MobiGarage

Delhi, India Founded: 2017 • Age: 9 yrs
Online second-hand platform offering refurbished mobile phones
Annual revenue $3.4M Latest available
Total funding $1.7M 7 rounds
Employees 59 Tracked headcount
Investors 79 Known backers
Products - Services tracked
Competitors 8 Brand Intelligence

About MobiGarage

MobiGarage is a company based in Delhi (India) founded in 2017 by Vaibhav Kapoor. MobiGarage has raised $1.65 million across 7 funding rounds from investors including LetsVenture, Mobavenue and Appyhigh. The company has 59 employees as of November 13, 2024. MobiGarage operates in a competitive market with competitors including Yaantra, ControlZ, InstaCash, Grest and Yibeal, among others.

  • Headquarter Delhi, India
  • Employees 59 as on 13 Nov, 2024
  • Founders Vaibhav Kapoor
  • Stage Minicorn
  • Sectors
    Retail
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Fuevation Technology Solutions Private Limited
  • Date of Incorporation 24 Jan, 2020
  • Jurisdiction New Delhi, Delhi, India
Operational Areas
Retail → E-Commerce Platforms & Marketplaces Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $3.36 M (USD)
    124.38
    as on Mar 31, 2024
  • Net Profit
    -$166.42 K (USD)
    -112.18
    as on Mar 31, 2024
  • EBITDA
    -$194.07 K (USD)
    40.83
    as on Mar 31, 2024
  • Total Equity Funding
    $1.65 M (USD)

    in 7 rounds

  • Latest Funding Round
    $112.64 K (USD), Series A

    May 10, 2024

  • Investors
    LetsVenture

    & 78 more

  • Employee Count
    59

    as on Nov 13, 2024

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Funding Insights of MobiGarage

MobiGarage has successfully raised a total of $1.65M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $112.64 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.

Investors in MobiGarage

MobiGarage has secured backing from 79 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, Mobavenue and Appyhigh.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Investment platform for building investor communities and facilitating startup deals.
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Venture capital and accelerator services are provided across multiple sectors.
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Venture capital and private debt fund focused on climate, agrifood, health, AI, and multiple sectors
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Investor details for MobiGarage

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  • Investor domains
  • Investor locations
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  • Participation history

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Investments & Acquisitions by MobiGarage

Investments
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Investment portfolio details for MobiGarage

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Financial Statements - MobiGarage

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Detailed financials for MobiGarage

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Mobigarage Comparisons

MobiGarage Primary company
Description
Online second-hand platform offering refurbished mobile phon...
Location
Delhi, India
Founded Year
2017
Annual Revenue
$3.36 M (USD)
Net Profit
-$166.42 K (USD)
EBITDA
-$194.07 K (USD)
Employees
59
As of 2024
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Peer comparison for MobiGarage

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Competitors of MobiGarage

MobiGarage 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 Yaantra, ControlZ, InstaCash, Grest and Yibeal, among others.

Company Name Domain Founded year HQ Location Description
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Second-hand smartphones and accessories are sold through an online platform.
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Second-hand mobiles and accessories are retailed online.
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Pre-owned smartphones are bought back online via condition-based quoting.
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Refurbished premium smartphones are offered via an online platform.
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Refurbished electronics are offered for purchase on an online platform.
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Detailed competitors of MobiGarage

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Latest news on Mobigarage

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Complete news archive for MobiGarage

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Frequently Asked Questions about MobiGarage

MobiGarage was founded in 2017 and raised its 1st funding round 3 years after it was founded.

MobiGarage is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

MobiGarage is a funded company, having raised a total of $1.65M across 7 funding rounds to date.

As of Nov 13, 2024, the latest employee count at MobiGarage is 59.

Annual revenue of MobiGarage is $3.36M as on Mar 31, 2024.

MobiGarage was established in 2017 in Delhi, India, by Vaibhav Kapoor. An online platform is operated for the sale of refurbished second-hand mobile phones across multiple brands and categories. Quality-checking procedures are applied to verify product conditions. The e-commerce service focuses on the consumer electronics sector, serving customers primarily in India through its domain mobigarage.com.

MobiGarage's top competitors include Yaantra, InstaCash and Grest.

MobiGarage has 79 investors. Key investors include LetsVenture, Mobavenue, Appyhigh, Soonicorn Ventures, and SOSV.

The valuation of MobiGarage is $5.47M as of Mar 2021.

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