About Mandae
Mandae is a company based in Sao Paulo (Brazil) founded in 2013 was acquired by Nuvemshop in October 2021.. Mandae has raised $13.8 million across 6 funding rounds from investors including MercadoLibre, Nuvemshop and International Finance Corporation. Mandae operates in a competitive market with competitors including Shippo, Anchanto, Unicommerce, Shipup and FlixStock, among others.
- Headquarter Sao Paulo, Brazil
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Sectors
Transportation, Automotive & LogisticsRetail
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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
$13.8 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
MercadoLibre
& 12 more
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Employee Count
Employee Count
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Acquired by
Nuvemshop
(Oct 01, 2021)
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Funding Insights of Mandae
Mandae has successfully raised a total of $13.8M across 6 strategic funding rounds. 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 6
- Last Round Last Round
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First Round
First Round
(07 Apr 2014)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series B - Mandae | Valuation |
investors |
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| May, 2018 | Amount | Series B - Mandae | Valuation | IFC | |
| Jan, 2018 | Amount | Series A - Mandae | Valuation | IFC |
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| 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 Mandae
Mandae has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include MercadoLibre, Nuvemshop and International Finance Corporation. 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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VC firm investing in seed and early stage companies in the US, UK, Israel, and parts of Asia
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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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 Mandae
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Mandae
| 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 |
Mandae Comparisons
Competitors of Mandae
Mandae 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 Shippo, Anchanto, Unicommerce, Shipup and FlixStock, 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 |
Web-based shipping solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce and logistics operations are delivered.
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| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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| domain | founded_year | HQ Location |
Parcel tracking platform is offered for online retailers.
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| domain | founded_year | HQ Location |
AI-based 3D models and images are generated for fashion retailers.
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| domain | founded_year | HQ Location |
Cloud-enabled asset-light fulfillment services are provided for e-commerce and retail.
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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 Mandae
Frequently Asked Questions about Mandae
When was Mandae founded?
Mandae was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Mandae located?
Mandae is headquartered in Sao Paulo, Brazil.
Is Mandae a funded company?
Mandae is a funded company, having raised a total of $13.8M across 6 funding rounds to date. The company's 1st funding round was a Series A of $2.5M, raised on Apr 07, 2014.
What does Mandae do?
Mandae provides an AI web-enabled shipping platform for e-tailers. The platform enables users to book, manage track services as well as receive analytics. The company collects the parcels from the customers distribution centers and selects the carrier based on real-time conditions (algorithm-driven). The company also offers custom packaging options, volume-based discounts, and provides real-time delivery notifications to their end customers. Provides APIs to integrate the platform with existingthird-party systems to import order details. Clients include Spicy, sumup, Petiko, and more.
Who are the top competitors of Mandae?
Who are Mandae's investors?
Mandae has 13 investors. Key investors include MercadoLibre, Nuvemshop, International Finance Corporation, United Parcel Service, and FJ Labs.