About Mela App
Mela App is a company based in Delhi (India) founded in 2019.. Mela App has raised $150 thousand across 1 funding round from investors including Y Combinator. The company has 1 employees as of April 07, 2024. Mela App operates in a competitive market with competitors including DealShare, Rozana, BuyEazzy, Gobillion and SHOPG, among others.
- Headquarter Delhi, India
- Employees 1 as on 07 Apr, 2024
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Sectors
Retail
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Phone
*********
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Website
*********
- Legal Name Mahamela Technologies Private Limited
- Date of Incorporation 16 Jul, 2019
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$535.46 K (USD)76.8as on Mar 31, 2022
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Net Profit
$-74.33 K (USD)27.04as on Mar 31, 2022
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EBITDA
$4.6 K (USD)123.72as on Mar 31, 2022
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Total Equity Funding
$150 K (USD)
in 1 rounds
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Latest Funding Round
$150 K (USD), Seed
Aug 20, 2019
- Investors
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Employee Count
1
as on Apr 07, 2024
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Funding Insights of Mela App
Mela App has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in August 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 — $150,000
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First Round
First Round
(20 Aug 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Seed - Mela App | Valuation | Y Combinator |
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| 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 Mela App
Mela App has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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 |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mela App
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mela App
| 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 |
Mela App Comparisons
Competitors of Mela App
Mela App 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 DealShare, Rozana, BuyEazzy, Gobillion and SHOPG, 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 |
Online social deal-sharing platform for multi-category products
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| domain | founded_year | HQ Location |
Rozana is focused on rural e-commerce in India.
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| domain | founded_year | HQ Location |
App-based group buying platform offering multi-category products
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| domain | founded_year | HQ Location |
Groceries and essentials are provided via an app-based social platform.
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| domain | founded_year | HQ Location |
Manages an e-commerce store offering multi-category products.
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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.
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| 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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Frequently Asked Questions about Mela App
When was Mela App founded?
Mela App was founded in 2019.
Where is Mela App located?
Mela App is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Mela App a funded company?
Mela App is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Aug 20, 2019.
How many employees does Mela App have?
As of Apr 07, 2024, the latest employee count at Mela App is 1.
What is the annual revenue of Mela App?
Annual revenue of Mela App is $535.46K as on Mar 31, 2022.
What does Mela App do?
Mela App was founded in 2019 in Delhi, India, and operates within the e-commerce sector. Multi-category items, including electronics such as mobile covers, tempered glass, storage devices, headphones, and power banks, along with clothing and fashion accessories, are sold via an online platform. Group-buying features enable discounted pricing when purchases are made collectively with friends or family, with operations centered in India.
Who are the top competitors of Mela App?
Who are Mela App's investors?
Mela App has 1 investor. Key investors include Y Combinator.