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Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
rainmatter.com

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Investments

22

Portfolio Exits

1

About Rainmatter

Rainmatter is a Bangalore based incubator offering infrastructure, mentorship, funding and beyond for startups.

Rainmatter Headquarter Location

Bengaluru,

India

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Rainmatter Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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Rainmatter Rank

Latest Rainmatter News

RuleZero raises Rs10 crore from Rainmatter Capital, Kris Gopalakrishnan

May 10, 2021

The company is looking to enhance its technology and to increase its customer deployments The round also saw participation from Infosys co-founder, Kris Gopalakrishnan, IndusLaw, and Reddy Futures LLP, among others. 2 min read . 02:16 PM IST The two-year-old startup offers equity management software to private invested companies, investors, investment bankers, lawyers and company secretaries. Its flagship product, Hissa, manages ownership data of the company, automates share issuance processes and helps in employee benefit plan (ESOP) creation. The platform also equips management with mechanisms to track and certify cap tables and manage transactions. Ownership data of a company on the platform includes security instruments such as equity and equity-linked securities and debentures. “Manual processes, limited number of skilled professionals and the absence of a single source of truth has resulted in private companies suffering from compliance issues, limited liquidity, high financing costs and delays. RuleZero is solving this problem by building an intelligent platform that enables stakeholder participation and capital flow in a transparent, efficient and compliant manner," said Srinivas Katta, co-founder RuleZero. RuleZero’s Hissa also acts as a marketplace connecting customers to other legal service providers. “At Rainmatter, we are constantly looking out for innovative tech companies that are working on enabling and encouraging financial transactions. Rulezero is a platform that automates various manual tasks and paperwork involved in private investments and facilitates such transactions," said Nithin Kamath, founder and chief executive officer (CEO) at Zerodha. 1 min read . 10:03 AM IST RuleZero was co-founded by Katta and Satish Mugulavalli. While Katta is one of the founding partners of IndusLaw, an Indian multi-speciality law firm; Mugulavalli is a technology entrepreneur and was most recently a partner at YourNest Venture Capital, a deep-tech investment firm. "We are excited to back RuleZero as they are disrupting the manual processes in transactions. By automating and standardizing compliance, data flows and contracts between founders, investors and other parties, they will speed up the innovation cycle; freeing up the founding team's time from administration, data checks and negotiation to run their business," said Kris Gopalakrishnan, founder, Infosys. RuleZero will also venture into enabling and providing liquidity and enabling secondary transactions of unlisted securities in a compliant manner, the company said in a statement. Share Via

Rainmatter Investments

22 Investments

Rainmatter has made 22 investments. Their latest investment was in AroLeap Fitness as part of their Seed VC on October 10, 2021.

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Rainmatter Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/18/2021

Seed VC

AroLeap Fitness

Yes

1

8/27/2021

Series A

Indiagold

$12M

Yes

10

5/10/2021

Seed

RuleZero

$1.36M

Yes

Induslaw, Kris Gopalakrishnan, Reddy Futures, and Undisclosed Investors

7

4/23/2021

Angel

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10

1/28/2021

Seed VC

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$99M

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10

Date

10/18/2021

8/27/2021

5/10/2021

4/23/2021

1/28/2021

Round

Seed VC

Series A

Seed

Angel

Seed VC

Company

AroLeap Fitness

Indiagold

RuleZero

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Amount

$12M

$1.36M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Induslaw, Kris Gopalakrishnan, Reddy Futures, and Undisclosed Investors

Sources

1

10

7

10

10

Rainmatter Portfolio Exits

1 Portfolio Exit

Rainmatter has 1 portfolio exit. Their latest portfolio exit was Balance on August 09, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/9/2018

Acquired

2

Date

8/9/2018

Exit

Acquired

Companies

Valuation

Acquirer

Sources

2

Rainmatter Team

1 Team Member

Rainmatter has 1 team member, including current Chief Executive Officer, Nithin Kamath.

Name

Work History

Title

Status

Nithin Kamath

Chief Executive Officer

Current

Name

Nithin Kamath

Work History

Title

Chief Executive Officer

Status

Current

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