About lrts.me
lrts.me is a company based in Shenzhen (China) founded in 2011 was acquired by Tencent Music in January 2021.. lrts.me has raised $30.74 million across 3 funding rounds from investors including Tencent Music, Times Publishing Media and CoStone Capital. lrts.me operates in a competitive market with competitors including Podimo, Storytel, Yoto, Beek and Fonos, among others.
- Headquarter Shenzhen, China
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30.74 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Tencent Music
& 5 more
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Employee Count
Employee Count
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Acquired by
Tencent Music
(Jan 15, 2021)
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Funding Insights of lrts.me
lrts.me has successfully raised a total of $30.74M across 3 strategic funding rounds. 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 Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series C - lrts.me | Valuation | CoStone Capital | |
| Jun, 2018 | Amount | Series C - lrts.me | Valuation |
investors |
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| Jan, 2012 | Amount | Series B - lrts.me | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in lrts.me
lrts.me has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent Music, Times Publishing Media and CoStone Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Investments in tech startups are provided by CyberAgent Capital.
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Founded Year | Domain | Location | |
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A fund of funds investing across multiple sectors for diversified portfolios.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by lrts.me
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - lrts.me
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lrts.Me Comparisons
Competitors of lrts.me
lrts.me operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Podimo, Storytel, Yoto, Beek and Fonos, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Podcasts and audiobooks are provided through a creator-focused audio platform.
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| domain | founded_year | HQ Location |
App-based subscription platform for e-books
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| domain | founded_year | HQ Location |
Audio-based learning solutions with stories and music are provided.
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| domain | founded_year | HQ Location |
Multi-genre audiobooks are delivered via a SaaS platform.
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| domain | founded_year | HQ Location |
Multi-genre audiobooks are delivered via an app-based platform.
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| domain | founded_year | HQ Location |
Voxa is engaged in providing digital content like audiobooks.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about lrts.me
When was lrts.me founded?
lrts.me was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is lrts.me located?
lrts.me is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Is lrts.me a funded company?
lrts.me is a funded company, having raised a total of $30.74M across 3 funding rounds to date.
What does lrts.me do?
lrts.me offers an online platform and a mobile app to listen to various audio books that are there on its platform. Claims that it has exceeded 100 million users. Ranked 84 in the Top 100 mobile apps of China. Earns revenue through premium memberships. VIP members can download unlimited numbers of books and enjoy services with out Ads. Freelance anchors can contribute and earn money by converting the books to audio books.
Who are the top competitors of lrts.me?
Who are lrts.me's investors?
lrts.me has 6 investors. Key investors include Tencent Music, Times Publishing Media, CoStone Capital, 3Q Capital, and Fu Hui.
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