About MemeChat
MemeChat is a company based in Mumbai (India) founded in 2019 by Kyle Fernandes and Taaran Chanana.. MemeChat has raised $1.64 million across 3 funding rounds from investors including Angel List, Wellfound and LetsVenture. The company has 10 employees as of March 24, 2024. MemeChat operates in a competitive market with competitors including Facebook, Giphy, Rumble, VK and Tenor, among others.
- Headquarter Mumbai, India
- Employees 10 as on 24 Mar, 2024
- Founders Kyle Fernandes, Taaran Chanana
- Stage Minicorn
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Sectors
Media & EntertainmentTelecommunications
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Meme Chat Private Limited
- Date of Incorporation 28 Mar, 2019
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$680.52 K (USD)-4.58as on Mar 31, 2023
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Net Profit
$-510.34 K (USD)-38.11as on Mar 31, 2023
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EBITDA
$-657.89 K (USD)-48.47as on Mar 31, 2023
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Total Equity Funding
$1.64 M (USD)
in 3 rounds
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Latest Funding Round
$430.85 K (USD), Series A
Aug 03, 2022
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Investors
Angel List
& 46 more
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Employee Count
10
as on Mar 24, 2024
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Funding Insights of MemeChat
MemeChat has successfully raised a total of $1.64M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $430.85 thousand completed in August 2022. 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 Series A — $430,845
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First Round
First Round
(01 Jan 2021)
- Investors Count 47
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - MemeChat | Valuation | Beenext | |
| Sep, 2021 | Amount | Series A - MemeChat | Valuation | Beenext | |
| Jan, 2021 | Amount | Seed - MemeChat | Valuation | 500 Global |
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| 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 MemeChat
MemeChat has secured backing from 47 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and LetsVenture. 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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Early-stage venture capital fund
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Founded Year | Domain | Location | |
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Venture capital and acceleration services are provided to blockchain companies.
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Founded Year | Domain | Location | |
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Venture capital investments are directed across multiple sectors.
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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 MemeChat
| 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 - MemeChat
| 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 |
Memechat Comparisons
Competitors of MemeChat
MemeChat 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 Facebook, Giphy, Rumble, VK and Tenor, 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 |
Online social networking and communication services are provided globally.
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| domain | founded_year | HQ Location |
Online search engine for GIFs and stickers
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| domain | founded_year | HQ Location |
Video creator monetization platform
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| domain | founded_year | HQ Location |
Photos and videos are shared via an app-based social platform.
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| domain | founded_year | HQ Location |
Tenor is recognized for providing GIF-based communication tools.
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| domain | founded_year | HQ Location |
Mobile/web social discovery website
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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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Latest news on Memechat
Frequently Asked Questions about MemeChat
When was MemeChat founded?
MemeChat was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is MemeChat located?
MemeChat is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of MemeChat?
Kyle Fernandes is the current CEO of MemeChat. They have also founded this company.
Is MemeChat a funded company?
MemeChat is a funded company, having raised a total of $1.64M across 3 funding rounds to date. The company's 1st funding round was a Seed of $151.88K, raised on Jan 01, 2021.
How many employees does MemeChat have?
As of Mar 24, 2024, the latest employee count at MemeChat is 10.
What is the annual revenue of MemeChat?
Annual revenue of MemeChat is $680.52K as on Mar 31, 2023.
What does MemeChat do?
MemeChat was established in 2019 in Mumbai, India, as an online platform in the digital entertainment sector. Tools for generating humorous content across various categories are provided, enabling users to create memes and potentially earn revenue. Operations include a mobile application compatible with Android and iOS devices, supporting user engagement in content production and distribution.
Who are the top competitors of MemeChat?
Who are MemeChat's investors?
MemeChat has 47 investors. Key investors include Angel List, Wellfound, LetsVenture, 100Unicorns, and Beenext.
What is MemeChat's valuation?
The valuation of MemeChat is $14.03M as of Aug 2022.
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