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
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Sectors
Retail
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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 Fuevation Technology Solutions Private Limited
- Date of Incorporation 24 Jan, 2020
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$3.36 M (USD)124.38as on Mar 31, 2024
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Net Profit
$-166.42 K (USD)-112.18as on Mar 31, 2024
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EBITDA
$-194.07 K (USD)40.83as on Mar 31, 2024
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Total Equity Funding
$1.65 M (USD)
in 7 rounds
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Latest Funding Round
$112.64 K (USD), Series A
May 10, 2024
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Investors
LetsVenture
& 78 more
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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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series A — $112,642
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First Round
First Round
(10 Aug 2020)
- Investors Count 79
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - MobiGarage | Valuation |
investors |
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| Sep, 2023 | Amount | Series A - MobiGarage | Valuation | Soonicorn Ventures |
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| Jul, 2023 | Amount | Series A - MobiGarage | 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 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. 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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Investment platform for building investor communities and facilitating startup deals.
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Founded Year | Domain | Location | |
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Venture capital and accelerator services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital and private debt fund focused on climate, agrifood, health, AI, and multiple sectors
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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 MobiGarage
| 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 - MobiGarage
| 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 |
Mobigarage Comparisons
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. 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 |
Second-hand smartphones and accessories are sold through an online platform.
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| domain | founded_year | HQ Location |
Second-hand mobiles and accessories are retailed online.
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| domain | founded_year | HQ Location |
Pre-owned smartphones are bought back online via condition-based quoting.
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| domain | founded_year | HQ Location |
Refurbished premium smartphones are offered via an online platform.
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| domain | founded_year | HQ Location |
Refurbished electronics are offered for purchase on an online platform.
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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 MobiGarage
When was MobiGarage founded?
MobiGarage was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is MobiGarage located?
MobiGarage is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is MobiGarage a funded company?
MobiGarage is a funded company, having raised a total of $1.65M across 7 funding rounds to date. The company's 1st funding round was a Series A of $411.62K, raised on Aug 10, 2020.
How many employees does MobiGarage have?
As of Nov 13, 2024, the latest employee count at MobiGarage is 59.
What is the annual revenue of MobiGarage?
Annual revenue of MobiGarage is $3.36M as on Mar 31, 2024.
What does MobiGarage do?
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.
Who are the top competitors of MobiGarage?
Who are MobiGarage's investors?
MobiGarage has 79 investors. Key investors include LetsVenture, Mobavenue, Appyhigh, Soonicorn Ventures, and SOSV.
What is MobiGarage's valuation?
The valuation of MobiGarage is $5.47M as of Mar 2021.