Bitsmedia

Singapore, Singapore Founded: 2011 • Age: 15 yrs Acquired By CMIA Capital Partners
Mobile application development services are provided by Bitsmedia.

About Bitsmedia

Bitsmedia is a Technology company based in Singapore (Singapore) founded in 2011, and was acquired by CMIA Capital Partners in August 2017. Mobile application development services are provided by Bitsmedia. Bitsmedia has raised $20 million across 2 funding rounds from investors including Affin Hwang, Gobi Partners and CMIA Capital Partners. Bitsmedia offers products and services including Muslim Pro and Qalbox. Its focus areas include Business Services, IT Services, Application Development and Mobile App Development. Its legal entity is BITSMEDIA PTE. LTD.

Company details

Bitsmedia was established in 2011 and is based in Singapore. Mobile application development forms the core of its operations within the technology sector. Services encompass app design, coding, and deployment for various platforms. The company maintains its headquarters in Singapore, serving clients across the region and beyond through its domain, bitsmedia.com. Focus remains on delivering functional software solutions for mobile environments.

Operational Areas
Key Metrics
  • Annual Revenue
    $8.81 M (USD)
    -14
    as on Dec 31, 2022
  • Net Profit
    -$5.87 M (USD)
    -773
    as on Dec 31, 2022
  • EBITDA
    -$5.99 M (USD)
    -702
    as on Dec 31, 2022
  • Total Equity Funding
    $20M (USD)

    in 2 rounds

  • Latest Funding Round
    $20M (USD), Series A

    Dec 2023

  • Investors
  • Acquired by

Products & Services of Bitsmedia

Bitsmedia offers a comprehensive portfolio of products and services, including Muslim Pro and Qalbox.

Muslim Pro
Lifestyle App

Provides tools for prayer times, Quran access, and Muslim content.

Qalbox
Streaming Service

Offers subscription-based Muslim entertainment and educational videos.

Funding Insights of Bitsmedia

Bitsmedia has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in December 2023. 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 $20M
  • Total Rounds 2
  • Last Round Series A β€” $20M
  • Investors Count 4

All 2 funding rounds of Bitsmedia with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2023$20MSeries A–Gobi Partners, CMIA Capital Partners
–
Dec 2022Seed–Bintang Capital Partners, BCP Asia
–
Valuation history

5 investors in total: 5 institutional.

Investors in Bitsmedia

Bitsmedia has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Affin Hwang, Gobi Partners and CMIA Capital Partners.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Venture capital firm investing in early-stage tech startups
gobi.vcKuala Lumpur, Malaysia
A licensed investment firm based in Singapore is operated.
cmia.comSingapore, Singapore
bintangcapitalpartners.com
bcpasia.com
Investment banking services are focused on mid and large-cap markets.
2014affinhwang.comKuala Lumpur, Malaysia
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Investor details for Bitsmedia

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People of Bitsmedia

26 people are tracked at Bitsmedia (6 in leadership, 5 in board & advisors, 15 in team).

NameRoleGroup
Ahmadul Hoq
Head Of Engineering & ProductLeadership
Nafees Khundker
Group MD & CEOLeadership
Junaidah Bte Said Khan
Head of QalboxLeadership
Pablo David Cantu
Head of ProductLeadership
Muhammad Sakeef
Head Of Product EngineeringLeadership
Priyath Gregory
Head Of Platform EngineeringLeadership
Erwan Mace
Founder & Non Executive ChairmanBoard & advisors
Muddassar Ahmed
AdvisorBoard & advisors
Maruf Majed
Senior Business AdvisorBoard & advisors
Shezad Rokerya
ChairmanBoard & advisors
Jemilah Mahmood
AdvisorBoard & advisors
Atikah Daman
Graphic DesignerTeam
Dimuthu Wickramanayake
Full Stack EngineerTeam
Riajur Rahman
Lead Software Engineer (ios)Team
Zendouh Adel
Software EngineerTeam
Ponni Chandran
Lead Software EngineerTeam
Amjad Albnny
Senior Software Engineer - AndroidTeam
Farooq Ahmad
Senior Software Engineer - AndroidTeam
Shovon Karmaker
Software Engineer IosTeam
Tushar Lama
Senior Software Engineer, iOSTeam

6 more people are available in the full profile.

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Timeline of Bitsmedia

4 dated milestones of Bitsmedia across 12 years, from founding to its latest funding, stage changes and deals.

  1. Founded Bitsmedia is founded.
  2. Exit Acquired by CMIA Capital Partners.
  3. Funding First funding round.
  4. Funding Latest funding round, Series A, of $20.0M.

Web traffic of Bitsmedia

The website of Bitsmedia (bitsmedia.com) receives about 2.2K visits a month.

  • Monthly visits
    2.2K

    ▼ 35.5% vs previous month

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Frequently Asked Questions about Bitsmedia

Bitsmedia was founded in 2011 and raised its 1st funding round 11 years after it was founded.

Bitsmedia is headquartered in Singapore, Singapore.

Bitsmedia is a funded company, having raised a total of $20M across 2 funding rounds to date.

Annual revenue of Bitsmedia is $8.81M as on Dec 31, 2022.

Bitsmedia was established in 2011 and is based in Singapore. Mobile application development forms the core of its operations within the technology sector. Services encompass app design, coding, and deployment for various platforms. The company maintains its headquarters in Singapore, serving clients across the region and beyond through its domain, bitsmedia.com. Focus remains on delivering functional software solutions for mobile environments.

Bitsmedia offers Muslim Pro and Qalbox.

Bitsmedia has 5 investors. Key investors include Affin Hwang, Gobi Partners, CMIA Capital Partners, Bintang Capital Partners, and BCP Asia.

Bitsmedia operates through Bitsmedia Pte. Ltd..

Yes. Bitsmedia was acquired by CMIA Capital Partners in August 2017.

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