About Mahindra Last Mile Mobility
Mahindra Last Mile Mobility is a company based in Mumbai (India) founded in 1994.. Mahindra Last Mile Mobility has raised $104.24 million across 3 funding rounds from investors including International Finance Corporation, Global Environment Fund and The India-Japan Fund. The company has 33,980 employees as of October 31, 2024. Mahindra Last Mile Mobility operates in a competitive market with competitors including Mahindra, Ford, Eicher Motors, Infraprime Logistics Technologies and Motovolt, among others.
- Headquarter Mumbai, India
- Employees 33980 as on 31 Oct, 2024
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Sectors
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
$17.06 B (USD)15as on Mar 31, 2024
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Net Profit
$1.35 B (USD)13as on Mar 31, 2024
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EBITDA
$3.27 B (USD)19as on Mar 31, 2024
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Total Equity Funding
$104.24 M (USD)
in 3 rounds
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Latest Funding Round
$48.15 M (USD), Series C
Jan 11, 2024
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Investors
International Finance Corporation
& 3 more
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Employee Count
33980
as on Oct 31, 2024
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Funding Insights of Mahindra Last Mile Mobility
Mahindra Last Mile Mobility has successfully raised a total of $104.24M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $48.15 million completed in January 2024. 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 3
- Last Round Series C — $48.2M
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First Round
First Round
(06 Dec 2006)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series C - Mahindra Last Mile Mobility | Valuation | The India-Japan Fund |
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| Oct, 2023 | Amount | Series B - Mahindra Last Mile Mobility | Valuation | IFC |
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| Dec, 2006 | Amount | Series A - Mahindra Last Mile Mobility | 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 Mahindra Last Mile Mobility
Mahindra Last Mile Mobility has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation, Global Environment Fund and The India-Japan Fund. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location | |
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Infrastructure fund focused on energy sector
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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 Mahindra Last Mile Mobility
| 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 - Mahindra Last Mile Mobility
| 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 |
Mahindra Last Mile Mobility Comparisons
Competitors of Mahindra Last Mile Mobility
Mahindra Last Mile Mobility 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 Mahindra, Ford, Eicher Motors, Infraprime Logistics Technologies and Motovolt, 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 |
Diversified operations span automotive, agriculture, and financial services.
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| domain | founded_year | HQ Location |
Automobiles and commercial vehicles are manufactured by Ford.
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| domain | founded_year | HQ Location |
Commercial vehicles and two-wheelers are manufactured by Eicher Motors.
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| domain | founded_year | HQ Location |
Electric heavy-duty trucks are developed for logistics and construction sectors.
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| domain | founded_year | HQ Location |
Electric bicycles with advanced features are developed by Motovolt.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Mahindra Last Mile Mobility
Frequently Asked Questions about Mahindra Last Mile Mobility
When was Mahindra Last Mile Mobility founded?
Mahindra Last Mile Mobility was founded in 1994 and raised its 1st funding round 12 years after it was founded.
Where is Mahindra Last Mile Mobility located?
Mahindra Last Mile Mobility is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Mahindra Last Mile Mobility?
Suman Mishra is the current CEO of Mahindra Last Mile Mobility.
Is Mahindra Last Mile Mobility a funded company?
Mahindra Last Mile Mobility is a funded company, having raised a total of $104.24M across 3 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Dec 06, 2006.
How many employees does Mahindra Last Mile Mobility have?
As of Oct 31, 2024, the latest employee count at Mahindra Last Mile Mobility is 33,980.
What is the annual revenue of Mahindra Last Mile Mobility?
Annual revenue of Mahindra Last Mile Mobility is $17.06B as on Mar 31, 2024.
What does Mahindra Last Mile Mobility do?
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 4 wheelers, passenger, and cargo vehicles. It offers a diverse range of three four wheelers, including Treo Series, e-Alfa, Zor Grand,Treo Yaari, Alfa DX Duo, Alfa DX, Treo Zor, Jeeto Plus Petrol, Jeeto Strong Diesel CNG, and Mahindra Zeo.
Who are the top competitors of Mahindra Last Mile Mobility?
Mahindra Last Mile Mobility's top competitors include Mahindra, Tata Motors and Ford.
Who are Mahindra Last Mile Mobility's investors?
Mahindra Last Mile Mobility has 4 investors. Key investors include International Finance Corporation, Global Environment Fund, The India-Japan Fund, and DFJ.