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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital fund
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Venture capital and acceleration services are provided to blockchain companies.
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Venture capital investments are directed across multiple sectors.
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Investor details for MemeChat
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Investments & Acquisitions by MemeChat
Investment portfolio details for MemeChat
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Financial Statements - MemeChat
Detailed financials for MemeChat
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Memechat Comparisons
Peer comparison for MemeChat
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- Named peers
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online social networking and communication services are provided globally.
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Online search engine for GIFs and stickers
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Video creator monetization platform
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Photos and videos are shared via an app-based social platform.
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Tenor is recognized for providing GIF-based communication tools.
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Mobile/web social discovery website
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Detailed competitors of MemeChat
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Latest news on Memechat
Complete news archive for MemeChat
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Frequently Asked Questions about MemeChat
MemeChat was founded in 2019 and raised its 1st funding round 2 years after it was founded.
MemeChat is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kyle Fernandes is the current CEO of MemeChat. They have also founded this company.
MemeChat is a funded company, having raised a total of $1.64M across 3 funding rounds to date.
As of Mar 24, 2024, the latest employee count at MemeChat is 10.
Annual revenue of MemeChat is $680.52K as on Mar 31, 2023.
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.
MemeChat has 47 investors. Key investors include Angel List, Wellfound, LetsVenture, 100Unicorns, and Beenext.
The valuation of MemeChat is $14.03M as of Aug 2022.