About MNG Airlines
MNG Airlines is a company based in Istanbul (Turkey) founded in 1996 by Mehmet Nazif Gunal.. MNG Airlines has raised $211.2 million across 1 funding round from investors including Ghitha. MNG Airlines offers products and services including Scheduled Cargo and Charter Cargo.
- Headquarter Istanbul, Turkey
- Founders Mehmet Nazif Gunal
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Sectors
Transportation, Automotive & Logistics
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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 Mng Airlines
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$211.2 M (USD)
in 1 rounds
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Latest Funding Round
$211.2 M (USD), Private Equity Round
Feb 01, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of MNG Airlines
MNG Airlines offers a comprehensive portfolio of products and services, including Scheduled Cargo and Charter Cargo. 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.
Scheduled cargo flights are provided by MNG Airlines for regular transportation needs
Charter cargo services are offered by MNG Airlines for customized transportation solutions
Funding Insights of MNG Airlines
MNG Airlines has successfully raised a total of $211.2M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $211.2 million completed in February 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 1
- Last Round Private Equity Round — $211.2M
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First Round
First Round
(01 Feb 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Private Equity Round - MNG Airlines | Valuation |
investors |
| 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 MNG Airlines
MNG Airlines has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ghitha. 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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Retailer & distributor of consolidates food, agriculture, vegetable oil, and other products
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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 MNG Airlines
| 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 - MNG Airlines
| 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 |
Mng Airlines Comparisons
Competitors of MNG Airlines
| 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 MNG Airlines
When was MNG Airlines founded?
MNG Airlines was founded in 1996 and raised its 1st funding round 28 years after it was founded.
Where is MNG Airlines located?
MNG Airlines is headquartered in Istanbul, Turkey.
Is MNG Airlines a funded company?
MNG Airlines is a funded company, having raised a total of $211.2M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $211.2M, raised on Feb 01, 2024.
What does MNG Airlines do?
MNG Airlines was founded in 1996 in Istanbul, Turkey, as a cargo airline focused on the aviation sector. Scheduled cargo services are operated across countries including Germany, England, France, the United States, China, Italy, and the United Arab Emirates. Logistics, aircraft maintenance, and civil aviation services are also handled. Personnel are trained in accordance with IATA dangerous goods standards. The company was established by Mehmet Nazif Gunal.
What products or services does MNG Airlines offer?
MNG Airlines offers Scheduled Cargo and Charter Cargo.
Who are MNG Airlines's investors?
MNG Airlines has 1 investor. Key investors include Ghitha.