About Clorik
Clorik is a Media & Entertainment company based in Bengaluru (India) founded in 2015, and was acquired by Clipapp in August 2018. An interest-based community platform is developed for user engagement. The company has 14 employees. Its Indian entity Transversal Tech Private Limited reported revenue of ₹16.8 Lakh. Its focus areas include Consumer, Social Platforms, Horizontal and Discussion Forums.
Company details
Clorik was founded in 2015 in Bengaluru, India, as a technology platform in the social media sector. Communities based on user interests are facilitated through mobile and web interfaces compatible with Android and iOS devices. Content sharing in photos, videos, and text is supported, alongside features for following users, creating communities, liking and sharing posts, and participating in discussions. Posts are available in English and Hindi languages.
- Headquarters Bengaluru, India
- Employees 14
- Stage Acquired
- SectorsMedia & Entertainment
- Email••••••••
- Website clorik.com
- Social X Facebook
- Acquired by Clipapp (Aug 2018)
- 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
- InvestorsAxilor Ventures
& 1 more
- Employee Count14
- Acquired byClipapp
(Aug 2018)
Associated legal entities of Clorik
Clorik 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 Clorik
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Clorik 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 2017 | Seed | – | Axilor Ventures | – |
2 investors in total: 2 institutional.
Investors in Clorik
Clorik has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Axilor Ventures and Clipapp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India | |
Mobile-based social platform in regional languages | 2016 | clipapp.in | Bengaluru, India |
Investor details for Clorik
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Transversal Tech Private Limited (Clorik)
Transversal Tech Private Limited is the primary company behind Clorik. 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 Clorik
Figures of Transversal Tech Private Limited, the primary company behind Clorik, 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 Clorik
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Clorik
3 dated milestones of Clorik across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Clorik is founded.
- Funding First funding round.
- Exit Acquired by Clipapp.
Top companies in Vernacular Platforms
3 companies that operate in the same segment as Clorik (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 Clorik
Complete news archive for Clorik
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Frequently Asked Questions about Clorik
Clorik was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Clorik is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Clorik has 14 employees.
The primary company behind Clorik, Transversal Tech Private Limited, reported revenue of ₹16.8 Lakh for FY 2022, down 56% year on year.
Clorik was founded in 2015 in Bengaluru, India, as a technology platform in the social media sector. Communities based on user interests are facilitated through mobile and web interfaces compatible with Android and iOS devices. Content sharing in photos, videos, and text is supported, alongside features for following users, creating communities, liking and sharing posts, and participating in discussions. Posts are available in English and Hindi languages.
Clorik has 2 investors. Key investors include Axilor Ventures, and Clipapp.
Clorik operates through Transversal Tech Private Limited.
Yes. Clorik was acquired by Clipapp in August 2018.
The legal entities of Clorik currently have 2 directors, including Nav Sarvesh, Swapnil Upadhyay.