About Encashea
Encashea was a Consumer company based in Bengaluru (India) founded in 2015 by Priyank Jain, Harshal Chaudhari, and Rahul Jaiswal, and was acquired by Hasiru Dala Innovations in January 2017. Online sports betting platform offering live wagering and casino entertainment for users. It operates on a B2C and D2C model. The company is recorded as dissolved. Encashea offers products and services including Sports Betting Service, Casino Games, and Mobile Betting App. Its focus areas include Gaming Tech, Sports Betting, Online Bookmaker and Casino Gaming. Its legal entity in India is Encashea Technologies Private Limited (U72200KA2015PTC082500). Its competitors include ScrapUncle, Bintix and TheKabadiWala; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Founders Priyank Jain, Harshal Chaudhari, Rahul Jaiswal
- Stage Acquired
- SectorsConsumer
- Website encashea.com
- Social X Facebook
- Acquired by Hasiru Dala Innovations (Jan 2017)
- Legal Name Encashea Technologies Private Limited
- Date of Incorporation 26 Aug, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5,104
FY 2018 · -100% YoY
- Net Loss-₹1.1 Lakh
FY 2018 · -2248% margin
- EBITDA-₹64,722
FY 2018 · -1268% margin
- InvestorsHasiru Dala Innovations
& 3 more
- Acquired byHasiru Dala Innovations
(Jan 2017)
Associated legal entities of Encashea
Encashea operates through Encashea Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Encashea Technologies Private Limited CIN U72200KA2015PTC082500 | Strike Off | 26 Aug 2015 | Bangalore, Karnataka | ₹0.0 Cr | 3 | View details |
Products & Services of Encashea
Encashea offers a comprehensive portfolio of products and services, including Sports Betting Service, Casino Games, and Mobile Betting App.
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 Rounds 1
- Investors Count 3
All 1 funding rounds of Encashea 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 |
|---|---|---|---|---|---|
| Aug 2016 | Seed | – | – |
4 investors in total: 2 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investment and support for technology companies. | 2013 | tracxnlabs.com | Bengaluru, India | |
KS Kunal Shah | Founder of CRED, serial entrepreneur, and prominent Indian angel investor | unknown_a49d89af50904907b | ||
ST Sandeep Tandon | Co-founder of Freecharge, angel investor, fintech pioneer in India | unknown_d417395629d14b54b | ||
Integrated waste management solutions are provided for urban areas. | 2015 | hasirudalainnovations.com | Bengaluru, India |
Investor details for Encashea
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 Encashea Technologies Private Limited (Encashea)
Encashea Technologies Private Limited is the primary company behind Encashea. The board of Encashea Technologies Private Limited currently have 3 directors; the longest-serving is Harshal Girish Chaudhari, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harshal Girish Chaudhari DIN 07259953 | Director | 26 Aug 2015 | 11 yrs 2 mo | Encashea Technologies Private Limited |
| Rahul Jaiswal DIN 03610914 | Director | 26 Aug 2015 | 11 yrs 2 mo | Encashea Technologies Private Limited |
| Priyank Jain DIN 07308355 | Additional Director | 17 Nov 2015 | 10 yrs 11 mo | Encashea Technologies Private Limited |
People of Encashea
3 people are tracked at Encashea (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Encashea
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 Encashea
Figures of Encashea Technologies Private Limited, the primary company behind Encashea, for FY 2018. Revenue was ₹5,104 (-100% year on year). Net loss was -₹1.1 Lakh (-2248% margin). EBITDA was -₹64,722 (-1268% margin).
- ₹5,104Revenue · FY 2018 · -100% YoY
- -₹1.1 LakhNet loss · -2248% margin
- -₹64,722EBITDA · -1268% margin
- ₹5.9 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Encashea Technologies Private Limited are on its company page.
Detailed financial statements for Encashea
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Encashea
3 dated milestones of Encashea across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Encashea is founded.
- Funding First funding round.
- Exit Acquired by Hasiru Dala Innovations.
Competitors of Encashea
Encashea has 3 listed competitors in our database, 3 of them funded. They include ScrapUncle, Bintix and TheKabadiWala.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scrapuncle.com | 2016 | Delhi, India | $520,212 | ScrapUncle - Recycling Made Easy | ||
| bintix.com | 2005 | Hyderabad, India | $537,002 | 10 | Door-step dry waste collection solution provider | |
| thekabadiwala.com | 2013 | Bhopal, India | $2.93M | 18 | Online platform providing waste collection service |
Detailed competitors of Encashea
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Gambling & Entertainment Platforms
3 companies that operate in the same segment as Encashea (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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Related news about Encashea
Complete news archive for Encashea
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Frequently Asked Questions about Encashea
Encashea was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Encashea is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Encashea, Encashea Technologies Private Limited, reported revenue of ₹5,104 for FY 2018, down 100% year on year.
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.
Encashea's top competitors include ScrapUncle, Bintix and TheKabadiWala.
Encashea offers Sports Betting Service, Casino Games, and Mobile Betting App.
Encashea has 4 investors. Key investors include Hasiru Dala Innovations, Tracxn Labs, Kunal Shah, and Sandeep Tandon.
Encashea operates through Encashea Technologies Private Limited.
Yes. Encashea was acquired by Hasiru Dala Innovations in January 2017.
The legal entities of Encashea currently have 3 directors, including Harshal Girish Chaudhari, Priyank Jain, Rahul Jaiswal.