RedCarpetUp - About the company
RedCarpetUp is a series A company based in Gurugram (India), founded in 2013 by Kartik Venkataraman. It operates as an Online platform offering short-term credit solutions. RedCarpetUp has raised $6.59M in funding from Y Combinator and Lightspeed, with a current valuation of $*****. The company has 13 active competitors, including 7 funded and 2 that have exited. Its top competitors include companies like Snapmint, ONEMi and Simpl.
Company Details
Online platform offering short-term credit solutions. It issues credit cards to individuals and enables installment‑based financing for online and offline purchases.
- Website
- redcarpetup.com
- Social
- Email ID
- *****@redcarpetup.com
- Phone Number
- +91 **********
- Registered Address
- C1-622, PALAM VIHAR, BLOCK-C1, VILLAGE CHOME, Gurgaon, GURGAON, Haryana, India, 122017
Key Metrics
Founded Year
2013
Location
Gurugram, India
Stage
Series A
Total Funding
$6.59M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jul 22, 2019
Investors
Ranked
5th among 13 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2026
Employee Count
88 as on Sep 30, 2026
Similar Companies
Legal entities associated with RedCarpetUp
RedCarpetUp is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
REDCARPET TECH PRIVATE LIMITED CIN: U74999HR2016PTC064093 , India, Active | May 14, 2016 | 0 - ₹10 Cr (As on Mar 31, 2026) | 237 (As on Aug 31, 2019) |
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RedCarpetUp's funding and investors
RedCarpetUp has raised a total funding of $6.59M over 5 rounds. Its first funding round was on 2015. Its latest funding round was a Series A round on Jan 25, 2019 for $*****. 5 investors participated in its latest round. RedCarpetUp has 8 institutional investors and 13 angel investors.
Here is the list of recent funding rounds of RedCarpetUp:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 25, 2019 | 1804879 | Series A | 8235504 | 3944325 | 8665826 | 8248568 |
Jun 21, 2017 | 1092256 | Angel | 6978859 | 9739398 | 1982601 | |
Jun 16, 2016 | 3601232 | Seed | 4104955 | 3570117 |
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RedCarpetUp's founders and board of directors
Founder? Claim ProfileThe founders of RedCarpetUp is Kartik Venkataraman. Kartik Venkataraman is the CEO of RedCarpetUp.
Here are the details of RedCarpetUp's key team members:
- Kartik Venkataraman: Founder & CEO of RedCarpetUp and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
RedCarpetUp's Board of Directors
RedCarpetUp's board has 2 active members. Kartik Venkataraman and Sandeep Srinivasa are part of team.Here is the list of RedCarpetUp's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 5m | |
Team | - | Current | 10y 5m |
View details of RedCarpetUp's Founder profiles and Board Members
RedCarpetUp's employee count trend
RedCarpetUp has 88 employees as of Sep 26. Here is RedCarpetUp's employee count trend over the years:
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RedCarpetUp's Competitors and alternates
Top competitors of RedCarpetUp include Snapmint, ONEMi and Simpl. Here is the list of Top 10 competitors of RedCarpetUp, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online retailer of electronics, appliances, fashion, and home and kitchenware | $181M | 77/100 | ||
2nd | EMI based purchase loan provider | $5M | - | 55/100 | |
3rd | Provider of an online marketplace platform for purchase financing | $83M | 55/100 | ||
4th | Online marketplace platform offering purchase financing solutions for shoppers | - | 45/100 | ||
5th | RedCarpetUp 2013, Gurugram (India), Series A | Online platform offering short-term credit solutions | $6.59M | 45/100 | |
6th | Consumer lending platform for eCommerce purchases | - | - | 41/100 | |
7th | Galaxycard 2017, Gurugram (India), Seed | Smartphone-linked credit cards for consumers | $548K | 41/100 | |
8th | e-commerce purchase loan platform | $2.3M | 38/100 | ||
9th | Online marketplace for purchase financing | $71.1K | 38/100 | ||
10th | Provider of purchase loans at the point of sale for lenders and merchants | $6.5M | 37/100 |
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Financials of RedCarpetUpFY 26 Available
REDCARPET TECH PRIVATE LIMITED, the legal entity associated with RedCarpetUp, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of REDCARPET TECH PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 27% in the last 1 year.
Financial Statement Summary
Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 8451 | 9704 | 6445 | 1030 | 7481 |
Total Sales | 7423 | 3719 | 9060 | 8052 | 5863 |
Total Expenses | 9016 | 4086 | 2138 | 2616 | 8993 |
Operating Expenses | 3448 | 4752 | 4746 | 8536 | 8158 |
Employee Expenses | 6623 | 5865 | 4266 | 9109 | 3660 |
Operating Income (EBIT) | 8971 | 6755 | 8610 | 3792 | 4621 |
Interest Expenses | 9867 | 4747 | 4107 | 8238 | 8130 |
Expenses from other activities | 5275 | 5194 | 8175 | 4169 | 2715 |
EBITDA | 8001 | 2676 | 7705 | 3900 | 7452 |
Taxes | 9040 | 4674 | 7825 | 1404 | 4189 |
Net Profit | 6163 | 4727 | 7646 | 2512 | 4989 |
Balance Sheet | |||||
Assets | 5404 | 7021 | 7736 | 9369 | 8244 |
Accounts Receivables | 6556 | 9590 | 1839 | 2568 | 7764 |
Inventory | 6955 | 6401 | 7771 | 5625 | 7112 |
Liabilities | 1505 | 1240 | 8338 | 6261 | 3632 |
Total Debt | 6650 | 6987 | 7256 | 6173 | 3444 |
Accounts Payable | 1269 | 2606 | 2467 | 4213 | 3934 |
Equities | 2297 | 7434 | 5879 | 8050 | 2017 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
RedCarpetUp's Investments and acquisitions
RedCarpetUp has made no investments or acquisitions yet.
Reports related to RedCarpetUp
Here is the latest report on RedCarpetUp's sector:
News related to RedCarpetUp
•
GimBooks partners with RedCarpet to introduce quick ‘Credit-On’ cardExpress Computer•Nov 25, 2021•GimBooks, RedCarpetUp
•
Gurgaon-based RedCarpet Raises $2.5mn Funding from Lightspeed Venture PartnersTechStory•Mar 01, 2017•RedCarpetUp
•
Fintech startup RedCarpet raises $2.5m; Ideaspring backs KaromiDeal Street Asia•Mar 01, 2017•RedCarpetUp, Lightspeed
•
Micro lending startup RedCarpet raises $2.5M from LightspeedIndiatimes•Mar 01, 2017•RedCarpetUp, Lightspeed Venture Partners, Lightspeed
•
Check out the six startups selected for Google’s accelerator programmeVCCircle•May 20, 2016•Google, Taskbob, PlaySimple, RedCarpetUp and 3 others
•
A sneak-peek at the 6 Indian startups selected for Google Launchpad programmee27•May 12, 2016•Google, Taskbob, ShareChat, RedCarpetUp
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