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
-
Sectors
TechnologyMedia & Entertainment Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Defi 11 Services Private Limited
- Jurisdiction Delhi, Delhi, India
-
Annual Revenue
$77.52 K (USD)0as on Mar 31, 2023
-
Net Profit
$876.52 (USD)0as on Mar 31, 2023
-
EBITDA
$1.17 K (USD)0as on Mar 31, 2023
-
Total Equity Funding
$3.5 M (USD)
in 2 rounds
-
Latest Funding Round
$4.26 M (USD), Token Sale
Jun 14, 2021
-
Investors
Biconomy
& 31 more
-
Employee Count
1
as on Apr 05, 2024
-
Acquired by
Vulcan Forged
(Jan 25, 2023)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of DeFi11
DeFi11 offers a comprehensive portfolio of products and services, including DeFi11 App, NFT Marketplace, and Staking Rewards.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Blockchain sectors are targeted for investments by AU21 Capital.
|
Locked | Locked | Locked | |
|
Venture capital-backed accelerator focused on crypto-based startups
|
Locked | Locked | Locked | |
|
Seed-stage tech investments in Cameroon are made by Phoenix Ventures.
|
Locked | Locked | Locked |
Investor details for DeFi11
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by DeFi11
Investment portfolio details for DeFi11
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - DeFi11
Detailed financials for DeFi11
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Defi11 Comparisons
Peer comparison for DeFi11
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Blockchain-based fantasy sports marketplace is provided for multiple sports.
|
|
| Locked | Locked | Locked |
NFT-based virtual metaverse is developed for user-owned experiences.
|
|
| Locked | Locked | Locked |
Blockchain infrastructure for NFT games and applications is developed.
|
|
| Locked | Locked | Locked |
Web3 ecosystem focused on blockchain gaming and NFTs
|
|
| Locked | Locked | Locked |
PC and console-based NFT chess games are developed.
|
|
| Locked | Locked | Locked |
NFT-focused open-world RPGs are developed on blockchain.
|
Detailed competitors of DeFi11
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Defi11
Complete news archive for DeFi11
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about DeFi11
DeFi11 was founded in 2020 and raised its 1st funding round 1 year after it was founded.
DeFi11 is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Ritam Gupta is the current CEO of DeFi11. They have also founded this company.
DeFi11 is a funded company, having raised a total of $3.5M across 2 funding rounds to date.
As of Apr 05, 2024, the latest employee count at DeFi11 is 1.
Annual revenue of DeFi11 is $77.52K as on Mar 31, 2023.
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.
DeFi11's top competitors include Sorare, The Sandbox and Immutable.
DeFi11 offers DeFi11 App, NFT Marketplace, and Staking Rewards.
DeFi11 has 32 investors. Key investors include Biconomy, Vulcan Forged, Protocol Ventures, Launchpool, and Zokyo.