About Mahyco
Mahyco is a company based in Jalna (India) founded in 1991.. Mahyco has raised $29.27 million across 3 funding rounds from investors including International Finance Corporation, Almet Healthcare and John Fowler Ocular Lenses. The company has 888 employees as of April 07, 2024. Mahyco offers products and services including Hybrid Seeds, Open Pollinated Seeds, and Vegetable Crops Seeds. Mahyco operates in a competitive market with competitors including Corteva Agriscience, Syngenta, Nuziveedu Seeds, NAPIGEN and Protealis, among others.
- Headquarter Jalna, India
- Employees 888 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
Agriculture
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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 Mahyco Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$207.14 M (USD)23.27as on Mar 31, 2023
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Net Profit
$16.09 M (USD)221.55as on Mar 31, 2023
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EBITDA
$12.98 M (USD)37.43as on Mar 31, 2023
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Total Equity Funding
$29.27 M (USD)
in 3 rounds
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Latest Funding Round
$26 M (USD), Series B
Oct 04, 2019
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Investors
International Finance Corporation
& 7 more
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Employee Count
888
as on Apr 07, 2024
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Products & Services of Mahyco
Mahyco offers a comprehensive portfolio of products and services, including Hybrid Seeds, Open Pollinated Seeds, and Vegetable Crops Seeds. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-quality seeds for enhanced crop yield and resistance
Traditional seeds for diverse farming applications
Seeds designed for vegetable production and market needs
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Software Development Team
15 people
Research Team
12 people
Product Management Team
11 people
Associate Team
10 people
Regional Team
5 people
Leadership Team
4 people
Human Resources and Administration
3 people
Finance and Accounting
3 people
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Funding Insights of Mahyco
Mahyco has successfully raised a total of $29.27M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $26 million completed in October 2019. 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 B — $26.0M
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First Round
First Round
(20 Sep 2011)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series B - Mahyco | Valuation | IFC |
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| Oct, 2015 | Amount | Series A - Mahyco | Valuation |
investors |
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| Sep, 2011 | Amount | Series A - Mahyco | Valuation | Almet Healthcare |
| 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 Mahyco
Mahyco has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include International Finance Corporation, Almet Healthcare and John Fowler Ocular Lenses. 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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Healthcare marketing services are provided to clients by Almet Healthcare.
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Founded Year | Domain | Location | |
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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 Mahyco
| 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 - Mahyco
| 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 |
Mahyco Comparisons
Competitors of Mahyco
Mahyco 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 Corteva Agriscience, Syngenta, Nuziveedu Seeds, NAPIGEN and Protealis, 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 |
Manufacturer and supplier of agricultural farm inputs
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| domain | founded_year | HQ Location |
Crop protection solutions and hybrid seeds are provided for farming.
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| domain | founded_year | HQ Location |
Improved crop varieties and hybrids are developed and marketed.
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| domain | founded_year | HQ Location |
Hybrid crop plants are developed using genome engineering techniques.
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| domain | founded_year | HQ Location |
Hybrid field crop seeds are supplied to farmers.
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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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Latest news on Mahyco
Frequently Asked Questions about Mahyco
When was Mahyco founded?
Mahyco was founded in 1991 and raised its 1st funding round 20 years after it was founded.
Where is Mahyco located?
Mahyco is headquartered in Jalna, India. It is registered at Jalna, Maharashtra, India.
Who is the current CEO of Mahyco?
Sandeep Harsh is the current CEO of Mahyco.
Is Mahyco a funded company?
Mahyco is a funded company, having raised a total of $29.27M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.02M, raised on Sep 20, 2011.
How many employees does Mahyco have?
As of Apr 07, 2024, the latest employee count at Mahyco is 888.
What is the annual revenue of Mahyco?
Annual revenue of Mahyco is $207.14M as on Mar 31, 2023.
What does Mahyco do?
Mahyco was established in 1991 in Jalna, India, within the agriculture sector. Hybrid and open-pollinated seeds are developed and supplied for row crops including castor, cotton, maize, mustard, and millet, as well as vegetables such as brinjal, beetroot, cucumber, gourds, radish, and tomato. Operations encompass research, production, processing, and marketing of these seeds. An app-based advisory platform is maintained to support users in the field.
Who are the top competitors of Mahyco?
Mahyco's top competitors include Syngenta, Corteva Agriscience and Nuziveedu Seeds.
What products or services does Mahyco offer?
Mahyco offers Hybrid Seeds, Open Pollinated Seeds, and Vegetable Crops Seeds.
Who are Mahyco's investors?
Mahyco has 8 investors. Key investors include International Finance Corporation, Almet Healthcare, John Fowler Ocular Lenses, Sushama Barwale, and Shirish Rajendra Barwale.
What is Mahyco's valuation?
The valuation of Mahyco is $15.34M as of Sep 2011.
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