About IMGC
IMGC is a company based in Noida (India) founded in 2012. IMGC has raised $25.13 million across 1 funding round from investors including Sagen. The company has 214 employees as of April 05, 2024. IMGC offers products and services including Mortgage Guarantee Service and Lender Partner Benefits. IMGC operates in a competitive market with competitors including LoanSnap, Kiavi, MT Finance, One Savings Bank and Certain Lending, among others.
- Headquarter Noida, India
- Employees 214 as on 05 Apr, 2024
- Stage Minicorn
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Sectors
Financial Services
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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 India Mortgage Guarantee Corporation Private Limited
- Date of Incorporation 13 Sep, 2006
- Jurisdiction Delhi, India
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Annual Revenue
$7.94 M (USD)40.08as on Mar 31, 2023
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Net Profit
$407.82 K (USD)126.5as on Mar 31, 2023
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EBITDA
$935.24 K (USD)189.67as on Mar 31, 2023
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Total Equity Funding
$25.13 M (USD)
in 1 rounds
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Latest Funding Round
$25.13 M (USD), Seed
Apr 28, 2022
- Investors
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Employee Count
214
as on Apr 05, 2024
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Products & Services of IMGC
IMGC offers a comprehensive portfolio of products and services, including Mortgage Guarantee Service and Lender Partner Benefits.
Provides guarantees for home loans to reduce lender credit risk
Offers tools and processes for lenders to enhance loan eligibility
People of IMGC
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Funding Insights of IMGC
IMGC has successfully raised a total of $25.13M through 1 strategic funding round. The most recent funding activity was a Seed round of $25.13 million completed in April 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.
Investors in IMGC
IMGC has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sagen.
| Investor | Description | Founded Year | Domain | Location |
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Mortgage insurance is provided to Canadian lenders and borrowers.
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Investor details for IMGC
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Investments & Acquisitions by IMGC
Investment portfolio details for IMGC
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Financial Statements - IMGC
Detailed financials for IMGC
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Imgc Comparisons
Peer comparison for IMGC
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Competitors of IMGC
IMGC 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 LoanSnap, Kiavi, MT Finance, One Savings Bank and Certain Lending, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online marketplace for residential & commercial mortgage loans
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Residential and commercial mortgages are connected via an online marketplace.
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Diversified lending NBFI
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Provider of an online marketplace for mortgage loans
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Online P2P platform for real estate lending is facilitated.
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Provider of home financial services
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Detailed competitors of IMGC
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Latest news on Imgc
Complete news archive for IMGC
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Frequently Asked Questions about IMGC
IMGC was founded in 2012 and raised its 1st funding round 10 years after it was founded.
IMGC is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Mahesh Misra is the current CEO of IMGC.
IMGC is a funded company, having raised a total of $25.13M across 1 funding round to date.
As of Apr 05, 2024, the latest employee count at IMGC is 214.
Annual revenue of IMGC is $7.94M as on Mar 31, 2023.
IMGC was founded in 2012 in Noida, India, within the financial services sector focused on mortgage guarantees. Risk mitigation is offered to lenders via first loss default coverage, enabling access to untapped markets and segments. Credit and collateral assessments are performed using AI and machine learning tools. Industry best practices are shared with lender partners to support operational improvements.
IMGC's top competitors include LoanSnap, Kiavi and MT Finance.
IMGC offers Mortgage Guarantee Service and Lender Partner Benefits.
IMGC has 1 investor. Key investors include Sagen.
The valuation of IMGC is $78.85M as of Apr 2022.