About OMEGA89
OMEGA89 is a Financial Services company based in Oakland (United States) founded in 2019. Banking platform and debit cards are offered for teenagers. It operates on a Freemium model. OMEGA89 has raised $394.53 thousand across 3 funding rounds from investors including Wellfound, Y Combinator and Hypotenuse Capital. OMEGA89 was last valued at $1.87 million in November 2020. Its Indian entity Walrus Labs Private Limited reported revenue of ₹1.76 Cr. OMEGA89 offers products and services including Online Slot Platform. Its focus areas include Entertainment, Gaming and Online Gambling.
Company details
OMEGA89 is established as a trusted platform for online slot gaming. Various gaming options are provided to users seeking entertainment. A secure environment is maintained for players to engage easily. New member bonuses are offered to attract participants. The platform operates within the online gambling sector, focusing on user satisfaction through diverse game selections.
- Headquarters Oakland, United States
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website walrus.club
- Social LinkedIn X
- Legal Name Walrus Labs Private Limited
- Date of Incorporation 20 Jun, 2019
- Jurisdiction Bengaluru, Karnataka, India
- Indian entity revenue₹1.76 Cr
FY 2022 · +5486% YoY
- Indian entity net loss-₹7.8 Lakh
FY 2022 · -4% margin
- Indian entity EBITDA-₹1.54 Cr
FY 2022 · -87% margin
- Total Equity Funding$394.53K (USD)
in 3 rounds
- Latest Funding Round$125K (USD), Seed
Sep 2021
- InvestorsWellfound
& 29 more
Associated legal entities of OMEGA89
OMEGA89 operates through Walrus Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Walrus Labs Private Limited CIN U72900KA2019PTC125454 | Active | 20 Jun 2019 | Bengaluru, Karnataka | ₹1.8 Cr | 2 | View details |
Products & Services of OMEGA89
OMEGA89 offers a comprehensive portfolio of products and services, including Online Slot Platform.
Online slot games are offered for user entertainment.
Funding Insights of OMEGA89
OMEGA89 has successfully raised a total of $394.53K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand completed in September 2021. 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 $394,526
- Total Rounds 3
- Last Round Seed — $125,000
- First Round $269,526
(Mar 2020)
- Investors Count 30
All 3 funding rounds of OMEGA89 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 |
|---|---|---|---|---|---|
| Sep 2021 | $125,000 | Seed | – | Y Combinator | – |
| Nov 2020 | Angel Round | $1.87M | Chandraprabha S | – | |
| Mar 2020 | $269,526 | Seed | $1.88M | Wellfound, Better Capital |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2020 | $1.87M | •••••••• |
| Mar 2020 | $1.88M | •••••••• |
Last known valuation $1.87M (Nov 2020). 30 investors in total: 4 institutional and 26 angel.
Investors in OMEGA89
OMEGA89 has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wellfound, Y Combinator and Hypotenuse Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Early-stage companies are invested in by Better Capital. | bettercapital.vc | Santa Clara, United States | ||
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Functions as an asset management firm providing investment solutions to clients. | 2013 | hypotenusecap.com | Hanover, United States | |
YM Yasmin M Khanbhai | unknown_aad5481287ce45e19 | |||
LJ Lloyd Joel Dsilva | unknown_ed86ee23d8c8424ca | |||
NK Naman K Sarawagi | unknown_4bf9d1317c634ec6a | |||
CS Chandan Setty | unknown_1f7917bc39a3473d9 | |||
PM Poorva Mohril Kelkar | unknown_3b2149d1db3b4afcb | |||
AK Anil Kumar Gadam Varadharaju | unknown_0178968ae2754f349 |
Investor details for OMEGA89
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Walrus Labs Private Limited (OMEGA89)
Walrus Labs Private Limited is the primary company behind OMEGA89. The board of Walrus Labs Private Limited currently have 2 directors; the longest-serving is Sriharsha Setty, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sriharsha Setty DIN 08489117 | Director | 20 Jun 2019 | 7 yrs 4 mo | Walrus Labs Private Limited |
| Bhagaban Behera DIN 07988018 | Director | 20 Jun 2019 | 7 yrs 4 mo | Walrus Labs Private Limited |
Financials of OMEGA89
Figures of Walrus Labs Private Limited, the primary company behind OMEGA89, for FY 2022. Revenue was ₹1.76 Cr (+5486% year on year). Net loss was -₹7.8 Lakh (-4% margin). EBITDA was -₹1.54 Cr (-87% margin).
- ₹1.76 CrRevenue · FY 2022 · +5486% YoY
- -₹7.8 LakhNet loss · -4% margin
- -₹1.54 CrEBITDA · -87% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Walrus Labs Private Limited are on its company page.
Detailed financial statements for OMEGA89
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 OMEGA89
4 dated milestones of OMEGA89 across 2 years, from founding to its latest funding, stage changes and deals.
- Founded OMEGA89 is founded.
- Funding First funding round of $270K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $125K.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as OMEGA89 (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Omega89
Complete news archive for OMEGA89
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Frequently Asked Questions about OMEGA89
OMEGA89 was founded in 2019 and raised its 1st funding round 1 year after it was founded.
OMEGA89 is headquartered in Oakland, United States. It is registered at Oakland, California, United States.
OMEGA89 is a funded company, having raised a total of $394.53K across 3 funding rounds to date. The company's 1st funding round was a Seed of $269.53K, raised on Mar 2020.
The primary company behind OMEGA89, Walrus Labs Private Limited, reported revenue of ₹1.76 Cr for FY 2022, up 5486% year on year.
OMEGA89 is established as a trusted platform for online slot gaming. Various gaming options are provided to users seeking entertainment. A secure environment is maintained for players to engage easily. New member bonuses are offered to attract participants. The platform operates within the online gambling sector, focusing on user satisfaction through diverse game selections.
OMEGA89 offers Online Slot Platform.
OMEGA89 has 30 investors. Key investors include Wellfound, Y Combinator, Hypotenuse Capital, Yasmin M Khanbhai, and Lloyd Joel Dsilva.
The valuation of OMEGA89 is $1.87M as of Nov 2020.
OMEGA89 operates through Walrus Labs Private Limited.
The legal entities of OMEGA89 currently have 2 directors, including Sriharsha Setty, Bhagaban Behera.