Jupiter Money vs Toast: Founders, CEOs and History
Jupiter Money was founded in 2019 by Jitendra Gupta, Vishnu Jerome and is led by Jitendra Gupta. Toast was founded in 2011 by Aman Narang, Steve Fredette, Jonathan Grimm and is led by Aman Narang.
Company facts
Jupiter Money
- Founded
- 2019
- Headquarters
- Bengaluru, Karnataka, India (registered office: Mumbai)
- Current CEO
- Jitendra Gupta
- Employees
- 450
Toast
- Founded
- 2011
- Headquarters
- Boston, Massachusetts, United States
- Current CEO
- Aman Narang
- Employees
- 6,500
Founders
Jupiter Money
Jitendra Gupta
Jitendra Gupta is the founder and CEO of Jupiter. A chartered accountant, he founded Citrus Pay in 2011, sold it to PayU in 2016 for about $130 million, and ran PayU India before starting Jupiter in 2019. Jitendra Gupta was born in 1981.
Vishnu Jerome
Vishnu Jerome co-founded Jupiter Money in 2019 alongside Jitendra Gupta. As a highly experienced legal architect (he founded the law firm Jerome Merchant + Partners), he played an absolutely critical role in navigating the incredibly complex, highly restrictiv…
Toast
Aman Narang
Aman Narang co-founded Toast in 2011 alongside Steve Fredette and Jonathan Grimm. Originally attempting to build a mobile payment app for restaurants, the founders pivoted to building a complete Android-based point-of-sale system.
Steve Fredette
Steve Fredette co-founded Toast in 2011. As President and long-time product visionary, he architected the company's shift from a simple POS hardware provider into a comprehensive software ecosystem handling payroll, inventory, and online ordering for restauran…
Jonathan Grimm
Jonathan Grimm co-founded Toast and served as its Chief Technology Officer. He built the initial cloud-native backend that allowed restaurants to manage menus and view analytics from anywhere, a massive upgrade over the hard-wired, on-premise servers used by l…
CEOs and their tenures
Jupiter Money
- Jitendra Gupta2019–present
Founder & CEO
A chartered accountant and seasoned fintech pioneer who previously founded Citrus Pay (sold to Naspers for $130M) and led PayU India, Gupta has been a prominent architect of India's neobanking sector.
Source
Toast
- Chris Comparato2015–2023
Chief Executive Officer
As CEO from 2015 to 2023, he scaled the company from a small startup into the dominant cloud POS provider in the US restaurant industry, increasing locations served to over 100,000.
Source - Aman Narang2024–present
Co-Founder and Chief Executive Officer
He successfully guided the company toward GAAP profitability while maintaining massive market share growth against rivals like Square and Clover.
Source
Timeline: Jupiter Money and Toast side by side
2011Toast
Toast Founded in Cambridge by MIT Endeca Alumni
Aman Narang, Steve Fredette, and Jonathan Grimm founded Toast to build cloud software for restaurants.
2013Toast
Pivots from Mobile Consumer App to Full Restaurant POS
Pivoted to a complete cloud restaurant POS system, signing its first commercial restaurant in Cambridge.
2015Toast
$30M Series B Led by Bessemer Venture Partners
Raised $30 million, crossing 1,000 restaurant locations and expanding regional field sales across the US.
2018Toast
$115M Series D at $1.4B Valuation & Launches Toast Go
Raised a $115 million Series D led by TCV and Tiger Global, reaching unicorn status, and launched the Toast Go handheld.
2019Jupiter Money
Jitendra Gupta and Vishnu Jerome start Jupiter; $24M seed round at about a $70M valuation.
2020Toast
$400M Series F at $4.9B Valuation & COVID-19 Operational Pivot
Raised a $400 million Series F at a $4.9 billion valuation in February 2020, then cut about half its workforce in April 2020 as COVID-19 shut dining rooms.
2021Jupiter Money
Jupiter app launches with Federal Bank; acquires savings app Easyplan; $45M Series B co-led by Nubank.
2021Jupiter Money
December: $86M Series C led by Tiger Global and QED at about a $710M valuation.
2021Toast
Historic Initial Public Offering on the NYSE (NYSE: TOST)
Went public on the New York Stock Exchange, raising $870 million at an opening valuation of $20 billion.
2021Toast
Toast IPO
Toast went public on the New York Stock Exchange in September 2021.
2022Jupiter Money
Acquires HR-tech startup sumHR to support salary accounts (disclosed February 2023).
2023Toast
Expands to Canada, UK and Ireland; Crosses 100,000 Locations
Began selling outside the US and passed 100,000 restaurant locations.
2024Jupiter Money
FY24 consolidated operating revenue reaches ~$5.94 million (₹51.2 crore); loss narrows 23% to ~$27.1 million (₹233.6 crore).
2024Toast
Aman Narang Appointed CEO & Toast Achieves GAAP Profitability
Co-founder Aman Narang became CEO on January 1, 2024; Toast reported $19 million of GAAP net income for the year, its first annual profit.
2025Jupiter Money
October: raises about $15M from Mirae Asset, BeeNext, 3one4 Capital and Gupta at a flat ~$600M valuation.
2025Toast
Revenue Reaches $6.15B and Net Income $342M
Added a record 30,000 net locations to about 164,000 and processed about $195 billion in GPV.
2026Jupiter Money
Talks to buy a minority stake in SBM Bank India collapse; Jupiter focuses on reaching breakeven.
2026Toast
About 180,000 Locations and $2.4B ARR by Mid-Year
Q2 2026 revenue rose 23% to $1.91 billion with a record 9,500 net location adds.
Acquisitions
Jupiter Money
- sumHR2022Undisclosed
- Easyplan2021Undisclosed
- EasyPlan2021Undisclosed
- Mitter.io2021Undisclosed
Toast
- Delphi Display Systems2023Undisclosed
- xtraCHEF2021Undisclosed
- Sling2021Undisclosed
Questions about Jupiter Money vs Toast
Who is the CEO of Jupiter Money and Toast, Inc.?
Jupiter Money is led by Jitendra Gupta and Toast, Inc. is led by Aman Narang. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Jupiter Money founded vs Toast, Inc.?
Toast, Inc. was founded in 2011 — 8 years before Jupiter Money, which was founded in 2019. Toast, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Jupiter Money.
How many employees does Jupiter Money have compared to Toast, Inc.?
Jupiter Money employs approximately 450 people, while Toast, Inc. employs approximately 6,500. Toast, Inc. has the larger workforce at 6,500 employees, compared to Jupiter Money's 450. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Jupiter Money and Toast, Inc. headquartered?
Jupiter Money is headquartered in India and Toast, Inc. is headquartered in United States. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Jupiter Money and Toast, Inc.?
Jupiter Money was founded by Jitendra Gupta, Vishnu Jerome. Toast, Inc. was founded by Aman Narang, Steve Fredette, Jonathan Grimm.
Which company has a longer operating history — Jupiter Money or Toast, Inc.?
Toast, Inc. has been operating for approximately 15 years, making it the more established of the two companies. Jupiter Money has been in operation for around 7 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Jupiter Money vs Toast overview