About Algomage
Algomage is a company based in Mumbai (India) founded in 2021 by Anand Rathi.. Algomage has raised $1.35 million across 2 funding rounds from investors including Flipkart, Dotin and Samyakth Capital. The company has 17 employees as of April 08, 2024. Algomage offers products and services including AI Post-Production Tool. Algomage operates in a competitive market with competitors including Imagen, CyberLink, Corel, DxO and Modyfi, among others.
- Headquarter Mumbai, India
- Employees 17 as on 08 Apr, 2024
- Founders Anand Rathi
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Picsniff Media Private Limited
- Date of Incorporation 17 Jun, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.35 M (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Seed
Aug 09, 2023
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Investors
Flipkart
& 27 more
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Employee Count
17
as on Apr 08, 2024
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Products & Services of Algomage
Algomage offers a comprehensive portfolio of products and services, including AI Post-Production Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI solution for streamlining post-production in photography and events.
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Funding Insights of Algomage
Algomage has successfully raised a total of $1.35M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $500,000
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First Round
First Round
(10 Jan 2022)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Seed - Algomage | Valuation | Flipkart | |
| Jan, 2022 | Amount | Seed - Algomage | Valuation | Dotin , Anurag Barmecha |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Algomage
Algomage has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Flipkart, Dotin and Samyakth Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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E-commerce startup acceleration and innovation programs focused on technology and partnerships in India.
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Founded Year | Domain | Location | |
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Private equity firm backed by single family office
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed-stage investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Algomage
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Algomage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algomage Comparisons
Competitors of Algomage
Algomage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Imagen, CyberLink, Corel, DxO and Modyfi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-enabled software is used for photo editing by subscribers.
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| domain | founded_year | HQ Location |
Post-production software solutions are provided for media industry editing.
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| domain | founded_year | HQ Location |
Graphics, painting, photo, video, and office software is provided.
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| domain | founded_year | HQ Location |
Photo editing software is provided for image correction and enhancement.
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| domain | founded_year | HQ Location |
AI-powered image editor platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Algomage
Frequently Asked Questions about Algomage
When was Algomage founded?
Algomage was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Algomage located?
Algomage is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Algomage?
Anand Rathi is the current CEO of Algomage. They have also founded this company.
Is Algomage a funded company?
Algomage is a funded company, having raised a total of $1.35M across 2 funding rounds to date. The company's 1st funding round was a Seed of $850K, raised on Jan 10, 2022.
How many employees does Algomage have?
As of Apr 08, 2024, the latest employee count at Algomage is 17.
What does Algomage do?
Algomage was founded in 2021 and is headquartered in Mumbai, India. AI-driven tools are provided by the company to automate and streamline post-production workflows in the photography sector. Services target individual photographers for efficient image processing and enterprises for improved event management. Operations focus on enhancing productivity through technology integration across global markets.
Who are the top competitors of Algomage?
What products or services does Algomage offer?
Algomage offers AI Post-Production Tool.
Who are Algomage's investors?
Algomage has 28 investors. Key investors include Flipkart, Dotin, Samyakth Capital, PitchRight Ventures, and Flipkart Leap.
What is Algomage's valuation?
The valuation of Algomage is $4.51M as of Jan 2022.
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