About BIGO
BIGO is a company based in Singapore (Singapore) founded in 2014 was acquired by YY in March 2019.. BIGO has raised $272 million across 2 funding rounds from investors including YY, Ping An Ventures and Bertelsmann Asia Investments. The company has 2 employees as of April 09, 2024. BIGO operates in a competitive market with competitors including Kuaishou Technology, YouTube, Dailymotion, Triller and VerSe, among others.
- Headquarter Singapore, Singapore
- Employees 2 as on 09 Apr, 2024
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bigo Service India Private Limited
- Date of Incorporation 11 Jan, 2018
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$16.48 M (USD)-55.51as on Mar 31, 2021
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Net Profit
$-1.11 M (USD)39.51as on Mar 31, 2021
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EBITDA
$-731.83 K (USD)62.55as on Mar 31, 2021
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Total Equity Funding
$272 M (USD)
in 2 rounds
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Latest Funding Round
$272 M (USD), Series D
Jun 05, 2018
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Investors
YY
& 4 more
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Employee Count
2
as on Apr 09, 2024
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Acquired by
YY
(Mar 05, 2019)
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Funding Insights of BIGO
BIGO has successfully raised a total of $272M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $272 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series D — $272.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series D - BIGO | Valuation | YY | |
| Mar, 2017 | Amount | Series C - BIGO | Valuation | Ping An Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BIGO
BIGO has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include YY, Ping An Ventures and Bertelsmann Asia Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate-backed venture capital firm focused on retail tech, mobile tech, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm backed by Bertelsmann
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Founded Year | Domain | Location | |
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A venture capital firm focused on technology and innovation investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BIGO
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BIGO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bigo Comparisons
Competitors of BIGO
BIGO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kuaishou Technology, YouTube, Dailymotion, Triller and VerSe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Social platform for sharing short videos
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| domain | founded_year | HQ Location |
User-generated videos and content are shared and streamed online.
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| domain | founded_year | HQ Location |
Web and mobile video sharing and streaming platform
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| domain | founded_year | HQ Location |
Music videos are created and shared through a mobile platform.
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| domain | founded_year | HQ Location |
Developer of a short-video platform and technology infrastructure
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| domain | founded_year | HQ Location |
Short videos are shared via a mobile social networking platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bigo
Frequently Asked Questions about BIGO
When was BIGO founded?
BIGO was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is BIGO located?
BIGO is headquartered in Singapore, Singapore.
Is BIGO a funded company?
BIGO is a funded company, having raised a total of $272M across 2 funding rounds to date.
How many employees does BIGO have?
As of Apr 09, 2024, the latest employee count at BIGO is 2.
What is the annual revenue of BIGO?
Annual revenue of BIGO is $16.48M as on Mar 31, 2021.
What does BIGO do?
BIGO was founded in 2014 in Singapore and operates within the digital media sector. Live broadcasting, short video sharing, and gaming streaming services are offered through its platforms. Key products include Bigo Live for user-generated video and audio content, Cube TV focused on mobile gaming streams, and Like for video editing and sharing. Operations are centered in Singapore with global user reach.
Who are the top competitors of BIGO?
BIGO's top competitors include Kuaishou Technology, YouTube and Dailymotion.
Who are BIGO's investors?
BIGO has 5 investors. Key investors include YY, Ping An Ventures, Bertelsmann Asia Investments, David Xueling Li, and 5Y Capital.
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