About Avagmah
Avagmah is a company based in Bengaluru (India) founded in 2013 by Meena Ganesh, Ganesh Krishnan, and Vikalp Jain was acquired by GetMyUni in June 2020.. Avagmah has raised $4.49 million across 3 funding rounds from investors including GetMyUni, Capital 18 and Ranjan Pai. The company has 13 employees as of April 01, 2024. Avagmah operates in a competitive market with competitors including Everspring, Knewton, HotChalk, AcuLearn and CourseSmart, among others.
- Headquarter Bengaluru, India
- Employees 13 as on 01 Apr, 2024
- Founders Meena Ganesh, Ganesh Krishnan, Vikalp Jain
- Stage Minicorn
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aeon Learning Private Limited
- Date of Incorporation 26 Aug, 2013
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$1.26 K (USD)-93.96as on Mar 31, 2022
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Net Profit
$-6.47 K (USD)99.84as on Mar 31, 2022
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EBITDA
$-7.12 K (USD)89.71as on Mar 31, 2022
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Total Equity Funding
$4.49 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
GetMyUni
& 11 more
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Employee Count
13
as on Apr 01, 2024
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Acquired by
GetMyUni
(Jun 18, 2020)
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Funding Insights of Avagmah
Avagmah has successfully raised a total of $4.49M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(07 Oct 2014)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Angel Round - Avagmah | Valuation | Ranjan Pai |
|
| Mar, 2016 | Amount | Angel Round - Avagmah | Valuation | Kris Gopalakrishnan | |
| Oct, 2014 | Amount | Series A - Avagmah | Valuation | Srihari Kumar |
| 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 Avagmah
Avagmah has secured backing from 12 investors, including angel and venture fund investors. Prominent investors backing the company include GetMyUni, Capital 18 and Ranjan Pai. 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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Wealth is managed by LionRock Capital as a family office.
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Founded Year | Domain | Location | |
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Early-stage tech-focused VC firm investing in geographies such as India
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Founded Year | Domain | Location | |
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RP
Ranjan Pai |
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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 Avagmah
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - Avagmah
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avagmah Comparisons
Competitors of Avagmah
Avagmah 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 Everspring, Knewton, HotChalk, AcuLearn and CourseSmart, 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 |
Virtual classroom platform is provided for universities' online courses.
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| domain | founded_year | HQ Location |
Adaptive learning technology is supplied to educational institutions.
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| domain | founded_year | HQ Location |
Provides online degree programs in partnership with universities.
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| domain | founded_year | HQ Location |
Delivers comprehensive educational resources and solutions for online learning platforms.
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| domain | founded_year | HQ Location |
Digital educational materials are distributed by connecting publishers to consumers.
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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 Avagmah
Frequently Asked Questions about Avagmah
When was Avagmah founded?
Avagmah was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Avagmah located?
Avagmah is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Avagmah a funded company?
Avagmah is a funded company, having raised a total of $4.49M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.02M, raised on Oct 07, 2014.
How many employees does Avagmah have?
As of Apr 01, 2024, the latest employee count at Avagmah is 13.
What is the annual revenue of Avagmah?
Annual revenue of Avagmah is $1.26K as on Mar 31, 2022.
What does Avagmah do?
Avagmah was established in 2013 in Bengaluru, India, within the education sector. Distance learning MBA certification programs are offered to working professionals through virtual classroom sessions, a certified learning management system, and dedicated support services. The platform is accessed by individuals employed at organizations including Flipkart, Deloitte, and Infosys. Operations focus on flexible online education tailored to professional schedules.
Who are the top competitors of Avagmah?
Avagmah's top competitors include Everspring, Knewton and CourseSmart.
Who are Avagmah's investors?
Avagmah has 12 investors. Key investors include GetMyUni, Capital 18, Ranjan Pai, Kris Gopalakrishnan, and Atul Nishar.
What is Avagmah's valuation?
The valuation of Avagmah is $13.57M as of Dec 2017.