About DeFi11
DeFi11 is a company based in Delhi (India) founded in 2020 by Ritam Gupta was acquired by Vulcan Forged in January 2023.. DeFi11 has raised $3.5 million across 2 funding rounds from investors including Biconomy, Vulcan Forged and Protocol Ventures. The company has 1 employees as of April 05, 2024. DeFi11 offers products and services including DeFi11 App, NFT Marketplace, and Staking Rewards. DeFi11 operates in a competitive market with competitors including Sorare, The Sandbox, Immutable, Vulcan Forged and Immortal Game, among others.
- Headquarter Delhi, India
- Employees 1 as on 05 Apr, 2024
- Founders Ritam Gupta
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Sectors
TechnologyMedia & Entertainment Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Defi 11 Services Private Limited
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$77.52 K (USD)0as on Mar 31, 2023
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Net Profit
$876.52 (USD)0as on Mar 31, 2023
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EBITDA
$1.17 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$3.5 M (USD)
in 2 rounds
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Latest Funding Round
$4.26 M (USD), Token Sale
Jun 14, 2021
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Investors
Biconomy
& 31 more
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Employee Count
1
as on Apr 05, 2024
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Acquired by
Vulcan Forged
(Jan 25, 2023)
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Products & Services of DeFi11
DeFi11 offers a comprehensive portfolio of products and services, including DeFi11 App, NFT Marketplace, and Staking Rewards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for decentralized fantasy sports and NFT interactions.
Platform for trading NFTs in a blockchain gaming ecosystem.
Feature for earning rewards through blockchain staking activities.
Funding Insights of DeFi11
DeFi11 has successfully raised a total of $3.5M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $4.26 million completed in June 2021. 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 Total Funding
- Total Rounds 2
- Last Round Token Sale — $4.3M
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First Round
First Round
(03 Jun 2021)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Token Sale - DeFi11 | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - DeFi11 | Valuation | Nonceblox , Kyros |
| 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 DeFi11
DeFi11 has secured backing from 32 investors, including institutional and venture fund investors. Prominent investors backing the company include Biconomy, Vulcan Forged and Protocol Ventures. 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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Blockchain sectors are targeted for investments by AU21 Capital.
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Founded Year | Domain | Location | |
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Venture capital-backed accelerator focused on crypto-based startups
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Founded Year | Domain | Location | |
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Seed-stage tech investments in Cameroon are made by Phoenix Ventures.
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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 DeFi11
| 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 - DeFi11
| 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 |
Defi11 Comparisons
Competitors of DeFi11
DeFi11 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 Sorare, The Sandbox, Immutable, Vulcan Forged and Immortal Game, 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 |
Blockchain-based fantasy sports marketplace is provided for multiple sports.
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| domain | founded_year | HQ Location |
NFT-based virtual metaverse is developed for user-owned experiences.
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| domain | founded_year | HQ Location |
Blockchain infrastructure for NFT games and applications is developed.
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| domain | founded_year | HQ Location |
Web3 ecosystem focused on blockchain gaming and NFTs
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| domain | founded_year | HQ Location |
PC and console-based NFT chess games are developed.
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| domain | founded_year | HQ Location |
NFT-focused open-world RPGs are developed on blockchain.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about DeFi11
When was DeFi11 founded?
DeFi11 was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is DeFi11 located?
DeFi11 is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of DeFi11?
Ritam Gupta is the current CEO of DeFi11. They have also founded this company.
Is DeFi11 a funded company?
DeFi11 is a funded company, having raised a total of $3.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on Jun 03, 2021.
How many employees does DeFi11 have?
As of Apr 05, 2024, the latest employee count at DeFi11 is 1.
What is the annual revenue of DeFi11?
Annual revenue of DeFi11 is $77.52K as on Mar 31, 2023.
What does DeFi11 do?
DeFi11 was founded in 2020 in Delhi, India, within the blockchain and gaming sector. Fantasy sports applications are developed, incorporating features such as sports betting, NFT gaming, liquidity pools, prediction games, staking, swapping, and rewards systems. Operations focus on decentralized finance integration for user incentives, serving a global audience through web-based platforms.
Who are the top competitors of DeFi11?
DeFi11's top competitors include Sorare, The Sandbox and Immutable.
What products or services does DeFi11 offer?
DeFi11 offers DeFi11 App, NFT Marketplace, and Staking Rewards.
Who are DeFi11's investors?
DeFi11 has 32 investors. Key investors include Biconomy, Vulcan Forged, Protocol Ventures, Launchpool, and Zokyo.
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