Clipapp - About the company
Clipapp is an acquired company based in Bengaluru (India), founded in 2016 by and Ashish Gupta. It operates as a Mobile-based social platform in regional languages. Clipapp has raised $10.1M in funding from Shunwei Capital and Z47, with last known valuation of $35.4M. The company has 306 active competitors, including 50 funded and 17 that have exited. Its top competitors include companies like Instagram, ShareChat and MIXI.
Company Details
ClipApp is a Bengaluru-based startup that has developed a platform to share video-content around topics of interest. It allows users to create, edit, share short 60-second video clips and also has a chat functionality for enabling them to interact with other members of the platform. Once a user uploads a video, the app employs machine-learning algorithms to connect users with others sharing similar content on the platform. It majorly focuses on the non-English speaking audience and the application is available in multiple vernacular languages including Hindi, Gujarati, Marathi, Bengali, Tamil, Telugu, Kannada, Urdu, Malayalam, and Punjabi. As of January 2018, it is compatible with only Android devices.
- Website
- Social
- Email ID
- @clipapp.in
Key Metrics
Founded Year
2016
Location
Bengaluru, India
Stage
Acquired
Total Funding
in 3 rounds
Latest Funding Round
Last Known Valuation
as on Oct 09, 2018
Investors
Ranked
15th among
Annual Revenue
as on Mar 31, 2024
Employee Count
as on Jun 30, 2019
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by ShareChat (Mar 02, 2019)
Legal entities associated with Clipapp
Clipapp is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Aug 11, 2016 | $31.2K (as on Mar 31, 2024) | 11 (as on Jun 30, 2019) |
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Clipapp's acquisition details
Clipapp got acquired by ShareChat on Mar 02, 2019.
Click to take a look at Clipapp's acquisition in detail
Clipapp's funding and investors
Clipapp has raised a total funding of $10.1M over 3 rounds. Its first funding round was on Feb 10, 2017. Its latest funding round was a Series A round on Oct 09, 2018 for $3.03M. 3 investors participated in its latest round, lead by Shunwei Capital.
Clipapp has 3 institutional investors including Shunwei Capital, Z47 and India Quotient. Z47 is the largest institutional investor in Clipapp.
Here is the list of recent funding rounds of Clipapp:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Oct 09, 2018 | $3.03M | Series A | 1899744 | 2709921 | |
Dec 13, 2017 | $6M | Series A | 7126141 | 4804365 | Z47, Shunwei Capital, and |
Feb 10, 2017 | $1.03M | Seed | 3065748 | 1784539 |
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Clipapp's founders and board of directors
The founders of Clipapp are and Ashish Gupta.
Here are the details of Clipapp's key team members:
- : Co-Founder & CTO of Clipapp and founder of . They serve on the boards of .Contact Info:
- Ashish Gupta: Co-Founder of Clipapp and founder of 1 other company. They serve on the board of 1 company.
Clipapp's Board of Directors
Clipapp's board has 1 active member. is part of team.Here is the list of Clipapp's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 6m | |
hhc{cob | Team | - | Past | 4y 6m |
View details of
Clipapp's employee count trend
Clipapp has 11 employees as of Jun 19. The total employee count is 66.0% lower than what it was in Jun 18. Here is Clipapp's employee count trend over the years:
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Clipapp's Competitors and alternates
Top competitors of Clipapp include Instagram, ShareChat and MIXI. Here is the list of Top 10 competitors of Clipapp, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st | Instagram 2010, San Francisco (United States), Acquired | Social platform for photo and video sharing | $57M | 73/100 | |
2nd | App-based social network platform for sharing media content | $1.23B | HarbourVest Partners, EDBI听&补尘辫;听 | 71/100 | |
3rd | Developer of mobile games and social platforms | - | 62/100 | ||
4th | Imgur 2009, San Francisco (United States), Acquired | Online viral image hosting and sharing service | $60.1M | Saints Capital, a16z听&补尘辫;听 | 58/100 |
5th | Image and video sharing social platform | $3.92M | First Round Capital, Greycroft听&补尘辫;听 | 58/100 | |
6th | Cheezburger 2007, Seattle (United States), Acquired | Humor content sharing web/mobile portal | $48.1M | Avalon Ventures, SoftBank Capital听&补尘辫;听 | 58/100 |
7th | Path 2010, San Francisco (United States), Acqui-Hired | App-based platform for photo sharing | $68M | Kleiner Perkins, Allen & Company听&补尘辫;听 | 46/100 |
8th | Steller 2014, New York City (United States), Series B | Online community for interest based storybooks | $42M | 44/100 | |
9th |  Cyworld 1999, Seoul (South Korea), Series A | Provider of social platform for meeting new people | $5.4M | 44/100 | |
10th | Provider of a video-sharing platform catering to regional language | $9M | Sequoia Capital, Xiaomi听&补尘辫;听 | 43/100 | |
15th | 2016, Bengaluru (India), Acquired | Mobile-based social platform in regional languages | $10.1M | Shunwei Capital, Z47听&补尘辫;听 | 41/100 |
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Clipapp's Latest cap tables and shareholding
Founders own 40.27%, Funds (largest shareholder) own 54.29% and ESOP Pool own 5.44%. The net worth of Clipapp's founders is INR 106Cr as of Oct 09, 2018.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 40.27% | 106Cr | 8038253 | 7257301 | 4815588 | 5693705 |
1688671 | 2316348 | 4280902 | 7750431 | 3779602 | 7042443 | |
1811422 | 1308450 | 3814329 | 8824922 | 5605364 | 4286478 | |
Fund | 54.29% | 143Cr | 7342263 | 3952990 | 8025942 | 7195575 |
4621680 | 9992155 | 4120538 | 2965648 | 1152897 | 4780749 | |
9121248 | 8992658 | 2244082 | 5103865 | 8678937 | 9494787 | |
0 | 0 | 0 | 0 | 0 | 0 | |
ESOP Pool | 5.44% | 14.4Cr | 52082 | 60943 | 91425 | 60200 |
Total | 100.00% | 264Cr | 9051345 | 9109445 | 6952882 | 8593960 |
To unlock detailed Cap Table of Clipapp Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Clipapp's Shareholding
Clipapp's Investments and acquisitions
Clipapp has acquired Clorik. Clipapp has not made any investments as of now.
Reports related to Clipapp
Here is the latest report on Clipapp's sector:
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News related to Clipapp
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