About AnswerWise
AnswerWise is a company based in Bengaluru (India) founded in 2018 by Ankur Gupta and Nayan Kumar Mitta. It operates as a B2C and D2C. AnswerWise has raised $14 thousand across 1 funding round from investors including IIIT Hyderabad and CoCreation Consulting. AnswerWise offers products and services including Sports Betting, Casino Games, Slots, Bắn Cá, and Lottery. AnswerWise operates in a competitive market with competitors including Twilio, Genesys, Freshworks, Dialpad and Sprinklr, among others.
- Headquarter Bengaluru, India
- Founders Ankur Gupta, Nayan Kumar Mitta
- SectorsConsumer
- Phone•••• ••••
- Website answerwise.io
- Social X
- Legal Name Oxynus Technologies Private Limited
- Date of Incorporation 07 Jan, 2019
- Jurisdiction Bangalore, Karnataka, India
- Net Loss-₹3.9 Lakh
FY 2021 · 0% margin
- EBITDA-₹3.7 Lakh
FY 2021 · 0% margin
- Total Equity Funding$14K (USD)
in 1 rounds
- Latest Funding Round$14K (USD), Seed
Nov 2019
- InvestorsIIIT Hyderabad
& 1 more
Associated legal entities of AnswerWise
AnswerWise operates through Oxynus Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Oxynus Technologies Private Limited CIN U72900KA2019PTC120088 | Strike Off | 07 Jan 2019 | Bangalore, Karnataka | – | – | 3 | View details |
Products & Services of AnswerWise
AnswerWise offers a comprehensive portfolio of products and services, including Sports Betting, Casino Games, Slots, Bắn Cá, and Lottery.
Platform for wagering on sports events like football and basketball.
Online games including blackjack and roulette for virtual entertainment.
Digital slot machines offering spins for potential rewards.
Shooting game where players target fish for prizes.
System for number-based predictions and draws.
Multi-player card game for strategic betting.
Funding Insights of AnswerWise
AnswerWise has successfully raised a total of $14K through 1 strategic funding round. The most recent funding activity was a Seed round of $14 thousand completed in November 2019. 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 $14,001
- Total Rounds 1
- Last Round Seed — $14,001
- First Round $14,001
(Nov 2019)
- Investors Count 2
All 1 funding rounds of AnswerWise 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 |
|---|---|---|---|---|---|
| Nov 2019 | $14,001 | Seed | $490,379 | IIIT Hyderabad |
Last known valuation $490,379 (Nov 2019). 2 investors in total: 2 institutional.
Investors in AnswerWise
AnswerWise has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include IIIT Hyderabad and CoCreation Consulting.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Information technology courses are offered at undergraduate and postgraduate levels. | 1998 | iiit.ac.in | Hyderabad, India | |
Provides innovation and strategy consulting services. | 2015 | cocreationconsulting.com | Hyderabad, India |
Investor details for AnswerWise
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Oxynus Technologies Private Limited (AnswerWise)
Oxynus Technologies Private Limited is the primary company behind AnswerWise. The board of Oxynus Technologies Private Limited currently have 3 directors; the longest-serving is Nayan Kumar Mitta, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nayan Kumar Mitta DIN 06699696 | Director | 07 Jan 2019 | 7 yrs 9 mo | Oxynus Technologies Private Limited |
| Ankur Gupta DIN 06832986 | Director | 07 Jan 2019 | 7 yrs 9 mo | Oxynus Technologies Private Limited |
| Mitta Suvarna Lata DIN 02918787 | Director | 09 May 2020 | 6 yrs 5 mo | Oxynus Technologies Private Limited |
People of AnswerWise
2 people are tracked at AnswerWise (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| ex-Co-Founder | Leadership |
Complete people profiles for AnswerWise
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 AnswerWise
Figures of Oxynus Technologies Private Limited, the primary company behind AnswerWise, for FY 2021. Net loss was -₹3.9 Lakh (0% margin). EBITDA was -₹3.7 Lakh (0% margin).
- -₹3.9 LakhNet loss · 0% margin
- -₹3.7 LakhEBITDA · 0% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Oxynus Technologies Private Limited are on its company page.
Detailed financial statements for AnswerWise
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 AnswerWise
2 dated milestones of AnswerWise across 1 years, from founding to its latest funding, stage changes and deals.
- Founded AnswerWise is founded.
- Funding First funding round of $14K.
Competitors of AnswerWise
AnswerWise 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 Twilio, Genesys, Freshworks, Dialpad and Sprinklr, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| twilio.com | 2008 | San Francisco, United States | $239.77M | 231 | Cloud-based omnichannel communication and customer engagement platform is utilized. | |
| genesys.com | 1990 | Daly, United States | $2.98B | 651 | Cloud-based omnichannel customer experience and contact center solutions are delivered. | |
| freshworks.com | 2010 | San Mateo, United States | $872.56M | 4,400 | Cloud-based business process management suite solutions are delivered. | |
| dialpad.com | 2011 | San Ramon, United States | $475.91M | 119 | Cloud-based unified communication solutions including voice and video are provided. | |
| sprinklr.com | 2009 | New York, United States | $578.5M | 3,589 | Cloud-based customer experience management software is provided for brands. | |
| gupshup.io | 2004 | San Francisco, United States | $544.34M | 935 | Tools for customer engagement across multiple channels are provided. | |
| liveperson.com | 1995 | New York, United States | – | 809 | Conversational AI platform is provided for digital customer experiences. | |
| observe.ai | 2017 | Redwood, United States | $213.35M | 202 | AI-powered conversation intelligence and automation are provided for contact centers. | |
| avaya.com | 2000 | Durham, United States | $400.88M | 1,337 | Cloud-based unified communication software is delivered for businesses. |
Detailed competitors of AnswerWise
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to AnswerWise
10 companies that operate in the same segment as AnswerWise (Gambling & Entertainment Platforms), 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 | |
Mobile casino games with social features are developed for platforms. | 2014 | Warsaw, Poland | USD 8.6 M | USD 246.28 M | 428 | |
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 | |
Developer of a micro-betting platform for sports | 2022 | Miami, Florida, United States | USD 102 M | – | – | |
Provider of a P2P sports betting platform | 2021 | New York, New York, United States | USD 105.53 M | – | – | |
Multi-category online gambling is facilitated via an app-based platform. | 1934 | London, England, United Kingdom | – | USD 1.71 B | 10,239 | |
Online platform for betting on multiple sports is provided. | 2001 | Stoke On Trent, England, United Kingdom | – | – | – | |
Casual mobile games are developed and published by SciPlay. | 2007 | London, England, United Kingdom | – | – | – | |
Event outcome speculation is enabled via a regulated online exchange. | 2019 | New York, New York, United States | USD 1.8 B | – | 20 |
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Frequently Asked Questions about AnswerWise
AnswerWise was founded in 2018 and raised its 1st funding round 1 year after it was founded.
AnswerWise is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
AnswerWise is a funded company, having raised a total of $14K across 1 funding round to date. The company's 1st funding round was a Seed of $14K, raised on Nov 2019.
W88 operates as an online gambling company providing services like sports betting, casino games, slots, and lottery. It facilitates direct access through a user-friendly website and mobile app, serving customers in Asia with secure transactions and promotions. Based in Ho Chi Minh, Vietnam, it focuses on entertainment and gaming activities while ensuring player safety and fair play.
AnswerWise's top competitors include Twilio, Genesys and Freshworks.
AnswerWise offers Sports Betting, Casino Games, Slots, Bắn Cá, and 2 more products and services.
AnswerWise has 2 investors. Key investors include IIIT Hyderabad, and CoCreation Consulting.
The valuation of AnswerWise is $490.38K as of Nov 2019.
AnswerWise operates through Oxynus Technologies Private Limited.
The legal entities of AnswerWise currently have 3 directors, including Nayan Kumar Mitta, Ankur Gupta, Mitta Suvarna Lata.