Company Background
Founded in 2025 by Shivang Badaya and Arnav Grover, Rovia is a Bengaluru-based wealthtech startup focused on simplifying equity compensation management for international tech professionals. The platform helps users manage Restricted Stock Units (RSUs) and other stock plans, providing a unified interface to navigate the complexities of cross-border equity.
Deal Terms and Investors
Rovia successfully raised $1 million in a pre-seed funding round. The round was led by Antler India, with strategic participation from CDM Capital, AC Ventures, Operators Studio, and a group of angel investors across the US and India.
Market Context and Traction
The platform addresses significant pain points for global tech workers, including high FX costs, tax complexities across jurisdictions, and limited access to US brokerage infrastructure. Since launching its beta, the company has seen rapid adoption, tracking over $60 million in equity assets across 300+ companies and reporting 100% month-on-month growth in assets under management (AUM).
Strategic Objectives
The fresh capital will be deployed to:
- Expand product and engineering teams.
- Deepen integrations with brokerage and financial infrastructure.
- Enhance regulatory and compliance frameworks, supported by their recent SEC registration as an investment adviser.