TWID - About the company
TWID is a series A company based in Bengaluru (India), founded in 2020 by Rishi Batra, Amit Sharma, Amit Koshal and Kushal Ramaiah. It operates as a Provider of a platform for aggregating and redeeming reward points. TWID has raised $14.5M in funding from investors like Rakuten, Beenext and Surge, with a current valuation of $*****. The company has 246 active competitors, including 42 funded and 22 that have exited. Its top competitors include companies like PhonePe, Jupiter and RecargaPay.
Company Details
Provider of a platform for aggregating and redeeming reward points. The platform allows users to consolidate reward points from various credit cards, debit cards, and brands. It facilitates the use of these points for savings at checkout with participating merchants. The platform aims to streamline the reward redemption process for consumers.
- Website
- twidpay.com
- Social
- Email ID
- *****@twidpay.com, *****@twidpay.com
- Registered Address
- G-25 S/F Krishna Nagar, Near Main Road, East Delhi, New Delhi, Delhi, India, 110051
Key Metrics
Founded Year
2020
Location
Bengaluru, India
Stage
Series A
Total Funding
$14.5M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Sep 14, 2022
Ranked
13th among 246 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
102 as on May 31, 2025
Legal entities associated with TWID
TWID is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Innotarget Fashalot Retail Private Limited CIN: U74999DL2015PTC289041 , India, Active | Dec 30, 2015 | 0 - ₹10 Cr (As on Mar 31, 2025) | 1 (As on Mar 31, 2023) | |
TWID REWARDS GLOBAL PRIVATE LIMITED CIN: U72900KA2021FTC145247 , India, Active | Mar 12, 2021 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 102 (As on May 31, 2025) | |
TWID PAY GLOBAL PTE. LTD. CIN: 202105581Z , Singapore, Active | Feb 14, 2021 | - | - |
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TWID's funding and investors
TWID has raised a total funding of $14.5M over 2 rounds. Its first funding round was on Jul 05, 2021. Its latest funding round was a Series A round on Aug 03, 2022 for $*****. 8 investors participated in its latest round. TWID has 10 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of TWID:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 03, 2022 | 1884864 | Series A | 3876674 | 4178999 | 5100827 | 2801869 |
Jul 05, 2021 | 3731918 | Seed | 8913749 | 5687550 |
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TWID's founders and board of directors
Founder? Claim ProfileThe founders of TWID are Rishi Batra, Amit Sharma, Amit Koshal and Kushal Ramaiah. Amit Koshal is the CEO of TWID.
Here are the details of TWID's key team members:
- Rishi Batra: Co-Founder & COO of TWID and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
- Amit Sharma: Co-Founder & CTO of TWID. They serve on the board of 1 company.Contact Info: 1 email address
- Amit Koshal: Co-Founder & CEO of TWID and founder of 1 other company. Contact Info: 1 email address
- Kushal Ramaiah: Co-Founder of TWID. Contact Info: 1 email address
TWID's Board of Directors
TWID's board has 3 active members. Rishi Batra, Amit Sharma and Amit Koshal are part of team.Here is the list of TWID's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 5m | |
Team | - | Current | 10y 5m | |
Team | - | Current | 10y 5m |
View details of TWID's Founder profiles and Board Members
TWID's employee count trend
TWID has 102 employees as of May 25. The total employee count is 27.0% more than what it was in May 24. Here is TWID's employee count trend over the years:
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TWID's Competitors and alternates
Top competitors of TWID include PhonePe, Jupiter and RecargaPay. Here is the list of Top 10 competitors of TWID, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital payment, financial, and technology solutions for consumers | $1.01B | 86/100 | ||
2nd | Online platform offering a suite of financial services | $201M | 76/100 | ||
3rd | RecargaPay 2004, Sao Paulo (Brazil), Series C | Mobile wallet and prepaid card provider | $127M | 76/100 | |
4th | Venmo 2009, New York City (United States), Acquired | Provider of a platform for sending and receiving payments between users | $1.3M | 76/100 | |
5th | Curve 2015, London (United Kingdom), Acquired | Provider of digital wallet software consolidating multiple payment card accounts | $323M | 75/100 | |
6th |  GCash 2015, Taguig (Philippines), Series D | Provider of a platform for financial transactions and related services | $175M | 73/100 | |
7th | Card-linked and app-based wallet for individuals | $32M | 73/100 | ||
8th | Online cross-border remittance platform for individuals | $50.2M | 73/100 | ||
9th | Provider of digital wallet services for payments, transfers, and budgeting | $100M | 65/100 | ||
10th |  Instapay Technologies 2017, Kuala Lumpur (Malaysia), Series A | Wallet-enabled money transfer solutions for businesses and individuals | $7.75M | 63/100 | |
13th | Provider of a platform for aggregating and redeeming reward points | $14.5M | 60/100 |
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TWID's Investments and acquisitions
TWID has made no investments or acquisitions yet.
Reports related to TWID
Here is the latest report on TWID's sector:
News related to TWID
Filter this listMedia has covered TWID for a total of 3 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
•
India’s alternative payments ecosystem spotlights rewards and the stored valueCXOtoday•Jan 22, 2026•Kiwi, TWID
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Hyperface and TWID Partner to Redefine Credit Card EngagementCyberMedia India Online•Aug 19, 2025•Hyperface, TWID
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boAt integrates TWID’s ‘Pay with Rewards’ technology to enhance the shopping experienceTvnews4u•May 16, 2025•TWID, boAt
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Swiggy partners with TWID to introduce ‘Pay with Rewards’ for consumerIndiatimes•May 08, 2025•TWID, Swiggy
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redBus joins hands with Twid to roll out reward points for bus travel paymentsIndiatimes•Mar 27, 2025•TWID, Redbus
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Portronics Goes Live with Twid's 'Pay with Rewards', to Make Shopping Smarter and More RewardingBusiness Standard•Mar 05, 2025•TWID, Portronics
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Twid Unveils Industry-First 'Reward Mandates' to Revolutionise subscription payment setupsAsian News International•Sep 03, 2024•TWID
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Visa partners seven new startups to accelerate payments innovation in Asia PacificPR Newswire•May 16, 2023•Visa, Dowsure, Doxa Holdings, Kadmos and 4 others
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