About Bitsmedia
Bitsmedia is a company based in Singapore (Singapore) founded in 2011 was acquired by CMIA Capital Partners in August 2017.. 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. Bitsmedia operates in a competitive market with competitors including Loyal, Appfire, Sango Technologies, App.net and Airspeed, among others.
- Headquarter Singapore, Singapore
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bitsmedia Pte. Ltd.
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Annual Revenue
$8.81 M (USD)-14as on Dec 31, 2022
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Net Profit
$-5.87 M (USD)-773as on Dec 31, 2022
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EBITDA
$-5.99 M (USD)-702as on Dec 31, 2022
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Total Equity Funding
$20 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series A
Dec 07, 2023
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Investors
Affin Hwang
& 4 more
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Employee Count
Employee Count
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Acquired by
CMIA Capital Partners
(Aug 01, 2017)
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Products & Services of Bitsmedia
Bitsmedia offers a comprehensive portfolio of products and services, including Muslim Pro and Qalbox. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides tools for prayer times, Quran access, and Muslim content.
Offers subscription-based Muslim entertainment and educational videos.
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $20.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - Bitsmedia | Valuation | Gobi Partners , CMIA Capital Partners |
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| Dec, 2022 | Amount | Seed - Bitsmedia | Valuation | Bintang Capital Partners , BCP Asia |
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| 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 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. 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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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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A licensed investment firm based in Singapore is operated.
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Founded Year | Domain | Location | |
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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 Bitsmedia
| 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 - Bitsmedia
| 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 |
Bitsmedia Comparisons
Competitors of Bitsmedia
Bitsmedia 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 Loyal, Appfire, Sango Technologies, App.net and Airspeed, 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 |
Mobile application development, data management, and advertising services are provided.
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| domain | founded_year | HQ Location |
Mobile app development services are offered by Appfire.
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| domain | founded_year | HQ Location |
Application development services are provided to support business applications.
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| domain | founded_year | HQ Location |
App.net is engaged in providing software and digital solutions.
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| domain | founded_year | HQ Location |
Limited information available
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| domain | founded_year | HQ Location |
Mobile application design and development services are offered.
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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 Bitsmedia
Frequently Asked Questions about Bitsmedia
When was Bitsmedia founded?
Bitsmedia was founded in 2011 and raised its 1st funding round 11 years after it was founded.
Where is Bitsmedia located?
Bitsmedia is headquartered in Singapore, Singapore.
Is Bitsmedia a funded company?
Bitsmedia is a funded company, having raised a total of $20M across 2 funding rounds to date.
What is the annual revenue of Bitsmedia?
Annual revenue of Bitsmedia is $8.81M as on Dec 31, 2022.
What does Bitsmedia do?
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.
Who are the top competitors of Bitsmedia?
Bitsmedia's top competitors include Loyal, Mega Fortuna and Appfire.
What products or services does Bitsmedia offer?
Bitsmedia offers Muslim Pro and Qalbox.
Who are Bitsmedia's investors?
Bitsmedia has 5 investors. Key investors include Affin Hwang, Gobi Partners, CMIA Capital Partners, Bintang Capital Partners, and BCP Asia.