About Mantis Technologies
Mantis Technologies is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2007 by Aurvind Lama. Intelligent transport management solutions are provided for operators and travelers. Mantis Technologies has raised $2.69 million across 4 funding rounds from investors including Gujarat Venture Finance, Skm Mobility Services and CIIE. The company has 55 employees. Mantis Technologies was last valued at $13.02 million in May 2017. Its Indian entity Mantis Technologies Private Limited reported revenue of ₹87.8 Lakh. Its focus areas include Consumer, Road Transport Tech, Mass Transit and Enablers.
Company details
Mantis Technologies was founded in 2007 in Bengaluru, India, within the transportation technology sector. End-to-end solutions for intelligent transport management are offered, including trip scheduling, financial management, and human resources for bus operators. A centralized reservation system is provided for travel agents to handle ticket bookings. Travelers are supported through a dedicated ticket booking engine. Operations focus on streamlining transport processes across various stakeholders.
- Headquarters Bengaluru, India
- Employees 55
- Founders Aurvind Lama
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website mantistechnologies.com
- Legal Name Mantis Technologies Private Limited
- Date of Incorporation 20 Apr, 2007
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹87.8 Lakh
FY 2025 · +10% YoY
- Net Loss-₹39.6 Lakh
FY 2025 · -45% margin
- EBITDA-₹37.7 Lakh
FY 2025 · -43% margin
- Total Equity Funding$2.69M (USD)
in 4 rounds
- Latest Funding Round$70.1K (USD), Seed
May 2017
- InvestorsGujarat Venture Finance
& 2 more
- Employee Count55
Associated legal entities of Mantis Technologies
Mantis Technologies operates through Mantis Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mantis Technologies Private Limited CIN U72900GJ2007PTC050603 | Active | 20 Apr 2007 | Ahmedabad, Gujarat | ₹0.9 Cr | 55 | 2 | View details |
Funding Insights of Mantis Technologies
Mantis Technologies has successfully raised a total of $2.69M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $70.1 thousand completed in May 2017. 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 $2.69M
- Total Rounds 4
- Last Round Seed — $70,100
- First Round $441,600
(Feb 2011)
- Investors Count 3
All 4 funding rounds of Mantis Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2017 | $70,100 | Seed | $13.02M | Skm Mobility Services | – |
| Jan 2016 | $80,800 | Seed | $12.18M | Skm Mobility Services | – |
| Sep 2013 | $2.1M | Seed | $••••• | Gujarat Venture Finance | – |
| Feb 2011 | $441,600 | Seed | $••••• | CIIE |
| Date | Valuation | Stage |
|---|---|---|
| May 2017 | $13.02M | •••••••• |
| Jan 2016 | $12.18M | •••••••• |
| Sep 2013 | $••••• | •••••••• |
| Feb 2011 | $••••• | •••••••• |
Full valuation and stage history of Mantis Technologies
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $13.02M (May 2017). 3 investors in total: 3 institutional.
Investors in Mantis Technologies
Mantis Technologies has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Gujarat Venture Finance, Skm Mobility Services and CIIE.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | gvfl.com | Ahmedabad, India | |
Startup incubator | ciie.co | Ahmedabad, India |
Investor details for Mantis Technologies
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Board of directors of Mantis Technologies Private Limited (Mantis Technologies)
Mantis Technologies Private Limited is the primary company behind Mantis Technologies. The board of Mantis Technologies Private Limited currently have 2 directors; the longest-serving is Aurvind Lama, appointed in 2007. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aurvind Lama DIN 01415898 | Director | 20 Apr 2007 | 19 yrs 6 mo | Mantis Technologies Private Limited |
| Kalyan Shyam Deshpande DIN 08579592 | Director | 04 Sep 2020 | 6 yrs 2 mo | Mantis Technologies Private Limited |
People of Mantis Technologies
1 people are tracked at Mantis Technologies (1 in leadership); the tracked headcount is 55.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Mantis Technologies
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Financials of Mantis Technologies
Figures of Mantis Technologies Private Limited, the primary company behind Mantis Technologies, for FY 2025. Revenue was ₹87.8 Lakh (+10% year on year). Net loss was -₹39.6 Lakh (-45% margin). EBITDA was -₹37.7 Lakh (-43% margin). Revenue has grown at a compounded annual rate of -45% over three years and -51% over five years.
- ₹87.8 LakhRevenue · FY 2025 · +10% YoY
- -₹39.6 LakhNet loss · -45% margin
- -₹37.7 LakhEBITDA · -43% margin
- ₹14.65 CrPaid-up capital
- 55Employees (provident fund records)
- -45%Revenue CAGR, 3 years
- -51%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mantis Technologies Private Limited are on its company page.
Detailed financial statements for Mantis Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Mantis Technologies
4 dated milestones of Mantis Technologies across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Mantis Technologies is founded.
- Funding First funding round of $442K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $70K.
Web traffic of Mantis Technologies
The website of Mantis Technologies (mantistechnologies.com) receives about 4.7K visits a month.
- Monthly visits4.7K
▼ 52.4% vs previous month
Websites whose visitors overlap most with Mantis Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
in.yahoo.com | in.yahoo.com | 100% | – | ||
mantistech.com.au | mantistech.com.au | 26% | #9,771,262 | – |
Top companies in Smart Public Transport
3 companies that operate in the same segment as Mantis Technologies (Smart Public Transport) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based bus tracking and ticketing services are offered online. | 2014 | Mumbai, Maharashtra, India | USD 117.44 M | |||
Journey planning solutions are enabled through an app-based platform. | 2010 | Mumbai, Maharashtra, India | USD 8.26 M | USD 55.02 K | 84 | |
App-based platform offering real-time transit information and planning solutions | 2016 | Bengaluru, Karnataka, India | USD 4.95 M | USD 3.96 K | 32 |
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Related news about Mantis Technologies
Complete news archive for Mantis Technologies
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Frequently Asked Questions about Mantis Technologies
Mantis Technologies was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Mantis Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Mantis Technologies is a funded company, having raised a total of $2.69M across 4 funding rounds to date. The company's 1st funding round was a Seed of $441.6K, raised on Feb 2011.
Mantis Technologies has 55 employees.
The primary company behind Mantis Technologies, Mantis Technologies Private Limited, reported revenue of ₹87.8 Lakh for FY 2025, up 10% year on year.
Mantis Technologies was founded in 2007 in Bengaluru, India, within the transportation technology sector. End-to-end solutions for intelligent transport management are offered, including trip scheduling, financial management, and human resources for bus operators. A centralized reservation system is provided for travel agents to handle ticket bookings. Travelers are supported through a dedicated ticket booking engine. Operations focus on streamlining transport processes across various stakeholders.
Mantis Technologies has 3 investors. Key investors include Gujarat Venture Finance, Skm Mobility Services, and CIIE.
The valuation of Mantis Technologies is $13.02M as of May 2017.
Mantis Technologies operates through Mantis Technologies Private Limited.
The legal entities of Mantis Technologies currently have 2 directors, including Aurvind Lama, Kalyan Shyam Deshpande.