About JadeMagnet
JadeMagnet was a Media & Entertainment company based in Bengaluru (India) founded in 2009. Facilitates crowdsourcing platforms for innovative marketing creative solutions. It operates on a B2B model. JadeMagnet has raised $99.23 thousand across 1 funding round from investors including Eric Papcun. JadeMagnet was last valued at $2 million in April 2011. Its chief executive, as recorded, is Sitashwa Srivastava. Its Indian entity Jade Magnet Online Private Limited reported revenue of ₹1.22 Cr. The company is recorded as dissolved. Its focus areas include Marketing and Advertising, Crowdsourcing, Creative Services and Marketing Creatives.
Company details
JadeMagnet operates with a B2B model, focusing on marketing and advertising, crowdsourcing, creative services, and marketing creatives. Facilitates crowdsourcing platforms for innovative marketing creative solutions. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Stage Minicorn
- SectorsMedia & Entertainment
- Website jademagnet.com
- Social X Facebook
- Legal Name Jade Magnet Online Private Limited
- Date of Incorporation 06 Oct, 2009
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.22 Cr
FY 2013 · +6% YoY
- Net Loss-₹17.6 Lakh
FY 2013 · -14% margin
- EBITDA-₹14.1 Lakh
FY 2013 · -12% margin
- Total Equity Funding$99.23K (USD)
in 1 rounds
- Latest Funding Round$99.23K (USD), Angel Round
Apr 2011
Associated legal entities of JadeMagnet
JadeMagnet operates through Jade Magnet Online Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2013) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Jade Magnet Online Private Limited CIN U74999KA2009PTC051105 | Strike Off | 06 Oct 2009 | Bangalore, Karnataka | ₹1.2 Cr | 2 | View details |
Funding Insights of JadeMagnet
JadeMagnet has successfully raised a total of $99.23K through 1 strategic funding round. The most recent funding activity was a Angel Round of $99.23 thousand completed in April 2011. 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 $99,234
- Total Rounds 1
- Last Round Angel Round — $99,234
- First Round $99,234
(Apr 2011)
- Investors Count 1
All 1 funding rounds of JadeMagnet 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 |
|---|---|---|---|---|---|
| Apr 2011 | $99,234 | Angel Round | $2M | Eric Papcun | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2011 | $2M | •••••••• |
Last known valuation $2M (Apr 2011). 1 investors in total: 0 institutional and 1 angel.
Investors in JadeMagnet
JadeMagnet has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Eric Papcun.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
EP Eric Papcun | unknown_cc1873be5cbd4a409 |
Investor details for JadeMagnet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Jade Magnet Online Private Limited (JadeMagnet)
Jade Magnet Online Private Limited is the primary company behind JadeMagnet. The board of Jade Magnet Online Private Limited currently have 2 directors; the longest-serving is Sitashwa Srivastava, appointed in 2009. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sitashwa Srivastava DIN 02746837 | Director | 06 Oct 2009 | 17 yrs 1 mo | Jade Magnet Online Private Limited |
| Manik Kinra DIN 02990484 | Director | 04 Mar 2015 | 11 yrs 8 mo | Jade Magnet Online Private Limited |
People of JadeMagnet
2 people are tracked at JadeMagnet (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-founder, CEO | Leadership | |
| Co-founder, CMO | Leadership |
Complete people profiles for JadeMagnet
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of JadeMagnet
Figures of Jade Magnet Online Private Limited, the primary company behind JadeMagnet, for FY 2013. Revenue was ₹1.22 Cr (+6% year on year). Net loss was -₹17.6 Lakh (-14% margin). EBITDA was -₹14.1 Lakh (-12% margin).
- ₹1.22 CrRevenue · FY 2013 · +6% YoY
- -₹17.6 LakhNet loss · -14% margin
- -₹14.1 LakhEBITDA · -12% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Jade Magnet Online Private Limited are on its company page.
Detailed financial statements for JadeMagnet
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 JadeMagnet
3 dated milestones of JadeMagnet across 2 years, from founding to its latest funding, stage changes and deals.
- Founded JadeMagnet is founded.
- Funding First funding round of $99K.
- Milestone Reaches Minicorn status.
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Frequently Asked Questions about JadeMagnet
JadeMagnet was founded in 2009 and raised its 1st funding round 2 years after it was founded.
JadeMagnet is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sitashwa Srivastava is the CEO of JadeMagnet, as recorded in our data.
JadeMagnet is a funded company, having raised a total of $99.23K across 1 funding round to date. The company's 1st funding round was a Angel Round of $99.23K, raised on Apr 2011.
The primary company behind JadeMagnet, Jade Magnet Online Private Limited, reported revenue of ₹1.22 Cr for FY 2013, up 6% year on year.
JadeMagnet operates with a B2B model, focusing on marketing and advertising, crowdsourcing, creative services, and marketing creatives. Facilitates crowdsourcing platforms for innovative marketing creative solutions. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
JadeMagnet has 1 investor. Key investors include Eric Papcun.
The valuation of JadeMagnet is $2M as of Apr 2011.
JadeMagnet operates through Jade Magnet Online Private Limited.
The legal entities of JadeMagnet currently have 2 directors, including Manik Kinra, Sitashwa Srivastava.