Hulugram
Hulugram is a technology company.
Financial History
Hulugram has raised $120K across 1 funding round.
Frequently Asked Questions
How much funding has Hulugram raised?
Hulugram has raised $120K in total across 1 funding round.
Hulugram is a technology company.
Hulugram has raised $120K across 1 funding round.
Hulugram has raised $120K in total across 1 funding round.
Hulugram is a Telegram-based super app developed for Ethiopian users, consolidating social networking, e-commerce, music streaming, payments, and more into a single platform to eliminate app-switching fragmentation.[1][2][3] It serves primarily young Ethiopians by leveraging Telegram's dominance in the market, offering features like stories, feeds, nearby people discovery, a marketplace with 7,500 merchants, peer-to-peer payments, ride-hailing, food delivery, and a planned mini-app store.[1][2][3] The app solves inefficiencies in digital interactions for its target audience, with strong growth momentum: over 1 million downloads via word-of-mouth after a soft launch with nearly 20,000 in 10 days, plus $100K+ in funding.[1][2][3]
Hulugram was founded by Leoul (CEO), Tabor, and Birhan—three young software engineering students from the Addis Ababa Institute of Technology in Ethiopia.[3] It emerged as a fun experiment modifying Telegram to improve usability, evolving into a full super app under Infinity Technologies.[2][3] Leoul previously led Unicorn Labs (a Swiss-based venture builder) and launched Room.et, Ethiopia's first hotel booking platform.[3] The name "Hulugram" combines "Hulu" (Amharic for "everything") with "Telegram," reflecting its vision as "*Telegram for everything*."[2] Early traction was rapid: a soft launch yielded close to 20,000 downloads in 10 days, exploding to over 1 million through organic spread.[2][3]
Hulugram rides the super app trend exemplified by WeChat in China, adapting it to Africa's emerging digital economies where mobile-first users demand consolidated services amid limited data and device storage.[1][3] Timing is ideal in Ethiopia, with Telegram's market lead enabling quick scale without building distribution from scratch, while rising smartphone penetration and youth demographics fuel demand for integrated social, commerce, and fintech.[2][3] Favorable forces include offline payment needs, local merchant growth, and partnerships for ride-hailing/food delivery, influencing Ethiopia's ecosystem by creating a mini-app platform that could onboard developers and challenge fragmented apps.[2][3] It pioneers "digital convergence" in a region shifting from basic messaging to full lifestyles, potentially expanding across Africa.[2][5]
Hulugram is poised to evolve from social/messaging hit to Africa's leading fintech super app, with mini-app store, expanded payments, and developer ecosystem driving monetization and retention.[2][3] Trends like mobile money boom, AI-enhanced translation/music, and ride/food integrations will shape it, especially as Ethiopia's digital infrastructure matures. Its influence may grow regionally, onboarding more merchants/developers and redefining "Telegram for everything" across the continent—starting as an experiment, now storming toward super app dominance.[2][3]
Hulugram has raised $120K in total across 1 funding round.
Hulugram's investors include Jedar Capital, Microtraction, Techstars.
Hulugram has raised $120K across 1 funding round. Most recently, it raised $120K Seed in August 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2023 | $120K Seed | Jedar Capital, Microtraction, Techstars |