About Sim Sim
Sim Sim is a company based in Delhi (India) founded in 2018 was acquired by YouTube in July 2021.. Sim Sim has raised $17.62 million across 4 funding rounds from investors including YouTube, Angel List and Accel. The company has 78 employees as of April 08, 2024. Sim Sim operates in a competitive market with competitors including Wishlink, Woovly, ShoprTV, BulBul and Charmboard, among others.
- Headquarter Delhi, India
- Employees 78 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Szs Tech Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$6.5 M (USD)153.21as on Mar 31, 2023
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Net Profit
$-30.85 M (USD)-63.14as on Mar 31, 2023
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EBITDA
$-32.94 M (USD)-74.16as on Mar 31, 2023
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Total Equity Funding
$17.62 M (USD)
in 4 rounds
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Latest Funding Round
$2.17 M (USD), Series B
Mar 25, 2021
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Investors
YouTube
& 31 more
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Employee Count
78
as on Apr 08, 2024
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Acquired by
YouTube
(Jul 20, 2021)
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Funding Insights of Sim Sim
Sim Sim has successfully raised a total of $17.62M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $2.17 million completed in March 2021. 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 4
- Last Round Series B — $2.2M
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First Round
First Round
(28 Mar 2019)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series B - Sim Sim | Valuation |
investors |
|
| Feb, 2020 | Amount | Series B - Sim Sim | Valuation | Accel , Shunwei Capital | |
| Nov, 2019 | Amount | Series A - Sim Sim | Valuation | Accel , Shunwei Capital |
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sim Sim
Sim Sim has secured backing from 32 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include YouTube, Angel List and Accel. 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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Seed to series A startups receive investments from Good Capital.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and 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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Sim Sim
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - Sim Sim
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sim Sim Comparisons
Competitors of Sim Sim
Sim Sim 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 Wishlink, Woovly, ShoprTV, BulBul and Charmboard, 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 |
Platform for connecting creators with brands for content monetization
|
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| domain | founded_year | HQ Location |
Makeup, skincare, and personal care products are retailed online.
|
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| domain | founded_year | HQ Location |
Live video shopping platform for customers
|
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| domain | founded_year | HQ Location |
Online live streaming e-commerce for multi-category products is facilitated.
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| domain | founded_year | HQ Location |
Multi-category fashion products are offered via an online platform.
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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 Sim Sim
Frequently Asked Questions about Sim Sim
When was Sim Sim founded?
Sim Sim was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Sim Sim located?
Sim Sim is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Sim Sim a funded company?
Sim Sim is a funded company, having raised a total of $17.62M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6.05M, raised on Mar 28, 2019.
How many employees does Sim Sim have?
As of Apr 08, 2024, the latest employee count at Sim Sim is 78.
What is the annual revenue of Sim Sim?
Annual revenue of Sim Sim is $6.5M as on Mar 31, 2023.
What does Sim Sim do?
Sim Sim was founded in 2018 in Delhi, India, as an e-commerce platform focused on short video shopping. Products including clothing, beauty items, home and kitchen goods, and electronics are discovered and purchased through video content. Operations are conducted via mobile applications available on Android and iOS. The domain simsim.in supports user access to these services.
Who are the top competitors of Sim Sim?
Who are Sim Sim's investors?
Sim Sim has 32 investors. Key investors include YouTube, Angel List, Accel, Good Capital, and Saiyid Hamid.
What is Sim Sim's valuation?
The valuation of Sim Sim is $50.13M as of Mar 2021.
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