Sourcebits - About the company
Sourcebits is an acquired company based in Bengaluru (India), founded in 2006 by Rohit Singal. It operates as a Mobile app development company. Sourcebits has raised $10M in funding from Sequoia Capital and Chiratae Ventures. The company has 59331 active competitors, including 413 funded and 1259 that have exited. Its top competitors include companies like GirnarSOFT, Hedgehog lab and Guidde.
Company Details
Sourcebits is a San Francisco-based app development firm with expertise in creating custom mobile, MVP, web, and cloud solutions for startups and enterprises. Provides end to end app development services like strategy, design, development, marketing and analytics. Clients include GE, SAP, Intel, MIT, P&G, Hershey’s, and Coca-Cola, as well as emerging technology companies such as Knocking, Peel, TwitPic, CloudOn, Posterous, and Sling Media. Offices across North America, Europe and India. Has built 600+ mobile projects. Acquired by publicly-listed enterprise mobility company, Globo in June 2014 - will continue to operate under its own brand.
- Website
- sourcebits.com
- Social
- Email ID
- *****@sourcebits.com
- Registered Address
- #170-172, PHASE 2, EPIP, WHITEFIELD, Bangalore, BANGALORE, Karnataka, India, 560066
Legal entities associated with Sourcebits
Sourcebits is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SOURCEBITS TECHNOLOGIES PRIVATE LIMITED CIN: U72200KA2006PTC039143 , India, Active | Apr 27, 2006 | $807K (As on Mar 31, 2024) | 6 (As on Aug 01, 2025) |
Sourcebits's acquisition details
Sourcebits got acquired by Ascendum on Feb 15, 2017.
Click here to take a look at Sourcebits's acquisition in detail
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Sourcebits's funding and investors
Sourcebits has raised a total funding of $10M over 1 round. Its latest funding round was a Series A round on May 10, 2011 for $*****. 2 investors participated in its latest round. Sourcebits has 2 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Sourcebits:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 10, 2011 | 1834354 | Series A | 5239061 | 5048007 | 3901765 | 3294608 |
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Sourcebits' founders and board of directors
Founder? Claim ProfileThe founders of Sourcebits is Rohit Singal.
Here are the details of Sourcebits' key team members:
- Rohit Singal: Former Founder & CEO of Sourcebits and founder of 2 other companies, ChocolateChip-UI and Wandake. They are also an angel investor in 1 startup.
Sourcebits' Board of Directors
Sourcebits's board has 2 active members. Viral Vora and Velayudhan Krishnan Nair are independent board members.Here is the list of Sourcebits' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
qal{ypq | Team | - | Past | 4y 7m |
nclfebe | Independent board member | - | Past | 1y 7m |
llyyvtb | Independent board member | - | Past | 9y 4m |
fdhyaka | Independent board member | - | Past | 2y 8m |
nhyaahq | Independent board member | - | Past | 9y 6m |
szxhlke | Independent board member | - | Past | 1y 4m |
lflbmgo | Independent board member | - | Past | 1y 8m |
jayhhce | Independent board member | - | Past | 2y 4m |
cercstg | Independent board member | - | Past | 6y 1m |
hkfuxtc | Independent board member | - | Past | 1y 9m |
{xmswvd | Independent board member | - | Past | 9y 1m |
View details of Sourcebits's Founder profiles and Board Members
Sourcebits' employee count trend
Sourcebits has 95 employees as of Mar 26. Here is Sourcebits's employee count trend over the years:
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Sourcebits's Competitors and alternates
Top competitors of Sourcebits include GirnarSOFT, Hedgehog lab and Guidde. Here is the list of Top 10 competitors of Sourcebits, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | GirnarSOFT 2007, Jaipur (India), Series E | Provider of website, web & mobile application development, BI, and digital marketing services | $620M | 78/100 | |
2nd | Hedgehog lab 2007, Newcastle Upon Tyne (United Kingdom), Series A | Provider of mobile application development and UX design services | $9.49M | 60/100 | |
3rd |  Guidde 2020, Belmont (United States), Series B | Cloud-based platform for knowledge management | $80.6M | 60/100 | |
4th | Solutions for the development of mobile applications | $30.7M | 60/100 | ||
5th |  SUPER STUDIO 2014, Meguro City (Japan), Series A | Provider of software development and UI design services | $11.7M | 60/100 | |
6th | Opencast Software 2012, Newcastle Upon Tyne (United Kingdom), Unfunded | Software development, technology consultancy and staff augmentation services | - | - | 60/100 |
7th | AKQA 1994, Riyadh (Saudi Arabia), Acquired | Provider of digital marketing and creative services | $8.74M | 59/100 | |
8th | Provider of blockchain and software development services | - | - | 58/100 | |
9th |  Capital Numbers 2012, Kolkata (India), Public | Provider of application development and DevOps services | - | - | 57/100 |
10th | Limited information available | - | - | 56/100 | |
341st | Sourcebits 2006, Bengaluru (India), Acquired | Mobile app development company | $10M | 41/100 |
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Sourcebits's Investments and acquisitions
Sourcebits has made no investments or acquisitions yet.
News related to Sourcebits
•
Ascendum Acquires Sourcebits, a Sequoia and IDG backed Digital Innovation CompanyVora Ventures•Feb 15, 2017•Ascendum, Sourcebits
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