About Logicash
Logicash is a Financial Services company based in Mumbai (India) founded in 2010. Online gambling platform focused on sports betting and casino games for Bangladeshi users. It operates in the Financial Services and Consumer sectors. Logicash has raised $496.91 thousand across 1 funding round from investors including Tuhin Mishra. The company has 1 employees. Logicash was last valued at $1.14 million in December 2012. Its Indian entity Logicash Solutions Private Limited reported revenue of ₹161 Cr. Logicash offers products and services including Sports Betting and Casino Games. Its focus areas include Gaming and Entertainment, Digital Services, Payment Processing and Secure Transactions.
Company details
ElonBet Casino has been established as a platform for online gambling, particularly catering to players in Bangladesh since 2023 under Curaçao licensing. A wide range of sports betting options and casino games is provided, including slots and live dealer experiences, with support for local payment methods like bKash. Bonuses such as welcome offers and loyalty programs are made available, though wagering requirements must be met. The platform is accessed through mobile apps and websites, ensuring user security and 247 support, while compliance with regulations is maintained through verification processes. Overall, it serves as a comprehensive destination for betting activities.
- Headquarters Mumbai, India
- Employees 1
- Stage Minicorn
- SectorsFinancial ServicesConsumer
- Email••••••••
- Legal Name Logicash Solutions Private Limited
- Date of Incorporation 11 Nov, 2009
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹161 Cr
FY 2019 · +20% YoY
- Net Profit₹3.05 Cr
FY 2019 · 2% margin
- EBITDA₹9.49 Cr
FY 2019 · 6% margin
- Total Equity Funding$496.91K (USD)
in 1 rounds
- Latest Funding Round$496.91K (USD), Angel Round
Dec 2012
- Employee Count1
Associated legal entities of Logicash
Logicash operates through Logicash Solutions Private Limited (under cirp). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Logicash Solutions Private Limited CIN U74990MH2009PTC197031 | Under Cirp | 11 Nov 2009 | Mumbai, Maharashtra | ₹161 Cr | 1 | 5 | View details |
Products & Services of Logicash
Logicash offers a comprehensive portfolio of products and services, including Sports Betting and Casino Games.
Sports betting services are provided for events like football and cricket, with options such as live bets and accumulators to accommodate various user preferences.
Casino games are offered, including slots and table games like blackjack, which are designed to deliver engaging experiences through partnerships with game providers.
Funding Insights of Logicash
Logicash has successfully raised a total of $496.91K through 1 strategic funding round. The most recent funding activity was a Angel Round of $496.91 thousand completed in December 2012. 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 $496,908
- Total Rounds 1
- Last Round Angel Round — $496,908
- First Round $496,908
(Dec 2012)
- Investors Count 1
All 1 funding rounds of Logicash 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 |
|---|---|---|---|---|---|
| Dec 2012 | $496,908 | Angel Round | $1.14M | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2012 | $1.14M | •••••••• |
Last known valuation $1.14M (Dec 2012). 1 investors in total: 0 institutional and 1 angel.
Investors in Logicash
Logicash has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Tuhin Mishra.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
TM Tuhin Mishra | unknown_a6a1e27c37144fb89 |
Investor details for Logicash
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 Logicash Solutions Private Limited (Logicash)
Logicash Solutions Private Limited is the primary company behind Logicash. The board of Logicash Solutions Private Limited currently have 5 directors; the longest-serving is Vipin Jain, appointed in 2009. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vipin Jain DIN 00852855 | Managing Director | 11 Nov 2009 | 16 yrs 11 mo | Logicash Solutions Private Limited |
| Petrus Hermans DIN 03435354 | Director | 26 Aug 2010 | 16 yrs 2 mo | Logicash Solutions Private Limited |
| Karanraj Paramjeet Sahi DIN 00297028 | Director | 09 Feb 2017 | 9 yrs 8 mo | Logicash Solutions Private Limited |
| Swati Nanhelal Singh DIN 07288261 | Additional Director | 29 Sep 2020 | 6 yrs 1 mo | Logicash Solutions Private Limited |
| Mrudula Brodie Cletus DIN 08174365 | IRP/RP/Liquidator | 02 Jan 2024 | 2 yrs 9 mo | Logicash Solutions Private Limited |
Financials of Logicash
Figures of Logicash Solutions Private Limited, the primary company behind Logicash, for FY 2019. Revenue was ₹161 Cr (+20% year on year). Net profit was ₹3.05 Cr (2% margin). EBITDA was ₹9.49 Cr (6% margin). Revenue has grown at a compounded annual rate of +10% over three years.
- ₹161 CrRevenue · FY 2019 · +20% YoY
- ₹3.05 CrNet profit · 2% margin
- ₹9.49 CrEBITDA · 6% margin
- ₹20.31 CrPaid-up capital
- 1Employees (provident fund records)
- +10%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Logicash Solutions Private Limited are on its company page.
Detailed financial statements for Logicash
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 Logicash
3 dated milestones of Logicash across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Logicash is founded.
- Funding First funding round of $497K.
- Milestone Reaches Minicorn status.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Logicash (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 Logicash
Complete news archive for Logicash
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Frequently Asked Questions about Logicash
Logicash was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Logicash is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Logicash is a funded company, having raised a total of $496.91K across 1 funding round to date. The company's 1st funding round was a Angel Round of $496.91K, raised on Dec 2012.
Logicash has 1 employees.
The primary company behind Logicash, Logicash Solutions Private Limited, reported revenue of ₹161 Cr for FY 2019, up 20% year on year.
ElonBet Casino has been established as a platform for online gambling, particularly catering to players in Bangladesh since 2023 under Curaçao licensing. A wide range of sports betting options and casino games is provided, including slots and live dealer experiences, with support for local payment methods like bKash. Bonuses such as welcome offers and loyalty programs are made available, though wagering requirements must be met. The platform is accessed through mobile apps and websites, ensuring user security and 247 support, while compliance with regulations is maintained through verification processes. Overall, it serves as a comprehensive destination for betting activities.
Logicash offers Sports Betting and Casino Games.
Logicash has 1 investor. Key investors include Tuhin Mishra.
The valuation of Logicash is $1.14M as of Dec 2012.
Logicash operates through Logicash Solutions Private Limited.
The legal entities of Logicash currently have 5 directors, including Petrus Hermans, Swati Nanhelal Singh, Karanraj Paramjeet Sahi and others.