About ByteDance
ByteDance is a company based in Beijing (China) founded in 2012 by Rubo Liang and Zhang Yiming.. ByteDance has raised $6.11 billion across 10 funding rounds from investors including Citi, Goldman Sachs and Barclays. ByteDance has completed 19 acquisitions, including Amcare, Baike and Beijing Baike Kangxun Technology. ByteDance operates in a competitive market with competitors including Bending Spoons, OnMobile, STRACT, A23 Labs and Tubazy, among others.
- Headquarter Beijing, China
- Founders Rubo Liang, Zhang Yiming
- Stage Decacorn
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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
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- Legal Name Bytedance (India) Technology Private Limited
- Date of Incorporation 17 Oct, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$21.99 M (USD)-30.66as on Mar 31, 2024
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Net Profit
$310.75 K (USD)-69.18as on Mar 31, 2024
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EBITDA
$4.14 M (USD)-43.74as on Mar 31, 2024
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Total Equity Funding
$6.11 B (USD)
in 10 rounds
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Latest Funding Round
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Investors
Citi
& 20 more
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Employee Count
Employee Count
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Investments & Acquisitions
Amcare
& 18 more
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Research Team
18 people
Finance and Accounting
18 people
Software Development Team
17 people
Sales and Marketing
15 people
Leadership Team
13 people
Product Management Team
10 people
Head Team
7 people
Legal and Compliance
7 people
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Funding Insights of ByteDance
ByteDance has successfully raised a total of $6.11B across 10 strategic funding rounds. 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 10
- Last Round Last Round
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First Round
First Round
(01 Apr 2012)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series E - ByteDance | Valuation | G42 |
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| Nov, 2019 | Amount | Series E - ByteDance | Valuation | KKR | |
| Apr, 2019 | Amount | Debt – Conventional - ByteDance | Valuation |
investors |
| 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 ByteDance
ByteDance has secured backing from 21 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, Goldman Sachs and Barclays. 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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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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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 ByteDance
ByteDance has strategically engaged in corporate development activities, having acquired 19 companies. Notable acquisitions include Amcare, Baike and Beijing Baike Kangxun Technology. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Wireless earphones are provided online by Oladance.
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2022 | ||||
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No-code platform for enterprise application development is provided.
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2019 | ||||
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Photos are edited online using AI-powered functions and tools.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ByteDance
| 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 |
Bytedance Comparisons
Competitors of ByteDance
ByteDance 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 Bending Spoons, OnMobile, STRACT, A23 Labs and Tubazy, 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 applications and AI technologies are developed and operated.
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| domain | founded_year | HQ Location |
Mobile content services, including music, are provided across APAC.
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| domain | founded_year | HQ Location |
Provider of web and mobile app development services to business enterprises
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| domain | founded_year | HQ Location |
Digital solutions provider
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| domain | founded_year | HQ Location |
Develops innovative technologies for multi-category mobile applications.
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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 Bytedance
Frequently Asked Questions about ByteDance
When was ByteDance founded?
ByteDance was founded in 2012.
Where is ByteDance located?
ByteDance is headquartered in Beijing, China.
Who is the current CEO of ByteDance?
Rubo Liang is the current CEO of ByteDance. They have also founded this company.
Is ByteDance a funded company?
ByteDance is a funded company, having raised a total of $6.11B across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.34B, raised on Apr 01, 2012.
What is the annual revenue of ByteDance?
Annual revenue of ByteDance is $21.99M as on Mar 31, 2024.
What does ByteDance do?
ByteDance was founded in 2012 in Beijing, China, within the technology sector focused on social media and content. Platforms enabling users to create, share, and discover short-form videos are operated globally. Content discovery systems are provided, alongside video editing tools and enterprise solutions for various applications. Operations emphasize digital content distribution and user engagement across international markets.
Who are the top competitors of ByteDance?
ByteDance's top competitors include Bending Spoons, OnMobile and STRACT.
How many acquisitions has ByteDance made?
ByteDance has made 19 acquisitions, including Amcare, Baike, and Beijing Baike Kangxun Technology.
Who are ByteDance's investors?
ByteDance has 21 investors. Key investors include Citi, Goldman Sachs, Barclays, HSBC, and UBS.
What is ByteDance's valuation?
The valuation of ByteDance is $220B as of Mar 2023.
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