About Probo
Probo is a company based in Gurugram (India) founded in 2019 by Ashish Garg and Sachin Subhashchandra Gupta. It operates as a Freemium. Probo has raised $25.96 million across 3 funding rounds from investors including Quality Electrodynamics, Sparrow Capital and Maypop. The company has 39 employees as of March 29, 2024. Probo offers products and services including Probo App. Probo operates in a competitive market with competitors including TradeX, Trago, PredChamp, Grooks and Plug Opinions, among others.
- Headquarter Gurugram, India
- Employees 39 as on 29 Mar, 2024
- Founders Ashish Garg, Sachin Subhashchandra Gupta
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Probo Media Technologies Private Limited
- Date of Incorporation 09 Oct, 2019
- Jurisdiction Dlf Qe, Haryana, India
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Annual Revenue
$11.28 M (USD)2261.62as on Mar 31, 2023
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Net Profit
$446.17 K (USD)112.19as on Mar 31, 2023
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EBITDA
$-1.42 M (USD)62.51as on Mar 31, 2023
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Total Equity Funding
$25.96 M (USD)
in 3 rounds
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Latest Funding Round
$90.98 K (USD), Series A
Dec 07, 2022
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Investors
Quality Electrodynamics
& 13 more
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Employee Count
39
as on Mar 29, 2024
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Products & Services of Probo
Probo offers a comprehensive portfolio of products and services, including Probo App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An app for gaming and fund withdrawal is provided.
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Funding Insights of Probo
Probo has successfully raised a total of $25.96M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $90.98 thousand completed in December 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 3
- Last Round Series A — $90,978
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First Round
First Round
(06 Jan 2022)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Probo | Valuation |
investors |
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| Mar, 2022 | Amount | Series A - Probo | Valuation |
investors |
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| Jan, 2022 | Amount | Series A - Probo | Valuation |
investors |
| 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 Probo
Probo has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Quality Electrodynamics, Sparrow Capital and Maypop. 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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Venture capital fund investing in SaaS, B2B, and fintech sectors
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Founded Year | Domain | Location | |
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Growth capital fund VC and accelerator firm for mid-stage tech companies
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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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 Probo
| 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 - Probo
| 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 |
Probo Comparisons
Competitors of Probo
Probo 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 TradeX, Trago, PredChamp, Grooks and Plug Opinions, 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 |
Predictions on world events are traded through an online platform.
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| domain | founded_year | HQ Location |
Online platform to bet and trade on event outcomes
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| domain | founded_year | HQ Location |
An online platform for predicting event outcomes.
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| domain | founded_year | HQ Location |
Operates a digital hub for event-based trading activities.
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| domain | founded_year | HQ Location |
App-based platform for predicting and trading outcomes of future events.
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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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Latest news on Probo
Frequently Asked Questions about Probo
When was Probo founded?
Probo was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Probo located?
Probo is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Probo?
Sachin Subhashchandra Gupta is the current CEO of Probo. They have also founded this company.
Is Probo a funded company?
Probo is a funded company, having raised a total of $25.96M across 3 funding rounds to date. The company's 1st funding round was a Series A of $15.97M, raised on Jan 06, 2022.
How many employees does Probo have?
As of Mar 29, 2024, the latest employee count at Probo is 39.
What is the annual revenue of Probo?
Annual revenue of Probo is $11.28M as on Mar 31, 2023.
What does Probo do?
A platform for online gaming is provided by Probo through its mobile application. Operations related to money gaming have been halted recently. Users are encouraged to download the app for fund withdrawals. Support is available for app-related issues via email.
Who are the top competitors of Probo?
Probo's top competitors include TradeX, Trago and Plug Opinions.
What products or services does Probo offer?
Probo offers Probo App.
Who are Probo's investors?
Probo has 14 investors. Key investors include Quality Electrodynamics, Sparrow Capital, Maypop, Fundamentum, and Sequoia Capital.
What is Probo's valuation?
The valuation of Probo is $95.73M as of Dec 2022.