Bombinate Technologies Pvt. Ltd.
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Bombinate Technologies Pvt. Ltd. - overview
Location
Bangalore, Karnataka, India
Primary Industry
Internet
About
Founded in 2020 by Mayank Bidawatka and Aprameya Radhakrishnan and based in Karnataka, India, Bombinate Technologies Pvt. Ltd. operates as the developer of Koo, a mobile application that offers knowledge sharing services for its users in 13 local languages – like Twitter for Indian languages. The company has 45 employees to date.
In February 2021, the company raised USD 4. 1 million in Series A funding led by 3one4Capital Advisors, with participation from Dream Incubator. Accel, Blume Ventures, and Kalaari Capital also participated in the round. In August 2021, the company won the AatmaNirbhar App Innovation Challenge held by the Government of India.
The koo mobile application is built for Indians to share their views in their mother tongue language and have discussions. Users can sign up on this platform and share their opinions and updates, discuss any topic or opinion. Users can also follow Bollywood artists, journalists, politicians, cricketers, actors/actresses, activists, and other interesting people. The company plans to use the capital raised in Series A round to enhance technological infrastructure and increase its marketing efforts to gain more users for the app.
The company also plans on hiring 15 more people in 2021.
Current Investors
Accel, Blume Ventures, NuVentures
Primary Industry
Internet
Sub Industries
Web Applications, Social Networking & Communication Platform, Digital Media
Website
www.kooapp.com
Verticals
Mobile Apps
Total Amount Raised
Subscriber access only
Bombinate Technologies Pvt. Ltd. - timeline of key events
Bombinate Technologies Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - |
| EBITDA (USD) | (7,880,889) | (38,328,656) | (54,451,019) | (113,005,729) | (127,411,811) | - | - | - |
| Operating Income (USD) | (7,982,373) | (41,982,143) | (61,376,664) | (120,714,049) | (134,005,367) | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - |
| NET Income (USD) | (7,927,510) | (37,025,477) | (61,338,654) | (108,456,676) | (121,774,473) | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - |
Bombinate Technologies Pvt. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Stock Purchase | Completed | Bombinate Technologies Pvt. Ltd. | - |
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Bombinate Technologies Pvt. Ltd. - employee data
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