About Sourcebits
Sourcebits is a company based in Bengaluru (India) founded in 2006 was acquired by Ascendum in February 2017. Sourcebits has raised $10 million across 1 funding round from investors including Ascendum, Sequoia Capital and Chiratae Ventures. The company has 15 employees as of March 30, 2024. Sourcebits offers products and services including News Platform and Article Updates. Sourcebits operates in a competitive market with competitors including Loyal, Appfire, Sango Technologies, Mega Fortuna and Airspeed, among others.
- Headquarter Bengaluru, India
- Employees 15 as on 30 Mar, 2024
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Sectors
Technology
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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 Sourcebits Technologies Private Limited
- Date of Incorporation 27 Apr, 2006
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.37 M (USD)-53.94as on Mar 31, 2022
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Net Profit
$124.41 K (USD)-80.17as on Mar 31, 2022
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EBITDA
$157.08 K (USD)-80.61as on Mar 31, 2022
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
May 10, 2011
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Investors
Ascendum
& 3 more
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Employee Count
15
as on Mar 30, 2024
- Acquired by
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Products & Services of Sourcebits
Sourcebits offers a comprehensive portfolio of products and services, including News Platform and Article Updates.
Platform for accessing celebrity updates and articles online.
Provides daily news on scandals and viral trends.
Funding Insights of Sourcebits
Sourcebits has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in May 2011. 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.
Investors in Sourcebits
Sourcebits has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ascendum, Sequoia Capital and Chiratae Ventures.
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Sequoia Capital is engaged in venture capital investments.
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Venture capital fund focused on seed-stage startups
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IT and HR services are delivered across key industries.
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Investor details for Sourcebits
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Investments & Acquisitions by Sourcebits
Investment portfolio details for Sourcebits
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Financial Statements - Sourcebits
Detailed financials for Sourcebits
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Sourcebits Comparisons
Peer comparison for Sourcebits
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Sourcebits
Sourcebits 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 Loyal, Appfire, Sango Technologies, Mega Fortuna and Airspeed, among others.
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Mobile application development, data management, and advertising services are provided.
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Mobile app development services are offered by Appfire.
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Application development services are provided to support business applications.
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Apps and games for mobile platforms are developed and published.
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Limited information available
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AI-based applications are developed using deep learning and machine vision.
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Detailed competitors of Sourcebits
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Sourcebits
Complete news archive for Sourcebits
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Sourcebits
Sourcebits was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Sourcebits is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sourcebits is a funded company, having raised a total of $10M across 1 funding round to date.
As of Mar 30, 2024, the latest employee count at Sourcebits is 15.
Annual revenue of Sourcebits is $1.37M as on Mar 31, 2022.
Sourcebits is a San Francisco-based app development firm with expertise in creating custom mobile, MVP, web, and cloud solutions for startups and enterprises. Provides end to end app development services like strategy, design, development, marketing and analytics. Clients include GE, SAP, Intel, MIT, PG, Hersheys, and Coca-Cola, as well as emerging technology companies such as Knocking, Peel, TwitPic, CloudOn, Posterous, and Sling Media. Offices across North America, Europe and India. Has built 600 mobile projects. Acquired by publicly-listed enterprise mobility company, Globo in June 2014 - will continue to operate under its own brand.
Sourcebits's top competitors include Loyal, Mega Fortuna and Appfire.
Sourcebits offers News Platform and Article Updates.
Sourcebits has 4 investors. Key investors include Ascendum, Sequoia Capital, Chiratae Ventures, and Globo.