About MIMYK
MIMYK is a Healthcare company based in Bengaluru (India) founded in 2017 by Nithin Shivshankar, Shanthanu Chakravarthy, and Balaji Gopal. AR-based simulation platforms for endoscopy procedures are developed. MIMYK has raised $292.06 thousand across 1 funding round from investors including Saama Capital, 92 Angels and Viney Sahgal Family Trust. The company has 27 employees. MIMYK was last valued at $1.82 million in March 2020. Its Indian entity Mimyk Medical Simulations Private Limited reported revenue of ₹8.91 Cr. MIMYK offers products and services including Medical Device Design, Prototyping Services, and End-to-End Engineering. Its focus areas include Life Sciences, Surgical Instruments, Robotic Surgery and Endoscopic Robotic Surgery.
Company details
MIMYK was founded in 2017 in Bengaluru, India, within the health technology sector. An AR-based simulation platform for endoscopy procedures is provided, incorporating ARVR, robotics, and visual computing technologies. Computer-aided medical procedures are supported, along with training for healthcare professionals. Operations focus on enabling precise simulations and educational tools in the medical field.
- Headquarters Bengaluru, India
- Employees 27
- Founders Nithin Shivshankar, Shanthanu Chakravarthy, Balaji Gopal
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website mimyk.com
- Social LinkedIn
- Legal Name Mimyk Medical Simulations Private Limited
- Date of Incorporation 08 Aug, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹8.91 Cr
FY 2024 · +2625% YoY
- Net Profit₹1.45 Cr
FY 2024 · 16% margin
- EBITDA₹7.77 Cr
FY 2024 · 87% margin
- Total Equity Funding$292.06K (USD)
in 1 rounds
- Latest Funding Round$292.06K (USD), Seed
Mar 2020
- InvestorsSaama Capital
& 57 more
- Employee Count27
Associated legal entities of MIMYK
MIMYK operates through Mimyk Medical Simulations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mimyk Medical Simulations Private Limited CIN U74999KA2017PTC105393 | Active | 08 Aug 2017 | Bangalore, Karnataka | ₹8.9 Cr | 27 | 3 | View details |
Products & Services of MIMYK
MIMYK offers a comprehensive portfolio of products and services, including Medical Device Design, Prototyping Services, and End-to-End Engineering.
Designs medical devices with user-centric focus for healthcare needs
Provides prototyping for medical devices to accelerate market entry
Offers full engineering solutions from concept to pre-clinical trials
Funding Insights of MIMYK
MIMYK has successfully raised a total of $292.06K through 1 strategic funding round. The most recent funding activity was a Seed round of $292.06 thousand completed in March 2020. 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 $292,062
- Total Rounds 1
- Last Round Seed — $292,062
- First Round $292,062
(Mar 2020)
- Investors Count 58
All 1 funding rounds of MIMYK 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 |
|---|---|---|---|---|---|
| Mar 2020 | $292,062 | Seed | $1.82M | 92 Angels |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2020 | $1.82M | •••••••• |
Last known valuation $1.82M (Mar 2020). 58 investors in total: 6 institutional and 52 angel.
Investors in MIMYK
MIMYK has secured backing from 58 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Saama Capital, 92 Angels and Viney Sahgal Family Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Angel network focused on pre-seed & seed-stage startups | 92angels.com | New York, United States | ||
Family assets are managed by the Viney Sahgal Family Trust. | vineysahgalfamilytrust.tcc.mode | |||
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Venture capital investments and partnerships in diverse sectors. | 2012 | saama.vc | Bengaluru, India | |
Managed security and IT services are delivered to clients. | acslimited.com | Chadds Ford, United States | ||
Early stage investments are made in innovative Indian startups. | 2006 | indianangelnetwork.com | New Delhi, India | |
LN Lakshmi Narayanan | unknown_d1912901de6c464fb | |||
SV S Venkata Reddy | unknown_27647261b31f4f2ab | |||
VC Vijay Chandru | unknown_ec9ee01eb4e34d918 | |||
NP Nagendra P Bandaru | Angel investor, ex-President of iSPIRT, focused on tech and startups | unknown_55b80bf87433469e9 |
Investor details for MIMYK
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Mimyk Medical Simulations Private Limited (MIMYK)
Mimyk Medical Simulations Private Limited is the primary company behind MIMYK. The board of Mimyk Medical Simulations Private Limited currently have 3 directors; the longest-serving is Shanthanu Chakravarthy, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shanthanu Chakravarthy DIN 07660976 | Director | 08 Aug 2017 | 9 yrs 2 mo | Mimyk Medical Simulations Private Limited |
| Shivashankar Nithin DIN 07695856 | Director | 24 Mar 2021 | 5 yrs 7 mo | Mimyk Medical Simulations Private Limited |
| Sasidhara Menon Raghu DIN 07742395 | Director | 24 Mar 2021 | 5 yrs 7 mo | Mimyk Medical Simulations Private Limited |
People of MIMYK
3 people are tracked at MIMYK (3 in leadership); the tracked headcount is 27.
| Name | Role | Group |
|---|---|---|
Nithin Shivshankar | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for MIMYK
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of MIMYK
Figures of Mimyk Medical Simulations Private Limited, the primary company behind MIMYK, for FY 2024. Revenue was ₹8.91 Cr (+2625% year on year). Net profit was ₹1.45 Cr (16% margin). EBITDA was ₹7.77 Cr (87% margin). Revenue has grown at a compounded annual rate of +173% over three years and +173% over five years.
- ₹8.91 CrRevenue · FY 2024 · +2625% YoY
- ₹1.45 CrNet profit · 16% margin
- ₹7.77 CrEBITDA · 87% margin
- ₹1.2 LakhPaid-up capital
- 27Employees (provident fund records)
- +173%Revenue CAGR, 3 years
- +173%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mimyk Medical Simulations Private Limited are on its company page.
Detailed financial statements for MIMYK
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of MIMYK
3 dated milestones of MIMYK across 3 years, from founding to its latest funding, stage changes and deals.
- Founded MIMYK is founded.
- Funding First funding round of $292K.
- Milestone Reaches Minicorn status.
Web traffic of MIMYK
The website of MIMYK (mimyk.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 104.5% vs previous month
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Complete news archive for MIMYK
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Frequently Asked Questions about MIMYK
MIMYK was founded in 2017 and raised its 1st funding round 3 years after it was founded.
MIMYK is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
MIMYK is a funded company, having raised a total of $292.06K across 1 funding round to date. The company's 1st funding round was a Seed of $292.06K, raised on Mar 2020.
MIMYK has 27 employees.
The primary company behind MIMYK, Mimyk Medical Simulations Private Limited, reported revenue of ₹8.91 Cr for FY 2024, up 2625% year on year.
MIMYK was founded in 2017 in Bengaluru, India, within the health technology sector. An AR-based simulation platform for endoscopy procedures is provided, incorporating ARVR, robotics, and visual computing technologies. Computer-aided medical procedures are supported, along with training for healthcare professionals. Operations focus on enabling precise simulations and educational tools in the medical field.
MIMYK offers Medical Device Design, Prototyping Services, and End-to-End Engineering.
MIMYK has 58 investors. Key investors include Saama Capital, 92 Angels, Viney Sahgal Family Trust, Indian Angel Network, and ACS Managed Services & Security.
The valuation of MIMYK is $1.82M as of Mar 2020.
MIMYK operates through Mimyk Medical Simulations Private Limited.
The legal entities of MIMYK currently have 3 directors, including Shanthanu Chakravarthy, Shivashankar Nithin, Sasidhara Menon Raghu.