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.

Which legal entities is Cheq associated with?

Cheq is associated with TERRAFIN SOLUTIONS PRIVATE LIMITED.

How many employees does Cheq have?

As of Jul 31, 2026, the latest employee count at Cheq is 15.

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 16th amongst 149 active competitors, of which 10 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Navi, which secured $100M in Aug, 2026.

Who are the top competitors of Cheq?

Cheq's top competitors include PhonePe, MobiKwik and Paytm. Among them, Navi secured the most recent funding round in August, 2026.

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

Company Details

Provider of a digital payment platform for international travellers to facilitate seamless transactions across a national payment network. The platform enables users to manage funds and perform digital payments at various merchant locations. It offers a mobile application that allows for the scanning of payment codes to complete transactions without the need for physical currency. The service is designed to integrate with existing digital payment infrastructure to provide a convenient experience for individuals visiting the country.

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

16^th among 149 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

15 as on Jul 31, 2026

Similar Companies

Grab & 1940 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	4226723	Seed	9773809	2010154	2878160	3369031
Jun 29, 2022	8439380	Seed	9384638	2893786	3981056	Multiply Ventures & 2 more
Feb 15, 2022	5414959	Seed	9408044	4927205	Angel List	9753161

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View details of Cheq's funding rounds and investors

The founders of Cheq is Manish Kumar Shukla.

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

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

Cheq's Board of Directors

Cheq's board has 6 active members. Manish Kumar Shukla, Sudhanshu Shekhar, Nagarjuna Malempati and Yakkaluru Guru Prashanth are part of team and Raghu Vamsi Gonnabathula and Sreeram Juluru are independent board members.

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

Name	Type	Representing	Status	Duration
Manish Kumar Shukla	Team	-	Current	5y 1m
Sudhanshu Shekhar	Team	-	Current	0y 6m
bzepyki	Team	-	Current	1y 8m
il{klhm	Team	-	Current	6y 2m
Raghu Vamsi Gonnabathula	Independent board member	-	Current	0y 6m
{qkbedg	Independent board member	-	Current	3y 6m

View details of Cheq's Founder profiles and Board Members

Cheq's employee count trend

Cheq has 15 employees as of Jul 26. Here is Cheq's employee count trend over the years:

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Top competitors of Cheq include PhonePe, MobiKwik 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	$1.71B	Walmart, General Atlantic & 25 others	86/100
2nd	MobiKwik 2009, Gurugram (India), Public	Provider of digital payment services for mobile and utility bills	$284M	Peak XV Partners, NET1 & 125 others	76/100
3rd	Paytm 2000, Noida (India), Public	Provider of digital payment processing and financial service management tools	$2.76B	Alibaba Group, Intel & 77 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 2018, Bengaluru (India), Series C	Provider of financial products including UPI, loans, insurance, and mutual funds	$545M	Gaja Capital, NDX Financial Services & 40 others	73/100
6th	Super.Money 2023, Bengaluru (India), Unfunded	Provider of digital payment services and interest free installment credit	-	-	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	58/100
9th	OLA Money 2015, Bengaluru (India), Series A	Provider of digital financial products and services	$27.2M	Alpha Wave Global, Z47 & 2 others	56/100
10th	UltraCash 2014, Bengaluru (India), Unfunded	High frequency sound based money transfer company	-	-	53/100
16th	Cheq 2021, Bengaluru (India), Seed	Provider of a digital payment platform for international travellers to facilitate seamless transactions across a national payment network	$10.8M	Multiply Ventures, Mars Shot Ventures & 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	9049736	2610487	8412246	3098735
Manish Kumar Shukla	2519794	7585442	5518594	7625220	4816254	6402544
Fund	3.28%	2.32Cr	369	463	619	393
Angel List	738	563	422	856	849	386
Other People	27.25%	19.3Cr	8604742	8311401	8229522	6858534
ESOP Pool	15.00%	10.6Cr	4921938	9542518	3822594	9206591
Total	100.00%	70.7Cr	1542248	3657660	8243609	9634514