Rupeeflo, founded in 2024, starts operations and eyes GIFT City
In short
Rupeeflo was founded in April 2024 by Maurya, Ashish Jha and Manav Bharambe, and it began operations in December 2024. The report says it is betting on GIFT City and wants a 30% revenue share, but gives few other details.
This matters because the Bengaluru-based fintech is trying to build a payments business. What customers it has, and how fast it can grow, is not stated.
What the reporting says
Rupeeflo, founded in April 2024 by Maurya, Ashish Jha and Manav Bharambe, began operations in December that year, according to a BusinessLine Money & Banking summary. The report does not state the company’s current products, funding, or the details behind its 30% revenue-share target. The immediate consequence is that the Bengaluru-based fintech is pushing a payments play through GIFT City, but the scale of progress is not fully stated.
Why it matters
Rupeeflo was founded in April 2024 by Maurya, Ashish Jha and Manav Bharambe and began operations in December 2024, according to the available summary. The report says the Bengaluru-based fintech is betting on GIFT City and targeting a 30% revenue share, but does not provide the underlying business mix, funding, or customer base. The immediate implication is an early-stage payments push with key details still unstated.