There is a new app in town challenging Instagram’s supremacy in picture business. The app going by name Flipagaram, it is a mixture of videos, photos, text and a new thing which is 60 second snippets of hit songs.
Farhad Mohit the creator of the app went from facing overnight problems to investor’s selection. Developed in home of Farhad, the app is now riding waves by catching attention of some of the biggest investing firms like Sequoia, Kleiner Perkins Caufield & buyers and Index Ventures, all of whom have combined an investment of $70 million.
Forbes reported that the app is still in the top ten of photo and video apps by iOS downloads in the U.S., and the number of Flips made in the app rose 165% from the third quarter of 2014 to the same period this year. They further reported that this summer, Moritz and John Doerr of Kleiner Perkins joined Flipagram’s board, the first time the two VCs have shared a board since Google.
“The [music labels] really believe that Flipagram will be a major media creation and sharing company on the order of a Twitter or more,” says Doerr. “Farhad is visionary.”
Flipagaram looks to be the next gargantuan social network after the rise of Facebook, Instagram, and Twitter.
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