About DeFi11
DeFi11 is a Technology company based in Delhi (India) founded in 2020 by Ritam Gupta, and was acquired by Vulcan Forged in January 2023. It operates as a blockchain-enabled fantasy sports applications with betting and NFTs are offered. It operates in the Technology, Media & Entertainment, and Financial Services sectors. DeFi11 has raised $3.5 million across 2 funding rounds from investors including Biconomy, Vulcan Forged and Protocol Ventures. The company has 1 employees. Its chief executive is Ritam Gupta. The company was acqui-hired. DeFi11 offers products and services including DeFi11 App, NFT Marketplace, and Staking Rewards. Its focus areas include Consumer, Sports Tech, Fantasy Sports and Online Platforms. Its legal entity in India is Defi 11 Services Private Limited (U72200DL2022PTC393437). Its competitors include Sorare, The Sandbox, Immutable, Vulcan Forged and Immortal Game and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Employees 1
- Founders Ritam Gupta
- Stage Acquired
- SectorsTechnologyMedia & Entertainment Financial Services
- Email••••••••
- Website defieleven.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Vulcan Forged (Jan 2023)
- Legal Name Defi 11 Services Private Limited
- Date of Incorporation 07 Feb, 2022
- Jurisdiction Delhi, India
- Annual Revenue₹11,112
FY 2025
- Net Loss-₹8,888
FY 2025 · -80% margin
- EBITDA-₹8,888
FY 2025 · -80% margin
- Total Equity Funding$3.5M (USD)
in 2 rounds
- Latest Funding Round$4.26M (USD), Token Sale
Jun 2021
- InvestorsBiconomy
& 31 more
- Employee Count1
- Acquired byVulcan Forged
(Jan 2023)
Associated legal entities of DeFi11
DeFi11 operates through Defi 11 Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Defi 11 Services Private Limited CIN U72200DL2022PTC393437 | Active | 07 Feb 2022 | Delhi, Delhi | ₹0.0 Cr | – | 2 | View details |
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.
- Total Funding $3.5M
- Total Rounds 2
- Last Round Token Sale — $4.26M
- First Round $3.5M
(Jun 2021)
- Investors Count 31
All 2 funding rounds of DeFi11 with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
32 investors in total: 32 institutional.
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. | – | au21.capital | San Francisco, United States | |
Venture capital-backed accelerator focused on crypto-based startups | – | magnuscapital.com | Amsterdam, Netherlands | |
Seed-stage tech investments in Cameroon are made by Phoenix Ventures. | – | phoenix-vc.com | Dubai, United Arab Emirates | |
Venture capital firm investing in the blockchain sector | – | blockchain.capital | San Francisco, United States | |
Titan Ventures is engaged in venture capital and startup financing. | 2019 | titansventures.com | - | |
Venture capital fund focused on blockchain sector | – | o1ex.com | Fujairah, United Arab Emirates | |
Private equity firm focused on multiple sectors | – | synergia.nl | Veenendaal, Netherlands | |
Investments in technology startups are made by LVT Capital. | – | lvtcapital.com | Edgecliff, Australia | |
Architects, consulting, SMEs, and advisory services are provided. | – | nonceblox.com | Dubai, United Arab Emirates | |
Blockchain and cryptocurrency development services are provided by Kyros. | – | kyros.ventures | Ho Chi Minh City, Vietnam |
Investor details for DeFi11
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Defi 11 Services Private Limited (DeFi11)
Defi 11 Services Private Limited is the primary company behind DeFi11. The board of Defi 11 Services Private Limited currently have 2 directors; the longest-serving is Chinka Gupta, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chinka Gupta DIN 08049136 | Director | 07 Feb 2022 | 4 yrs 8 mo | Defi 11 Services Private Limited |
| Ritam Gupta DIN 08049153 | Director | 07 Feb 2022 | 4 yrs 8 mo | Defi 11 Services Private Limited |
People of DeFi11
1 people are tracked at DeFi11 (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for DeFi11
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of DeFi11
Figures of Defi 11 Services Private Limited, the primary company behind DeFi11, for FY 2025. Revenue was ₹11,112. Net loss was -₹8,888 (-80% margin). EBITDA was -₹8,888 (-80% margin).
- ₹11,112Revenue · FY 2025
- -₹8,888Net loss · -80% margin
- -₹8,888EBITDA · -80% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Defi 11 Services Private Limited are on its company page.
Detailed financial statements for DeFi11
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of DeFi11
4 dated milestones of DeFi11 across 3 years, from founding to its latest funding, stage changes and deals.
- Founded DeFi11 is founded.
- Funding First funding round of $3.5M.
- Funding Latest funding round, Token Sale, of $4.3M.
- Exit Acquired by Vulcan Forged.
Competitors of DeFi11
DeFi11 has 9 listed competitors in our database, 9 of them funded. They include Sorare, The Sandbox, Immutable, Vulcan Forged and Immortal Game, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sorare.com | 2018 | Saint Mande, France | $738.84M | – | Blockchain-based fantasy sports marketplace is provided for multiple sports. | |
| sandbox.game | 2018 | Montreal, Canada | $115.01M | – | NFT-based virtual metaverse is developed for user-owned experiences. | |
| immutable.com | 2018 | Surry Hills, Australia | $277.4M | – | Blockchain infrastructure for NFT games and applications is developed. | |
| vulcanforged.com | 2020 | Athens, Greece | $8M | – | Web3 ecosystem focused on blockchain gaming and NFTs | |
| immortal.game | 2021 | Paris, France | $15.5M | – | PC and console-based NFT chess games are developed. | |
| illuvium.io | 2020 | Sydney, Australia | $27M | – | NFT-focused open-world RPGs are developed on blockchain. | |
| virtua.com | 2016 | London, United Kingdom | $1.77M | 4 | An online gamers community is provided via a gamified metaverse. | |
| dmarket.com | 2017 | Kyiv, Ukraine | $9.5M | – | Virtual assets are traded on a blockchain-based platform. | |
| nyanheroes.com | 2021 | United States | $13M | – | Free-to-play AAA shooter game on Solana blockchain is provided. |
Detailed competitors of DeFi11
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Investment & Financial Technology
10 companies that operate in the same segment as DeFi11 (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | 2,713 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | 602 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | 674 | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | 1,524 |
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Related news about Defi11
Complete news archive for DeFi11
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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. The company's 1st funding round was a Seed of $3.5M, raised on Jun 2021.
DeFi11 has 1 employees.
The primary company behind DeFi11, Defi 11 Services Private Limited, reported revenue of ₹11,112 for FY 2025.
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.
DeFi11 operates through Defi 11 Services Private Limited.
Yes. DeFi11 was acquired by Vulcan Forged in January 2023.