About mGaadi
mGaadi is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2012, and was acquired by Yatra in June 2016. Three-wheeler ride-hailing services are provided via an app-based platform. mGaadi has raised $573.97 thousand across 3 funding rounds from investors including Yatra, Capria and Pramod Saxena. mGaadi was last valued at $2.87 million in June 2015. Its Indian entity India Drivers Network Services Private Limited reported revenue of ₹1.6 Lakh. The company was acqui-hired. Its focus areas include Consumer, Road Transport Tech, Ride Hailing and Three-Wheelers. Its competitors include Jugnoo, MyPickup and AutoWale; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website mgaadi.com
- Social LinkedIn X
- Acquired by Yatra (Jun 2016)
- Legal Name India Drivers Network Services Private Limited
- Date of Incorporation 28 Feb, 2013
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of mGaadi
mGaadi operates through India Drivers Network Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| India Drivers Network Services Private Limited CIN U63090KA2013PTC068032 | Active | 28 Feb 2013 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
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 $573,974
- Total Rounds 3
- Last Round Seed — $298,967
- First Round $24,405
(Oct 2013)
- Investors Count 6
All 3 funding rounds of mGaadi 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 |
|---|---|---|---|---|---|
| Jun 2015 | $298,967 | Seed | $2.87M | Capria | |
| May 2014 | $250,602 | Seed | $1.35M | Capria | – |
| Oct 2013 | $24,405 | Angel Round | $••••• | Kavitha D Talera, Rajshena K Talera | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2015 | $2.87M | •••••••• |
| May 2014 | $1.35M | •••••••• |
Last known valuation $2.87M (Jun 2015). 7 investors in total: 2 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in applied generative AI | capria.vc | Seattle, United States | ||
PS Pramod Saxena | Founder of Oxigen Services, prominent angel investor in Indian startups | unknown_0d5ecea84db94c49b | ||
MM Mekin Maheshwari | Ex-CTO Flipkart, angel investor, founder of Udhyam Learning Foundation | unknown_4ce7211c5cdd43f39 | ||
BR Bhaskar Roy | unknown_1ec5167206044788b | |||
KD Kavitha D Talera | unknown_65bc0f7fcfef49409 | |||
RK Rajshena K Talera | unknown_1fb8b472a74948ca9 | |||
Yatra is recognized as a leading online travel services provider in India. | 2006 | yatra.com | Gurugram, India |
Investor details for mGaadi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of India Drivers Network Services Private Limited (mGaadi)
India Drivers Network Services Private Limited is the primary company behind mGaadi. The board of India Drivers Network Services Private Limited currently have 2 directors; the longest-serving is Solomon Premnath Jayaprakash, appointed in 2013.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Solomon Premnath Jayaprakash DIN 01032983 | Director | 28 Feb 2013 | 13 yrs 8 mo | India Drivers Network Services Private Limited |
| Vishwanath Kuruganti DIN 03606703 | Director | 28 Feb 2013 | 13 yrs 8 mo | India Drivers Network Services Private Limited |
Financials of mGaadi
Figures of India Drivers Network Services Private Limited, the primary company behind mGaadi, for FY 2025. Revenue was ₹1.6 Lakh (+362% year on year). Net loss was -₹2.2 Lakh (-137% margin). EBITDA was ₹1.6 Lakh (100% margin). Revenue has grown at a compounded annual rate of +36% over three years and -7% over five years.
- ₹1.6 LakhRevenue · FY 2025 · +362% YoY
- -₹2.2 LakhNet loss · -137% margin
- ₹1.6 LakhEBITDA · 100% margin
- ₹54.6 LakhPaid-up capital
- +36%Revenue CAGR, 3 years
- -7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of India Drivers Network Services Private Limited are on its company page.
Detailed financial statements for mGaadi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of mGaadi
5 dated milestones of mGaadi across 4 years, from founding to its latest funding, stage changes and deals.
- Founded mGaadi is founded.
- Funding First funding round of $24K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $299K.
- Exit Acquired by Yatra.
Competitors of mGaadi
mGaadi has 3 listed competitors in our database, 3 of them funded. They include Jugnoo, MyPickup and AutoWale.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jugnoo.in | 2014 | Chandigarh, India | $16.93M | 87 | Auto-rickshaw transportation services are booked through a mobile app. | |
| mypickup.in | 2022 | Bengaluru, India | $179,498 | On-demand electric rides are offered for daily commutes through subscriptions. | ||
| autowale.in | 2010 | Pune, India | $861,784 | Online auto-rickshaw aggregator |
Detailed competitors of mGaadi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of mGaadi
Websites that share an audience with mGaadi (mgaadi.com).
Websites whose visitors overlap most with mGaadi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| taxiautofare.com | 100% | #692,501 | View details |
Top companies in Road Transport Tech
3 companies that operate in the same segment as mGaadi (Road Transport Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 826.75 M | USD 19.11 M | 817 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M |
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Related news about Mgaadi
Complete news archive for mGaadi
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Frequently Asked Questions about mGaadi
mGaadi was founded in 2012 and raised its 1st funding round 1 year after it was founded.
mGaadi is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
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 2013.
The primary company behind mGaadi, India Drivers Network Services Private Limited, reported revenue of ₹1.6 Lakh for FY 2025, up 362% year on year.
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.
The valuation of mGaadi is $2.87M as of Jun 2015.
mGaadi operates through India Drivers Network Services Private Limited.
Yes. mGaadi was acquired by Yatra in June 2016.
The legal entities of mGaadi currently have 2 directors, including Solomon Premnath Jayaprakash, Vishwanath Kuruganti.