About Adjarabet
Adjarabet is a company based in Tbilisi (Georgia) founded in 1998 was acquired by Flutter Entertainment in February 2019.. Adjarabet operates in a competitive market with competitors including MPL, William Hill, Flutter Entertainment, FDJ and Baazi Games, among others.
- Headquarter Tbilisi, Georgia
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Flutter Entertainment
(Feb 01, 2019)
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Software Development Team
54 people
Product Management Team
29 people
Data Analysis and Operations Team
20 people
Leadership Team
9 people
Human Resources and Administration
8 people
Sales and Marketing
6 people
Finance and Accounting
6 people
Senior Team
5 people
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Funding Insights of Adjarabet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adjarabet
Adjarabet has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Flutter Entertainment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Gambling services are provided via sports betting and online platforms.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adjarabet
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adjarabet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adjarabet Comparisons
Competitors of Adjarabet
Adjarabet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MPL, William Hill, Flutter Entertainment, FDJ and Baazi Games, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Real money skill-based gaming is facilitated through an online platform.
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| domain | founded_year | HQ Location |
A leading betting and gaming company with global operations.
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| domain | founded_year | HQ Location |
Gambling services are provided via sports betting and online platforms.
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| domain | founded_year | HQ Location |
FDJ is operated as a leading lottery and gambling provider in France.
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| domain | founded_year | HQ Location |
Provider of online platforms for poker, sports gaming, and card games
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| domain | founded_year | HQ Location |
Online sports betting exchange services are operated internationally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adjarabet
Frequently Asked Questions about Adjarabet
When was Adjarabet founded?
Adjarabet was founded in 1998.
Where is Adjarabet located?
Adjarabet is headquartered in Tbilisi, Georgia.
Who is the current CEO of Adjarabet?
Archil Kakhidze is the current CEO of Adjarabet.
What does Adjarabet do?
Adjarabet was founded in 1998 and is headquartered in Tbilisi, Georgia. An online gambling platform is operated, focusing on the gaming sector. Services include casino games, sports betting, online lottery, slot games, and various other betting activities. Operations are conducted digitally through the domain adjarabet.com, serving users in multiple categories. Leadership is provided by CEO Archil Kakhidze.
Who are the top competitors of Adjarabet?
Adjarabet's top competitors include MPL, Baazi Games and Flutter Entertainment.
Who are Adjarabet's investors?
Adjarabet has 1 investor. Key investors include Flutter Entertainment.