About Momo
Momo is a company based in Beijing (China) founded in 2011 by Tang Yan, Sic Zhang, and Lei Xiao Liang. It operates as a Freemium, and Advertising Model. Momo has raised $247 million across 3 funding rounds from investors including Alibaba Group, 58City and Yunfeng Capital. Momo has completed 1 acquisition, including Tantan App. Momo offers products and services including Momo App and Live Streaming. Momo operates in a competitive market with competitors including Match, Skout, LOVOO, Mamba and Twoo, among others.
- Headquarter Beijing, China
- Founders Tang Yan, Sic Zhang, Lei Xiao Liang
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
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- Legal Name Beijing Momo Technology Co., Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$247 M (USD)
in 3 rounds
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Latest Funding Round
$650 M (USD), Post-IPO
Jul 02, 2018
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Investors
Alibaba Group
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Momo
Momo offers a comprehensive portfolio of products and services, including Momo App and Live Streaming. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for connecting with strangers socially online.
Live content broadcasting is facilitated for user engagement.
Funding Insights of Momo
Momo has successfully raised a total of $247M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $650 million completed in July 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 Total Funding
- Total Rounds 3
- Last Round Post-IPO — $650.0M
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First Round
First Round
(01 Apr 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Post-IPO - Momo | Valuation |
investors |
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| Nov, 2014 | Amount | Series F - Momo | Valuation |
investors |
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| Apr, 2014 | Amount | Series D - Momo | 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 Momo
Momo has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Alibaba Group, 58City and Yunfeng 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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Private equity investments are managed by Yunfeng Capital in China.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Online second-hand listing platform offering multi-category products and services
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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 Momo
Momo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tantan App. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile dating app where user profiles are liked or passed.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Momo
| 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 |
Momo Comparisons
Competitors of Momo
Momo 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 Match, Skout, LOVOO, Mamba and Twoo, 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 matchmaking listings are facilitated via a digital platform.
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| domain | founded_year | HQ Location |
People are connected via a mobile dating and discovery platform.
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| domain | founded_year | HQ Location |
Social discovery and mobile dating app
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| domain | founded_year | HQ Location |
Russian online dating platform enabling user registrations and profile browsing.
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| domain | founded_year | HQ Location |
Interest-based social networking and dating connections are facilitated for users.
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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 Momo
Frequently Asked Questions about Momo
When was Momo founded?
Momo was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Momo located?
Momo is headquartered in Beijing, China.
Who is the current CEO of Momo?
Tang Yan is the current CEO of Momo. They have also founded this company.
Is Momo a funded company?
Momo is a funded company, having raised a total of $247M across 3 funding rounds to date. The company's 1st funding round was a Series D of $187M, raised on Apr 01, 2014.
What does Momo do?
A social networking platform is operated by Beijing Momo Technology Co., Ltd. to connect users with strangers online. Services are provided in sectors like social media and entertainment through the Momo app and live streaming features. Solutions are developed to enhance user engagement and interaction within a digital community in China.
What products or services does Momo offer?
Momo offers Momo App and Live Streaming.
How many acquisitions has Momo made?
Momo has made 1 acquisition, including Tantan App.
Who are Momo's investors?
Momo has 5 investors. Key investors include Alibaba Group, 58City, Yunfeng Capital, Tiger Global, and Sequoia Capital.
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