About Mechanify
Mechanify is a company based in Gurugram (India) founded in 2019 by Ujjwal Seth and Viren Thakur. Mechanify has raised $381.08 thousand across 4 funding rounds from investors including Zypp Electric, India Accelerator and Corporate Warranties. The company has 1 employees as of April 05, 2024. Mechanify operates in a competitive market with competitors including GoMechanic, MyTVS, GoBumpr, VehicleCare and Ki Mobility Solutions, among others.
- Headquarter Gurugram, India
- Employees 1 as on 05 Apr, 2024
- Founders Ujjwal Seth, Viren Thakur
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Mechanify Services Private Limited
- Date of Incorporation 14 Mar, 2020
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$40.29 K (USD)17302.14as on Mar 31, 2022
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Net Profit
-$63.56 K (USD)-11873.45as on Mar 31, 2022
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EBITDA
-$63.35 K (USD)-31661.85as on Mar 31, 2022
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Total Equity Funding
$381.08 K (USD)
in 4 rounds
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Latest Funding Round
$158.63 K (USD), Seed
Jul 04, 2023
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Investors
Zypp Electric
& 18 more
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Employee Count
1
as on Apr 05, 2024
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Funding Insights of Mechanify
Mechanify has successfully raised a total of $381.08K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $158.63 thousand completed in July 2023. 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.
Investors in Mechanify
Mechanify has secured backing from 19 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Zypp Electric, India Accelerator and Corporate Warranties.
| Investor | Description | Founded Year | Domain | Location |
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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Diversified conglomerate operating in energy storage and power electronics
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Electric vehicles are supplied for last-mile delivery and rental needs.
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Investor details for Mechanify
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Investments & Acquisitions by Mechanify
Investment portfolio details for Mechanify
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Financial Statements - Mechanify
Detailed financials for Mechanify
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Mechanify Comparisons
Peer comparison for Mechanify
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Competitors of Mechanify
Mechanify 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 GoMechanic, MyTVS, GoBumpr, VehicleCare and Ki Mobility Solutions, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of car service and repair network
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Online platform for booking automotive repair and maintenance services
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App-based garage aggregation for auto repair and maintenance is offered.
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AI-based car repair and maintenance services are delivered.
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Digital automotive marketplace platform
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Online platform for news articles on sports, entertainment, and current events worldwide.
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Detailed competitors of Mechanify
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Mechanify
Complete news archive for Mechanify
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Frequently Asked Questions about Mechanify
Mechanify was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Mechanify is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Mechanify is a funded company, having raised a total of $381.08K across 4 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Mechanify is 1.
Annual revenue of Mechanify is $40.29K as on Mar 31, 2022.
Mechanify was founded in 2019 in Gurugram, India, as an online platform focused on the used electric vehicle sector. Pre-owned EVs, including two-wheelers and cargo models, are repurposed, revitalized, and listed for sale. Solutions for purchasing and managing these vehicles are offered, with filtering options based on brand, price, and other criteria to support transactions.
Mechanify's top competitors include GoMechanic, MyTVS and VehicleCare.
Mechanify has 19 investors. Key investors include Zypp Electric, India Accelerator, Corporate Warranties, SAR Group, and Vivek Gandhi.
The valuation of Mechanify is $4.39M as of Jul 2023.