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Jupiter - About the company

Jupiter is a series C company based in Mumbai (India), founded in 2019 by Jitendra Gupta and . It operates as a Provider of a financial management app offering banking services. Jupiter has raised $167M in funding from investors like Peak XV Partners, Z47 and Tiger Global Management, with a current valuation of ₹5,370°ä°ù. The company has 23 active competitors, including 13 funded and 4 that have exited. Its top competitors include companies like Fi, Freo and Niyo.

Company Details

Provider of a financial management app offering banking services. This app integrates various financial tools, including savings accounts, credit cards, personal loans, mutual funds, and investment tracking. It partners with established banking institutions to provide these services, ensuring security and regulatory compliance. The platform also features financial literacy resources and calculators to aid users in managing their finances effectively. The app aims to simplify personal finance management through a user-friendly interface and integrated features.
Website
Social
Email ID
@jupiter.money
Key Metrics
Founded Year
2019
Location
Mumbai, India
Stage
Series C
Total Funding
in 7 rounds
Latest Funding Round
Post Money Valuation
as on May 21, 2024
Ranked
1st among
Annual Revenue
as on Mar 31, 2024
Employee Count
as on Mar 31, 2025
Investment & Acquisitions
Similar Companies
&
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Jupiter's funding and investors

Jupiter has raised a total funding of $167M over 7 rounds. Its first funding round was on Sep 30, 2019. Its latest funding round was a Series C round on Jun 21, 2024 for $2.39M. 8 investors participated in its latest round, lead by Peak XV Partners.

Jupiter has 44 institutional investors including Peak XV Partners, Z47 and Tiger Global Management. Sequoia Capital is the largest institutional investor in Jupiter. Sandeep Tandon and 33 others are Angel Investors in Jupiter.

Here is the list of recent funding rounds of Jupiter:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Jun 21, 2024
$2.39M
Series C
9838810
4829093
Mar 14, 2023
$849K
Series C
4170551
7640855
Dec 30, 2022
$12.1M
Venture Debt
8230027
3079460
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Jupiter's founders and board of directors

The founders of Jupiter are Jitendra Gupta and .
Here are the details of Jupiter's key team members:

Jupiter's Board of Directors

Jupiter's board has 2 active members. Jitendra Gupta and are part of team.
Here is the list of Jupiter's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
5y 10m
cckqjvr
Team
-
Current
3y 8m
Independent board member
-
Current
5y 7m
cmpmuhu
Independent board member
-
Current
8y 4m
gzbgrsu
Independent board member
-
Current
9y 1m
View details of

Jupiter's employee count trend

Jupiter has 359 employees as of Mar 25. The total employee count is 84.0% lower than what it was in Mar 24. Here is Jupiter's employee count trend over the years:
Employee count trend for Jupiter
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Jupiter's Competitors and alternates

Top competitors of Jupiter include Fi, Freo and Niyo. Here is the list of Top 10 competitors of Jupiter, ranked by ÃØÃÜÑо¿Ëù score:
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for Jupiter
2019, Mumbai (India), Series C
Provider of a financial management app offering banking services
$167M
74/100
2nd
Logo for Fi
Fi
2019, Bengaluru (India), Series C
Digital bank for individuals
$169M
Temasek, HillhouseÌý&²¹³¾±è;Ìý
70/100
3rd
Logo for Freo
Freo
2015, Bengaluru (India), Series B
Neobank for individuals
$46.3M
New Enterprise Associates, ADQÌý&²¹³¾±è;Ìý
67/100
4th
Logo for Niyo
Niyo
2015, Bengaluru (India), Series C
Online platform for wealth management
$179M
, AccelÌý&²¹³¾±è;Ìý
67/100
5th
Logo for Avail Finance
Avail Finance
2017, Bengaluru (India), Acquired
Neobank for individuals
$38.5M
Matrix, 360 OneÌý&²¹³¾±è;Ìý
52/100
6th
Logo for OneBanc Technologies
OneBanc Technologies
2019, Gurugram (India), Series A
Digital bank for individuals
$7.15M
Info Edge Ventures, LetsVentureÌý&²¹³¾±è;Ìý
50/100
7th
Logo for Aceware Technologies
Aceware Technologies
2010, Kochi (India), Unfunded
Provider of Neo Bank and Payment Wallet
-
-
45/100
8th
Logo for Neowise
Neowise
2020, Mumbai (India), Acquired
Digital bank for individuals
-
-
45/100
9th
Logo for RapiPay
RapiPay
2018, Delhi (India), Acquired
Provider of an agent-based payment solutions for businesses
$24M
, DaburÌý&²¹³¾±è;Ìý
42/100
10th
Logo for Fyp Money
Fyp Money
2021, Gurugram (India), Seed
App-based digital bank for teenagers
$2M
-
40/100
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Jupiter's Latest cap tables and shareholding

Founders own 36.55%, Funds (largest shareholder) own 48.92%, Enterprises own 3.12% and Angels own 3.27%. The net worth of Jupiter's founders is INR 1,960Cr as of May 21, 2024.
Shareholders Name
Post Round Holding %
Net worth
Cumulative investment
Realised returns
Unrealised returns
Return multiple
Founder
36.55%
1,960Cr
8359648
6279116
1199426
5367884
6133525
3690588
5576664
8481331
1818729
4853752
Fund
48.92%
2,630Cr
8546862
7336426
1129164
7811692
0
0
0
0
0
0
6215
1618
6741
9335
4190
5818
57
40
39
78
22
92
0
0
0
0
0
0
0
0
0
0
0
0
Enterprise
3.12%
167Cr
939
216
882
118
Angel
3.27%
175Cr
637
690
351
541
Other People
0.04%
1.96Cr
0
0
0
0
ESOP Pool
8.16%
439Cr
3786197
4270398
3217466
2409764
Total
100.00%
5,370Cr
1543884
3141325
4859503
6842436
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Jupiter's Shareholding

Jupiter's Investments and acquisitions

Jupiter has made 2 investments in companies including Kultua and Pencilton. Jupiter has also acquired 2 companies including sumHR and EasyPlan. Here is the list of investments & acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Feb 17, 2023
Acquisition
2010
Mumbai, India
Jan 05, 2023
Investments
2020
Rio de Janeiro,
Jun 28, 2021
Acquisition
2017
Mumbai, India
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Reports related to Jupiter

Here is the latest report on Jupiter's sector:
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News related to Jupiter

Media has covered Jupiter for a total of 23 events in the last 1 year, 8 of them have been about company updates and 3 about people movement.
•
Adgully•May 16, 2025•Jupiter
•
MSN•Mar 18, 2025•BillDesk, , Groww, Jupiter
•
MarketBeat•Mar 12, 2025•Jupiter, AbbVie
•
Livemint•Mar 11, 2025•Jupiter, Upwardly, Scripbox, Citrus Pay and 1 other
•
Benzinga•Feb 19, 2025•Meteora Capital, Jupiter,
•
City A.M.•Feb 03, 2025•Invesco Perpetual, Baker Steel, Pictet Group, Fidelity Investments and 6 others
•
electronicsforyou.biz•Jan 31, 2025•Jupiter, , Jupiter
•
PANews•Jan 25, 2025•Jupiter, Moonshot, , Sonar Watch and 3 others
•
Tech in Asia•Jan 20, 2025•Moonshot, Jupiter
•
Business Standard•Jan 18, 2025•Aurm, Jupiter
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