About E-Reasoning
E-Reasoning is a company based in Hyderabad (India) founded in 2019 by Nitin Padmawar.. E-Reasoning has raised $872.52 thousand across 4 funding rounds from investors including Ramesh Chandra Majithia, Srinivas Isola and Saji Desouza. E-Reasoning operates in a competitive market with competitors including Crispy Gamer, CasinoVendors, PokerNews, dadaviz and Aquaknox, among others.
- Headquarter Hyderabad, India
- Founders Nitin Padmawar
- Stage Minicorn
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
- Legal Name Reasoning Global Eapplications Private Limited
- Date of Incorporation 14 May, 2007
- Jurisdiction Khairatabad, Telangana, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-300.59 (USD)28.06as on Mar 31, 2023
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EBITDA
$-300.59 (USD)-4608.1as on Mar 31, 2023
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Total Equity Funding
$872.52 K (USD)
in 4 rounds
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Latest Funding Round
$372.8 K (USD), Angel Round
Apr 07, 2022
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Investors
& 15 more
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Employee Count
Employee Count
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Funding Insights of E-Reasoning
E-Reasoning has successfully raised a total of $872.52K across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $372.8 thousand completed in April 2022. 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 Total Funding
- Total Rounds 4
- Last Round Angel Round — $372,801
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First Round
First Round
(20 Aug 2019)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Angel Round - E-Reasoning | Valuation | Ramesh Chandra Majithia | |
| Mar, 2021 | Amount | Angel Round - E-Reasoning | Valuation | Uma Rani | |
| Oct, 2020 | Amount | Angel Round - E-Reasoning | Valuation | Venumadhav Yerra |
| 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 E-Reasoning
E-Reasoning has secured backing from 16 investors, including angel investors. Prominent investors backing the company include Ramesh Chandra Majithia, Srinivas Isola and Saji Desouza. 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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RC
Ramesh Chandra Majithia |
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Founded Year | Domain | Location |
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SI
Srinivas Isola |
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Founded Year | Domain | Location |
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SD
Saji Desouza |
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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 E-Reasoning
| 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 - E-Reasoning
| 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 |
E-Reasoning Comparisons
Competitors of E-Reasoning
E-Reasoning 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 Crispy Gamer, CasinoVendors, PokerNews, dadaviz and Aquaknox, 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 |
Editorial coverage and online community for video gamers are offered.
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| domain | founded_year | HQ Location |
Online platform listing gaming suppliers, vendors, and manufacturers by product.
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| domain | founded_year | HQ Location |
Offers poker news, live events, and strategy guides for enthusiasts.
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| domain | founded_year | HQ Location |
Online platform publishing content focusing on Gambling
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| domain | founded_year | HQ Location |
Gaming news is delivered via Aquaknox online platform.
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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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Frequently Asked Questions about E-Reasoning
When was E-Reasoning founded?
E-Reasoning was founded in 2019.
Where is E-Reasoning located?
E-Reasoning is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of E-Reasoning?
Aneesh Reddy Boddu is the current CEO of E-Reasoning.
Is E-Reasoning a funded company?
E-Reasoning is a funded company, having raised a total of $872.52K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $104.8K, raised on Aug 20, 2019.
What does E-Reasoning do?
E-Reasoning was founded in 2019 in Hyderabad, India, as an online news portal in the gambling sector. Content on gambling news, deposit and withdrawal limits, gambler education, events, and online casinos is provided. Keyword-based searches are enabled for users. Revenue is generated through display advertisements, with operations centered on informational services for the gambling community.
Who are the top competitors of E-Reasoning?
E-Reasoning's top competitors include Crispy Gamer, Aquaknox and SequoiaVote.com.
Who are E-Reasoning's investors?
E-Reasoning has 16 investors. Key investors include Ramesh Chandra Majithia, Srinivas Isola, Saji Desouza, Lanka Muralidhar Venkatanaga, and Kesri Singh.
What is E-Reasoning's valuation?
The valuation of E-Reasoning is $8.27M as of Apr 2022.
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