About CanvasFlip
CanvasFlip is a Technology company based in Bengaluru (India) founded in 2014, and was acquired by Freshworks in September 2019. Saas platform to create HTML5 animated web content, banners, advertisements, and app prototypes. CanvasFlip has raised $1.2 million across 1 funding round from investors including Freshworks and Bessemer Venture Partners. Its Indian entity Canvasflip Solutions Private Limited reported revenue of ₹12 Lakh. The company was acqui-hired. Its focus areas include Enterprise Applications, Product Management Tools, Product Development and Prototyping.
Company details
CanvasFlip is a cloud based platform that allows non-programmers and designers to create animated HTML web content and design digital advertisements without the need of programming skills. It provides tools along with a dashboard to create and manage animations, select the canvas, add and customize various elements and export the entire animation in HTML or even embed it. Offers a 30-day free trial post which monthlyannual subscriptions are available. Clients include paytm, redbus, magicbricks.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTechnology
- Website canvasflip.com
- Social LinkedIn Facebook
- Acquired by Freshworks (Sep 2019)
- Legal Name Canvasflip Solutions Private Limited
- Date of Incorporation 05 Jun, 2015
- Jurisdiction Lucknow, Uttar Pradesh, India
- Annual Revenue₹12 Lakh
FY 2021 · -67% YoY
- Net Loss-₹32.4 Lakh
FY 2021 · -270% margin
- EBITDA₹9 Lakh
FY 2021 · 75% margin
- Total Equity Funding$1.2M (USD)
in 1 rounds
- Latest Funding Round$1.2M (USD), Seed
Sep 2015
- InvestorsFreshworks
& 1 more
- Acquired byFreshworks
(Sep 2019)
Associated legal entities of CanvasFlip
CanvasFlip operates through Canvasflip Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Canvasflip Solutions Private Limited CIN U72300UP2015PTC071182 | Active | 05 Jun 2015 | Lucknow, Uttar Pradesh | ₹0.1 Cr | 2 | View details |
Funding Insights of CanvasFlip
CanvasFlip has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in September 2015. 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 $1.2M
- Total Rounds 1
- Last Round Seed — $1.2M
- First Round $1.2M
(Sep 2015)
- Investors Count 1
All 1 funding rounds of CanvasFlip with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2015 | $1.2M | Seed | – | Bessemer Venture Partners | – |
2 investors in total: 2 institutional.
Investors in CanvasFlip
CanvasFlip has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Freshworks and Bessemer Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Cloud-based business process management suite solutions are delivered. | 2010 | freshworks.com | San Mateo, United States |
Investor details for CanvasFlip
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Canvasflip Solutions Private Limited (CanvasFlip)
Canvasflip Solutions Private Limited is the primary company behind CanvasFlip. The board of Canvasflip Solutions Private Limited currently have 2 directors; the longest-serving is Manish Jha, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manish Jha DIN 07025700 | Director | 05 Jun 2015 | 11 yrs 5 mo | Canvasflip Solutions Private Limited |
| Vipul Mishra DIN 07025706 | Director | 05 Jun 2015 | 11 yrs 5 mo | Canvasflip Solutions Private Limited |
Financials of CanvasFlip
Figures of Canvasflip Solutions Private Limited, the primary company behind CanvasFlip, for FY 2021. Revenue was ₹12 Lakh (-67% year on year). Net loss was -₹32.4 Lakh (-270% margin). EBITDA was ₹9 Lakh (75% margin). Revenue has grown at a compounded annual rate of -3% over three years and +11% over five years.
- ₹12 LakhRevenue · FY 2021 · -67% YoY
- -₹32.4 LakhNet loss · -270% margin
- ₹9 LakhEBITDA · 75% margin
- ₹5.5 LakhPaid-up capital
- -3%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Canvasflip Solutions Private Limited are on its company page.
Detailed financial statements for CanvasFlip
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of CanvasFlip
3 dated milestones of CanvasFlip across 5 years, from founding to its latest funding, stage changes and deals.
- Founded CanvasFlip is founded.
- Funding First funding round of $1.2M.
- Exit Acquired by Freshworks.
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Frequently Asked Questions about CanvasFlip
CanvasFlip was founded in 2014 and raised its 1st funding round 1 year after it was founded.
CanvasFlip is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
CanvasFlip is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Sep 2015.
The primary company behind CanvasFlip, Canvasflip Solutions Private Limited, reported revenue of ₹12 Lakh for FY 2021, down 67% year on year.
CanvasFlip is a cloud based platform that allows non-programmers and designers to create animated HTML web content and design digital advertisements without the need of programming skills. It provides tools along with a dashboard to create and manage animations, select the canvas, add and customize various elements and export the entire animation in HTML or even embed it. Offers a 30-day free trial post which monthlyannual subscriptions are available. Clients include paytm, redbus, magicbricks.
CanvasFlip has 2 investors. Key investors include Freshworks, and Bessemer Venture Partners.
CanvasFlip operates through Canvasflip Solutions Private Limited.
Yes. CanvasFlip was acquired by Freshworks in September 2019.
The legal entities of CanvasFlip currently have 2 directors, including Manish Jha, Vipul Mishra.