About MagTapp
MagTapp is a company based in Mumbai (India) founded in 2018 by Satyapal Chandra.. MagTapp has raised $1.05 million across 4 funding rounds from investors including Mayur Jayantilal Gala, Niral Chetan Ail and Hasmukh Damji Gala. MagTapp operates in a competitive market with competitors including Brave, Mozilla, Opera, Phoenix Browser and UCWeb, among others.
- Headquarter Mumbai, India
- Founders Satyapal Chandra
- Stage Minicorn
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Sectors
Technology
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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 Magtapp Technologies Private Limited
- Date of Incorporation 20 Feb, 2019
- Jurisdiction Goregaon West, Maharashtra, India
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Annual Revenue
$5.8 K (USD)-10.61as on Mar 31, 2023
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Net Profit
$-454.93 K (USD)-38.77as on Mar 31, 2023
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EBITDA
$-441.56 K (USD)-38.84as on Mar 31, 2023
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Total Equity Funding
$1.05 M (USD)
in 4 rounds
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Latest Funding Round
$121.17 K (USD), Seed
Aug 27, 2023
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Investors
& 3 more
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Employee Count
Employee Count
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Funding Insights of MagTapp
MagTapp has successfully raised a total of $1.05M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $121.17 thousand completed in August 2023. 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 4
- Last Round Seed — $121,173
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First Round
First Round
(22 Aug 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Seed - MagTapp | Valuation |
investors |
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| May, 2022 | Amount | Angel Round - MagTapp | Valuation | Niral Chetan Ail | |
| Dec, 2020 | Amount | Angel Round - MagTapp | Valuation | Hasmukh Damji Gala |
| 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 MagTapp
MagTapp has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Mayur Jayantilal Gala, Niral Chetan Ail and Hasmukh Damji Gala. 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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MJ
Mayur Jayantilal Gala |
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Founded Year | Domain | Location |
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NC
Niral Chetan Ail |
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Founded Year | Domain | Location |
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HD
Hasmukh Damji Gala |
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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 MagTapp
| 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 - MagTapp
| 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 |
Magtapp Comparisons
Competitors of MagTapp
MagTapp 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 Brave, Mozilla, Opera, Phoenix Browser and UCWeb, 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 |
A privacy-focused web browser for consumers is provided.
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| domain | founded_year | HQ Location |
Provider of a generic web-browser app
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| domain | founded_year | HQ Location |
Generic web browsers for consumers are provided by Opera.
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| domain | founded_year | HQ Location |
Generic web browsers with adblocking and multi-tab features are provided.
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| domain | founded_year | HQ Location |
Mobile internet browser software is provided by UCWeb.
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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 MagTapp
When was MagTapp founded?
MagTapp was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is MagTapp located?
MagTapp is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of MagTapp?
Satyapal Chandra is the current CEO of MagTapp. They have also founded this company.
Is MagTapp a funded company?
MagTapp is a funded company, having raised a total of $1.05M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $509.84K, raised on Aug 22, 2019.
What is the annual revenue of MagTapp?
Annual revenue of MagTapp is $5.8K as on Mar 31, 2023.
What does MagTapp do?
MagTapp was founded in 2018 in Mumbai, India, as a software provider in the edtech sector. A visual app is offered that functions as both a dictionary and web browser, enabling users to read, annotate, sign, highlight, underline, edit, and share PDF files and documents. An inbuilt visual dictionary is included to display contents with visual meanings, supporting document management operations across digital platforms.
Who are MagTapp's investors?
MagTapp has 4 investors. Key investors include Mayur Jayantilal Gala, Niral Chetan Ail, Hasmukh Damji Gala, and Meenakshi Gangwani.
What is MagTapp's valuation?
The valuation of MagTapp is $10.02M as of May 2022.
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