About MIMYK
MIMYK is a company based in Bengaluru (India) founded in 2017 by Nithin Shivshankar, Shanthanu Chakravarthy, and Balaji Gopal.. 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 as of April 05, 2024. MIMYK offers products and services including Medical Device Design, Prototyping Services, and End-to-End Engineering. MIMYK operates in a competitive market with competitors including Auris Health, MedInTech, Aohua Endoscopy, UnivLabs and EvoEndo, among others.
- Headquarter Bengaluru, India
- Employees 27 as on 05 Apr, 2024
- Founders Nithin Shivshankar, Shanthanu Chakravarthy, Balaji Gopal
- Stage Minicorn
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Sectors
Healthcare
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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 Mimyk Medical Simulations Private Limited
- Date of Incorporation 08 Aug, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$39.33 K (USD)20.16as on Mar 31, 2023
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Net Profit
$-78.78 K (USD)-45.33as on Mar 31, 2023
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EBITDA
$-81.75 K (USD)-39.63as on Mar 31, 2023
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Total Equity Funding
$292.06 K (USD)
in 1 rounds
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Latest Funding Round
$292.06 K (USD), Seed
Mar 28, 2020
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Investors
Saama Capital
& 57 more
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Employee Count
27
as on Apr 05, 2024
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Products & Services of MIMYK
MIMYK offers a comprehensive portfolio of products and services, including Medical Device Design, Prototyping Services, and End-to-End Engineering. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 1
- Last Round Seed — $292,062
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First Round
First Round
(28 Mar 2020)
- Investors Count 58
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Seed - MIMYK | Valuation | 92 Angels |
| 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 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. 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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Angel network focused on pre-seed & seed-stage startups
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Founded Year | Domain | Location | |
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Family assets are managed by the Viney Sahgal Family Trust.
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Founded Year | Domain | Location | |
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Angel investor network investing in early-stage startups
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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 MIMYK
| 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 - MIMYK
| 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 |
Mimyk Comparisons
Competitors of MIMYK
MIMYK 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 Auris Health, MedInTech, Aohua Endoscopy, UnivLabs and EvoEndo, 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 |
Robotic microsurgical systems for endoscopy are developed.
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| domain | founded_year | HQ Location |
Medical device technologies are developed with AI for diagnostics.
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| domain | founded_year | HQ Location |
Endoscopic devices and accessories are developed for medical use.
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| domain | founded_year | HQ Location |
Endoscopic medical devices are designed and manufactured for surgical applications.
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| domain | founded_year | HQ Location |
A medical device for un-sedated pediatric endoscopy is developed.
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| domain | founded_year | HQ Location |
Technology to extract and purify volatile anesthetic gases is developed.
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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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Frequently Asked Questions about MIMYK
When was MIMYK founded?
MIMYK was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is MIMYK located?
MIMYK is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is MIMYK a funded company?
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 28, 2020.
How many employees does MIMYK have?
As of Apr 05, 2024, the latest employee count at MIMYK is 27.
What is the annual revenue of MIMYK?
Annual revenue of MIMYK is $39.33K as on Mar 31, 2023.
What does MIMYK do?
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.
Who are the top competitors of MIMYK?
MIMYK's top competitors include Auris Health, SageTech Medical Equipment and EvoEndo.
What products or services does MIMYK offer?
MIMYK offers Medical Device Design, Prototyping Services, and End-to-End Engineering.
Who are MIMYK's investors?
MIMYK has 58 investors. Key investors include Saama Capital, 92 Angels, Viney Sahgal Family Trust, Indian Angel Network, and ACS Managed Services & Security.
What is MIMYK's valuation?
The valuation of MIMYK is $1.82M as of Mar 2020.