About Magenta BI
Magenta BI is a Technology company based in Ahmedabad (India) founded in 2018. Business analytics tool for sales, inventory, and payment reports in enterprises. It operates on a SaaS and B2B model. Magenta BI has raised $165.4 thousand across 2 funding rounds from investors including Clohub, Ghanshyam Toshniwal and Manoj Agrawal. The company has 1 employees. Magenta BI was last valued at $1.28 million in October 2021. Its Indian entity Magenta Connect Private Limited reported revenue of ₹82.4 Lakh. Magenta BI offers products and services including Magenta Insights Software, Mobile App, and Web Dashboard. Its focus areas include FinTech, Investment Tech, Financial Databases and Private Company Data.
Company details
Magenta Insights is a software platform that offers automated reporting and analytics for trading, distribution, and manufacturing businesses. It integrates with ERPs like Tally and SAP to deliver real-time insights into sales, inventory, payments, and customer data. The tool features customizable dashboards and mobile apps for easy access, helping users make data-driven decisions. Based in Ahmedabad, India, it serves various industries including food and electronics, with over 2000 clients worldwide.
- Headquarters Ahmedabad, India
- Employees 1
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website magentabi.com
- Social LinkedIn X Facebook
- Legal Name Magenta Connect Private Limited
- Date of Incorporation 31 Aug, 2018
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹82.4 Lakh
FY 2024 · +41% YoY
- Net Loss-₹1.65 Cr
FY 2024 · -201% margin
- EBITDA-₹1.47 Cr
FY 2024 · -178% margin
- Total Equity Funding$165.4K (USD)
in 2 rounds
- Latest Funding Round$53.58K (USD), Angel Round
Oct 2021
- InvestorsClohub
& 23 more
- Employee Count1
Associated legal entities of Magenta BI
Magenta BI operates through Magenta Connect 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 |
|---|---|---|---|---|---|---|---|
| Magenta Connect Private Limited CIN U72900GJ2018PTC103799 | Active | 31 Aug 2018 | Ahmedabad, Gujarat | ₹0.8 Cr | 1 | 2 | View details |
Products & Services of Magenta BI
Magenta BI offers a comprehensive portfolio of products and services, including Magenta Insights Software, Mobile App, and Web Dashboard.
Software for generating business reports and insights
App for accessing analytics on mobile devices
Platform for real-time business data visualization
Funding Insights of Magenta BI
Magenta BI has successfully raised a total of $165.4K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $53.58 thousand completed in October 2021. 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 $165,396
- Total Rounds 2
- Last Round Angel Round — $53,580
- First Round $111,816
(Oct 2020)
- Investors Count 24
All 2 funding rounds of Magenta BI 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 |
|---|---|---|---|---|---|
| Oct 2021 | $53,580 | Angel Round | $1.28M | Ketan Doshi, Tanmay Das | |
| Oct 2020 | $111,816 | Seed | $781,012 | Manoj Agrawal, IIMA Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $1.28M | •••••••• |
Last known valuation $1.28M (Oct 2021). 24 investors in total: 3 institutional and 21 angel.
Investors in Magenta BI
Magenta BI has secured backing from 24 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Clohub, Ghanshyam Toshniwal and Manoj Agrawal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech startups are supported via venture capital and acceleration. | iimaventures.com | Ahmedabad, India | ||
Delivers comprehensive lead generation, data solutions, and customer support services for businesses. | 2019 | clohubit.com | Udaipur, India | |
Non-metallic mineral products are manufactured in Jaipur, India. | Jaipur, India | |||
GT Ghanshyam Toshniwal | unknown_d5e641ed764a4a069 | |||
MA Manoj Agrawal | Co-founder of Sea6 Energy, active angel investor in agritech and sustainability. | unknown_009bb09ab46946008 | ||
KD Ketan Doshi | unknown_bc3c7916cd59406ca | |||
DP Dinesh Pratap Singh Rathore | Angel investor and entrepreneur, focusing on tech startups in India. | unknown_99e1c81efb1e4344a | ||
TD Tanmay Das | unknown_715cfef63b1d44568 | |||
AA Ankur Agrawal | unknown_ea700d1e14f04ac28 | |||
DM Dipti Mundhra | unknown_f3feb099d9ca4e65b |
Investor details for Magenta BI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Magenta Connect Private Limited (Magenta BI)
Magenta Connect Private Limited is the primary company behind Magenta BI. The board of Magenta Connect Private Limited currently have 2 directors; the longest-serving is Mundhra Vikas, appointed in 2018. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mundhra Vikas DIN 08211783 | Director | 31 Aug 2018 | 8 yrs 2 mo | Magenta Connect Private Limited |
| Vikalp Somani DIN 08757302 | Director | 10 Jun 2020 | 6 yrs 4 mo | Magenta Connect Private Limited |
Financials of Magenta BI
Figures of Magenta Connect Private Limited, the primary company behind Magenta BI, for FY 2024. Revenue was ₹82.4 Lakh (+41% year on year). Net loss was -₹1.65 Cr (-201% margin). EBITDA was -₹1.47 Cr (-178% margin). Revenue has grown at a compounded annual rate of +128% over three years and +117% over five years.
- ₹82.4 LakhRevenue · FY 2024 · +41% YoY
- -₹1.65 CrNet loss · -201% margin
- -₹1.47 CrEBITDA · -178% margin
- ₹10.6 LakhPaid-up capital
- 1Employees (provident fund records)
- +128%Revenue CAGR, 3 years
- +117%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magenta Connect Private Limited are on its company page.
Detailed financial statements for Magenta BI
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 Magenta BI
4 dated milestones of Magenta BI across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Magenta BI is founded.
- Funding First funding round of $112K.
- Funding Latest funding round, Angel Round, of $54K.
- Milestone Reaches Minicorn status.
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Magenta BI (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Magenta Bi
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Frequently Asked Questions about Magenta BI
Magenta BI was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Magenta BI is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Magenta BI is a funded company, having raised a total of $165.4K across 2 funding rounds to date. The company's 1st funding round was a Seed of $111.82K, raised on Oct 2020.
Magenta BI has 1 employees.
The primary company behind Magenta BI, Magenta Connect Private Limited, reported revenue of ₹82.4 Lakh for FY 2024, up 41% year on year.
Magenta Insights is a software platform that offers automated reporting and analytics for trading, distribution, and manufacturing businesses. It integrates with ERPs like Tally and SAP to deliver real-time insights into sales, inventory, payments, and customer data. The tool features customizable dashboards and mobile apps for easy access, helping users make data-driven decisions. Based in Ahmedabad, India, it serves various industries including food and electronics, with over 2000 clients worldwide.
Magenta BI offers Magenta Insights Software, Mobile App, and Web Dashboard.
Magenta BI has 24 investors. Key investors include Clohub, Ghanshyam Toshniwal, Manoj Agrawal, Ketan Doshi, and Dinesh Pratap Singh Rathore.
The valuation of Magenta BI is $1.28M as of Oct 2021.
Magenta BI operates through Magenta Connect Private Limited.
The legal entities of Magenta BI currently have 2 directors, including Mundhra Vikas, Vikalp Somani.