Sim Sim - About the company
Sim Sim is an acqui-hired company based in Delhi (India), founded in 2018 by Amit Bagaria, Saurabh Vashishtha and Kunal Suri. It operates as an App-based platform enabling short video shopping solution. Sim Sim has raised $17.6M in funding from investors like Accel, Shunwei Capital and Good Capital, with last known valuation of ₹*****. The company has 166 active competitors, including 45 funded and 10 that have exited. Its top competitors include companies like Whatnot, Reebonz and Flip.
Company Details
Sim Sim is an app-based platform enabling short video shopping solutions. It allows users to discover products, shop via videos & more. It offers clothing, beauty products, home & kitchen products, electronics, and more. The company offers mobile applications for Android and iOS platforms.
- Website
- simsim.in
- Email ID
- *****@simsim.in
- Registered Address
- 5th Floor, DLF Centre, Block 124 Narindra Place, Sansad Marg, New Delhi, New Delhi, Delhi, India, 110001
Key Metrics
Founded Year
2018
Location
Delhi, India
Stage
Acqui-Hired
Total Funding
$17.6M in 4 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Mar 25, 2021
Ranked
15th among 166 active competitors
Employee Count
51 - 200 as on Jul 01, 2024
Legal entities associated with Sim Sim
Sim Sim is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SZS TECH PRIVATE LIMITED CIN: U74999DL2018PTC339542 , India, Active | Sep 27, 2018 | $531K (As on Mar 31, 2024) | 73 (As on Aug 31, 2021) |
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Sim Sim's funding and investors
Sim Sim has raised a total funding of $17.6M over 4 rounds. Its first funding round was on Mar 28, 2019. Its latest funding round was a Series B round on Mar 25, 2021 for $*****. 5 investors participated in its latest round. Sim Sim has 9 institutional investors and 22 angel investors.
Here is the list of recent funding rounds of Sim Sim:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 25, 2021 | 7326473 | Series B | 4675307 | 9511980 | 2257951 | 2793362 |
Feb 10, 2020 | 5607817 | Series B | 9817922 | 2869421 | 3286271 | |
Nov 14, 2019 | 1365698 | Series A | 8352431 | 3412754 |
View details of Sim Sim's funding rounds and investors
Sim Sim's founders and board of directors
Founder? Claim ProfileHere are the details of Sim Sim's key team members:
- Amit Bagaria: Co-Founder of Sim Sim and founder of 1 other company. They are also an angel investor in 6 startups and serve on the board of 1 company.
- Saurabh Vashishtha: Co-Founder of Sim Sim and founder of 1 other company. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Kunal Suri: Co-Founder of Sim Sim and founder of 1 other company. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
Sim Sim's Board of Directors
Sim Sim's board has 3 active members. Amit Bagaria, Saurabh Vashishtha and Kunal Suri are part of team.Here is the list of Sim Sim's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 1m | |
Team | - | Current | 7y 1m | |
Team | - | Current | 7y 1m |
View details of Sim Sim's Founder profiles and Board Members
Sim Sim's employee count trend
Sim Sim has 51 - 200 employees as of Jul 24. Here is Sim Sim's employee count trend over the years:
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Sim Sim's Competitors and alternates
Top competitors of Sim Sim include Whatnot, Reebonz and Flip. Here is the list of Top 10 competitors of Sim Sim, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Whatnot 2019, Marina Del Rey (United States), Series F | App based platform offering collectibles through live videos | $975M | 73/100 | |
2nd | Online retailer offering influencer-recommended multi-category fashion products | $64M | 71/100 | ||
3rd | Flip 2019, El Segundo (United States), Deadpooled | App-based video commerce platform for buying and selling multi-category products | $236M | 63/100 | |
4th | Online retailer of makeup, skincare, and personal care products | $5.35M | 59/100 | ||
5th | LiveAuctioneers 2002, New York City (United States), Acquired | Live Auctions platform | $47.6M | 58/100 | |
6th | NTWRK 2010, Los Angeles (United States), Series B | Online platform for live video-based shopping | $60M | 54/100 | |
7th | Online conversational commerce platform for wedding style recommendations | $3.81M | 53/100 | ||
8th | Online video-enabled marketplace | $4.9M | 53/100 | ||
9th | TILT 2018, London (United Kingdom), Series A | App-based live streaming platform offering multi-category fashion products | $21M | 52/100 | |
10th | talkShopLive 2018, West Hollywood (United States), Seed | Online live streaming platform for multi-category products | $10.5M | 52/100 | |
15th | App-based platform enabling short video shopping solution | $17.6M | 46/100 |
Looking for more details on Sim Sim's competitors? Click here to see the top ones
Sim Sim's Investments and acquisitions
Sim Sim has made no investments or acquisitions yet.
Reports related to Sim Sim
Here is the latest report on Sim Sim's sector:
News related to Sim Sim
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YouTube To Shut Indian Short Video Shopping App Simsim Less Than Two of Its AcquisitionLatestly•Mar 24, 2023•YouTube, Sim Sim
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YouTube acquires Indian social commerce startup SimsimBHARTI ENTERPRISES (HOLDING) PRIVATE LIMITED•Jul 23, 2021•YouTube, Sim Sim
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Simsim’s $8 Million Series B FundraiseGlobal Legal Chronicle•May 11, 2020•Rajaram Legal, INDUSLAW, Accel, Sim Sim and 1 other
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Indian Social Commerce Site Simsim Raises $16MPYMNTS.com•Feb 14, 2020•Sim Sim, Accel, Shunwei Capital, Good Capital
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Accel, Shunwei Capital lead Series A funding in video commerce app SimSimVCCircle•Nov 14, 2019•Sim Sim, Accel, Shunwei Capital, Good Capital Investment Group
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