About FloChat
FloChat is a Telecommunications company based in Mumbai (India) founded in 2015 by Yuvraj Bhalla and Prateek Lal. AI-based messaging app facilitates chatting, discovery, and transactions across services. FloChat has raised $1.13 million across 3 funding rounds from investors including Ashwini Jain, Animesh Raizada and Ashwini Jain. The company has 15 employees. FloChat was last valued at $10.94 million in August 2017. Its Indian entity Yagerbomb Media Private Limited reported revenue of ₹3.4 Lakh. Its focus areas include Consumer, Communication Apps, Messaging and Generic.
Company details
Flo, previously Ouwtapp, is a mobile chat messenger app that allows users to chat, discover and transact across several services through a single platform, directly from the Chat window. Users can also express themselves through delete-able messages and special EmoGIFs. The app can be used for booking taxis and movie tickets, ordering food, restaurant reservations, finding discount coupons, sharing YouTube videos and much more. The app has partnered with 30 brands and user base of 400k users as of Oct17. The company had raised seed funding of 150k USD in 2015 and has raised additional undisclosed funding in Sep 2016. Planning to aggressively build AI and other technologies.
- Headquarters Mumbai, India
- Employees 15
- Founders Yuvraj Bhalla, Prateek Lal
- Stage Minicorn
- SectorsTelecommunications
- Email••••••••
- Website flochat.in
- Social LinkedIn X Facebook
- Legal Name Yagerbomb Media Private Limited
- Date of Incorporation 20 Apr, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.4 Lakh
FY 2020 · -94% YoY
- Net Loss-₹8.7 Lakh
FY 2020 · -259% margin
- EBITDA-₹8.1 Lakh
FY 2020 · -241% margin
- Total Equity Funding$1.13M (USD)
in 3 rounds
- Latest Funding Round$118.25K (USD), Angel Round
Feb 2018
- InvestorsAsset Alliance
& 11 more
- Employee Count15
Associated legal entities of FloChat
FloChat operates through Yagerbomb Media Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Yagerbomb Media Private Limited CIN U22212MH2015PTC263630 | Active | 20 Apr 2015 | Mumbai, Maharashtra | ₹0.0 Cr | 15 | 3 | View details |
Funding Insights of FloChat
FloChat has successfully raised a total of $1.13M across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $118.25 thousand completed in February 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 $1.13M
- Total Rounds 3
- Last Round Angel Round — $118,247
- First Round $580,950
(Nov 2015)
- Investors Count 12
All 3 funding rounds of FloChat 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 |
|---|---|---|---|---|---|
| Feb 2018 | $118,247 | Angel Round | – | Ashwini Jain | – |
| Aug 2017 | $430,930 | Seed | $10.94M | – | |
| Nov 2015 | $580,950 | Seed | $3.46M | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2017 | $10.94M | •••••••• |
| Nov 2015 | $3.46M | •••••••• |
Last known valuation $10.94M (Aug 2017). 12 investors in total: 1 institutional and 11 angel.
Investors in FloChat
FloChat has secured backing from 12 investors, including angel and institutional investors. Prominent investors backing the company include Ashwini Jain, Animesh Raizada and Ashwini Jain.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified assets are managed across multiple investment sectors. | assetalliance.in | Mumbai, India | ||
AJ Ashwini Jain | unknown_7efd8ce804774305b | |||
AR Animesh Raizada | unknown_67d8761514174ccc8 | |||
AJ Ashwini Jain | Angel investor and entrepreneur, focused on tech startups in India. | unknown_ad6a7cb0c1c540c1b | ||
SK Shilpa Kothari | unknown_9d698ebc948540b5b | |||
JS Jignyasa Sangani | unknown_7ddd622c085041709 | |||
SG Samir Gilani | unknown_35e08df83c794eeda | |||
SS Shailendra Singh | Managing Director at Peak XV Partners, prominent Indian angel investor | unknown_70c8b1fcd2644f03a | ||
GA Gautam Ahuja | Angel investor, ex-MD at Carlyle Group, focused on Indian startups | unknown_9645987ad4734327b | ||
SS Shailendra Singh | unknown_06edea2cca4a42d98 |
Investor details for FloChat
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 Yagerbomb Media Private Limited (FloChat)
Yagerbomb Media Private Limited is the primary company behind FloChat. The board of Yagerbomb Media Private Limited currently have 3 directors; the longest-serving is Prateek Lal, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prateek Lal DIN 07105841 | Director | 20 Apr 2015 | 11 yrs 6 mo | Yagerbomb Media Private Limited |
| Yuvraj Vivekraj Bhalla DIN 06811101 | Director | 20 Apr 2015 | 11 yrs 6 mo | Yagerbomb Media Private Limited |
| Pravir Lal Bihari DIN 08464401 | Director | 13 Jan 2020 | 6 yrs 9 mo | Yagerbomb Media Private Limited |
People of FloChat
2 people are tracked at FloChat (2 in leadership); the tracked headcount is 15.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for FloChat
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of FloChat
Figures of Yagerbomb Media Private Limited, the primary company behind FloChat, for FY 2020. Revenue was ₹3.4 Lakh (-94% year on year). Net loss was -₹8.7 Lakh (-259% margin). EBITDA was -₹8.1 Lakh (-241% margin). Revenue has grown at a compounded annual rate of -19% over three years.
- ₹3.4 LakhRevenue · FY 2020 · -94% YoY
- -₹8.7 LakhNet loss · -259% margin
- -₹8.1 LakhEBITDA · -241% margin
- ₹1.6 LakhPaid-up capital
- 15Employees (provident fund records)
- -19%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Yagerbomb Media Private Limited are on its company page.
Detailed financial statements for FloChat
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 FloChat
4 dated milestones of FloChat across 3 years, from founding to its latest funding, stage changes and deals.
- Founded FloChat is founded.
- Funding First funding round of $581K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $118K.
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Related news about Flochat
Complete news archive for FloChat
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Frequently Asked Questions about FloChat
FloChat was founded in 2015.
FloChat is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
FloChat is a funded company, having raised a total of $1.13M across 3 funding rounds to date. The company's 1st funding round was a Seed of $580.95K, raised on Nov 2015.
FloChat has 15 employees.
The primary company behind FloChat, Yagerbomb Media Private Limited, reported revenue of ₹3.4 Lakh for FY 2020, down 94% year on year.
Flo, previously Ouwtapp, is a mobile chat messenger app that allows users to chat, discover and transact across several services through a single platform, directly from the Chat window. Users can also express themselves through delete-able messages and special EmoGIFs. The app can be used for booking taxis and movie tickets, ordering food, restaurant reservations, finding discount coupons, sharing YouTube videos and much more. The app has partnered with 30 brands and user base of 400k users as of Oct17. The company had raised seed funding of 150k USD in 2015 and has raised additional undisclosed funding in Sep 2016. Planning to aggressively build AI and other technologies.
FloChat has 12 investors. Key investors include Ashwini Jain, Animesh Raizada, Ashwini Jain, Shilpa Kothari, and Jignyasa Sangani.
The valuation of FloChat is $10.94M as of Aug 2017.
FloChat operates through Yagerbomb Media Private Limited.
The legal entities of FloChat currently have 3 directors, including Prateek Lal, Yuvraj Vivekraj Bhalla, Pravir Lal Bihari.