Mango Technologies

Bengaluru, India Founded: 2006 • Age: 20 yrs Minicorn
Mobile and PC software applications are developed for connected devices.

About Mango Technologies

Mango Technologies is a Technology company based in Bengaluru (India) founded in 2006. Mobile and PC software applications are developed for connected devices. Mango Technologies has raised $100.69 thousand across 1 funding round from investors including Ojas Venture Partners, Rajesh Sharma and Ram Vijay Gandhe. Mango Technologies was last valued at $2.31 million in August 2008. Its Indian entity Mango Technologies Private Limited reported revenue of β‚Ή68.1 Lakh. Mango Technologies offers products and services including Mango Mobile Platform. Its focus areas include Business Services, IT Services, Application Development and Horizontal.

Company details

Mango Technologies is a developer of software for mobile phones and other connected devices. Mangos application framework could be ported onto mobile phones and it has also developed PC-based tools to develop applications and UI for the PC platform. Mango also creates cross-platform, cloud connected and content rich mobile applications. Qualcomm two of Mangos products- Mango Application Framework and Atelier in 2010. Mango was awarded NASSCOM Innovation Award for most innovative startup company in 2008, Top ten startup companies listed by Mint-WSJ, Most innovative product in South Asia by Manthan 2009 and most promising young entreprenuer by Business World in 2009.

Operational Areas
Key Metrics
  • Annual Revenue
    ₹68.1 Lakh

    FY 2024 · +88% YoY

  • Net Profit
    ₹5 Lakh

    FY 2024 · 7% margin

  • EBITDA
    ₹31.6 Lakh

    FY 2024 · 46% margin

  • Total Equity Funding
    $100.69K (USD)

    in 1 rounds

  • Latest Funding Round
    $100.69K (USD), Seed

    Aug 2008

  • Investors

Products & Services of Mango Technologies

Mango Technologies offers a comprehensive portfolio of products and services, including Mango Mobile Platform.

Mango Mobile Platform
Mobile Platform

Provides tools for consuming web services on mobile devices.

Funding Insights of Mango Technologies

Mango Technologies has successfully raised a total of $100.69K through 1 strategic funding round. The most recent funding activity was a Seed round of $100.69 thousand completed in August 2008. 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 $100,689
  • Total Rounds 1
  • Last Round Seed β€” $100,689
  • First Round $100,689

    (Aug 2008)

  • Investors Count 4

All 1 funding rounds of Mango Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Aug 2008$100,689Seed$2.31MOjas Venture Partners
Valuation history
DateValuationStage
Aug 2008$2.31Mβ€’β€’β€’β€’β€’β€’β€’β€’

Last known valuation $2.31M (Aug 2008). 4 investors in total: 1 institutional and 3 angel.

Investors in Mango Technologies

Mango Technologies has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Ojas Venture Partners, Rajesh Sharma and Ram Vijay Gandhe.

All
Venture Fund
Angel
InvestorDescriptionFounded YearDomainLocation
Early stage venture capital firm investing in India and US
2007ojasventures.comBengaluru, India

Rajesh Sharma

unknown_f1ad005864a44a6b9

Ram Vijay Gandhe

unknown_dccf43c249cd400fb

Anjana Vivek

unknown_3850079813cc4a0c9
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Investor details for Mango Technologies

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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Verified entity values are shown only after access is granted.

Board of directors of Mango Technologies Private Limited (Mango Technologies)

Mango Technologies Private Limited is the primary company behind Mango Technologies. The boards of the 2 registered companies of Mango Technologies currently have 3 directors; the longest-serving is Sunil Maheshwari, appointed in 2006.

DirectorDesignationAppointedTenureEntity
Sunil Maheshwari
DIN 00549079
Director21 Sep 200620 yrs 1 moMango Technologies Private Limited
Lekh Omprakash Joshi
DIN 00549104
Designated Partner13 Feb 20233 yrs 8 moSkandaveer Technologies Llp, Mango Technologies Private Limited
Deepti Lekh Joshi
DIN 10045657
Designated Partner13 Feb 20233 yrs 8 moSkandaveer Technologies Llp

Financials of Mango Technologies

Figures of Mango Technologies Private Limited, the primary company behind Mango Technologies, for FY 2024. Revenue was ₹68.1 Lakh (+88% year on year). Net profit was ₹5 Lakh (7% margin). EBITDA was ₹31.6 Lakh (46% margin). Revenue has grown at a compounded annual rate of -26% over three years and +6% over five years.

  • ₹68.1 LakhRevenue · FY 2024 · +88% YoY
  • ₹5 LakhNet profit · 7% margin
  • ₹31.6 LakhEBITDA · 46% margin
  • ₹2.3 LakhPaid-up capital
  • -26%Revenue CAGR, 3 years
  • +6%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Mango Technologies Private Limited are on its company page.

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Detailed financial statements for Mango Technologies

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Timeline of Mango Technologies

3 dated milestones of Mango Technologies across 2 years, from founding to its latest funding, stage changes and deals.

  1. Founded Mango Technologies is founded.
  2. Funding First funding round of $101K.
  3. Milestone Reaches Minicorn status.
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Related news about Mango Technologies

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Frequently Asked Questions about Mango Technologies

Mango Technologies was founded in 2006 and raised its 1st funding round 2 years after it was founded.

Mango Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Mango Technologies is a funded company, having raised a total of $100.69K across 1 funding round to date. The company's 1st funding round was a Seed of $100.69K, raised on Aug 2008.

The primary company behind Mango Technologies, Mango Technologies Private Limited, reported revenue of β‚Ή68.1 Lakh for FY 2024, up 88% year on year.

Mango Technologies is a developer of software for mobile phones and other connected devices. Mangos application framework could be ported onto mobile phones and it has also developed PC-based tools to develop applications and UI for the PC platform. Mango also creates cross-platform, cloud connected and content rich mobile applications. Qualcomm two of Mangos products- Mango Application Framework and Atelier in 2010. Mango was awarded NASSCOM Innovation Award for most innovative startup company in 2008, Top ten startup companies listed by Mint-WSJ, Most innovative product in South Asia by Manthan 2009 and most promising young entreprenuer by Business World in 2009.

Mango Technologies offers Mango Mobile Platform.

Mango Technologies has 4 investors. Key investors include Ojas Venture Partners, Rajesh Sharma, Ram Vijay Gandhe, and Anjana Vivek.

The valuation of Mango Technologies is $2.31M as of Aug 2008.

Mango Technologies is associated with 2 legal entities: Mango Technologies Private Limited, Skandaveer Technologies Llp.

The legal entities of Mango Technologies currently have 3 directors, including Lekh Omprakash Joshi, Deepti Lekh Joshi, Sunil Maheshwari.

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