About TheEightNetwork
TheEightNetwork is a company based in Bengaluru (India) founded in 2021 by Mohit Goswami and Yugal Tamang.. TheEightNetwork has raised $3.14 million across 3 funding rounds from investors including Angel List, Wellfound and Kae Capital. TheEightNetwork operates in a competitive market with competitors including Deezer, Spotify, Pandora, AccuRadio and Slacker, among others.
- Headquarter Bengaluru, India
- Founders Mohit Goswami, Yugal Tamang
- Stage Minicorn
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Sectors
Media & Entertainment
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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 Eight Network Creations Private Limited
- Date of Incorporation 17 Jun, 2021
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$7.43 K (USD)0as on Mar 31, 2022
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Net Profit
$-104.78 K (USD)0as on Mar 31, 2022
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EBITDA
$-77.24 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$3.14 M (USD)
in 3 rounds
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Latest Funding Round
$1.06 M (USD), Seed
Oct 15, 2024
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Investors
Angel List
& 20 more
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Employee Count
Employee Count
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Funding Insights of TheEightNetwork
TheEightNetwork has successfully raised a total of $3.14M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.06 million completed in October 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 Seed — $1.1M
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First Round
First Round
(21 Aug 2021)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - TheEightNetwork | Valuation | Kae Capital , Z47 | |
| Dec, 2022 | Amount | Series A - TheEightNetwork | Valuation | Kae Capital | |
| Aug, 2021 | Amount | Seed - TheEightNetwork | Valuation | Venture Highway |
| 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 TheEightNetwork
TheEightNetwork has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and Kae Capital. 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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Early-stage investing in tech startups in India.
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Founded Year | Domain | Location | |
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Early-stage investments are made in fintech, retail, and healthtech sectors.
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Founded Year | Domain | Location | |
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Investments in tech startups are directed by the fund.
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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 TheEightNetwork
| 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 - TheEightNetwork
| 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 |
Theeightnetwork Comparisons
Competitors of TheEightNetwork
TheEightNetwork 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 Deezer, Spotify, Pandora, AccuRadio and Slacker, 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 |
Online platform for on-demand music and radio streaming
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| domain | founded_year | HQ Location |
Music streaming is offered on-demand to global users.
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| domain | founded_year | HQ Location |
Personalized internet radio stations and playlists are streamed for users.
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| domain | founded_year | HQ Location |
Online radio streaming is offered based on artists and genres.
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| domain | founded_year | HQ Location |
Online personalized radio streaming platform
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| domain | founded_year | HQ Location |
Provider of in-store radio, corporate radio, and digital screen content management
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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 Theeightnetwork
Frequently Asked Questions about TheEightNetwork
When was TheEightNetwork founded?
TheEightNetwork was founded in 2021.
Where is TheEightNetwork located?
TheEightNetwork is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is TheEightNetwork a funded company?
TheEightNetwork is a funded company, having raised a total of $3.14M across 3 funding rounds to date. The company's 1st funding round was a Seed of $403.46K, raised on Aug 21, 2021.
What is the annual revenue of TheEightNetwork?
Annual revenue of TheEightNetwork is $7.43K as on Mar 31, 2022.
What does TheEightNetwork do?
TheEightNetwork was founded in 2021 in Bengaluru, India, as a provider in the digital entertainment sector. A mobile application is operated to deliver audio-based social experiences. Podcasts, audio series, and news stories are featured, addressing varied user interests. Content is made accessible via the app, supporting interactions in an audio-focused format across mobile devices.
Who are the top competitors of TheEightNetwork?
Who are TheEightNetwork's investors?
TheEightNetwork has 21 investors. Key investors include Angel List, Wellfound, Kae Capital, Venture Highway VC, and OCFO.
What is TheEightNetwork's valuation?
The valuation of TheEightNetwork is $7.41M as of Dec 2022.
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