About Funloop
Funloop is a Media & Entertainment company based in Bengaluru (India) founded in 2017 by Sushin Pv. App-based platform to create and share audio or video stories or status. Funloop has raised $133.46 thousand across 1 funding round from investors including Axilor Ventures and SOSV. Funloop was last valued at $1.74 million in August 2019. Its focus areas include Consumer, Social Platforms, Horizontal and Video Sharing. Its legal entity in India is Wcp Technologies Pvt. Ltd (U74999KA2018PTC119048). Its competitors include VerSe, Josh and Chingari; 2 of its 3 listed competitors have raised funding.
Company details
Funloop was founded in 2017 in Bengaluru, India, as an app-based platform in the social media sector. Audio and video stories or status updates are created and shared by users on social media and chat messenger platforms. The service operates via a mobile application available for Android devices, enabling content distribution across digital networks.
- Headquarters Bengaluru, India
- Founders Sushin Pv
- Stage Minicorn
- SectorsMedia & Entertainment
- Website funloop.app
- Social LinkedIn Facebook
- Legal Name Wcp Technologies Pvt. Ltd.
- Date of Incorporation 30 Nov, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2,517
FY 2022 · -97% YoY
- Net Loss-₹25.6 Lakh
FY 2022 · -101574% margin
- EBITDA-₹51,745
FY 2022 · -2056% margin
- Total Equity Funding$133.46K (USD)
in 1 rounds
- Latest Funding Round$133.46K (USD), Seed
Aug 2019
- InvestorsAxilor Ventures
& 1 more
Associated legal entities of Funloop
Funloop operates through Wcp Technologies Private Limited (under process of striking off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wcp Technologies Private Limited CIN U74999KA2018PTC119048 | Under Process Of Striking Off | 30 Nov 2018 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Funding Insights of Funloop
Funloop has successfully raised a total of $133.46K through 1 strategic funding round. The most recent funding activity was a Seed round of $133.46 thousand completed in August 2019. 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 $133,461
- Total Rounds 1
- Last Round Seed — $133,461
- First Round $133,461
(Aug 2019)
- Investors Count 2
All 1 funding rounds of Funloop 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 |
|---|---|---|---|---|---|
| Aug 2019 | $133,461 | Seed | $1.74M | SOSV |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2019 | $1.74M | •••••••• |
Last known valuation $1.74M (Aug 2019). 2 investors in total: 2 institutional.
Investors in Funloop
Funloop has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Axilor Ventures and SOSV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and accelerator services are provided across multiple sectors. | sosv.com | Cork, Ireland | ||
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India |
Investor details for Funloop
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 Wcp Technologies Private Limited (Funloop)
Wcp Technologies Private Limited is the primary company behind Funloop. The board of Wcp Technologies Private Limited currently have 2 directors; the longest-serving is Vikas Shrivastava, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikas Shrivastava DIN 07542349 | Director | 30 Nov 2018 | 7 yrs 11 mo | Wcp Technologies Private Limited |
| Sushin Puthiya Veettil DIN 08016947 | Director | 30 Nov 2018 | 7 yrs 11 mo | Wcp Technologies Private Limited |
People of Funloop
1 people are tracked at Funloop (1 in leadership).
| Name | Role | Group |
|---|---|---|
Sushin Pv | Co-Founder | Leadership |
Complete people profiles for Funloop
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 Funloop
Figures of Wcp Technologies Private Limited, the primary company behind Funloop, for FY 2022. Revenue was ₹2,517 (-97% year on year). Net loss was -₹25.6 Lakh (-101574% margin). EBITDA was -₹51,745 (-2056% margin).
- ₹2,517Revenue · FY 2022 · -97% YoY
- -₹25.6 LakhNet loss · -101574% margin
- -₹51,745EBITDA · -2056% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Wcp Technologies Private Limited are on its company page.
Detailed financial statements for Funloop
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 Funloop
3 dated milestones of Funloop across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Funloop is founded.
- Funding First funding round of $133K.
- Milestone Reaches Minicorn status.
Competitors of Funloop
Funloop has 3 listed competitors in our database, 2 of them funded. They include VerSe, Josh and Chingari.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| verse.in | 2007 | Bengaluru, India | $1.68B | 669 | Developer of a short-video platform and technology infrastructure | |
| myjosh.in | 2016 | Bengaluru, India | 283 | Short videos are shared on a social platform by users. | ||
| chingari.io | 2018 | Bengaluru, India | $61.55M | 68 | Social media platform that helps users to create and monetize short-form video content |
Detailed competitors of Funloop
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Funloop
Funloop was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Funloop is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Funloop is a funded company, having raised a total of $133.46K across 1 funding round to date. The company's 1st funding round was a Seed of $133.46K, raised on Aug 2019.
The primary company behind Funloop, Wcp Technologies Private Limited, reported revenue of ₹2,517 for FY 2022, down 97% year on year.
Funloop was founded in 2017 in Bengaluru, India, as an app-based platform in the social media sector. Audio and video stories or status updates are created and shared by users on social media and chat messenger platforms. The service operates via a mobile application available for Android devices, enabling content distribution across digital networks.
Funloop has 2 investors. Key investors include Axilor Ventures, and SOSV.
The valuation of Funloop is $1.74M as of Aug 2019.
Funloop operates through Wcp Technologies Private Limited.
The legal entities of Funloop currently have 2 directors, including Vikas Shrivastava, Sushin Puthiya Veettil.