About Althea Systems
Althea Systems was a Consumer company based in Bengaluru (India) founded in 2009 by Vijaya Sagar Vinnakota, Kishore A K, and Vinod Gopinath. Online gaming platform for playing games and winning real money rewards. It operates on a D2C model. Althea Systems has raised $3.94 million across 3 funding rounds from investors including Intel Capital, Ashok Vittal and Charu Chandra. Althea Systems was last valued at $8.89 million in June 2012. Its chief executive, as recorded, is Kishore A K. The company is recorded as dissolved. Althea Systems offers products and services including SURGA99 Gaming Platform and Althea Systems Games. Its focus areas include Entertainment Tech, Gaming, Real Money Games and Online Platforms. Its legal entity in India is Althea Systems & Software Private Limited (U72200KA2009PTC050168).
Company details
SURGA99 operates as an online platform developed by Althea Systems, providing users with interactive games that offer opportunities to win real money prizes through challenges and missions. It focuses on secure, transparent gaming experiences accessible via login and registration. Users can enjoy various games designed for entertainment and rewards, emphasizing ease of play without complex processes. Based on the text, it targets individuals seeking fun and potential earnings, though specific locations are not detailed.
- Headquarters Bengaluru, India
- Founders Vijaya Sagar Vinnakota, Kishore A K, Vinod Gopinath
- Stage Minicorn
- SectorsConsumer
- Website altheasystems.com
- Social X Facebook
- Legal Name Althea Systems & Software Private Limited
- Date of Incorporation 18 Jun, 2009
- Jurisdiction Bangalore, Karnataka, India
- Net Loss-₹2.9 Lakh
FY 2017 · -218197% margin
- EBITDA-₹2.9 Lakh
FY 2017 · -218197% margin
- Total Equity Funding$3.94M (USD)
in 3 rounds
- Latest Funding Round$789.09K (USD), Series A
Jun 2012
- InvestorsIntel Capital
& 9 more
Associated legal entities of Althea Systems
Althea Systems operates through Althea Systems & Software Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Althea Systems & Software Private Limited CIN U72200KA2009PTC050168 | Strike Off | 18 Jun 2009 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Products & Services of Althea Systems
Althea Systems offers a comprehensive portfolio of products and services, including SURGA99 Gaming Platform and Althea Systems Games.
Platform for playing interactive games and winning real money rewards.
Games offering secure challenges with opportunities to earn cash prizes.
Funding Insights of Althea Systems
Althea Systems has successfully raised a total of $3.94M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $789.09 thousand completed in June 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.94M
- Total Rounds 3
- Last Round Series A — $789,089
- First Round $147,348
(May 2010)
- Investors Count 10
All 3 funding rounds of Althea Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2012 | $789,089 | Series A | $8.89M | Intel Capital | – |
| Nov 2010 | $3M | Series A | $4.68M | Intel Capital | – |
| May 2010 | $147,348 | Angel Round | $••••• | Ashok Vittal, Charu Chandra |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2012 | $8.89M | •••••••• |
| Nov 2010 | $4.68M | •••••••• |
Last known valuation $8.89M (Jun 2012). 10 investors in total: 1 institutional and 9 angel.
Investors in Althea Systems
Althea Systems has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Intel Capital, Ashok Vittal and Charu Chandra.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in technology startups focusing on compute, AI, and related innovations. | intelcapital.com | |||
AV Ashok Vittal | unknown_e550d790b76a44f39 | |||
CC Charu Chandra | unknown_01243a1ba4de4c919 | |||
KS K Srikrishna | unknown_9d700fa6c3c746ed8 | |||
RH Ramesh Haridas | unknown_006a252567bf40e7b | |||
SD Sumit Dutta | unknown_3b10b15f45874962a | |||
HS Hema Subramanian | unknown_d251b8e0728c4afeb | |||
RJ Rajkumar Jain | unknown_cf2450fb060448158 | |||
VV V Vinay | unknown_6bdf8c88a62d4995a | |||
SM Swaminathan Manohar | unknown_9108577d06d6411c9 |
Investor details for Althea Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Althea Systems & Software Private Limited (Althea Systems)
Althea Systems & Software Private Limited is the primary company behind Althea Systems. The board of Althea Systems & Software Private Limited currently have 2 directors; the longest-serving is Kishore Krishnamurthy Adekhandi, appointed in 2009. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kishore Krishnamurthy Adekhandi DIN 02676339 | Director | 18 Jun 2009 | 17 yrs 4 mo | Althea Systems & Software Private Limited |
| Vijaya Sagar Vinnakota DIN 02676343 | Additional Director | 22 Apr 2014 | 12 yrs 6 mo | Althea Systems & Software Private Limited |
People of Althea Systems
3 people are tracked at Althea Systems (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder, VP-Engineering | Leadership | |
Kishore A K | Co-Founder, CEO | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Althea Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Althea Systems
Figures of Althea Systems & Software Private Limited, the primary company behind Althea Systems, for FY 2017. Net loss was -₹2.9 Lakh (-218197% margin). EBITDA was -₹2.9 Lakh (-218197% margin). Revenue has grown at a compounded annual rate of -95% over three years.
- -₹2.9 LakhNet loss · -218197% margin
- -₹2.9 LakhEBITDA · -218197% margin
- ₹16.52 CrPaid-up capital
- -95%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Althea Systems & Software Private Limited are on its company page.
Detailed financial statements for Althea Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Althea Systems
4 dated milestones of Althea Systems across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Althea Systems is founded.
- Funding First funding round of $147K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $789K.
Top companies in Gambling & Entertainment Platforms
3 companies that operate in the same segment as Althea Systems (Gambling & Entertainment Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online skill-based games are developed across platforms and genres. | 2010 | Delhi, Delhi, India | USD 1.79 M | USD 166.95 M | 699 | |
An online platform for skill-based gaming competitions is provided. | 2019 | Gurugram, Haryana, India | USD 25.96 M | USD 11.28 M | 39 | |
Provider of online skill-based gaming platforms | 2005 | Hyderabad, Telangana, India | USD 81.87 M | USD 128.91 M | 529 |
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Related news about Althea Systems
Complete news archive for Althea Systems
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Frequently Asked Questions about Althea Systems
Althea Systems was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Althea Systems is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kishore A K is the CEO of Althea Systems, as recorded in our data. They have also founded this company.
Althea Systems is a funded company, having raised a total of $3.94M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $147.35K, raised on May 2010.
Annual revenue of Althea Systems is $50.6 as on Mar 31, 2016.
SURGA99 operates as an online platform developed by Althea Systems, providing users with interactive games that offer opportunities to win real money prizes through challenges and missions. It focuses on secure, transparent gaming experiences accessible via login and registration. Users can enjoy various games designed for entertainment and rewards, emphasizing ease of play without complex processes. Based on the text, it targets individuals seeking fun and potential earnings, though specific locations are not detailed.
Althea Systems offers SURGA99 Gaming Platform and Althea Systems Games.
Althea Systems has 10 investors. Key investors include Intel Capital, Ashok Vittal, Charu Chandra, K Srikrishna, and Ramesh Haridas.
The valuation of Althea Systems is $8.89M as of Jun 2012.
Althea Systems operates through Althea Systems & Software Private Limited.
The legal entities of Althea Systems currently have 2 directors, including Vijaya Sagar Vinnakota, Kishore Krishnamurthy Adekhandi.