Rio (Rivpe Technology) is a legitimate fintech startup founded by Riya Bhattacharya and Vivek Amarnani, backed by Blume Ventures and Village Global. The project was acquired by Zaggle in December 2025 for approximately $2.6M (Rs 22 Cr), which aligns with the input 'marketcap' figure. However, the input claims of 'everyone' as the audience and 'most people' having used the product are factually incorrect and highly exaggerated; public records indicate FY23-24 revenue was only Rs 13 Lakh (~$15k), suggesting a very small user base (<5,000) rather than mass adoption. The score reflects a verifiable financial exit and strong investor backing, penalized significantly for false traction claims and minimal pre-acquisition scale.
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