About Turnip
Turnip is a company based in Bengaluru (India) founded in 2020 by Devendra Kumar Sharma, Aditya Sharma, and Pooja Dubey. Turnip has raised $14.73 million across 3 funding rounds from investors including Angel List, Wellfound and Mars Shot Ventures. The company has 20 employees as of March 23, 2024. Turnip operates in a competitive market with competitors including Twitch, EloElo, Tango, GroupMe and StreamElements, among others.
- Headquarter Bengaluru, India
- Employees 20 as on 23 Mar, 2024
- Founders Devendra Kumar Sharma, Aditya Sharma, Pooja Dubey
- Stage Minicorn
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Sectors
TelecommunicationsMedia & 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 Turnip Media Private Limited
- Date of Incorporation 13 Apr, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$397.8 K (USD)509.03as on Mar 31, 2023
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Net Profit
-$3.06 M (USD)-89.52as on Mar 31, 2023
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EBITDA
-$3.25 M (USD)-47.21as on Mar 31, 2023
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Total Equity Funding
$14.73 M (USD)
in 3 rounds
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Latest Funding Round
$12.5 M (USD), Series A
Dec 22, 2021
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Investors
Angel List
& 30 more
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Employee Count
20
as on Mar 23, 2024
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Funding Insights of Turnip
Turnip has successfully raised a total of $14.73M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $12.5 million completed in December 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.
Investors in Turnip
Turnip has secured backing from 31 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and Mars Shot Ventures.
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Tech-enabled businesses are funded by Greenoaks venture capital firm.
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Elevation Capital is focused on early-stage tech investments in India.
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Venture capital firm focused on multiple sectors
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Investor details for Turnip
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Investments & Acquisitions by Turnip
Investment portfolio details for Turnip
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Financial Statements - Turnip
Detailed financials for Turnip
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Turnip Comparisons
Peer comparison for Turnip
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Competitors of Turnip
Turnip 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 Twitch, EloElo, Tango, GroupMe and StreamElements, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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ESports social video streaming platform
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Live social entertainment is facilitated via an app-based platform.
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Live-streaming platform for user connections and content monetization is provided.
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Provider of group messaging application
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Monetization and engagement tools for live streaming are provided.
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Provider of tools to record and live stream mixed reality content
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Detailed competitors of Turnip
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Latest news on Turnip
Complete news archive for Turnip
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Frequently Asked Questions about Turnip
Turnip was founded in 2020.
Turnip is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Turnip is a funded company, having raised a total of $14.73M across 3 funding rounds to date.
As of Mar 23, 2024, the latest employee count at Turnip is 20.
Annual revenue of Turnip is $397.8K as on Mar 31, 2023.
Turnip was founded in 2020 in Bengaluru, India, as a platform for live streaming mobile games. Streams are directed by users to YouTube and Facebook, with support for overlays, UPI donation links, in-stream video chat, and video effects. The Android application enables these operations within the gaming and streaming sector. Access is provided through the domain turnip.gg.
Turnip has 31 investors. Key investors include Angel List, Wellfound, Mars Shot Ventures, Digilet, and Greenoaks.
The valuation of Turnip is $51.27M as of Dec 2021.