About Mastree
Mastree is a company based in Bengaluru (India) founded in 2019 was acquired by Unacademy in July 2020.. Mastree has raised $544.92 thousand across 1 funding round from investors including Unacademy and Blume Ventures. The company has 3,202 employees as of September 30, 2022. Mastree operates in a competitive market with competitors including 51Talk, Open English, Voxy, NovaKid and Cakap, among others.
- Headquarter Bengaluru, India
- Employees 3202 as on 30 Sep, 2022
- Stage Minicorn
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Sectors
Education
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Phone
*********
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Website
*********
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Annual Revenue
$119.42 M (USD)-5as on Mar 31, 2024
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Net Profit
$-76.24 M (USD)62as on Mar 31, 2024
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EBITDA
$-59.05 M (USD)69as on Mar 31, 2024
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Total Equity Funding
$544.92 K (USD)
in 1 rounds
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Latest Funding Round
$544.92 K (USD), Seed
Dec 24, 2019
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Investors
Unacademy
& 1 more
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Employee Count
3202
as on Sep 30, 2022
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Acquired by
Unacademy
(Jul 14, 2020)
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Funding Insights of Mastree
Mastree has successfully raised a total of $544.92K through 1 strategic funding round. The most recent funding activity was a Seed round of $544.92 thousand completed in December 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 1
- Last Round Seed — $544,924
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First Round
First Round
(24 Dec 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Seed - Mastree | Valuation | Blume Ventures |
|
| 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 Mastree
Mastree has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Unacademy and Blume Ventures. 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 |
|---|---|---|---|---|
|
Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
|
Online educational resources and courses for exam preparation are provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Mastree
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Mastree
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mastree Comparisons
Competitors of Mastree
Mastree 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 51Talk, Open English, Voxy, NovaKid and Cakap, 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 |
One-to-one online English tutoring is provided by 51Talk.
|
|
| domain | founded_year | HQ Location |
Online platform providing live English classes
|
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| domain | founded_year | HQ Location |
English language learning through online courses and tutoring
|
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| domain | founded_year | HQ Location |
Online tutoring platform providing English lessons to kids
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| domain | founded_year | HQ Location |
Multiple languages are taught via online SaaS and app platform.
|
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| domain | founded_year | HQ Location |
Mobile-based English learning services are offered to corporate users.
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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.
|
|
| 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 Mastree
Frequently Asked Questions about Mastree
When was Mastree founded?
Mastree was founded in 2019.
Where is Mastree located?
Mastree is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Mastree a funded company?
Mastree is a funded company, having raised a total of $544.92K across 1 funding round to date. The company's 1st funding round was a Seed of $544.92K, raised on Dec 24, 2019.
How many employees does Mastree have?
As of Sep 30, 2022, the latest employee count at Mastree is 3,202.
What is the annual revenue of Mastree?
Annual revenue of Mastree is $119.42M as on Mar 31, 2024.
What does Mastree do?
Mastree was founded in 2019 in Bengaluru, India, within the edtech sector. Online instructor-led classes in English are provided through the platform, with a focus on communication courses designed to improve speaking abilities among children. Operations are centered on virtual learning sessions, accessible via the domain mastree.com, serving users primarily in India.
Who are Mastree's investors?
Mastree has 2 investors. Key investors include Unacademy, and Blume Ventures.
What is Mastree's valuation?
The valuation of Mastree is $2.82M as of Dec 2019.