Company Profile is an initiative by ListMyStartUp to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.
Social media has an unparalleled importance in everyone’s life. Through posting pictures and videos, people find a modernistic approach to expand their network and publicize themselves. It also paves the way for upcoming artists to expose their creations and gain followers.
One such application is VMate. It is a video creating app with numerous editing tools and features. It also ensures personalized video recommendations relative to our interests. Here is the complete information and attainments of VMate.
VMate - Company Highlights:
- Startup Name-VMate
- Sector- Video Streaming
- Headquarters-Gurgaon, Haryana
- Founded-2016
- Founder-Cheng Daofang
- Parent Organization-VMate Private Limited
- Website-www.vmate.com
- Contact-feedback@vmate.com
VMate – About
VMate is a short video app which was launched in September 2016 by UCWeb. It is one of Alibaba’s subsidiaries. VMate is a video sharing app that allows the users to watch a video online, download and share it on social media platforms such as WhatsApp, Facebook, Instagram, and others. This was founded by Cheng Daofang. Initially, it featured online movies but now it has shifted it to short videos created by the users. It uses various technologies such as Viewport Meta, iPhone and mobile compatible software including Google Analytics to support the application.
VMate – Features
The app is available in eleven different languages with customized editing tools, special effects, several face filters, stickers, songs and duet options. It has a huge collection of genres and artists from different fields such as Pop, Rock, Indie classic, Bollywood, Punjabi and Bhojpuri. VMate also provides the latest movie information through short videos and also gives updates on nearby shopping places, hotels, travel spots, clothes, food, and life hacks too.
Professionals use this as a marketing platform to develop and promote their business through advertising. It also has some reward features which provide gifts to several users every day. It helps to find and form a community of people with similar interests. The app is compatible with Android, iPhone, and Windows. Therefore, this serves as a fun-filled app that keeps people aware of the happenings around the world.
VMate – Name and Logo
The name ‘VMate’ depicts that the app happens to be more like a companion in creating and finding videos.
VMate – Growth and Revenue
VMate currently has around 30 Million users worldwide. The annual revenue of VMate is more than $1M. The app has been downloaded over 100 Million times on Play Store. VMate has met out the standards of the digital market and it marks itself in those few innovative projects invested by Alibaba Digital Media and Entertainment Business Group.
VMate – Funding and Investors
VMate had raised over $100M from the business giant Alibaba Digital Media and Entertainment Business Group, in May 2019. It happens to be the single corporate round of funding.
VMate – Business Model and Revenue Model
VMate uses a framework of attention-based business model. It also makes money through advertisements and engaging content through its vast feed, where content creators can monetize their generated content through the platform.
VMate – Competitors
TikTok, ShareChat, Helo, Kwai and Roposo are the major competitors of VMate. TikTok has more users and leads the video creation platform. VMate has been competing with all the similar leading applications and upholds itself with new accomplishments.
TikTok is the destination for mobile videos. On TikTok, short-form videos are exciting, spontaneous, and genuine. Whether you’re a sports fanatic, a pet enthusiast, or just looking for a laugh, there’s something for everyone on TikTok.
ShareChat provides platforms to join the best groups, WhatsApp Status, English Speaking, Pubg Gang, food lover group, Ask from Love Guru, General Knowledge & Current Affairs Students, Hindi Memes, Nature Lovers, Ramayan Ka Gyaata and thousands more groups with more than 25 crore users in 15 Indian Languages.
Helo is India's leading social media platform with 50,000,000 users
Now explore a world where you can create amazing content without being restricted by language barriers. The Helo app is a dedicated stage that empowers you to share your thoughts and ideas as a content creator and inspire people around you.
Kwai is the number one short video sharing app in the world. Not just a selfie video, with Kwai you can create awesome videos in everyday life. Complete videos using interesting features and music with Kwai editor. It supports most of devices in today’s market and consumes very low resources. You can use it anytime, anywhere and enjoy the multimedia in this application.
Roposo, is an Indian video-sharing social media platform, owned by Glance Digital Experience Pvt. Ltd having its registered office at Bengaluru, India. It is a platform where people express visually with homemade videos and photos.
VMate – Achievements
VMate was associated with India’s biggest dance reality show ‘Nach Baliye 9’. This association made a huge impact on the participants as they got a remarkable response from 2 Million VMate users.
VMate – Future Plans
The app tries to expand its user network by implementing accessibility in more languages, and also to bolster its reward challenges to keep the interaction alive.
