About Memu
Memu was a Retail company based in India founded in 2019. It operates as an online navigation software with rewards for drivers to enhance their journeys. It operates on a B2C model. Its Indian entity Appteso Software Private Limited reported revenue of ₹5.5 Lakh. The company is recorded as dissolved. Its focus areas include Technology, Software, Navigation Tools and Rewards-Based Apps. Its competitors include FATOS, NDrive, Car Penguin, AutoMapa and HUDWAY and 3 more.
Company details
Memu operates with a B2C model, focusing on leveraging cutting-edge technology, software, navigation tools, and rewards-based apps. Online navigation software with rewards for drivers to enhance their journeys. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters India
- SectorsRetail
- Website memu.world
- Legal Name Appteso Software Private Limited
- Date of Incorporation 22 Jan, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.5 Lakh
FY 2022 · +18% YoY
- Net Loss-₹1.8 Lakh
FY 2022 · -33% margin
- EBITDA-₹1.2 Lakh
FY 2022 · -21% margin
Associated legal entities of Memu
Memu operates through Appteso Software Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Appteso Software Private Limited CIN U72200KA2016PTC085494 | Strike Off | 22 Jan 2016 | Bangalore, Karnataka | ₹0.1 Cr | – | 2 | View details |
Board of directors of Appteso Software Private Limited (Memu)
Appteso Software Private Limited is the primary company behind Memu. The board of Appteso Software Private Limited currently have 2 directors; the longest-serving is Phani Turaga Kiran, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Phani Turaga Kiran DIN 07356718 | Director | 22 Jan 2016 | 10 yrs 8 mo | Appteso Software Private Limited |
| Prabhakararao Venkata Ippagunta DIN 10442272 | Director | 28 Dec 2023 | 2 yrs 9 mo | Appteso Software Private Limited |
Financials of Memu
Figures of Appteso Software Private Limited, the primary company behind Memu, for FY 2022. Revenue was ₹5.5 Lakh (+18% year on year). Net loss was -₹1.8 Lakh (-33% margin). EBITDA was -₹1.2 Lakh (-21% margin). Revenue has grown at a compounded annual rate of +90% over three years.
- ₹5.5 LakhRevenue · FY 2022 · +18% YoY
- -₹1.8 LakhNet loss · -33% margin
- -₹1.2 LakhEBITDA · -21% margin
- ₹1 LakhPaid-up capital
- +90%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Appteso Software Private Limited are on its company page.
Detailed financial statements for Memu
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Memu
Memu has 8 listed competitors in our database. They include FATOS, NDrive, Car Penguin, AutoMapa and HUDWAY, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fatoscorp.com | 2017 | Seongnam-si, South Korea | – | – | Developer of navigation software for automobiles | |
| ndrive.com | 2007 | Porto, Portugal | – | – | GPS navigation software is developed for mobile platforms. | |
| carpenguin.com | 2020 | Masr Al Jadidah, Egypt | – | – | Provides in-vehicle infotainment launcher solutions for automotive applications. | |
| automapa.pl | 2001 | Warsaw, Poland | – | – | Offers offline navigation apps, maps, and tools for drivers and businesses. | |
| hudway.co | 2013 | Los Angeles, United States | – | – | Delivers app and hardware solutions for heads-up navigation. | |
| headupnav.com | 2014 | Bratislava, Slovakia | – | – | Develops a smartphone app for intuitive display navigation. | |
| rysiekwidzimisie.pl | 2014 | Warsaw, Poland | – | – | Free app for real-time traffic alerts and speed camera detection. | |
| mapsspeedlimits.com | 2014 | Groot Ammers, Netherlands | – | – | Functions as an online navigation app delivering real-time speed limit information. |
Detailed competitors of Memu
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Deals, Rewards & Comparison Platforms
10 companies that operate in the same segment as Memu (Deals, Rewards & Comparison Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cashback is provided on multi-category product purchases via mobile app. | 2012 | Denver, Colorado, United States | USD 97.58 M | USD 342.39 M | 942 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Online group-buying platform offering coupons for multi-category products and services | 2010 | Beijing, Beijing, China | USD 9.86 B | USD 47.13 B | 41,620 | |
Online platform for discovering and booking hotel accommodations at discounted prices | 2016 | San Francisco, California, United States | USD 226.3 M | – | – | |
Promotion-based circulars are digitized for retailers via an app-based solution. | 2006 | Toronto, Ontario, Canada | USD 78 M | – | 358 | |
Cashback is provided on multi-category products through an app-based platform. | 1997 | San Francisco, California, United States | – | USD 15.96 B | 29,330 | |
Cashback and coupon offers are provided for e-commerce shopping. | – | Gurugram, Haryana, India | USD 32.61 M | – | – | |
Honey is recognized for providing automatic coupons and deals online. | 2012 | Pasadena, California, United States | USD 9.8 M | – | – | |
Cashback is provided automatically through app on diverse purchases. | 2016 | Austin, Texas, United States | USD 87.36 M | – | 78 | |
Online platform offering rewards and cashback for multi-category products | 2014 | Singapore, Singapore, Singapore | USD 350 M | USD 98.96 M | 954 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Memu
Memu was founded in 2019.
Memu is headquartered in India.
The primary company behind Memu, Appteso Software Private Limited, reported revenue of ₹5.5 Lakh for FY 2022, up 18% year on year.
Memu operates with a B2C model, focusing on leveraging cutting-edge technology, software, navigation tools, and rewards-based apps. Online navigation software with rewards for drivers to enhance their journeys. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Memu's top competitors include NDrive, FATOS and Car Penguin.
Memu operates through Appteso Software Private Limited.
The legal entities of Memu currently have 2 directors, including Prabhakararao Venkata Ippagunta, Phani Turaga Kiran.