Suptheapp Pte. Ltd.

Suptheapp Pte. Ltd. is a mobile application company that enables real-time social interactions, allowing users to connect with nearby friends for spontaneous activities, thereby enhancing social engagement and connectivity. Founded in 2015 in Singapore, Suptheapp Pte.

Ltd. specializes in a mobile application that facilitates social interactions. The company raised USD 2. 49 mn in Seed funding on April 30, 2019, from investors including Bansea, Cocoon Ignite Ventures, DSG Consumer Partners, Expara, Muru Digital, and Surge.

This funding round valued the company at USD 14. 5 mn post-money. The company has completed a total of 1 deal to date. SUP is a mobile application designed to facilitate real-time social interactions, enabling users to connect with friends and acquaintances nearby for spontaneous activities such as dining, attending movies, or playing games.

The core functionality of the app is its ability to notify users about friends who are currently available, thus promoting an on-demand approach to social engagements. By streamlining the process of finding companionship in social scenarios, SUP addresses common challenges faced by individuals seeking social connections in a busy lifestyle. The application is available to users globally, with specific functionality that serves a diverse client base, including professionals looking to network, students seeking companionship after classes, and individuals wanting to enhance their social lives. SUP aims to foster a sense of community and interaction within existing social circles while also planning to introduce features that encourage connections with new people in the future.

In the most recent financial year of 2022, SUP generated revenue of USD 1,235,467. 70, although it reported an EBITDA of USD -345,107. 30. The company generates revenue through various monetization strategies, which may include subscription services or partnerships with businesses that align with its user base's interests.

Suptheapp Pte. Ltd. is focused on expanding its offerings and user base. The company plans to develop new features within the SUP app that will enhance user engagement and facilitate connections with new people.

The recent Seed funding of USD 2. 49 mn will be utilized to support these initiatives. The company is also exploring opportunities to expand its services into new geographic regions, which may include targeting additional urban markets by the end of 2023.