Company Details
VMate
Unit No. 3, 2, Augusta Point, Sector 53, Gurgaon, Haryana, 122002, India
Overview
Vmate is a social video app launched in 2016 that began as a video streaming and short-video-sharing service. Over time it added features such as video downloads and 3-dimensional face emojis to broaden use cases. The app has amassed about 30 million users globally. Vmate is owned by UC Web, a subsidiary of Alibaba Group. Alibaba is investing $100 million into Vmate to scale the business in India. The investment is part of Alibaba’s broader push to compete with ByteDance, Google and Disney in India’s growing video market.
- Total raised
- $100M
- Funding rounds
- 1
- Latest round
- Equity
- Latest activity
- May 2019
Industries
- Apps
- Media and Entertainment
- Social Media
- Video
- Video Streaming
Recent funding
Equity
May 2019
$100M
Team
Cheng Daofang
CEO