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
-
Sectors
Transportation, Automotive & Logistics
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name India Drivers Network Services Private Limited
- Date of Incorporation 28 Feb, 2013
- Jurisdiction Bangalore South, Karnataka, India
-
Annual Revenue
$3.2 K (USD)-19.05as on Mar 31, 2020
-
Net Profit
$1.94 K (USD)31.44as on Mar 31, 2020
-
EBITDA
-$911.41 (USD)10.28as on Mar 31, 2020
-
Total Equity Funding
$573.97 K (USD)
in 3 rounds
-
Latest Funding Round
$298.97 K (USD), Seed
Jun 22, 2015
-
Investors
Yatra
& 6 more
-
Employee Count
Not available
-
Acquired by
Yatra
(Jun 10, 2016)
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
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.
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
|
Locked | Locked | Locked | |
|
PS
Pramod Saxena |
Founder of Oxigen Services, prominent angel investor in Indian startups
|
Locked | Locked | Locked |
|
MM
Mekin Maheshwari |
Ex-CTO Flipkart, angel investor, founder of Udhyam Learning Foundation
|
Locked | Locked | Locked |
Investor details for mGaadi
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by mGaadi
Investment portfolio details for mGaadi
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - mGaadi
Detailed financials for mGaadi
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Mgaadi Comparisons
Peer comparison for mGaadi
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Auto-rickshaw transportation services are booked through a mobile app.
|
|
| Locked | Locked | Locked |
On-demand electric rides are offered for daily commutes through subscriptions.
|
|
| Locked | Locked | Locked |
Online auto-rickshaw aggregator
|
|
| Locked | Locked | Locked |
Electric auto rickshaws are hailed through a mobile app platform.
|
|
| Locked | Locked | Locked |
Offers hop-on hop-off tuk-tuk tours and private rides in Bangkok for tourists.
|
|
| Locked | Locked | Locked |
Online platform offering slot games and fishing arcade with easy registration.
|
Detailed competitors of mGaadi
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Mgaadi
Complete news archive for mGaadi
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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.
Annual revenue of mGaadi is $3.2K as on Mar 31, 2020.
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.
mGaadi's top competitors include Jugnoo, Oye Rickshaw and AutoWale.
The valuation of mGaadi is $2.87M as of Jun 2015.