About Clipapp
Clipapp is a Media & Entertainment company based in Bengaluru (India) founded in 2016, and was acquired by ShareChat in March 2019. Mobile-based social platform in regional languages. Clipapp has raised $10.06 million across 3 funding rounds from investors including ShareChat, India Quotient and Shunwei Capital. The company has 14 employees. Clipapp has completed 1 acquisition, including Clorik. Clipapp was last valued at $35.38 million in October 2018. Its Indian entity Transversal Tech Private Limited reported revenue of ₹16.8 Lakh. Its focus areas include Consumer, Vernacular Platforms, Social Media Platforms and Communities. Its competitors include ShareChat and Samosa; 2 of its 2 listed competitors have raised funding.
Company details
ClipApp is a Bengaluru-based startup that has developed a platform to share video-content around topics of interest. It allows users to create, edit, share short 60-second video clips and also has a chat functionality for enabling them to interact with other members of the platform. Once a user uploads a video, the app employs machine-learning algorithms to connect users with others sharing similar content on the platform. It majorly focuses on the non-English speaking audience and the application is available in multiple vernacular languages including Hindi, Gujarati, Marathi, Bengali, Tamil, Telugu, Kannada, Urdu, Malayalam, and Punjabi. As of January 2018, it is compatible with only Android devices.
- Headquarters Bengaluru, India
- Employees 14
- Stage Acquired
- SectorsMedia & Entertainment
- Email••••••••
- Website clipapp.in
- Social LinkedIn Facebook
- Acquired by ShareChat (Mar 2019)
- Legal Name Transversal Tech Private Limited
- Date of Incorporation 08 Dec, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹16.8 Lakh
FY 2022 · -56% YoY
- Net Loss-₹2.18 Cr
FY 2022 · -1294% margin
- EBITDA-₹1.1 Lakh
FY 2022 · -6% margin
- Total Equity Funding$10.06M (USD)
in 3 rounds
- Latest Funding Round$3.03M (USD), Series A
Oct 2018
- InvestorsShareChat
& 3 more
- Employee Count14
- Investments & Acquisitions
- Acquired byShareChat
(Mar 2019)
Associated legal entities of Clipapp
Clipapp operates through Transversal Tech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Transversal Tech Private Limited CIN U74999KA2016PTC098364 | Active | 08 Dec 2016 | Bangalore, Karnataka | ₹0.2 Cr | 14 | 2 | View details |
Funding Insights of Clipapp
Clipapp has successfully raised a total of $10.06M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.03 million completed in October 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 $10.06M
- Total Rounds 3
- Last Round Series A — $3.03M
- First Round $1.03M
(Feb 2017)
- Investors Count 3
All 3 funding rounds of Clipapp 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 |
|---|---|---|---|---|---|
| Oct 2018 | $3.03M | Series A | $35.38M | Shunwei Capital | |
| Dec 2017 | $6M | Series A | $17.87M | Z47 | |
| Feb 2017 | $1.03M | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2018 | $35.38M | •••••••• |
| Dec 2017 | $17.87M | •••••••• |
| Feb 2017 | $••••• | •••••••• |
Full valuation and stage history of Clipapp
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $35.38M (Oct 2018). 4 investors in total: 4 institutional.
Investors in Clipapp
Clipapp has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include ShareChat, India Quotient and Shunwei Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors | shunwei.com | Beijing, China | ||
Investment in Indian startups across technology and fintech sectors. | 2012 | indiaquotient.in | Mumbai, India | |
Venture capital investment firm | z47.com | Bengaluru, India | ||
Media content is shared on an app-based social network platform. | 2015 | sharechat.com | Bengaluru, India |
Investor details for Clipapp
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Board of directors of Transversal Tech Private Limited (Clipapp)
Transversal Tech Private Limited is the primary company behind Clipapp. The board of Transversal Tech Private Limited currently have 2 directors; the longest-serving is Nav Sarvesh, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nav Sarvesh DIN 06969610 | Director | 08 Dec 2016 | 9 yrs 11 mo | Transversal Tech Private Limited |
| Swapnil Upadhyay DIN 07664366 | Director | 08 Dec 2016 | 9 yrs 11 mo | Transversal Tech Private Limited |
Financials of Clipapp
Figures of Transversal Tech Private Limited, the primary company behind Clipapp, for FY 2022. Revenue was ₹16.8 Lakh (-56% year on year). Net loss was -₹2.18 Cr (-1294% margin). EBITDA was -₹1.1 Lakh (-6% margin). Revenue has grown at a compounded annual rate of -73% over three years.
- ₹16.8 LakhRevenue · FY 2022 · -56% YoY
- -₹2.18 CrNet loss · -1294% margin
- -₹1.1 LakhEBITDA · -6% margin
- ₹66,300Paid-up capital
- 14Employees (provident fund records)
- -73%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Transversal Tech Private Limited are on its company page.
Detailed financial statements for Clipapp
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Investments & Acquisitions by Clipapp
Clipapp has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Clorik.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
An interest-based community platform is developed for user engagement. | clorik.com | Bengaluru, India | 2015 | Aug 2018 | •••• |
Complete acquisition details for Clipapp
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Clipapp
6 dated milestones of Clipapp across 3 years, from founding to its latest funding, stage changes and deals.
Competitors of Clipapp
Clipapp has 2 listed competitors in our database, 2 of them funded. They include ShareChat and Samosa.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sharechat.com | 2015 | Bengaluru, India | $1.2B | 589 | Media content is shared on an app-based social network platform. | |
| samosaapp.com | 2015 | Hyderabad, India | $8.75M | 571 | A video-sharing platform for regional language content is provided. |
Detailed competitors of Clipapp
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Top companies in Vernacular Platforms
3 companies that operate in the same segment as Clipapp (Vernacular Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform connecting readers and writers, offering digital literature in multiple languages | 2014 | Bengaluru, Karnataka, India | USD 92.65 M | USD 6.84 M | 162 | |
Customizable smart lock screen experiences are developed for mobile devices. | 2019 | Bengaluru, Karnataka, India | USD 390 M | USD 73.11 M | 493 | |
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K |
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Related news about Clipapp
Complete news archive for Clipapp
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Frequently Asked Questions about Clipapp
Clipapp was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Clipapp is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Clipapp is a funded company, having raised a total of $10.06M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.03M, raised on Feb 2017.
Clipapp has 14 employees.
The primary company behind Clipapp, Transversal Tech Private Limited, reported revenue of ₹16.8 Lakh for FY 2022, down 56% year on year.
ClipApp is a Bengaluru-based startup that has developed a platform to share video-content around topics of interest. It allows users to create, edit, share short 60-second video clips and also has a chat functionality for enabling them to interact with other members of the platform. Once a user uploads a video, the app employs machine-learning algorithms to connect users with others sharing similar content on the platform. It majorly focuses on the non-English speaking audience and the application is available in multiple vernacular languages including Hindi, Gujarati, Marathi, Bengali, Tamil, Telugu, Kannada, Urdu, Malayalam, and Punjabi. As of January 2018, it is compatible with only Android devices.
Clipapp has made 1 acquisition, including Clorik.
Clipapp has 4 investors. Key investors include ShareChat, India Quotient, Shunwei Capital, and Z47.
The valuation of Clipapp is $35.38M as of Oct 2018.
Clipapp operates through Transversal Tech Private Limited.
Yes. Clipapp was acquired by ShareChat in March 2019.