CheqUPI

CheqUPI YC Application

Summer 2023Acquired

CheqUPI went through Y Combinator in the Summer 2023 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch
Summer 2023
Industry
Fintech
Team size
15
Status
Acquired
Launched
2023

Founders

  • Sudhanshu Shekhar
    Sudhanshu ShekharFounder
  • Manish Shukla
    Manish ShuklaFounder

What CheqUPI does

Cheq is a modern UPI payments app for NRIs and international citizens visiting India. Using Cheq, you can pay digitally at over 55mn+ merchants across India. We help tourists avoid ATMs and minimize their foreign exchange costs while in India.

CheqUPI's YC application, reconstructed

Y Combinator application

CheqUPI, Summer 2023 batch. The real form questions, answered from public data.

  1. Founders2
  2. Company7
  3. Progress7
  4. Idea4
  5. Equity3
  6. Curious2
  7. Batch Preference1

Company

Company name

CheqUPI

Describe what your company does in 50 characters or less.

India's first UPI wallet for foreign nationals

What is your company going to make? Please describe your product and what it does or will do.

We built a UPI payments app specifically for NRIs and foreigners visiting India. It lets users pay digitally at over 55 million merchants without needing an Indian bank account or going to ATMs. Our product reduces their foreign exchange costs and simplifies spending while in India.

Where do you live now, and where would the company be based after YC?

We split time between Bengaluru, India and San Francisco, USA. Post-YC, we'll keep the company based in both cities to serve Indian users and tap Silicon Valley resources.

Explain your decision regarding location.

Bengaluru is where Indian payments happen and where our core engineering is; San Francisco helps us connect to global users and investors. This dual presence lets us build a product tuned for India while staying close to global capital and talent.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

Frequently Asked Questions

Is this the real CheqUPI YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from CheqUPI's public data (launch notes, founder backgrounds, product description). It shows how a company like CheqUPI would present itself to YC, not the text they submitted.

What YC batch was CheqUPI in?

CheqUPI was part of the Y Combinator Summer 2023 batch.

Who founded CheqUPI?

CheqUPI was founded by Sudhanshu Shekhar, Manish Shukla.

What does CheqUPI do?

India's first UPI wallet for foreign nationals and NRIs

How do I read the full reconstructed application?

Create a free Round Funded account. The full 26-answer version of CheqUPI's application, and every other YC batch, is in YC Insights.

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