Employee financial benefit platform Rupid raises funding from EvolveX, others

Hyderabad-based fintech startup Rupid has raised pre-seed funding from We Founder Circle's EvolveX. Pedalstart and Beej Network also participated in the round. The investment came under Evolve X's third cohort, which saw seven startups get funded. Founded by Gowtham Alluri, Karishma, and PC Varma, Rupid is an earned wage access and employee financial benefit platform that partners with companies to provide employees with instant access to their earned salaries.