About Touchfone Technology
Touchfone Technology is a Media & Entertainment company based in Bengaluru (India) founded in 2009 by Sunil Kallerackal, and was acquired by ScoopWhoop in December 2016. Video streaming platform for low-bandwidth mobile networks is developed. Touchfone Technology has raised $212.42 thousand across 3 funding rounds from investors including ScoopWhoop, Microsoft Accelerator and Sangeetha. Its Indian entity Touchfone Technology India Private Limited reported revenue of ₹77.4 Lakh. The company was acqui-hired. Its focus areas include Tech for Film & TV, Broadcasting, Media Delivery and Media over IP.
Company details
StrmEasy (previously touch-fone.com), is an end-to-end video delivery platform with a specific focus on bandwidth-constrained networks. It addresses the problem of delivering good quality video to any device on any network with low data usage. Their customers include telecoms, OEMs, TV networks, cable channels, education content providers and general entertainment content providers. The company had raised 200,000 from Blume Ventures earlier and have long-term debt funding from their incubators. The company has 6 customers as of Jul 2014. Currently in the process of raising Series A funding (few media sources cite 6M). Currently, the company is being incubated at the Microsoft Accelerator.
- Headquarters Bengaluru, India
- Founders Sunil Kallerackal
- Stage Acquired
- SectorsMedia & Entertainment
- Email••••••••
- Website strmeasy.com
- Social LinkedIn
- Acquired by ScoopWhoop (Dec 2016)
- Legal Name Touchfone Technology India Private Limited
- Date of Incorporation 19 Feb, 2009
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹77.4 Lakh
FY 2015 · +52% YoY
- Net Profit₹16.5 Lakh
FY 2015 · 21% margin
- EBITDA₹23.8 Lakh
FY 2015 · 31% margin
- Total Equity Funding$212.42K (USD)
in 3 rounds
- InvestorsScoopWhoop
& 3 more
- Acquired byScoopWhoop
(Dec 2016)
Associated legal entities of Touchfone Technology
Touchfone Technology operates through Touchfone Technology India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2015) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Touchfone Technology India Private Limited CIN U64202KA2009PTC049177 | Active | 19 Feb 2009 | Bangalore, Karnataka | ₹0.8 Cr | 2 | View details |
Funding Insights of Touchfone Technology
Touchfone Technology has successfully raised a total of $212.42K across 3 strategic funding rounds. 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 $212,419
- Total Rounds 3
- First Round $200,000
(Jun 2010)
- Investors Count 3
All 3 funding rounds of Touchfone Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2014 | Seed | – | – | ||
| Dec 2013 | $12,419 | Angel Round | – | Sangeetha | – |
| Jun 2010 | $200,000 | Seed | – | – |
4 investors in total: 3 institutional and 1 angel.
Investors in Touchfone Technology
Touchfone Technology has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include ScoopWhoop, Microsoft Accelerator and Sangeetha.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Enterprise startups are accelerated through Microsoft's global mentoring program. | microsoftaccelerator.com | Paris, France | ||
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
India-specific entertainment stories are curated and created. | 2013 | scoopwhoop.com | Delhi, India | |
S Sangeetha | unknown_8e3e58af524242c98 |
Investor details for Touchfone Technology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Touchfone Technology India Private Limited (Touchfone Technology)
Touchfone Technology India Private Limited is the primary company behind Touchfone Technology. The board of Touchfone Technology India Private Limited currently have 2 directors; the longest-serving is Brahmayya Akella, appointed in 2009. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Brahmayya Akella DIN 00823998 | Director | 19 Feb 2009 | 17 yrs 8 mo | Touchfone Technology India Private Limited |
| Subramanian Mahesh DIN 06411407 | Director | 20 Jan 2012 | 14 yrs 9 mo | Touchfone Technology India Private Limited |
People of Touchfone Technology
1 people are tracked at Touchfone Technology (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Touchfone Technology
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Touchfone Technology
Figures of Touchfone Technology India Private Limited, the primary company behind Touchfone Technology, for FY 2015. Revenue was ₹77.4 Lakh (+52% year on year). Net profit was ₹16.5 Lakh (21% margin). EBITDA was ₹23.8 Lakh (31% margin).
- ₹77.4 LakhRevenue · FY 2015 · +52% YoY
- ₹16.5 LakhNet profit · 21% margin
- ₹23.8 LakhEBITDA · 31% margin
- ₹2.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Touchfone Technology India Private Limited are on its company page.
Detailed financial statements for Touchfone Technology
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Touchfone Technology
4 dated milestones of Touchfone Technology across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Touchfone Technology is founded.
- Funding First funding round of $200K.
- Funding Latest funding round, Seed,.
- Exit Acquired by ScoopWhoop.
Top companies in Film, TV & Broadcasting Tech
2 companies that operate in the same segment as Touchfone Technology (Film, TV & Broadcasting Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud solutions for broadcast, streaming, and advertising industries are provided. | 2008 | Bengaluru, Karnataka, India | USD 264.17 M | USD 87.14 M | 749 | |
Online event ticketing platform offering a wide range of entertainment options, including movies, concerts, sports, and plays, enabling users to di... | 1999 | Mumbai, Maharashtra, India |
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Related news about Touchfone Technology
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Frequently Asked Questions about Touchfone Technology
Touchfone Technology was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Touchfone Technology is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Touchfone Technology is a funded company, having raised a total of $212.42K across 3 funding rounds to date. The company's 1st funding round was a Seed of $200K, raised on Jun 2010.
The primary company behind Touchfone Technology, Touchfone Technology India Private Limited, reported revenue of ₹77.4 Lakh for FY 2015, up 52% year on year.
StrmEasy (previously touch-fone.com), is an end-to-end video delivery platform with a specific focus on bandwidth-constrained networks. It addresses the problem of delivering good quality video to any device on any network with low data usage. Their customers include telecoms, OEMs, TV networks, cable channels, education content providers and general entertainment content providers. The company had raised 200,000 from Blume Ventures earlier and have long-term debt funding from their incubators. The company has 6 customers as of Jul 2014. Currently in the process of raising Series A funding (few media sources cite 6M). Currently, the company is being incubated at the Microsoft Accelerator.
Touchfone Technology has 4 investors. Key investors include ScoopWhoop, Microsoft Accelerator, Sangeetha, and Blume Ventures.
Touchfone Technology operates through Touchfone Technology India Private Limited.
Yes. Touchfone Technology was acquired by ScoopWhoop in December 2016.
The legal entities of Touchfone Technology currently have 2 directors, including Brahmayya Akella, Subramanian Mahesh.