# Octro

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

- Industry: Software
- Headquarters: Delhi, India
- Website: www.octro.com
- Total disclosed funding: $15M
- Latest round: Series A (Jun 3, 2014)
- Investors on record: 1

## About

Octro, Inc. is a digital gaming platform specializing in a variety of card and casino games. The company delivers interactive experiences through its popular offerings, appealing to a wide range of gamers in India and beyond.Founded in 2006 and headquartered in Delhi, India, Octro, Inc. operates as a digital gaming platform. The company has not undergone any notable pivots or structural changes since its inception. It was co-founded by Saurabh Aggarwal, who has a history of involvement in the tech industry. In June 2014, the company raised USD 15 mn in Series A financing led by Sequoia Capital, marking its first significant funding raise with a total amount raised of USD 15 mn and a current valuation of USD 70 mn.Octro Inc. operates as a digital gaming platform that offers a diverse range of leisure options, primarily focused on card and casino games. The company's core product offerings include popular games such as Teen Patti, Indian Rummy, PlayRummy, and Octro Poker, which cater to a wide audience of casual and competitive gamers. These games function on a social gaming model, allowing users to engage in real-time gameplay with friends and other participants, enhancing the interactive experience. The company targets markets in India and other regions where online gaming is emerging, effectively reaching a demographic that seeks entertainment through gaming. The end users of Octro’s services include casual players looking for recreation as well as more serious gamers aiming for competitive play, fostering a vibrant community around its offerings.Octro Inc. generates revenue primarily through in-game transactions and monetization strategies associated with its gaming products. Users typically engage in gameplay by purchasing chips or credits, which serve as the currency within the various game environments. The company employs a direct-to-consumer transaction structure, where players can buy these virtual goods via in-app purchases. Revenue is further supplemented through partnerships and promotional collaborations that enhance user engagement and expand the customer base. The flagship products, such as Teen Patti and Octro Poker, are positioned as premium gaming experiences, and the financial model is built around providing users with enticing gameplay options while encouraging in-game spending.In June 2014, Octro, Inc. raised USD 15 mn in Series A financing led by Sequoia Capital. The company plans to leverage this funding to enhance its platform and develop new gaming experiences for its users. Future initiatives include expanding its product portfolio with additional game offerings targeting both casual and competitive players. Furthermore, Octro aims to penetrate new geographic markets beyond India, focusing on regions with growing online gaming interest to increase its user base significantly in the coming years.

## Funding rounds

- Series A, Jun 3, 2014, $15M — Hong Shan

## Investors

- Hong Shan — Series A