About Mitron
Mitron is a Media & Entertainment company based in Bengaluru (India) founded in 2020 by Shivank Agarwal, and was acquired by Koo in June 2022. Social platform for sharing short videos. Mitron has raised $8.62 million across 4 funding rounds from investors including Venture Catalysts, LetsVenture and Nexus Venture Partners. The company has 3 employees. Mitron was last valued at $36.11 million in August 2020. Its chief executive, as recorded, is Shivank Agarwal. Its Indian entity Shovid Technologies Private Limited reported revenue of ₹30.3 Lakh. Its focus areas include Consumer, Social Platforms, Horizontal and Video Sharing. Its competitors include VerSe, Josh and Chingari; 2 of its 3 listed competitors have raised funding.
Company details
Mitron was founded in 2020 in Bengaluru, India, as a social media platform focused on short video sharing. Humorous videos are produced by users, who apply various filters before sharing with the community. Operations center on content creation and interaction features. The platform is accessible exclusively via an Android application, targeting mobile users in the digital entertainment sector.
- Headquarters Bengaluru, India
- Employees 3
- Founders Shivank Agarwal
- Stage Acquired
- SectorsMedia & Entertainment
- Website mitron.tv
- Acquired by Koo (Jun 2022)
- Legal Name Mitron Tv Private Limited
- Date of Incorporation 31 May, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹30.3 Lakh
FY 2024 · +87% YoY
- Net Loss-₹4.6 Lakh
FY 2024 · -15% margin
- EBITDA₹8.3 Lakh
FY 2024 · 27% margin
- Total Equity Funding$8.62M (USD)
in 4 rounds
- Latest Funding Round$3.33M (USD), Series A
Nov 2020
- InvestorsVenture Catalysts
& 33 more
- Employee Count3
- Acquired byKoo
(Jun 2022)
Associated legal entities of Mitron
Mitron operates through Shovid Technologies 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 |
|---|---|---|---|---|---|---|---|
| Shovid Technologies Private Limited CIN U74999KA2020PTC134455 | Active | 31 May 2020 | Bangalore, Karnataka | ₹0.3 Cr | 3 | 2 | View details |
Funding Insights of Mitron
Mitron has successfully raised a total of $8.62M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.33 million completed in November 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 $8.62M
- Total Rounds 4
- Last Round Series A — $3.33M
- First Round $285,444
(Jun 2020)
- Investors Count 33
All 4 funding rounds of Mitron 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 |
|---|---|---|---|---|---|
| Nov 2020 | $3.33M | Series A | – | Venture Catalysts, 100Unicorns | |
| Sep 2020 | Series A | – | Pratithi Investments | – | |
| Aug 2020 | $5M | Series A | $36.11M | Nexus Venture Partners | |
| Jun 2020 | $285,444 | Seed | $2.17M | 3one4 Capital, LetsVenture |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2020 | $36.11M | •••••••• |
| Jun 2020 | $2.17M | •••••••• |
Last known valuation $36.11M (Aug 2020). 34 investors in total: 11 institutional and 23 angel.
Investors in Mitron
Mitron has secured backing from 34 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Venture Catalysts, LetsVenture and Nexus Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private investment arm of Kris Gopalakrishnan Family Office. | 2014 | pratithi.com | Bengaluru, India | |
Venture capital firm investing in early stage startups | waveform.vc | Gurugram, India | ||
Venture capital firm that partners with entrepreneurs for product-first companies. | 2006 | nexusvp.com | Menlo Park, United States | |
Venture capital investments in technology sectors like SaaS and Fintech in India. | 2016 | 3one4capital.com | Bengaluru, India | |
Private equity firm focused in multiple sectors | Delhi, India | |||
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
A startup accelerator offering funding and support to early-stage companies. | 2020 | 100unicorns.in | Mumbai, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Provider of personal finance and income tax consultancy services | prudent-advisors.com | |||
Investor details for Mitron
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Shovid Technologies Private Limited (Mitron)
Shovid Technologies Private Limited is the primary company behind Mitron. The board of Shovid Technologies Private Limited currently have 2 directors; the longest-serving is Rajrani Agrawal, appointed in 2022. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajrani Agrawal DIN 09650371 | Director | 19 Sep 2022 | 4 yrs 1 mo | Shovid Technologies Private Limited |
| Shivank Agarwal DIN 07326073 | Additional Director | 31 Mar 2025 | 1 yr 7 mo | Shovid Technologies Private Limited |
People of Mitron
1 people are tracked at Mitron (1 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for Mitron
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Mitron
Figures of Shovid Technologies Private Limited, the primary company behind Mitron, for FY 2024. Revenue was ₹30.3 Lakh (+87% year on year). Net loss was -₹4.6 Lakh (-15% margin). EBITDA was ₹8.3 Lakh (27% margin). Revenue has grown at a compounded annual rate of +97% over three years.
- ₹30.3 LakhRevenue · FY 2024 · +87% YoY
- -₹4.6 LakhNet loss · -15% margin
- ₹8.3 LakhEBITDA · 27% margin
- ₹15 LakhPaid-up capital
- 3Employees (provident fund records)
- +97%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Shovid Technologies Private Limited are on its company page.
Detailed financial statements for Mitron
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Mitron
5 dated milestones of Mitron across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Mitron is founded.
- Funding First funding round of $285K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.3M.
- Exit Acquired by Koo.
Competitors of Mitron
Mitron has 3 listed competitors in our database, 2 of them funded. They include VerSe, Josh and Chingari.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| verse.in | 2007 | Bengaluru, India | $1.68B | 669 | Developer of a short-video platform and technology infrastructure | |
| myjosh.in | 2016 | Bengaluru, India | 283 | Short videos are shared on a social platform by users. | ||
| chingari.io | 2018 | Bengaluru, India | $61.55M | 68 | Social media platform that helps users to create and monetize short-form video content |
Detailed competitors of Mitron
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Related news about Mitron
Complete news archive for Mitron
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Frequently Asked Questions about Mitron
Mitron was founded in 2020.
Mitron is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shivank Agarwal is the CEO of Mitron, as recorded in our data. They have also founded this company.
Mitron is a funded company, having raised a total of $8.62M across 4 funding rounds to date. The company's 1st funding round was a Seed of $285.44K, raised on Jun 2020.
Mitron has 3 employees.
The primary company behind Mitron, Shovid Technologies Private Limited, reported revenue of ₹30.3 Lakh for FY 2024, up 87% year on year.
Mitron was founded in 2020 in Bengaluru, India, as a social media platform focused on short video sharing. Humorous videos are produced by users, who apply various filters before sharing with the community. Operations center on content creation and interaction features. The platform is accessible exclusively via an Android application, targeting mobile users in the digital entertainment sector.
Mitron has 34 investors. Key investors include Venture Catalysts, LetsVenture, Nexus Venture Partners, 3one4 Capital, and 100Unicorns.
The valuation of Mitron is $36.11M as of Aug 2020.
Mitron operates through Shovid Technologies Private Limited.
Yes. Mitron was acquired by Koo in June 2022.