When was Rupid founded?

Rupid was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is Rupid located?

Rupid is headquartered in Hyderabad, India. It is registered at Pl-101 B,FL-501 Sri Ushodayaa Arcade,Nr Water tank, Hyderabad, Hyderabad, Telangana, India, 500049.

Who is the current CEO of Rupid?

Gowtham Alluri of Rupid. They have also founded 1 company.

Which legal entities is Rupid associated with?

Rupid is associated with RUPID TECHNOLOGY LABS PRIVATE LIMITED.

How many employees does Rupid have?

As of Sep 30, 2026, the latest employee count at Rupid is 5.

Is Rupid a funded company?

Rupid is a funded company, having raised a total of ₹***** in its 1st and only funding round, a Seed round on Apr 06, 2023.

How much is Rupid worth?

The latest valuation of Rupid is ₹***** as of Jun 20, 2023.

When was the latest funding round of Rupid?

Rupid's latest funding was a ₹***** Seed round on Apr 06, 2023, with participation from 6 investors. Its primary sector is HRTech. In India, the HRTech sector has seen $42.8M in funding in 2026 to date.

What is the annual revenue of Rupid?

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

Where does Rupid rank among its competitors?

Rupid ranks 10th amongst 13 active competitors, of which 7 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was SalarySe, which secured $11.3M in Oct, 2025.

Who are the top competitors of Rupid?

Rupid's top competitors include Clair, SalarySe and Refyne. Among them, SalarySe secured the most recent funding round in October, 2025.

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

Rupid is a seed company based in Hyderabad (India), founded in 2022 by Gowtham Alluri, Gowtham Alluri and PC Varma. It operates as a Provider of on demand salary benefits platform for employees. Rupid has raised $140K in funding from PedalStart and EvolveX Accelerator, with a current valuation of ₹*****. The company has 13 active competitors, including 7 funded and 1 that has exited. Its top competitors include companies like Clair, SalarySe and Refyne.

Company Details

Provider of on demand salary benefits platform for employees. It provides a platform that allows workers to access a portion of the earned pay on demand to manage engagement and retention for employers. It offers tools for tracking real time balance, credit building, HRMS integration, digital KYC, and more.

Website: rupid.in
Email ID: *****@rupid.in
Registered Address: Pl-101 B,FL-501 Sri Ushodayaa Arcade,Nr Water tank, Hyderabad, Hyderabad, Telangana, India, 500049

Key Metrics

Founded Year

2022

Location

Hyderabad, India

Stage

Seed

Total Funding

$140K in 1 round

Latest Funding Round

Seed, Apr 06, 2023, ₹*****

Post Money Valuation

₹***** as on Jun 20, 2023

Investors

PedalStart & 7 more

Ranked

10^th among 13 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

5 as on Sep 30, 2026

Similar Companies

Stream & 238 more

View Rupid's full profile

Rupid is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RUPID TECHNOLOGY LABS PRIVATE LIMITED CIN: U72900TG2022PTC164360 , India, Active	Jul 01, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	-

Rupid has raised a total funding of $140K over 1 round. Its latest funding round was a Seed round on Apr 06, 2023 for ₹*****. 6 investors participated in its latest round. Rupid has 4 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Rupid:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 06, 2023	7855618	Seed	3880006	3633777	3043715	2690735

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View details of Rupid's funding rounds and investors

The founders of Rupid are Gowtham Alluri, Gowtham Alluri and PC Varma. Gowtham Alluri is the CEO of Rupid.

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

Gowtham Alluri: Co-Founder of Rupid.
Contact Info: 1 email address
Gowtham Alluri: Co-Founder & CEO of Rupid.
Contact Info: 1 email address and 1 phone number
PC Varma: Co-Founder & CTO of Rupid.

View details of Rupid's Founder profiles and Board Members

Rupid's employee count trend

Rupid has 5 employees as of Sep 26. Here is Rupid's employee count trend over the years:

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Top competitors of Rupid include Clair, SalarySe and Refyne. Here is the list of Top 10 competitors of Rupid, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Clair 2019, New York City (United States), Series B	Cloud-based employee benefits platform for on-demand pay	$67.7M	Thrive Capital, Upfront Ventures & 9 others	71/100
2nd	SalarySe 2023, Gurugram (India), Series A	Fintech platform providing financial products including credit cards and salary advances	$16.6M	Pravega Ventures, Flourish & 9 others	67/100
3rd	Refyne 2020, Bengaluru (India), Series B	Provider of earned wage access and financial wellness solutions	$106M	Tiger Global Management, XYZ Venture Capital ... & 10 others	55/100
4th	Jify 2021, Mumbai (India), Acquired	Provider of on-demand salary, money management, and financial wellness solutions	$11.8M	Amica Financial Technologies, Varcap Advisors ... & 56 others	51/100
5th	Vrddi 2022, Noida (India), Unfunded	Cloud-based financial benefits and employee wellness solutions for businesses	-	-	40/100
6th	Upsolv 2023, Bengaluru (India), Unfunded	Platform offers a financial protection solution for working professionals	-	-	38/100
7th	Kaarva 2018, Bengaluru (India), Seed	Flexible salary platform that empowers employees to access a portion of earned salaries	$725K	Lead Angels, Vistra ITCL & 29 others	34/100
8th	Tremendous 2010, San Francisco (United States), Seed	Provider of rewards and financial benefits management platform for enterprises	$120K	Y Combinator	33/100
9th	Myfinfi 2022, Mumbai (India), Seed	Cloud based platform for employee financial benefits	$323K	LVX & 2 others	29/100
10th	Rupid 2022, Hyderabad (India), Seed	Provider of on demand salary benefits platform for employees	$140K	We Founder Circle, PedalStart & 6 others	28/100

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Founders (largest shareholder) own 85.00%, Funds own 13.29% and Angels own 1.71%. The net worth of Rupid's founders is INR 7.64Cr as of Jun 20, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	85.00%	7.64Cr	7232726	2398649	8853480	4954301
Gowtham Alluri	3720622	6178374	1916163	9553146	9127048	1484866
PC Varma	4070245	9150740	2541229	4385134	4371077	5345770
Fund	13.29%	1.19Cr	6013783	3992193	1873864	6558685
EvolveX Accelerator	7711	9997	5443	5348	8250	5010
PedalStart	80	30	19	30	59	51
Angel	1.71%	15.3L	2	4	2	2
Total	100.00%	8.99Cr	5793626	1189821	3630209	3121083