About Schmooze
Schmooze is a company based in Palo Alto (United States) founded in 2021 by Abhinav Anurag and Vidya Madhavan.. Schmooze has raised $7.47 million across 3 funding rounds from investors including Lightspeed Venture Partners, Elevation Capital and Inventus Capital Partners. Schmooze operates in a competitive market with competitors including Bumble, Tinder, The League, Say Allo and OnlySpark, among others.
- Headquarter Palo Alto, United States
- Founders Abhinav Anurag, Vidya Madhavan
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Sectors
Consumer
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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 Schmooze Private Limited
- Date of Incorporation 25 Oct, 2023
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.47 M (USD)
in 3 rounds
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Latest Funding Round
$4 M (USD), Series A
Sep 18, 2024
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Investors
Lightspeed Venture Partners
& 5 more
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Employee Count
Employee Count
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Funding Insights of Schmooze
Schmooze has successfully raised a total of $7.47M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in September 2024. 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 — $4.0M
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First Round
First Round
(27 May 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - Schmooze | Valuation | Elevation Capital |
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| Aug, 2022 | Amount | Seed - Schmooze | Valuation | Inventus Capital Partners , Silicon Valley Quad | |
| May, 2021 | Amount | Seed - Schmooze | Valuation | Ulu Ventures |
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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 Schmooze
Schmooze has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Elevation Capital and Inventus Capital Partners. 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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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Inventus Capital Partners.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed stage investments in technology 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 Schmooze
| 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 - Schmooze
| 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 |
Schmooze Comparisons
Competitors of Schmooze
Schmooze 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 Bumble, Tinder, The League, Say Allo and OnlySpark, 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 |
App-based platform providing women-centric dating and match making services
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| domain | founded_year | HQ Location |
Proximity-based online dating and matchmaking are facilitated through mobile swiping.
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| domain | founded_year | HQ Location |
A selective dating platform for motivated individuals is provided.
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| domain | founded_year | HQ Location |
Mobile dating app where swiping enables profile browsing and connections.
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| domain | founded_year | HQ Location |
An app-based dating platform connecting users through mutual likes.
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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 Schmooze
When was Schmooze founded?
Schmooze was founded in 2021.
Where is Schmooze located?
Schmooze is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Schmooze?
Vidya Madhavan is the current CEO of Schmooze. They have also founded this company.
Is Schmooze a funded company?
Schmooze is a funded company, having raised a total of $7.47M across 3 funding rounds to date. The company's 1st funding round was a Seed of $270K, raised on May 27, 2021.
What does Schmooze do?
Schmooze was founded in 2021 and is headquartered in Palo Alto, United States. The app functions within the dating sector by enabling connections between users in close proximity. Shared meme preferences are identified as users swipe left or right on content to indicate compatibility. An AI algorithm is employed to recommend profiles based on these mutual interests, supporting interactions among nearby individuals.
Who are the top competitors of Schmooze?
Schmooze's top competitors include Bumble, Tinder and The League.
Who are Schmooze's investors?
Schmooze has 6 investors. Key investors include Lightspeed Venture Partners, Elevation Capital, Inventus Capital Partners, Silicon Valley Quad, and Graph Ventures.