About Let's Binge
Let's Binge is a Financial Services company based in Bengaluru (India) founded in 2014, and was acquired by vMobo in October 2016. Mobile Wallets for bars and restaurants. The company was acqui-hired. Its focus areas include FinTech, Payments, Consumer Payments and Vertical Payments. Its legal entity in India is Noroc Solutions Private Limited (U72400KA2014PTC075638). Its competitors include NoKards, Pocketbill and SplitKart.
Company details
Binge is a mobile wallet which users can use to track and pay bills at restaurants and bars. Users add cards to their binge account and connect with the POS sytem of the restaurantbar using their binge ID. Allows users to split bill equally among four other binge users. The total bill can be settled only after each friend settles his share. Users can also avail offers on each payment. In Oct 2016, Binge was acquired by California-based direct marketing company vMobo for a valuation of 3.5 million
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website letsbinge.com
- Social X Facebook
- Acquired by vMobo (Oct 2016)
- Legal Name Noroc Solutions Private Limited
- Date of Incorporation 04 Aug, 2014
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Let's Binge
Let's Binge operates through Noroc Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Noroc Solutions Private Limited CIN U72400KA2014PTC075638 | Active | 04 Aug 2014 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Investors in Let's Binge
Let's Binge has secured backing from 1 investor. Prominent investors backing the company include vMobo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Interactive text-based direct marketing tools are developed and provided. | 2008 | vmobo.com | Fremont, United States |
Investor details for Lets Binge
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Board of directors of Noroc Solutions Private Limited (Let's Binge)
Noroc Solutions Private Limited is the primary company behind Let's Binge. The board of Noroc Solutions Private Limited currently have 2 directors; the longest-serving is Santosh Martin, appointed in 2014. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Santosh Martin DIN 01882014 | Managing Director | 04 Aug 2014 | 12 yrs 3 mo | Noroc Solutions Private Limited |
| Ajay Joseph DIN 06911054 | Managing Director | 04 Aug 2014 | 12 yrs 3 mo | Noroc Solutions Private Limited |
Financials of Let's Binge
Figures of Noroc Solutions Private Limited, the primary company behind Let's Binge, for FY 2020. Revenue was ₹1,000 (+39% year on year). Net loss was -₹1.7 Lakh (-16617% margin). EBITDA was -₹1.7 Lakh (-16617% margin). Revenue has grown at a compounded annual rate of -70% over three years and -62% over five years.
- ₹1,000Revenue · FY 2020 · +39% YoY
- -₹1.7 LakhNet loss · -16617% margin
- -₹1.7 LakhEBITDA · -16617% margin
- ₹60.6 LakhPaid-up capital
- -70%Revenue CAGR, 3 years
- -62%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Noroc Solutions Private Limited are on its company page.
Detailed financial statements for Let's Binge
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Timeline of Let's Binge
2 dated milestones of Let's Binge across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Let's Binge is founded.
- Exit Acquired by vMobo.
Competitors of Let's Binge
Let's Binge has 3 listed competitors in our database. They include NoKards, Pocketbill and SplitKart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nokards.com | 2016 | Pune, India | 139 | White-label payment solutions are provided for banks and merchants. | ||
| pocketbill.co | 2017 | Hyderabad, India | Bills are paid via a mobile wallet with receipt storage. | |||
| splitkart.com | 2014 | Delhi, India | A mobile app for effortlessly splitting bills and processing payments. |
Detailed competitors of Lets Binge
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Let's Binge (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Let's Binge
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Frequently Asked Questions about Let's Binge
Let's Binge was founded in 2014.
Let's Binge is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Let's Binge, Noroc Solutions Private Limited, reported revenue of ₹1,000 for FY 2020, up 39% year on year.
Binge is a mobile wallet which users can use to track and pay bills at restaurants and bars. Users add cards to their binge account and connect with the POS sytem of the restaurantbar using their binge ID. Allows users to split bill equally among four other binge users. The total bill can be settled only after each friend settles his share. Users can also avail offers on each payment. In Oct 2016, Binge was acquired by California-based direct marketing company vMobo for a valuation of 3.5 million.
Let's Binge's top competitors include NoKards, SplitKart and Pocketbill.
Let's Binge has 1 investor. Key investors include vMobo.
Let's Binge operates through Noroc Solutions Private Limited.
Yes. Let's Binge was acquired by vMobo in October 2016.
The legal entities of Let's Binge currently have 2 directors, including Santosh Martin, Ajay Joseph.