# Ressy Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ressy-technologies-pvt

- Industry: Internet
- Headquarters: Pune, India
- Website: www.ressyapp.com
- Total disclosed funding: $0.4M
- Latest round: Angel (Aug 2, 2015)
- Investors on record: 3

## About

Ressy Technologies Pvt. Ltd specializes in developing innovative online gaming solutions for mobile platforms, focusing on delivering engaging experiences tailored for Android users.Founded in 2015 and headquartered in Pune, India, Ressy Technologies Pvt. Ltd operates as a company focused on online gaming applications. The company has undergone a strategic shift in business operations, successfully raising USD 0.40 mn in an Angel funding round on July 14, 2017, with participation from 3one4Capital Advisors, Eight Capital, and Lets Venture Technologies Private Limited. The founder, Aaron Vasant, has a background in technology and entrepreneurship, although details of previous ventures are not available. Ressy is recognized for its total of three funding deals to date, all contributing to its development and market presence.Prabu99 is a prominent online gaming portal tailored for Android devices, offering a wide array of games including action, puzzles, and more. Designed to meet the rising demand for mobile gaming, Prabu99 provides users with easy access to engaging games, primarily catering to gaming enthusiasts across Southeast Asia, particularly in Indonesia where mobile gaming is experiencing rapid growth.In the most recent fiscal year of 2019, Ressy Technologies reported zero revenue. The company recorded an EBITDA of -274.7 in 2023, indicating current financial challenges. Prabu99 utilizes a transactional revenue model, facilitating quick deposits and withdrawals through various payment methods, including bank transfers and popular e-wallets in the region. Revenue primarily comes from in-game purchases and player transactions, allowing a broad user engagement.Looking ahead, Ressy Technologies aims to expand its gaming portfolio with new product offerings set to launch in the upcoming quarter. The company is also targeting increased penetration in emerging markets within Southeast Asia by the end of 2024. The funds raised in the Angel funding round will be strategically deployed to enhance game development and support marketing initiatives, aiming to bolster the platform's user base and overall market share. In July 2017, Ressy Technologies was acquired by Eatigo International Pte. Ltd., a portfolio company of TripAdvisor, further integrating its operations within a larger corporate structure.

## Funding rounds

- Angel, Aug 2, 2015, $0.4M — Lets Venture Technologies Private Limited, Eight Capital, 3one4Capital Advisors

## Investors

- Lets Venture Technologies Private Limited — Angel
- Eight Capital — Angel
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Angel