About MagicSpace
MagicSpace is a Real Estate & Construction company based in Udaipur (India) founded in 2016, and was acquired by The India Network in September 2016. Co-working space provider. The company was acqui-hired. Its focus areas include Real Estate and Construction Tech, Commercial Real Estate Tech, CoWorking and Managed. Its legal entity in India is Magic Space Designs Private Limited (U74999KL2018PTC052756). Its competitors include BHIVE Workspace, IndiQube and DevX; 3 of its 3 listed competitors have raised funding.
Company details
MagicSpace was founded in 2016 in Udaipur, India, as a provider of co-working facilities for startups in Tier II and Tier III cities. Operations focus on shared workspaces to support emerging businesses in these regions. The first center was established in Udaipur. The company was later acquired by The India Network for an undisclosed amount.
- Headquarters Udaipur, India
- Stage Acquired
- SectorsReal Estate & Construction
- Website magicspace.work
- Social Facebook
- Acquired by The India Network (Sep 2016)
- Legal Name Magic Space Designs Private Limited
- Date of Incorporation 04 Apr, 2018
- Jurisdiction Kakkanad, Kerala, India
- Investors
- Acquired byThe India Network
(Sep 2016)
Associated legal entities of MagicSpace
MagicSpace operates through Magic Space Designs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magic Space Designs Private Limited CIN U74999KL2018PTC052756 | Active | 04 Apr 2018 | Kakkanad, Kerala | 2 | View details |
Investors in MagicSpace
MagicSpace has secured backing from 1 investor. Prominent investors backing the company include The India Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A network dedicated to entrepreneurship and startup support in India. | 2016 | theindianetwork.in | Delhi, India |
Investor details for MagicSpace
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 Magic Space Designs Private Limited (MagicSpace)
Magic Space Designs Private Limited is the primary company behind MagicSpace. The board of Magic Space Designs Private Limited currently have 2 directors; the longest-serving is Anulal Vettiolickal Vijayan, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anulal Vettiolickal Vijayan DIN 08102610 | Director | 04 Apr 2018 | 8 yrs 6 mo | Magic Space Designs Private Limited |
| Sreejith Chandrasekharan DIN 07151887 | Director | 04 Apr 2018 | 8 yrs 6 mo | Magic Space Designs Private Limited |
Timeline of MagicSpace
2 dated milestones of MagicSpace, from founding to its latest funding, stage changes and deals.
- Founded MagicSpace is founded.
- Exit Acquired by The India Network.
Competitors of MagicSpace
MagicSpace has 3 listed competitors in our database, 3 of them funded. They include BHIVE Workspace, IndiQube and DevX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bhiveworkspace.com | 2014 | Bengaluru, India | $3.09M | 322 | Flexible workspace solutions, including coworking and managed offices, are offered. | |
| indiqube.com | 2015 | Bengaluru, India | $44.96M | 2,190 | Flexible workspace solutions are provided for enterprises, startups, and SMBs. | |
| devx.work | 2017 | Ahmedabad, India | $16.16M | 79 | Managed office spaces and coworking environments are provided for businesses. |
Detailed competitors of MagicSpace
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Real Estate Technology Platforms
3 companies that operate in the same segment as MagicSpace (Real Estate Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Online platform for buying, renting, and selling residential and commercial properties | 2012 | Gurugram, Haryana, India | USD 146.45 M | USD 25.52 M | 1,188 | |
A platform for residential property buying is facilitated by PropTiger. | 2011 | Gurugram, Haryana, India | USD 99 M |
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Frequently Asked Questions about MagicSpace
MagicSpace was founded in 2016.
MagicSpace is headquartered in Udaipur, India. It is registered at Udaipur, Rajasthan, India.
MagicSpace was founded in 2016 in Udaipur, India, as a provider of co-working facilities for startups in Tier II and Tier III cities. Operations focus on shared workspaces to support emerging businesses in these regions. The first center was established in Udaipur. The company was later acquired by The India Network for an undisclosed amount.
MagicSpace's top competitors include IndiQube, DevX and BHIVE Workspace.
MagicSpace has 1 investor. Key investors include The India Network.
MagicSpace operates through Magic Space Designs Private Limited.
Yes. MagicSpace was acquired by The India Network in September 2016.
The legal entities of MagicSpace currently have 2 directors, including Anulal Vettiolickal Vijayan, Sreejith Chandrasekharan.