About Dybo
Dybo was a Consumer company based in Bengaluru (India) founded in 2019 by Dhawal Jain, Hema Jain, and Aman Kumar. Online platform for sports betting, casino games, lottery, and slots services. It operates on a B2C and D2C model. Dybo has raised $218.48 thousand across 2 funding rounds from investors including Kunal Dhingara, Siddharth Mehta and Ajay Menon. Its chief executive, as recorded, is Dhawal Jain. The company is recorded as dissolved. Dybo offers products and services including Sports Betting, Casino Games, and Lottery Services. Its focus areas include Casino Tech, Online Casino, Slots and Games and Online Gaming. Its legal entity in India is Hvr Visualisations Global Private Limited (U36999RJ2019PTC063704).
Company details
FM88 operates as an online betting platform offering services such as sports wagering, lottery games, casino slots, and other interactive gambling activities. It functions through a website and mobile access, allowing users to place bets directly. Based in Ho Chi Minh, Vietnam, it caters to individual consumers interested in gaming and betting entertainment, ensuring a secure and engaging experience.
- Headquarters Bengaluru, India
- Founders Dhawal Jain, Hema Jain, Aman Kumar
- SectorsConsumer
- Website dybo.io
- Social X Facebook
- Legal Name Hvr Visualisations Global Private Limited
- Date of Incorporation 18 Jan, 2019
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹10,421
FY 2024 · -98% YoY
- Net Loss-₹3 Lakh
FY 2024 · -2911% margin
- EBITDA-₹1.5 Lakh
FY 2024 · -1427% margin
- Total Equity Funding$218.48K (USD)
in 2 rounds
- Latest Funding Round$159.92K (USD), Seed
Apr 2021
- InvestorsSpanache
& 4 more
Associated legal entities of Dybo
Dybo operates through Hvr Visualisations Global Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hvr Visualisations Global Private Limited CIN U36999RJ2019PTC063704 | Active | 18 Jan 2019 | Jaipur, Rajasthan | ₹0.0 Cr | 3 | View details |
Products & Services of Dybo
Dybo offers a comprehensive portfolio of products and services, including Sports Betting, Casino Games, and Lottery Services.
Service for wagering on sports events online.
Platform offering slots and casino games for entertainment.
System for participating in online lottery and betting games.
Funding Insights of Dybo
Dybo has successfully raised a total of $218.48K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $159.92 thousand completed in April 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 $218,479
- Total Rounds 2
- Last Round Seed — $159,922
- First Round $58,557
(Feb 2021)
- Investors Count 5
All 2 funding rounds of Dybo 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 |
|---|---|---|---|---|---|
| Apr 2021 | $159,922 | Seed | – | Spanache | |
| Feb 2021 | $58,557 | Angel Round | – | Siddharth Mehta |
5 investors in total: 1 institutional and 4 angel.
Investors in Dybo
Dybo has secured backing from 5 investors, including angel and venture fund investors. Prominent investors backing the company include Kunal Dhingara, Siddharth Mehta and Ajay Menon.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | spanache.vc | Singapore, Singapore | ||
KD Kunal Dhingara | unknown_c81f8dbc27484e5aa | |||
SM Siddharth Mehta | unknown_fdb97354b8f7466cb | |||
AM Ajay Menon | Angel investor and entrepreneur, focusing on tech startups in India. | unknown_7f2a9cff13df4954b | ||
MN Manoj Nigam | Angel investor and entrepreneur, focused on tech startups in India. | unknown_065e229d2dab4ebe9 |
Investor details for Dybo
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 Hvr Visualisations Global Private Limited (Dybo)
Hvr Visualisations Global Private Limited is the primary company behind Dybo. The board of Hvr Visualisations Global Private Limited currently have 3 directors; the longest-serving is Dhawal Jain, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dhawal Jain DIN 08336779 | Director | 18 Jan 2019 | 7 yrs 9 mo | Hvr Visualisations Global Private Limited |
| Manoj Nigam DIN 01807638 | Director | 21 Mar 2021 | 5 yrs 7 mo | Hvr Visualisations Global Private Limited |
| Siddharth Praful Mehta DIN 02892416 | Director | 21 Mar 2021 | 5 yrs 7 mo | Hvr Visualisations Global Private Limited |
People of Dybo
3 people are tracked at Dybo (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
| Co-Founder | Leadership | |
Aman Kumar | Co-Founder, CTO | Leadership |
Complete people profiles for Dybo
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 Dybo
Figures of Hvr Visualisations Global Private Limited, the primary company behind Dybo, for FY 2024. Revenue was ₹10,421 (-98% year on year). Net loss was -₹3 Lakh (-2911% margin). EBITDA was -₹1.5 Lakh (-1427% margin). Revenue has grown at a compounded annual rate of -80% over three years.
- ₹10,421Revenue · FY 2024 · -98% YoY
- -₹3 LakhNet loss · -2911% margin
- -₹1.5 LakhEBITDA · -1427% margin
- ₹33,060Paid-up capital
- -80%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Hvr Visualisations Global Private Limited are on its company page.
Detailed financial statements for Dybo
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 Dybo
3 dated milestones of Dybo across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Dybo is founded.
- Funding First funding round of $59K.
- Funding Latest funding round, Seed, of $160K.
Top companies in Gambling & Entertainment Platforms
3 companies that operate in the same segment as Dybo (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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Frequently Asked Questions about Dybo
Dybo was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Dybo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Dhawal Jain is the CEO of Dybo, as recorded in our data. They have also founded this company.
Dybo is a funded company, having raised a total of $218.48K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $58.56K, raised on Feb 2021.
The primary company behind Dybo, Hvr Visualisations Global Private Limited, reported revenue of ₹10,421 for FY 2024, down 98% year on year.
FM88 operates as an online betting platform offering services such as sports wagering, lottery games, casino slots, and other interactive gambling activities. It functions through a website and mobile access, allowing users to place bets directly. Based in Ho Chi Minh, Vietnam, it caters to individual consumers interested in gaming and betting entertainment, ensuring a secure and engaging experience.
Dybo offers Sports Betting, Casino Games, and Lottery Services.
Dybo has 5 investors. Key investors include Kunal Dhingara, Siddharth Mehta, Ajay Menon, Manoj Nigam, and Spanache.
Dybo operates through Hvr Visualisations Global Private Limited.
The legal entities of Dybo currently have 3 directors, including Manoj Nigam, Siddharth Praful Mehta, Dhawal Jain.