in its latest round. Cheq has 8 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Cheq:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 23, 2023	4385772	Seed	2479986	9471227	1676781	3214994
Jun 29, 2022	4489315	Seed	9646172	4556195	5731729	Multiply Ventures & 2 more
Feb 15, 2022	9327336	Seed	3097645	9021735	Angel List	8834014

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View details of Cheq's funding rounds and investors

The founders of Cheq are Manish Shukla and Sudhanshu Shekhar.

Here are the details of Cheq's key team members:

Manish Shukla: Co-Founder of Cheq and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 phone number
Sudhanshu Shekhar: Co-Founder & CEO of Cheq. They serve on the board of 1 company.
Contact Info: 1 phone number

Cheq's Board of Directors

Cheq's board has 2 active members. Manish Shukla and Sudhanshu Shekhar are part of team.

Here is the list of Cheq's board of directors:

Name	Type	Representing	Status	Duration
Manish Shukla	Team	-	Current	4y 10m
Sudhanshu Shekhar	Team	-	Current	4y 10m

View details of Cheq's Founder profiles and Board Members

Cheq's employee count trend

Cheq has 14 employees as of Jun 26. Here is Cheq's employee count trend over the years:

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Top competitors of Cheq include PhonePe, Jupiter and Paytm. Here is the list of Top 10 competitors of Cheq, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PhonePe 2015, Bengaluru (India), Acquired	Provider of digital payment, financial, and technology solutions for consumers	$1.01B	General Atlantic, Walmart & 25 others	86/100
2nd	Jupiter 2019, Mumbai (India), Series C	Online platform offering a suite of financial services	$201M	Peak XV Partners, Z47 & 77 others	76/100
3rd	Paytm 2000, Noida (India), Public	Provider of digital payment processing and financial service management tools	$2.76B	Alibaba Group, Berkshire Hathaway & 76 others	75/100
4th	Citrus Pay 2011, Mumbai (India), Acquired	Online payment app for consumers and businesses	$32.5M	Peak XV Partners, Ascent Capital & 4 others	74/100
5th	Navi 2012, Bengaluru (India), Series B	Provider of financial products including UPI, loans, insurance, and mutual funds	$445M	Gaja Capital, NDX Financial Services & 39 others	73/100
6th	Super.Money 2023, Bengaluru (India), Unfunded	Provider of a payments app offering UPI, card, deposit, and loan services	-	-	64/100
7th	Postpe 2021, Gurugram (India), Funding Raised	App-based platform for point of sale financing	-	-	59/100
8th	FreeCharge 2010, Gurugram (India), Acquired	Digital wallet for consumer payments	$117M	Tybourne Capital Management, Valiant Capital Management ... & 6 others	57/100
9th	OLA Money 2015, Bengaluru (India), Series A	Provider of digital financial products and services	$27.2M	Alpha Wave Global, Z47 & 2 others	55/100
10th	UltraCash 2014, Bengaluru (India), Unfunded	High frequency sound based money transfer company	-	-	53/100
13th	Cheq 2021, Bengaluru (India), Seed	Provider of UPI payment wallet for foreign tourists and NRIs	$10.8M	3one4 Capital, Angel List & 7 others	45/100

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Founders (largest shareholder) own 54.48%, Funds own 3.28%, Other People own 27.25% and ESOP Pool own 15.00%. The net worth of Cheq's founders is INR 38.5Cr as of Feb 15, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	54.48%	38.5Cr	4400020	9602230	4630234	8549417
Sudhanshu Shekhar	3933131	6645843	9827330	4087373	7144573	1493989
Manish Shukla	6357137	7071957	5211516	2723821	2335420	4917487
Fund	3.28%	2.32Cr	395	456	450	202
Angel List	799	994	372	150	656	170
Other People	27.25%	19.3Cr	2948657	5557585	1589892	1829806
ESOP Pool	15.00%	10.6Cr	1577040	7532319	7886602	9832602
Total	100.00%	70.7Cr	5714456	3101538	3515586	2834277