About AlmaBay
AlmaBay is an Education company based in Zirakpur (India) founded in 2015. Alumni engagement platform is operated for higher educational institutes. It operates in the Education and Media & Entertainment sectors. AlmaBay has raised $444.55 thousand across 2 funding rounds from investors including Bobby Kang. AlmaBay was last valued at $2.56 million in August 2022. Its Indian entity Alma Bay Networks Private Limited reported revenue of ₹2.43 Cr. AlmaBay offers products and services including Job Search Portal, Institute Directory, and Mentors Directory. Its focus areas include EdTech, Higher Education Tech, Student Communities and Alumni Networks.
Company details
Almabay provides an alumni engagement platform for educational institutes. The platform enables social and professional networking for students and alumni for mentorship, career guidance, and more. Users can interact with other alumni registered on the platform through social connect login. The company claims to have partnered with 300 institutes on the platform, including Faculty of Management Studies, Indian Institute of Finance, Indian Institute of Management Bangalore, and others. Users can access the platform via its Android app.
- Headquarters Zirakpur, India
- Stage Minicorn
- SectorsEducationMedia & Entertainment
- Email••••••••
- Phone•••• ••••
- Website almabay.com
- Social LinkedIn Facebook
- Legal Name Alma Bay Networks Private Limited
- Date of Incorporation 06 May, 2016
- Jurisdiction Zirakpur, Punjab, India
- Annual Revenue₹2.43 Cr
FY 2024 · +194% YoY
- Net Loss-₹2.77 Cr
FY 2024 · -114% margin
- EBITDA-₹2.72 Cr
FY 2024 · -112% margin
- Total Equity Funding$444.55K (USD)
in 2 rounds
- Latest Funding Round$256.16K (USD), Angel Round
Aug 2022
Associated legal entities of AlmaBay
AlmaBay operates through Alma Bay Networks Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Alma Bay Networks Private Limited CIN U74999PB2016PTC045283 | Active | 06 May 2016 | Zirakpur, Punjab | ₹2.4 Cr | 3 | View details |
Products & Services of AlmaBay
AlmaBay offers a comprehensive portfolio of products and services, including Job Search Portal, Institute Directory, and Mentors Directory.
Platform for alumni to browse and apply for job opportunities.
Service for searching and connecting with educational institutions.
Tool for engaging with mentors for professional guidance.
Funding Insights of AlmaBay
AlmaBay has successfully raised a total of $444.55K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $256.16 thousand completed in August 2022. 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 $444,554
- Total Rounds 2
- Last Round Angel Round — $256,156
- First Round $188,398
(Jan 2022)
- Investors Count 1
All 2 funding rounds of AlmaBay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2022 | $256,156 | Angel Round | $2.56M | – | |
| Jan 2022 | $188,398 | Angel Round | $1.23M | Bobby Kang | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2022 | $2.56M | •••••••• |
| Jan 2022 | $1.23M | •••••••• |
Last known valuation $2.56M (Aug 2022). 1 investors in total: 0 institutional and 1 angel.
Investors in AlmaBay
AlmaBay has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Bobby Kang.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
BK Bobby Kang | unknown_4798ecef12ec44a19 |
Investor details for AlmaBay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Alma Bay Networks Private Limited (AlmaBay)
Alma Bay Networks Private Limited is the primary company behind AlmaBay. The board of Alma Bay Networks Private Limited currently have 3 directors; the longest-serving is Vishal Sood, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vishal Sood DIN 00642599 | Director | 06 May 2016 | 10 yrs 6 mo | Alma Bay Networks Private Limited |
| Ashok Kumar Sood DIN 02189119 | Director | 06 May 2016 | 10 yrs 6 mo | Alma Bay Networks Private Limited |
| Harsimran Singh DIN 08291247 | Director | 03 Feb 2022 | 4 yrs 9 mo | Alma Bay Networks Private Limited |
Financials of AlmaBay
Figures of Alma Bay Networks Private Limited, the primary company behind AlmaBay, for FY 2024. Revenue was ₹2.43 Cr (+194% year on year). Net loss was -₹2.77 Cr (-114% margin). EBITDA was -₹2.72 Cr (-112% margin). Revenue has grown at a compounded annual rate of +120% over three years and +112% over five years.
- ₹2.43 CrRevenue · FY 2024 · +194% YoY
- -₹2.77 CrNet loss · -114% margin
- -₹2.72 CrEBITDA · -112% margin
- ₹1.4 LakhPaid-up capital
- +120%Revenue CAGR, 3 years
- +112%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Alma Bay Networks Private Limited are on its company page.
Detailed financial statements for AlmaBay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of AlmaBay
4 dated milestones of AlmaBay across 7 years, from founding to its latest funding, stage changes and deals.
- Founded AlmaBay is founded.
- Funding First funding round of $188K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $256K.
Web traffic of AlmaBay
The website of AlmaBay (almabay.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 5.9% vs previous month
Top companies in Education Technology Platforms
3 companies that operate in the same segment as AlmaBay (Education Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 275 M | USD 415.66 M | 15,046 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 138.68 M | |||
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.33 M | USD 45.8 M | 1,140 |
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Related news about Almabay
Complete news archive for AlmaBay
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Frequently Asked Questions about AlmaBay
AlmaBay was founded in 2015 and raised its 1st funding round 7 years after it was founded.
AlmaBay is headquartered in Zirakpur, India. It is registered at Zirakpur, Punjab, India.
AlmaBay is a funded company, having raised a total of $444.55K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $188.4K, raised on Jan 2022.
The primary company behind AlmaBay, Alma Bay Networks Private Limited, reported revenue of ₹2.43 Cr for FY 2024, up 194% year on year.
Almabay provides an alumni engagement platform for educational institutes. The platform enables social and professional networking for students and alumni for mentorship, career guidance, and more. Users can interact with other alumni registered on the platform through social connect login. The company claims to have partnered with 300 institutes on the platform, including Faculty of Management Studies, Indian Institute of Finance, Indian Institute of Management Bangalore, and others. Users can access the platform via its Android app.
AlmaBay offers Job Search Portal, Institute Directory, and Mentors Directory.
AlmaBay has 1 investor. Key investors include Bobby Kang.
The valuation of AlmaBay is $2.56M as of Aug 2022.
AlmaBay operates through Alma Bay Networks Private Limited.
The legal entities of AlmaBay currently have 3 directors, including Harsimran Singh, Vishal Sood, Ashok Kumar Sood.