Vinay Singhal was recently seen at Shark Tank India and presently he is 32 years old in 2023, know more about the co-founder of WittyFeed and his net worth
Vinay Singhal along with 2 more creative minds, Shashank Vaishnav and Parveen Singhal started their journey of WittyFeed on the 17th of November in 2014.
Who is Vinay Singhal co-founder and CEO of WittyFeed and The Stage, his age, education and net worth
Vinay Singhal professional career and education
Vinay Singhal, the co-founder and CEO of WittyFeed has contributed greatly to the success of the company. They were a team of a total of 25 people initially who worked 24/7 with an aim of making the website on the top. Currently, they are having a team of more than 65+ people on board.
Vinay Singhal completed his study at SRM University while he did his graduation in compute engineering along with his partner Shashank, while Parveen is a BSC graduate in System Management. Their idea of working together as partners came to their minds during their engineering days. It’s due to their contribution and hard work that they have come a long way together.
WittyFeed is a platform where young people, aspiring, and struggling writers come ahead for expressing their thoughts, creativity, and the ability to write without any kind of hesitation. The platform fulfills the dream of those writers who wish to be recognized through writing work, media, and videos. They try to do something similar to YouTube in the terms of content display.
Vinay along with his partners established this site for those people who love to read real-time and imaginary stories, which left unnoticed or left untouched by the mainstream media.
Vinay Singhal’s company WittyFeed
Vinay along with his partners has faced several obstacles, various challenges, and failures in the terms of launching websites.
The slogan of the WittyFeed itself releases a fresh air of motivation as it ‘Express and Explore Beautiful Stories’. The company during its startup itself won the ‘Fastest Growing Company in IT Sector’ award by All India Achiever’s Foundation based in Bangkok.
In an interaction with YourStory, Vinay revealed that by the end of 2016, the website had recorded 120 million unique month-on-month users but on November 26, 2018, the team woke up to a nightmare after the company was banned from Facebook due to the Cambridge Analytica scandal and the company flouting the social media platform’s guidelines with the company having a yearly revenue of Rs.42 crore at the time.
In 2019 Vinay, Shashank, and Praveen set out to build a Netflix for Bharat—STAGE, an artist and dialect-based OTT platform for Indians and is backed by the likes of Vijay Shekhar Sharma, Ritesh Malik, Blume Ventures, Venture Catalysts, and Inflection Point Ventures.
Vinay Singhal’s net worth
While his net worth isn’t known, WittyFeed claimed its margins were at 10-15% with the company having registered an annual revenue of Rs.42 crore before it was shut down.
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