Delvit Solutions Pvt. Ltd.
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Delvit Solutions Pvt. Ltd. - overview
Established
2016
Location
Bangalore, Karnataka, India
Primary Industry
Software
About
Delvit Solutions Pvt. Ltd. is an innovative technology company based in India, specializing in online lottery platforms that offer a diverse range of lottery games for users, primarily in the Indian market. Established in 2016 and headquartered in Bangalore, India, Delvit Solutions Pvt.
Ltd. focuses on developing online lottery solutions. The company was founded by individuals with previous experience in technology and gaming sectors. In March 2021, Amazon Technologies Inc.
acquired Delvit Solutions Pvt. Ltd. for USD 14. 7 mn from investors including Kalaari Capital and Prime Venture Partners.
This acquisition followed a series of four investment rounds, culminating in the latest Trade Sale round. Delvit Solutions Pvt. Ltd. operates an online lottery platform that offers various lottery games, including toto, 2D, and 3D, allowing users to select numbers and match them against drawn results.
The platform aims to enhance accessibility to online gambling, addressing challenges in traditional lottery systems, and primarily serves individual players in Indonesia, where online lottery gaming has been growing since the early 2000s. It offers a user-friendly experience, ensuring easy registration and seamless transaction processes for its clientele. In the most recent financial year, 2022, Delvit Solutions Pvt. Ltd.
reported a revenue of USD 85,728 and an EBITDA of USD -19,720. 4, indicating operational challenges during this period, which may reflect on their business model driven by transaction-based activities. Following its acquisition by Amazon Technologies Inc. , Delvit Solutions Pvt.
Ltd. is positioned to leverage additional financial resources for expansion. The company plans to enhance its platform by introducing new gaming options and expanding its reach into new geographic markets, with a focus on increasing its footprint beyond India. The funding from the acquisition will also support employee remuneration and operational scaling, allowing for a robust growth strategy as it navigates the competitive landscape of online gaming.
Current Investors
Kalaari Capital, General Catalyst India, Kstart Capital
Primary Industry
Software
Sub Industries
Accounting/Finance Software
Website
www.perpule.com
Verticals
AdTech, E-commerce, Mobile Apps
Total Amount Raised
Subscriber access only
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