About Sip And Swap
Sip And Swap was a Technology company based in Mumbai (India) founded in 2017. A smartphone app designed to reduce usage and promote healthier habits. It operates on a B2C model. Its Indian entity Optimistic Concepts Entertainment Private Limited reported revenue of ₹13.6 Lakh. The company is recorded as dissolved. Its focus areas include Software, Mobile Applications and Productivity and Health Apps.
Company details
Sip And Swap a smartphone app designed to reduce usage and promote healthier habits, focusing on leveraging cutting-edge technology, software, developing user-friendly mobile apps, and productivity and health apps. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Mumbai, India
- SectorsTechnology
- Website sipandswap.in
- Social X Facebook
- Legal Name Optimistic Concepts Entertainmentprivate Limited
- Date of Incorporation 13 Aug, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13.6 Lakh
FY 2024 · +50% YoY
- Net Loss-₹12,674
FY 2024 · -1% margin
- EBITDA-₹9,368
FY 2024 · -1% margin
Associated legal entities of Sip And Swap
Sip And Swap operates through Optimistic Concepts Entertainment Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Optimistic Concepts Entertainment Private Limited CIN U74999MH2018PTC312728 | Active | 13 Aug 2018 | Mumbai, Maharashtra | ₹0.1 Cr | 2 | View details |
Board of directors of Optimistic Concepts Entertainment Private Limited (Sip And Swap)
Optimistic Concepts Entertainment Private Limited is the primary company behind Sip And Swap. The board of Optimistic Concepts Entertainment Private Limited currently have 2 directors; the longest-serving is Priyesh Ashwin Thakkar, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Priyesh Ashwin Thakkar DIN 08199121 | Director | 13 Aug 2018 | 8 yrs 2 mo | Optimistic Concepts Entertainment Private Limited |
| Thakkar Ashwin Karsandas DIN 08181686 | Director | 13 Aug 2018 | 8 yrs 2 mo | Optimistic Concepts Entertainment Private Limited |
Financials of Sip And Swap
Figures of Optimistic Concepts Entertainment Private Limited, the primary company behind Sip And Swap, for FY 2024. Revenue was ₹13.6 Lakh (+50% year on year). Net loss was -₹12,674 (-1% margin). EBITDA was -₹9,368 (-1% margin). Revenue has grown at a compounded annual rate of +60% over three years and +32% over five years.
- ₹13.6 LakhRevenue · FY 2024 · +50% YoY
- -₹12,674Net loss · -1% margin
- -₹9,368EBITDA · -1% margin
- ₹1 LakhPaid-up capital
- +60%Revenue CAGR, 3 years
- +32%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Optimistic Concepts Entertainment Private Limited are on its company page.
Detailed financial statements for Sip And Swap
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Top companies in Mobile Application Ecosystem
2 companies that operate in the same segment as Sip And Swap (Mobile Application Ecosystem) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Delivers a comprehensive super-app for multi-category products and services. | 2019 | Mumbai, Maharashtra, India | ||||
Mobile apps are traded via an AI-powered bidding marketplace. | 2017 | Delhi, Delhi, India | USD 4 M | USD 1.38 M |
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Frequently Asked Questions about Sip And Swap
Sip And Swap was founded in 2017.
Sip And Swap is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Sip And Swap, Optimistic Concepts Entertainment Private Limited, reported revenue of ₹13.6 Lakh for FY 2024, up 50% year on year.
Sip And Swap a smartphone app designed to reduce usage and promote healthier habits, focusing on leveraging cutting-edge technology, software, developing user-friendly mobile apps, and productivity and health apps. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Sip And Swap operates through Optimistic Concepts Entertainment Private Limited.
The legal entities of Sip And Swap currently have 2 directors, including Priyesh Ashwin Thakkar, Thakkar Ashwin Karsandas.