Indorse Pte. Ltd.
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Indorse Pte. Ltd. - overview
Established
2017
Location
Singapore, -, Singapore
Primary Industry
Internet
About
Indorse Pte. Ltd. is a blockchain technology company specializing in play-to-earn NFT ecosystems, enhancing user engagement through innovative gaming products and strategic enterprise solutions. Indorse Pte.
Ltd. operates within the blockchain technology sector, developing a play-to-earn NFT ecosystem. Founded in 2017, in Singapore, the company has seen a focus on NFT-based gaming. The founders, Avadhoot Kulkarni, David Moskowitz, and Gaurang Torvekar, have previous entrepreneurial experience.
The company has completed 4 deals, with the latest funding round being a Seed round on November 25, 2019, where it raised USD 1. 38 mn led by Brand Capital and Seedcoin. Indorse has a current valuation of USD 12. 57 mn.
Indorse specializes in a play-to-earn NFT ecosystem, primarily offering products such as the BlockBout game and associated powerups that enhance user experience. The platform enables users to engage with NFTs that serve not only as collectibles but also provide gameplay enhancements and strategic advantages. Indorse has established partnerships with enterprise clients across various sectors, leveraging blockchain technology to improve business outcomes and operational efficiencies. The company's offerings are tailored for markets including North America, Europe, and parts of Asia, focusing on both individual gamers and corporate clients seeking to integrate blockchain solutions into their operations.
In the most recent year, 2024, Indorse generated revenues of USD 376,560 and an EBITDA of USD 139,478. The company operates on a model likely encompassing direct consumer sales, partnerships, and enterprise solutions, facilitating transactions through NFTs in gaming and business applications. Clients engage with Indorse by purchasing NFTs or subscribing to services that enhance their gaming experience or operational capabilities. Indorse is focused on expanding its product offerings and market reach.
The company is designing new features and enhancements for its gaming products, with plans to launch updates in the near future. Additionally, Indorse aims to further penetrate markets across Europe and Asia by the end of 2025. The recent Seed funding of USD 1. 38 mn will support these initiatives, facilitating product development and market expansion efforts.
This funding round valued Indorse at USD 13 mn post-money.
Current Investors
Coinsilium Group, Brand Capital, Seedcoin - Bitcoin Startup Incubator
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Web Applications, Analytics & Performance Software
Website
www.indorse.io
Verticals
AdTech, Blockchain
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Indorse Pte. Ltd. - timeline of key events
Indorse Pte. Ltd. - financials
| Fiscal Year Ended | Apr 30, 2018 | Apr 30, 2019 | Apr 30, 2020 | Apr 30, 2021 | Apr 30, 2022 | Apr 30, 2023 | Apr 30, 2024 | Apr 30, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 13,463 | 2,442,766 | 2,470,654 | 2,672,146 | 381,160 | - | - | - |
| % Revenue Growth (YoY) | - | 18044.3% | 1.1% | 8.2% | (85.7%) | - | - | - |
| EBITDA (USD) | (1,711,904) | (795,168) | 488,302 | 3,624,897 | (1,755,118) | - | - | - |
| Operating Income (USD) | (1,723,509) | (876,200) | 457,310 | 3,620,211 | (1,755,828) | - | - | - |
| Operating Margin | (12801.8%) | (35.9%) | 18.5% | 135.5% | (460.7%) | - | - | - |
| % EBITDA Margin | (12715.6%) | (32.6%) | 19.8% | 135.7% | (460.5%) | - | - | - |
| NET Income (USD) | (1,723,509) | (876,200) | 457,310 | 3,620,211 | (1,755,828) | - | - | - |
| % Net Margin | (12801.8%) | (35.9%) | 18.5% | 135.5% | (460.7%) | - | - | - |
Indorse Pte. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Seed | Completed | Indorse Pte. Ltd. | - | ||||||||
| Venture Debt | Completed | Indorse Pte. Ltd. | - | ||||||||
| Unspecified Round | Completed | Indorse Pte. Ltd. | - | ||||||||
| Venture Debt | Completed | Indorse Pte. Ltd. | - |
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Indorse Pte. Ltd. - employee data
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