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E-Reasoning - About the company

E-Reasoning is a seed company based in Hyderabad (India), founded in 2019 by Nitin Padmawar and Abhay Deshpande. It operates as an Online news portal focused on gambling. E-Reasoning has raised $873K in funding, with a current valuation of $*****. The company has 463 active competitors, including 2 funded and 6 that have exited. Its top competitors include companies like PokerNews, Black Lotus Casino and Aquaknox.

Company Details

E-Reasoning is an online news portal focused on gambling. It offers news and information related to gambling news, deposit & withdrawal limits info, gambler education, events, online casinos, and more. Users can search for content through keywords. Monetizes through display advertisements.
Registered Address
2nd Floor along with servent quarter, bearing Plot No. 64 ,Street No. -1,Sagar Society, Road no.2 ,Banjara Hills,Hyderabad .T.S-500034, Banjara Hills, Hyderabad, Khairatabad, Telangana, India, 500034
Key Metrics
Founded Year
2019
Location
Hyderabad, India
Stage
Seed
Total Funding
$873K in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Apr 07, 2022
Ranked
Employee Count
5 as on Mar 31, 2017
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E-Reasoning's funding and investors

E-Reasoning has raised a total funding of $873K over 4 rounds. Its first funding round was on Aug 20, 2019. Its latest funding round was a Angel round on Apr 07, 2022 for $*****. 4 investors participated in its latest round. E-Reasoning has 3 institutional investors and 16 angel investors.

Here is the list of recent funding rounds of E-Reasoning:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Apr 07, 2022
2790726
Angel
5616203
8332973
3131472
4638245
Mar 11, 2021
5106055
Angel
1263078
9132839
2139514
Oct 11, 2020
7544688
Angel
1557145
4921004
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E-Reasoning's founders and board of directors

Founder? Claim Profile
The founders of E-Reasoning are Nitin Padmawar and Abhay Deshpande. Aneesh Reddy Boddu is the CEO of E-Reasoning.
Here are the details of E-Reasoning's key team members:

E-Reasoning's employee count trend

E-Reasoning has 5 employees as of Mar 17. Here is E-Reasoning's employee count trend over the years:
Employee count trend for E-Reasoning
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E-Reasoning's Competitors and alternates

Top competitors of E-Reasoning include PokerNews, Black Lotus Casino and Aquaknox. Here is the list of Top 10 competitors of E-Reasoning, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for PokerNews
PokerNews
2002, Douglas (United Kingdom), Unfunded
Online platform offering poker news
-
-
41/100
2nd
Logo for E-Reasoning
E-Reasoning
2019, Hyderabad (India), Seed
Online news portal focused on gambling
$873K
34/100
3rd
Logo for Black Lotus Casino
Black Lotus Casino
2012, Auckland (New Zealand), Unfunded
Platform where players can access various casino games like slots,table games,video poker etc
-
-
32/100
4th
Logo for Aquaknox
Aquaknox
2003, Las Vegas (United States), Acquired
Online platform offering gaming news
-
-
30/100
5th
Logo for Innovate Technologies
Innovate Technologies
2025, Chennai (India), Funding Raised
Operator of an online platform for a three-card game of chance
-
-
28/100
6th
Logo for Crispy Gamer
Crispy Gamer
2007, New York City (United States), Series A
Your trusted guide to online casinos, reviews, bonuses, and more
$8.25M
27/100
7th
Logo for SequoiaVote.com
SequoiaVote.com
1990, Oakland (United States), Acquired
Online platform offering reviews on multi-category gambling games
-
-
26/100
8th
Logo for Gutshot Magazine
Gutshot Magazine
2011, Mumbai (India), Unfunded
Official site of multiple topics magazines
-
-
26/100
9th
Logo for CasinoVendors
CasinoVendors
1999, Newton (United States), Unfunded
Online platform offering gambling-related news
-
-
25/100
10th
Logo for St. James Theatre
St. James Theatre
2010, London (United Kingdom), Public
Operator of online platforms listing casino gaming sites for UK players
-
-
24/100
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E-Reasoning's Latest cap tables and shareholding

Founders own 19.48%, Enterprises own 9.12%, Angels own 18.01% and Other People (largest shareholder) own 44.24%. The net worth of E-Reasoning's founders is INR 33.2Cr as of Dec 11, 2024.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
19.48%
33.2Cr
5027965
2783485
2193108
8890349
Enterprise
9.12%
15.6Cr
6695580
2682974
8685844
3309118
Angel
18.01%
30.7Cr
4672355
4438327
4574751
2662335
9200
9498
1039
6025
1278
2323
90
66
81
48
77
93
7
3
8
4
7
3
4
1
5
7
2
5
1
1
1
7
1
5
0
0
0
0
0
0
0
0
0
0
0
0
Other People
44.24%
75.5Cr
4265786
2324405
1028543
9810508
ESOP Pool
9.13%
15.6Cr
5697155
2490630
2219284
9740490
Total
99.98%
171Cr
9138624
9151241
4779342
3427096
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of E-Reasoning's Shareholding

E-Reasoning's Investments and acquisitions

E-Reasoning has made no investments or acquisitions yet.

Reports related to E-Reasoning

Here is the latest report on E-Reasoning's geography:

FAQs about E-Reasoning

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