# Eatlo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eatlo

- Industry: Logistics & Distribution
- Headquarters: Bangalore, India
- Website: eatloapp.com
- Total disclosed funding: $0.5M
- Latest round: Angel (Jul 30, 2015)
- Investors on record: 2

## About

Eatlo is a digital platform providing online betting services, specializing in sports betting and casino games, aimed at enhancing user engagement and experience in the growing Southeast Asian market.Founded in 2014, Eatlo operates from Bangalore, India, and focuses on online betting services. The company, led by founder Shashank Aggarwal, has undergone strategic development since its inception. In July 2015, Eatlo raised INR 30.92 million during an ANGEL funding round, achieving a post-money valuation of INR 206.37 million. It has completed two funding deals to date, with the most recent deal involving investments from Globevestor and Powai Lake Ventures.Operating through its platform eatloapp.com, Eatlo offers online betting services under the UFABET brand. The platform features sports betting, particularly on football, and various casino games like baccarat and blackjack. Designed for both mobile and desktop users, it caters to casual and serious gamblers in Thailand and other Southeast Asian markets, targeting users aged 18 and above.In the most recent year, 2021, Eatlo generated zero revenue, with an EBITDA of -532.9 INR million. Its revenue model primarily relies on transaction-based fees from online betting and gaming services, where users place bets and engage with various games, facilitating a steady income stream from active participants.Eatlo plans to leverage the recent ANGEL funding of INR 30.92 million raised in July 2015 to enhance its platform and expand into new markets. The company aims to develop new product offerings targeting additional Southeast Asian countries, with specific timelines for rollouts yet to be announced. The funding will also support marketing initiatives to increase user engagement and transaction volume.

## Funding rounds

- Angel, Jul 30, 2015, $0.5M — Globevestor, Powai Lake Ventures

## Investors

- Globevestor (https://capitalatlas.ai/funds/globevestor) — Angel
- Powai Lake Ventures (https://capitalatlas.ai/funds/powai-lake-ventures) — Angel