About Melvano
Melvano is a company based in Bengaluru (India) founded in 2018 by Harpreet Kaur and Taran Singh.. Melvano has raised $374.35 thousand across 6 funding rounds from investors including Tyke, Vikas Agarwal and Binit Kour Hura. Melvano offers products and services including Question Bank, Video Lectures, Test Series, A.I Recommendations, and Mentorship. Melvano operates in a competitive market with competitors including Unacademy, BYJU'S, Toppr, Xylem Learning and Fenbi, among others.
- Headquarter Bengaluru, India
- Founders Harpreet Kaur, Taran Singh
- Stage Minicorn
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Melvano Education Private Limited
- Date of Incorporation 16 Jun, 2018
- Jurisdiction Kanpur, Uttar Pradesh, India
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Annual Revenue
$131.65 K (USD)1961.52as on Mar 31, 2023
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Net Profit
$18.07 K (USD)116.25as on Mar 31, 2023
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EBITDA
$17.77 K (USD)116.02as on Mar 31, 2023
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Total Equity Funding
$374.35 K (USD)
in 6 rounds
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Latest Funding Round
$156.93 K (USD), Seed
Feb 16, 2023
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Investors
Tyke
& 28 more
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Employee Count
Employee Count
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Products & Services of Melvano
Melvano offers a comprehensive portfolio of products and services, including Question Bank, Video Lectures, Test Series, A.I Recommendations, and Mentorship. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Collection of over 30,000 questions for JEE and NEET preparation.
Recorded lectures covering JEE and NEET topics in Hinglish.
Mock tests and performance analysis for exam readiness.
AI tool suggesting questions based on user weaknesses.
One-on-one guidance from experts and toppers.
Unlock access to complete
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Funding Insights of Melvano
Melvano has successfully raised a total of $374.35K across 6 strategic funding rounds. The most recent funding activity was a Seed round of $156.93 thousand completed in February 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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Seed — $156,931
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First Round
First Round
(15 Oct 2018)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - Melvano | Valuation | Tyke |
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| Dec, 2022 | Amount | Angel Round - Melvano | Valuation | Vikas Agarwal , Binit Kour Hura |
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| Apr, 2021 | Amount | Angel Round - Melvano | Valuation | Malleswara Rao , Savith Kumar |
| 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 Melvano
Melvano has secured backing from 29 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Tyke, Vikas Agarwal and Binit Kour Hura. 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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A venture capital firm focused on early-stage startup investments.
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Founded Year | Domain | Location | |
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An alternate investment platform for modern investors is offered.
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Founded Year | Domain | Location | |
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VA
Vikas Agarwal |
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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 Melvano
| 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 - Melvano
| 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 |
Melvano Comparisons
Competitors of Melvano
Melvano 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 Unacademy, BYJU'S, Toppr, Xylem Learning and Fenbi, 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 educational resources and courses for exam preparation are provided.
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| domain | founded_year | HQ Location |
Online learning programs for K-12 education are delivered.
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| domain | founded_year | HQ Location |
Mobile and SaaS-based platform providing e-learning and test preparation platform for students
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| domain | founded_year | HQ Location |
Personalized online tutoring for entrance exams is offered.
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| domain | founded_year | HQ Location |
Preparation for various exams is enabled by Fenbi's mobile application.
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| domain | founded_year | HQ Location |
Mobile apps for exam preparation in various fields are provided.
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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 Melvano
When was Melvano founded?
Melvano was founded in 2018.
Where is Melvano located?
Melvano is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Melvano?
Taran Singh is the current CEO of Melvano. They have also founded this company.
Is Melvano a funded company?
Melvano is a funded company, having raised a total of $374.35K across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $52K, raised on Oct 15, 2018.
What is the annual revenue of Melvano?
Annual revenue of Melvano is $131.65K as on Mar 31, 2023.
What does Melvano do?
Melvano was founded in 2018 in Bengaluru, India, as an online education platform. Courses are provided for high school and undergraduate students, including preparation for engineering and medical entrance exams, along with upskilling and training options. Features such as foundation courses, crash courses, mock tests, doubt-clearing sessions, counseling, and performance analysis are included. Operations follow a subscription-based model, with apps available for Android users.
Who are the top competitors of Melvano?
What products or services does Melvano offer?
Melvano offers Question Bank, Video Lectures, Test Series, A.I Recommendations, and Mentorship.
Who are Melvano's investors?
Melvano has 29 investors. Key investors include Tyke, Vikas Agarwal, Binit Kour Hura, Mayank Patni, and Sanal Puthurssery.
What is Melvano's valuation?
The valuation of Melvano is $1.82M as of Dec 2022.