Closed



42 Company |

42 Company is an international team based in New Delhi, Lahore, and Seoul. We launched Slide, a mobile lock screen contents/reward app in India and Pakistan. Now we’re expanding to Dubai alliancing with Etisalat, the #1 telecom operator in MENA regions.

  • Business
  • South Korea
  • Founded 2015

Raising $ 1,000,000

Investment



Closed

         

The Goal

42 Company wants to help people to read, engage content on their lockscreen and get rewarded.
Funding will be used to build and grow Slide business in UAE.



Background

• Our product has been successfully operated in India and Pakistan for two years with 7 million users. Now we are extending to MENA (The Middle East and North Africa) regions.

• We recently made a strategic alliance with Etisalat, #1 telecommunication company in MENA, to launch Slide in UAE first on Dec 1st, 2017 (and in other MENA countries later).

• Etisalat will promote Slide to its users and we will share advertising revenues.

Pre-money Valuation

N/A

Pitch Deck

Current View

Founding Story

After exiting our previous startup to Kakao in early 2014, we kept looking for new venture opportunities in global markets. After witnessing fast growth in smartphone penetration in India and Paksitan, we wanted to bring proven mobile business models from South Korea, where we had experienced similar growth before. Fortunately, one of our friends introduced co-founder candidates from India and Pakistan, who all had much experiences in local advertising businesses. Together, we co-founded a new startup called 42 company in late 2015.

Company Description

Team in Korea is composed of 8 software engineers and 2 product designers. Most of us have been together since university and co-founded a previous startup which developed two mobile apps over 1M user base in Korea, ending up being acquired by Kakao in 2014.

Our co-founders in India and Pakistan are veteran in local advertising/mobile industry. They bring advertisers to Slide and are also responsible for user acquisitions and operations.

Products & Services


Slide UAE |

Slide UAE helps people to read, engage content on their lockscreen and get rewarded.

SlideApp allows users to access the interesting content of their choice while also earning rewards every time they swipe to access.

Each time a user wakes up the phone, a full-screen content or advertisement is displayed instead of the default lock screen. The users then have the option to swipe right to go to their home screen or swipe left to access the content displayed. Every left swipe is an opportunity to view the content which is either interesting local content or commercial content on brands to earn rewards in the form of free recharge for now. Every swipe is a reward, an opportunity to earn and learn!




Slide - Earn Free Recharge! |

No.1 App for lock screen, Free Recharge and more rewards. Get paid to read!

SlideApp allows users to access the interesting content of their choice while also earning rewards every time they swipe to access.

Each time a user wakes up the phone, a full-screen content or advertisement is displayed instead of the default lock screen. The users then have the option to swipe right to go to their home screen or swipe left to access the content displayed. Every left swipe is an opportunity to view the content which is either interesting local content or commercial content on brands to earn rewards in the form of free recharge for now. Every swipe is a reward, an opportunity to earn and learn!





Featured Team

Name Bio Contact
Sungwon Lee Sungwon is CEO of 42 Company. After graduating from Seoul National University, he cofounded Ultra Caption Corp. Ultra Caption Corp was acquired by Kakao in early 2014, while he was CEO of the company. After a year, Sungwon cofounded 42 Company with the same team to start the new venture in India and Pakistan.

Message


Funding

| Total Funding Amount: $4.5 million

KRW 4.2 billion ($ 3.9 million) | October 2016 | Series A

Investor Name Description Country
Songhyun Investment South Korea
Kbridge Hydro power plant + long span concrete bridge South Korea
Seoul Investment Partners South Korea
Mega Investment South Korea
Midasdong-a Investment South Korea
KDB REQUIRES ROOT ACCESSAlso supports systemless rootTurn on hidden the DoubleTap2Wake (DT2W) feature on your Huawei Nexus 6P without having to flash a custom kernel or ROM!DoubleTap2Wake lets you turn on your device's screen by simply double tapping it. No need to touch a single button or access the fingerprint sensor.NOTE: This app was developed only for the Huawei Nexus 6P, and does NOT support other devices.• Ultra-simple, clean Material UI• Automatically set DT2W on boot since Android resets it by default on rebooting. Requires in-app purchase (PRO)• Option to disable notification on boot• Works on all ROMs and kernels. No need to flash anything!WARNING: Turning on DT2W can lead to increased battery drain, extent of which is unknown as of yet. Please use with caution.Send your feedback to the developer at PlayDevKDB@gmail.com· "Nexus" is a registered trademark of Google Inc.


KRW 700.0 million ($ 646,950) | December 2015 | Seed

Investor Name Description Country
Bon Angels



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