About Encashea
Encashea is a company based in Bengaluru (India) founded in 2015 by Priyank Jain, Harshal Chaudhari, and Rahul Jaiswal was acquired by Hasiru Dala Innovations in January 2017. It operates as a B2C, and D2C. Encashea offers products and services including Sports Betting Service, Casino Games, and Mobile Betting App. Encashea operates in a competitive market with competitors including ScrapUncle, Bintix, TheKabadiWala, ECOWRAP and Citizengage, among others.
- Headquarter Bengaluru, India
- Founders Priyank Jain, Harshal Chaudhari, Rahul Jaiswal
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Encashea Technologies Private Limited
- Date of Incorporation 26 Aug, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$51.75 K (USD)0as on Mar 31, 2017
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Net Profit
$-127.44 K (USD)0as on Mar 31, 2017
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EBITDA
$-132.52 K (USD)0as on Mar 31, 2017
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Latest Funding Round
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Investors
Hasiru Dala Innovations
& 3 more
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Employee Count
Employee Count
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Acquired by
Hasiru Dala Innovations
(Jan 24, 2017)
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Products & Services of Encashea
Encashea offers a comprehensive portfolio of products and services, including Sports Betting Service, Casino Games, and Mobile Betting App. 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.
Platform for placing bets on various sports events and live wagering.
Virtual games for entertainment and betting with promotions available.
App for accessing sports and casino features on mobile devices anytime.
Funding Insights of Encashea
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Seed - Encashea | Valuation |
investors |
| 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 Encashea
Encashea has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Hasiru Dala Innovations, Tracxn Labs and Kunal Shah. 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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Early-stage investment and support for technology companies.
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Founded Year | Domain | Location | |
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KS
Kunal Shah |
Founder of CRED, serial entrepreneur, and prominent Indian angel investor
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Founded Year | Domain | Location |
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ST
Sandeep Tandon |
Co-founder of Freecharge, angel investor, fintech pioneer in India
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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 Encashea
| 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 - Encashea
| 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 |
Encashea Comparisons
Competitors of Encashea
Encashea 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 ScrapUncle, Bintix, TheKabadiWala, ECOWRAP and Citizengage, 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 |
ScrapUncle - Recycling Made Easy
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| domain | founded_year | HQ Location |
Door-step dry waste collection solution provider
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| domain | founded_year | HQ Location |
Online platform providing waste collection service
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| domain | founded_year | HQ Location |
Online waste removal services are scheduled with user incentives.
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| domain | founded_year | HQ Location |
IoT-based platform for tracking and managing waste activities is offered.
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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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Latest news on Encashea
Frequently Asked Questions about Encashea
When was Encashea founded?
Encashea was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Encashea located?
Encashea is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
What is the annual revenue of Encashea?
Annual revenue of Encashea is $51.75K as on Mar 31, 2017.
What does Encashea do?
Flipbet9 operates as an online bookmaker providing a wide range of sports events and casino games for betting. Users register via WhatsApp for quick access and can log in to place wagers on mobile or desktop versions. The platform emphasizes security, promotions, and fast transactions, catering to bettors seeking entertainment and potential winnings worldwide.
Who are the top competitors of Encashea?
Encashea's top competitors include ScrapUncle, Bintix and TheKabadiWala.
What products or services does Encashea offer?
Encashea offers Sports Betting Service, Casino Games, and Mobile Betting App.
Who are Encashea's investors?
Encashea has 4 investors. Key investors include Hasiru Dala Innovations, Tracxn Labs, Kunal Shah, and Sandeep Tandon.