About McXtra
McXtra is a company based in Mumbai (India) founded in 2015. McXtra has raised $1.57 million across 5 funding rounds from investors including Felix, Ajcon IT and Suman Shrivastava. The company has 57 employees as of May 31, 2023. McXtra operates in a competitive market with competitors including CAMS Insurance Repository Services, Mudrasure, InsurePays, CDSL Insurance Repository Limited and iChain, among others.
- Headquarter Mumbai, India
- Employees 57 as on 31 May, 2023
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$7.46 M (USD)363as on Mar 31, 2024
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Net Profit
-$2.18 M (USD)-1618as on Mar 31, 2024
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EBITDA
-$1.83 M (USD)-555as on Mar 31, 2024
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Total Equity Funding
$1.57 M (USD)
in 5 rounds
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Latest Funding Round
$14.92 K (USD), Angel Round
Jan 11, 2019
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Investors
Felix
& 25 more
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Employee Count
57
as on May 31, 2023
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Funding Insights of McXtra
McXtra has successfully raised a total of $1.57M across 5 strategic funding rounds. The most recent funding activity was a Angel Round of $14.92 thousand completed in January 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 5
- Last Round Angel Round — $14,915
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First Round
First Round
(09 Apr 2015)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Angel Round - McXtra | Valuation | Suman Shrivastava | |
| Mar, 2018 | Amount | Seed - McXtra | Valuation | Felix , Felix Retail Creations | |
| Dec, 2016 | Amount | Angel Round - McXtra | Valuation | Rajiv Sawhney , Rakesh Bhatia |
Investors in McXtra
McXtra has secured backing from 26 investors, including angel and institutional investors. Prominent investors backing the company include Felix, Ajcon IT and Suman Shrivastava.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IT support services are provided to businesses in Singapore.
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Founded Year | Domain | Location | |
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Source-to-pay software is provided for vendor and contract management.
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Founded Year | Domain | Location | |
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Offers software, website development, and media presentation services.
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Founded Year | Domain | Location |
Investments & Acquisitions by McXtra
Financial Statements - McXtra
Mcxtra Comparisons
Competitors of McXtra
McXtra 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 CAMS Insurance Repository Services, Mudrasure, InsurePays, CDSL Insurance Repository Limited and iChain, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
eInsurance Accounts are opened for holding policies in electronic form.
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| domain | founded_year | HQ Location |
Insurance premium financing is facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
App-based insurance premium payments platform for policyholders
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| domain | founded_year | HQ Location |
Operates a web-based repository for efficient insurance management.
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| domain | founded_year | HQ Location |
Policy management app
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Latest news on Mcxtra
Frequently Asked Questions about McXtra
McXtra was founded in 2015.
McXtra is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
McXtra is a funded company, having raised a total of $1.57M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $128.35K, raised on Apr 09, 2015.
As of May 31, 2023, the latest employee count at McXtra is 57.
Annual revenue of McXtra is $7.46M as on Mar 31, 2024.
McXtra was founded in 2015 in Mumbai, India, within the insurtech sector. An app is provided by employers to employees and families for storing, tracking, and viewing policies in a secure vault. A dashboard is included to explain insurance terms and conditions. Geo-tracking enables location-based emergency services via the McXtra Red Button. 24x7 support is available, along with analysis of existing policies to suggest renewal options.
McXtra's top competitors include CAMS Insurance Repository Services, Mudrasure and InsurePays.
The valuation of McXtra is $3.12M as of Jan 2019.