About mGaadi
mGaadi is a company based in Bengaluru (India) founded in 2012 was acquired by Yatra in June 2016.. mGaadi has raised $573.97 thousand across 3 funding rounds from investors including Yatra, Capria and Pramod Saxena. mGaadi operates in a competitive market with competitors including Jugnoo, MyPickup, AutoWale, Bzzt and Tuk Tuk Hop, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name India Drivers Network Services Private Limited
- Date of Incorporation 28 Feb, 2013
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$3.2 K (USD)-19.05as on Mar 31, 2020
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Net Profit
$1.94 K (USD)31.44as on Mar 31, 2020
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EBITDA
$-911.41 (USD)10.28as on Mar 31, 2020
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Total Equity Funding
$573.97 K (USD)
in 3 rounds
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Latest Funding Round
$298.97 K (USD), Seed
Jun 22, 2015
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Investors
Yatra
& 6 more
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Employee Count
Employee Count
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Acquired by
Yatra
(Jun 10, 2016)
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Funding Insights of mGaadi
mGaadi has successfully raised a total of $573.97K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $298.97 thousand completed in June 2015. 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 3
- Last Round Seed — $298,967
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First Round
First Round
(08 Oct 2013)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Seed - mGaadi | Valuation | Capria | |
| May, 2014 | Amount | Seed - mGaadi | Valuation | Capria |
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| Oct, 2013 | Amount | Angel Round - mGaadi | Valuation | Kavitha D Talera , Rajshena K Talera |
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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 mGaadi
mGaadi has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Yatra, Capria and Pramod Saxena. 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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Venture capital firm investing in applied generative AI
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Founded Year | Domain | Location | |
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PS
Pramod Saxena |
Founder of Oxigen Services, prominent angel investor in Indian startups
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Founded Year | Domain | Location |
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MM
Mekin Maheshwari |
Ex-CTO Flipkart, angel investor, founder of Udhyam Learning Foundation
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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 mGaadi
| 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 - mGaadi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mgaadi Comparisons
Competitors of mGaadi
mGaadi 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 Jugnoo, MyPickup, AutoWale, Bzzt and Tuk Tuk Hop, 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.
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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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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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Latest news on Mgaadi
Frequently Asked Questions about mGaadi
When was mGaadi founded?
mGaadi was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is mGaadi located?
mGaadi is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is mGaadi a funded company?
mGaadi is a funded company, having raised a total of $573.97K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $24.41K, raised on Oct 08, 2013.
What is the annual revenue of mGaadi?
Annual revenue of mGaadi is $3.2K as on Mar 31, 2020.
What does mGaadi do?
mGaadi was founded in 2012 in Bengaluru, India, operating in the ride-hailing sector focused on three-wheelers. Auto-rickshaw drivers are aggregated with riders through a mobile app, where bookings are facilitated by entering locations and passenger details. Real-time tracking is enabled, along with multiple payment options. The app is accessible on Android, iOS, and Windows platforms for local commutes.
Who are the top competitors of mGaadi?
mGaadi's top competitors include Jugnoo, Oye Rickshaw and AutoWale.
Who are mGaadi's investors?
What is mGaadi's valuation?
The valuation of mGaadi is $2.87M as of Jun 2015.
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