About MFY
MFY is a company based in Kochi (India) founded in 2017 by Arun Augustine and Jovis Aloor. It operates as a B2B. MFY has raised $33.55 thousand across 1 funding round from investors including Indian Angel Network. MFY operates in a competitive market with competitors including ManyChat, Milyoni, Paloma, ChatBook and Mobifusion, among others.
- Headquarter Kochi, India
- Founders Arun Augustine, Jovis Aloor
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Messengerify Labs Private Limited
- Date of Incorporation 12 Jan, 2018
- Jurisdiction Ernakulam, Kerala, India
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Annual Revenue
$25.64 K (USD)22.83as on Mar 31, 2023
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Net Profit
$-23.15 K (USD)-1016.8as on Mar 31, 2023
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EBITDA
$7.33 K (USD)2083.42as on Mar 31, 2023
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Total Equity Funding
$33.55 K (USD)
in 1 rounds
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Latest Funding Round
$33.55 K (USD), Seed
Nov 05, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of MFY
MFY has successfully raised a total of $33.55K through 1 strategic funding round. The most recent funding activity was a Seed round of $33.55 thousand completed in November 2021. 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 — $33,546
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First Round
First Round
(05 Nov 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - MFY | Valuation | Indian Angel Network |
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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 MFY
MFY has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Indian Angel Network. 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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Angel investor network investing in early-stage startups
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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 MFY
| 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 - MFY
| 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 |
Mfy Comparisons
Competitors of MFY
MFY 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 ManyChat, Milyoni, Paloma, ChatBook and Mobifusion, 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 |
SaaS based lead generation solutions for enterprises
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| domain | founded_year | HQ Location |
Social video marketing is provided for entertainment and brands.
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| domain | founded_year | HQ Location |
Chat-based marketing solutions for enterprises are provided via Facebook Messenger.
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| domain | founded_year | HQ Location |
Facebook messenger based marketing solution
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| domain | founded_year | HQ Location |
Content-based messaging bots and applications are provided for mobile distribution.
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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 MFY
When was MFY founded?
MFY was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is MFY located?
MFY is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Who is the current CEO of MFY?
Arun Augustine is the current CEO of MFY. They have also founded this company.
Is MFY a funded company?
MFY is a funded company, having raised a total of $33.55K across 1 funding round to date. The company's 1st funding round was a Seed of $33.55K, raised on Nov 05, 2021.
What is the annual revenue of MFY?
Annual revenue of MFY is $25.64K as on Mar 31, 2023.
What does MFY do?
MFY, founded in 2017 in Kochi, India, focuses on leveraging cutting-edge technology, software, handling marketing campaigns, and social media solutions. Provides Facebook Messenger-based marketing solutions to enhance business engagement. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Who are MFY's investors?
MFY has 1 investor. Key investors include Indian Angel Network.
What is MFY's valuation?
The valuation of MFY is $451.63K as of Nov 2021.
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