About MetaRain
MetaRain is a Media & Entertainment company based in Bengaluru (India) founded in 2014 by Faizan Aziz and Anirudh Coontoor, and was acquired by Medlife in May 2019. Photo sharing apps are developed by MetaRain mobile studio. MetaRain has raised $1.84 million across 1 funding round from investors including Times Internet, Medlife and Dream Incubator. The company has 2 employees. Its Indian entity Metarain Distributors Private Limited reported revenue of βΉ8.04 Cr. The company was acqui-hired. Its focus areas include Consumer, Online Photos and Sharing.
Company details
MetaRain was founded in 2014 in Bengaluru, India, as a mobile app studio. Focus is placed on developing photo sharing and discovery applications. The portfolio features Pixter for photo sharing and Colorbay for photo discovery. These apps are made available for download on the App Store. Operations center on the mobile app sector within the technology industry.
- Headquarters Bengaluru, India
- Employees 2
- Founders Faizan Aziz, Anirudh Coontoor
- Stage Acquired
- SectorsMedia & Entertainment
- Emailβ’β’β’β’β’β’β’β’
- Website metarain.com
- Social LinkedIn X Facebook
- Acquired by Medlife (May 2019)
- Legal Name Metarain Distributors Private Limited
- Date of Incorporation 27 Aug, 2014
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹8.04 Cr
FY 2022 · -61% YoY
- Net Loss-₹12.85 Cr
FY 2022 · -160% margin
- EBITDA-₹5.79 Cr
FY 2022 · -72% margin
- Total Equity Funding$1.84M (USD)
in 1 rounds
- Latest Funding Round$1.84M (USD), Seed
Apr 2018
- InvestorsTimes Internet
& 3 more
- Employee Count2
- Acquired byMedlife
(May 2019)
Associated legal entities of MetaRain
MetaRain operates through Metarain Distributors Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Metarain Distributors Private Limited CIN U74900KA2014PTC076073 | Amalgamated | 27 Aug 2014 | Bangalore, Karnataka | ₹8.0 Cr | 2 | 3 | View details |
Funding Insights of MetaRain
MetaRain has successfully raised a total of $1.84M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.84 million completed in April 2018. 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 $1.84M
- Total Rounds 1
- Last Round Seed β $1.84M
- First Round $1.84M
(Apr 2018)
- Investors Count 3
All 1 funding rounds of MetaRain with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | $1.84M | Seed | β | Dream Incubator |
4 investors in total: 4 institutional.
Investors in MetaRain
MetaRain has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Times Internet, Medlife and Dream Incubator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Dream Incubator is engaged in strategic consulting and business incubation. | 2000 | dreamincubator.co.jp | Chiyoda City, Japan | |
Venture capital investment firm | z47.com | Bengaluru, India | ||
Provider of digital content, advertising solutions, and technology services | 1999 | timesinternet.in | Gurugram, India | |
Provider of an online pharmacy for medications | 2014 | medlife.com | Bengaluru, India |
Investor details for MetaRain
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Metarain Distributors Private Limited (MetaRain)
Metarain Distributors Private Limited is the primary company behind MetaRain. The board of Metarain Distributors Private Limited currently have 3 directors; the longest-serving is Ashish Kumar Somani, appointed in 2019. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Kumar Somani DIN 08190946 | Director | 20 Dec 2019 | 6 yrs 10 mo | Metarain Distributors Private Limited |
| Devansh Joshi Mukundray DIN 08380066 | Director | 20 Dec 2019 | 6 yrs 10 mo | Metarain Distributors Private Limited |
| Kshitij Ladia DIN 09309653 | Director | 07 Sep 2021 | 5 yrs 1 mo | Metarain Distributors Private Limited |
People of MetaRain
2 people are tracked at MetaRain (2 in leadership); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
Faizan Aziz | Co-Founder & Director | Leadership |
Anirudh Coontoor | Co-Founder | Leadership |
Complete people profiles for MetaRain
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of MetaRain
Figures of Metarain Distributors Private Limited, the primary company behind MetaRain, for FY 2022. Revenue was ₹8.04 Cr (-61% year on year). Net loss was -₹12.85 Cr (-160% margin). EBITDA was -₹5.79 Cr (-72% margin). Revenue has grown at a compounded annual rate of -45% over three years.
- ₹8.04 CrRevenue · FY 2022 · -61% YoY
- -₹12.85 CrNet loss · -160% margin
- -₹5.79 CrEBITDA · -72% margin
- ₹1.21 CrPaid-up capital
- 2Employees (provident fund records)
- -45%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Metarain Distributors Private Limited are on its company page.
Detailed financial statements for MetaRain
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.
Timeline of MetaRain
3 dated milestones of MetaRain across 5 years, from founding to its latest funding, stage changes and deals.
- Founded MetaRain is founded.
- Funding First funding round of $1.8M.
- Exit Acquired by Medlife.
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Related news about Metarain
Complete news archive for MetaRain
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- Full article archive
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about MetaRain
MetaRain was founded in 2014 and raised its 1st funding round 4 years after it was founded.
MetaRain is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
MetaRain is a funded company, having raised a total of $1.84M across 1 funding round to date. The company's 1st funding round was a Seed of $1.84M, raised on Apr 2018.
MetaRain has 2 employees.
The primary company behind MetaRain, Metarain Distributors Private Limited, reported revenue of βΉ8.04 Cr for FY 2022, down 61% year on year.
MetaRain was founded in 2014 in Bengaluru, India, as a mobile app studio. Focus is placed on developing photo sharing and discovery applications. The portfolio features Pixter for photo sharing and Colorbay for photo discovery. These apps are made available for download on the App Store. Operations center on the mobile app sector within the technology industry.
MetaRain has 4 investors. Key investors include Times Internet, Medlife, Dream Incubator, and Z47.
MetaRain operates through Metarain Distributors Private Limited.
Yes. MetaRain was acquired by Medlife in May 2019.
The legal entities of MetaRain currently have 3 directors, including Kshitij Ladia, Ashish Kumar Somani, Devansh Joshi Mukundray.