About Mihuru
Mihuru is a company based in Mumbai (India) founded in 2016 by Jonathan Nunez Gonzalez and Shruti Mehrotra.. Mihuru has raised $8.14 million across 8 funding rounds from investors including VLS Finance, VLS CAPITAL and Chandirani Holdings. Mihuru operates in a competitive market with competitors including SanKash and Tripmoney, among others.
- Headquarter Mumbai, India
- Founders Jonathan Nunez Gonzalez, Shruti Mehrotra
- Stage Minicorn
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Sectors
Travel & HospitalityFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Itraveleo Private Limited
- Date of Incorporation 07 Dec, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$7.02 K (USD)105.17as on Mar 31, 2023
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Net Profit
$-238.84 K (USD)-51.47as on Mar 31, 2023
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EBITDA
$-197.26 K (USD)-68.68as on Mar 31, 2023
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Total Equity Funding
$8.14 M (USD)
in 8 rounds
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Latest Funding Round
$38.29 K (USD), Seed
May 27, 2024
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Investors
VLS Finance
& 8 more
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Employee Count
Employee Count
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Funding Insights of Mihuru
Mihuru has successfully raised a total of $8.14M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $38.29 thousand completed in May 2024. 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 8
- Last Round Seed — $38,288
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First Round
First Round
(04 Apr 2018)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - Mihuru | Valuation | Yellow Services |
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| Dec, 2022 | Amount | Seed - Mihuru | Valuation | Chandirani Holdings |
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| Sep, 2021 | Amount | Seed - Mihuru | Valuation | Chandirani Holdings |
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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 Mihuru
Mihuru has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include VLS Finance, VLS CAPITAL and Chandirani Holdings. 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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Women-led tech startups are accelerated via a 12-month program.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Corporate advisory services are provided by VLS Finance in India.
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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 Mihuru
| 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 - Mihuru
| 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 |
Mihuru Comparisons
Competitors of Mihuru
Mihuru 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 SanKash and Tripmoney, 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 |
Travel loan services are provided to customers in India.
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| domain | founded_year | HQ Location |
Online marketplace for travel loans
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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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Latest news on Mihuru
Frequently Asked Questions about Mihuru
When was Mihuru founded?
Mihuru was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Mihuru located?
Mihuru is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Mihuru?
Shruti Mehrotra is the current CEO of Mihuru. They have also founded this company.
Is Mihuru a funded company?
Mihuru is a funded company, having raised a total of $8.14M across 8 funding rounds to date. The company's 1st funding round was a Seed of $7.32M, raised on Apr 04, 2018.
What is the annual revenue of Mihuru?
Annual revenue of Mihuru is $7.02K as on Mar 31, 2023.
What does Mihuru do?
Provider of a fintech platform for travel solutions. It provides users with a financial technology platform that offers book now, pay later options for travel, empowering individuals to achieve their travel goals and create unforgettable experiences. The companys innovative solutions aim to redefine travel with freedom and affordability.
Who are Mihuru's investors?
Mihuru has 9 investors. Key investors include VLS Finance, VLS CAPITAL, Chandirani Holdings, Women's Startup Lab, and Anil Chandirani.
What is Mihuru's valuation?
The valuation of Mihuru is $1.47M as of May 2020.