About Magnasoft
Magnasoft is a company based in Bengaluru (India) founded in 2000 by Bobbie H Kalra and Kush Siddharth Desai.. Magnasoft has raised $155.23 thousand across 2 funding rounds from investors including GTV Inc. and Veerappa Gangaiah Siddhartha Hegde. Magnasoft operates in a competitive market with competitors including TomTom, HighwayDelite, Tele Atlas, Inpixon and NAVITEL, among others.
- Headquarter Bengaluru, India
- Founders Bobbie H Kalra, Kush Siddharth Desai
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingTechnology Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$155.23 K (USD)
in 2 rounds
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Latest Funding Round
$155.23 K (USD), Unspecified
Sep 30, 2014
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Investors
GTV Inc.
& 1 more
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Employee Count
Employee Count
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Funding Insights of Magnasoft
Magnasoft has successfully raised a total of $155.23K across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $155.23 thousand completed in September 2014. 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 2
- Last Round Unspecified — $155,226
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Unspecified - Magnasoft | Valuation | Global Technology Ventures |
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| Jun, 2000 | Amount | Unspecified - Magnasoft | Valuation |
investors |
| 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 Magnasoft
Magnasoft has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include GTV Inc. and Veerappa Gangaiah Siddhartha Hegde. 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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3D printing and scanning services are provided to industrial clients.
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Founded Year | Domain | Location | |
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VG
Veerappa Gangaiah Siddhartha Hegde |
Founder of Cafe Coffee Day, prominent Indian angel investor
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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 Magnasoft
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Magnasoft
| 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 |
Magnasoft Comparisons
Competitors of Magnasoft
Magnasoft 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 TomTom, HighwayDelite, Tele Atlas, Inpixon and NAVITEL, 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 |
SaaS-based navigation and location mapping solutions are developed.
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| domain | founded_year | HQ Location |
Provider of an app-based location tracking platform
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| domain | founded_year | HQ Location |
Digital maps and real-time traffic data are supplied globally.
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| domain | founded_year | HQ Location |
Provider of sensor fusion systems for visual data analytics and mapping solutions
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| domain | founded_year | HQ Location |
Navigation solution provider for connected cars
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| domain | founded_year | HQ Location |
GPS-enabled real-time tracking for fleets, devices, and users is offered.
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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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Frequently Asked Questions about Magnasoft
When was Magnasoft founded?
Magnasoft was founded in 2000.
Where is Magnasoft located?
Magnasoft is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Magnasoft a funded company?
Magnasoft is a funded company, having raised a total of $155.23K across 2 funding rounds to date.
What does Magnasoft do?
Magnasoft was founded in 2000 and is headquartered in Bengaluru, India. Operations center on technology solutions for smart wearables, mobile devices, IoT, and cloud services within the information technology sector. Key products include Northstar, which provides child safety features such as bus tracking, surveillance, and student attendance management. Magnasoft EDS supports building information modeling, enterprise GIS, automated mapping, asset management, and emergency response systems. Magnasoft Spatial addresses spatial data applications.
Who are the top competitors of Magnasoft?
Magnasoft's top competitors include TomTom, HighwayDelite and TrackNOW.
Who are Magnasoft's investors?
Magnasoft has 2 investors. Key investors include GTV Inc., and Veerappa Gangaiah Siddhartha Hegde.
What is Magnasoft's valuation?
The valuation of Magnasoft is $1.41M as of Sep 2014.