About PingTune
PingTune is a company based in London (United Kingdom) founded in 2013 was acquired by Eros International in October 2015.. PingTune has raised $1.6 million across 1 funding round from investors including Eros International, Rupert Hambro and Dominic Perks. PingTune offers products and services including Gaming Platform. PingTune operates in a competitive market with competitors including Myspace, Playlist, FanLabel, Music Messenger and Schematic Labs, among others.
- Headquarter London, United Kingdom
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Sectors
TelecommunicationsMedia & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tune It Digital 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
$1.6 M (USD)
in 1 rounds
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Latest Funding Round
$1.6 M (USD), Seed
Dec 29, 2013
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Investors
Eros International
& 2 more
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Employee Count
Employee Count
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Acquired by
Eros International
(Oct 13, 2015)
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Products & Services of PingTune
PingTune offers a comprehensive portfolio of products and services, including Gaming Platform. 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.
Site for playing interactive games with secure payment features
Funding Insights of PingTune
PingTune has successfully raised a total of $1.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.6 million completed in December 2013. 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 1
- Last Round Seed — $1.6M
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First Round
First Round
(29 Dec 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Seed - PingTune | 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 PingTune
PingTune has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Eros International, Rupert Hambro and Dominic Perks. 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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RH
Rupert Hambro |
British investor, active in India, focuses on tech and innovation startups
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Founded Year | Domain | Location |
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DP
Dominic Perks |
Angel investor and entrepreneur, founder of Hambro Perks, active in India.
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Founded Year | Domain | Location |
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Potato farming, grain marketing, and equipment services in Maine.
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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 PingTune
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - PingTune
| 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 |
Pingtune Comparisons
Competitors of PingTune
PingTune 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 Myspace, Playlist, FanLabel, Music Messenger and Schematic Labs, 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 |
On-demand music streaming and content sharing platform
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| domain | founded_year | HQ Location |
Music is discovered and shared via friends' and expert-curated playlists.
|
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| domain | founded_year | HQ Location |
FanLabel is operated as a music-based gaming platform.
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| domain | founded_year | HQ Location |
App-based platform offering music streaming and music messaging solution
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| domain | founded_year | HQ Location |
Social music sharing platform
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| domain | founded_year | HQ Location |
Networking platforms for music and pop culture fans are operated.
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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 PingTune
When was PingTune founded?
PingTune was founded in 2013.
Where is PingTune located?
PingTune is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is PingTune a funded company?
PingTune is a funded company, having raised a total of $1.6M across 1 funding round to date. The company's 1st funding round was a Seed of $1.6M, raised on Dec 29, 2013.
What does PingTune do?
PingTune was founded in 2013 in London, United Kingdom, as a music technology company. The platform operates as a messaging app where music is shared and discovered by users. Connections between music creators and fans are facilitated, with exclusive access to works provided and recommendations sought. Virality for artists is supported through fan interactions. The company was acquired by erosplc.com in October 2015.
Who are the top competitors of PingTune?
PingTune's top competitors include Music Messenger, Myspace and Playlist.
What products or services does PingTune offer?
PingTune offers Gaming Platform.
Who are PingTune's investors?
PingTune has 3 investors. Key investors include Eros International, Rupert Hambro, and Dominic Perks.