About MicroDegree
MicroDegree is a company based in Mangaluru (India) founded in 2019 by Manikanta Nair, Rakesh Kothari, and Gaurav Kamath.. MicroDegree has raised $184.95 thousand across 3 funding rounds from investors including Riidl, Harinakshi S Somaiya and Harinakshi S Somaiya. The company has 1 employees as of March 30, 2024. MicroDegree operates in a competitive market with competitors including GUVI, Seekho, Entri, ffreedom App and Almentor, among others.
- Headquarter Mangaluru, India
- Employees 1 as on 30 Mar, 2024
- Founders Manikanta Nair, Rakesh Kothari, Gaurav Kamath
- Stage Minicorn
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Sectors
EducationMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Microdegree Education Private Limited
- Date of Incorporation 21 Jul, 2017
- Jurisdiction Mangalore, Karnataka, India
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Annual Revenue
$18.68 K (USD)4187.14as on Mar 31, 2021
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Net Profit
$-3.22 K (USD)-606.19as on Mar 31, 2021
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EBITDA
$-16.66 K (USD)-3549.56as on Mar 31, 2021
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Total Equity Funding
$184.95 K (USD)
in 3 rounds
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Latest Funding Round
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Investors
Riidl
& 3 more
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Employee Count
1
as on Mar 30, 2024
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Funding Insights of MicroDegree
MicroDegree has successfully raised a total of $184.95K across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(22 Jan 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Seed - MicroDegree | Valuation |
investors |
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| May, 2021 | Amount | Seed - MicroDegree | Valuation | Riidl | |
| Jan, 2021 | Amount | Seed - MicroDegree | Valuation | 100X.VC |
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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 MicroDegree
MicroDegree has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Riidl, Harinakshi S Somaiya and Harinakshi S Somaiya. 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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Research, innovation, incubation, and design services.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by 100X.VC venture capital firm.
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Founded Year | Domain | Location | |
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HS
Harinakshi S Somaiya |
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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 MicroDegree
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - MicroDegree
| 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 |
Microdegree Comparisons
Competitors of MicroDegree
MicroDegree 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 GUVI, Seekho, Entri, ffreedom App and Almentor, 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 |
Vernacular-based hyperlocal platform for online programming mentoring is developed.
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| domain | founded_year | HQ Location |
Platform offering video learning solutions across technology, finance, and business
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| domain | founded_year | HQ Location |
App-based resources for public exam preparation are provided.
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| domain | founded_year | HQ Location |
Diversified online courses for professionals are provided via mobile app.
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| domain | founded_year | HQ Location |
Management and self-development courses are delivered via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Microdegree
Frequently Asked Questions about MicroDegree
When was MicroDegree founded?
MicroDegree was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is MicroDegree located?
MicroDegree is headquartered in Mangaluru, India. It is registered at Mangaluru, Karnataka, India.
Who is the current CEO of MicroDegree?
Gaurav Kamath is the current CEO of MicroDegree. They have also founded this company.
Is MicroDegree a funded company?
MicroDegree is a funded company, having raised a total of $184.95K across 3 funding rounds to date. The company's 1st funding round was a Seed of $34.23K, raised on Jan 22, 2021.
How many employees does MicroDegree have?
As of Mar 30, 2024, the latest employee count at MicroDegree is 1.
What is the annual revenue of MicroDegree?
Annual revenue of MicroDegree is $18.68K as on Mar 31, 2021.
What does MicroDegree do?
Detailed information about MicroDegrees operations, sectors, or solutions is not available on the website. The scope of activities or specific offerings remains unclear based on the provided content.
Who are the top competitors of MicroDegree?
Who are MicroDegree's investors?
What is MicroDegree's valuation?
The valuation of MicroDegree is $1.36M as of May 2021.
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