About MobiGarage
MobiGarage is a Retail company based in Delhi (India) founded in 2017 by Vaibhav Kapoor. Online second-hand platform offering refurbished mobile phones. MobiGarage has raised $1.65 million across 7 funding rounds from investors including LetsVenture, Mobavenue and Appyhigh. The company has 59 employees. MobiGarage was last valued at $5.47 million in March 2021. Its Indian entity Fuevation Technology Solutions Private Limited reported revenue of ₹28.73 Cr. Its focus areas include Consumer Electronics E-Commerce, Second Hand, Smartphones and Inventory Led Reseller. Its competitors include Yaantra, ControlZ and InstaCash; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Employees 59
- Founders Vaibhav Kapoor
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website mobigarage.com
- Social LinkedIn X
- Legal Name Fuevation Technology Solutions Private Limited
- Date of Incorporation 24 Jan, 2020
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹28.73 Cr
FY 2024 · +11% YoY
- Net Loss-₹1.42 Cr
FY 2024 · -5% margin
- EBITDA-₹91.3 Lakh
FY 2024 · -3% margin
- Total Equity Funding$1.65M (USD)
in 7 rounds
- Latest Funding Round$112.64K (USD), Series A
May 2024
- InvestorsLetsVenture
& 78 more
- Employee Count59
Associated legal entities of MobiGarage
MobiGarage operates through Fuevation Technology Solutions 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 |
|---|---|---|---|---|---|---|---|
| Fuevation Technology Solutions Private Limited CIN U52100DL2020PTC360848 | Active | 24 Jan 2020 | New Delhi, Delhi | ₹28.7 Cr | 59 | 2 | View details |
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 $1.65M
- Total Rounds 7
- Last Round Series A — $112,642
- First Round $149,333
(Aug 2020)
- Investors Count 79
All 7 funding rounds of MobiGarage 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 |
|---|---|---|---|---|---|
| May 2024 | $112,642 | Series A | – | – | |
| Sep 2023 | Series A | – | Soonicorn Ventures | – | |
| Jul 2023 | $411,620 | Series A | – | – | |
| Aug 2022 | Series A | – | SOSV | ||
| Jun 2021 | Seed | – | Orbit Startups | – | |
| Mar 2021 | $977,682 | Seed | $5.47M | SOSV | |
| Aug 2020 | $149,333 | Seed | $1.8M | MOX |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $5.47M | •••••••• |
| Aug 2020 | $1.8M | •••••••• |
Last known valuation $5.47M (Mar 2021). 79 investors in total: 17 institutional and 62 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment platform for building investor communities and facilitating startup deals. | 2022 | soonicornventures.com | Gurugram, India | |
Venture capital and accelerator services are provided across multiple sectors. | sosv.com | Cork, Ireland | ||
Venture capital and private debt fund focused on climate, agrifood, health, AI, and multiple sectors | artesianinvest.com | Sydney, Australia | ||
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Web application platform requiring JavaScript for services. | 2018 | appyhigh.com | Gurugram, India | |
Startups are incubated across sectors without restrictions. | orbitstartups.com | Shanghai, China | ||
Early-stage tech startups are supported via investments and advisory services. | ice.vc | Mumbai, India | ||
Mobile startups are accelerated via SOSV-backed 3-month program. | mobileonlyx.com | Taipei, Taiwan | ||
| nextgentechnologyfund.tcc.mode | ||||
| firstportcapital.tcc.mode |
Investor details for MobiGarage
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Fuevation Technology Solutions Private Limited (MobiGarage)
Fuevation Technology Solutions Private Limited is the primary company behind MobiGarage. The board of Fuevation Technology Solutions Private Limited currently have 2 directors; the longest-serving is Vivek Kapoor, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Kapoor DIN 08679474 | Whole-time director | 24 Jan 2020 | 6 yrs 8 mo | Fuevation Technology Solutions Private Limited |
| Pulkit Kapoor DIN 07853885 | Whole-time director | 24 Jan 2020 | 6 yrs 8 mo | Fuevation Technology Solutions Private Limited |
People of MobiGarage
1 people are tracked at MobiGarage (1 in leadership); the tracked headcount is 59.
| Name | Role | Group |
|---|---|---|
Vaibhav Kapoor | Founder | Leadership |
Complete people profiles for MobiGarage
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 MobiGarage
Figures of Fuevation Technology Solutions Private Limited, the primary company behind MobiGarage, for FY 2024. Revenue was ₹28.73 Cr (+11% year on year). Net loss was -₹1.42 Cr (-5% margin). EBITDA was -₹91.3 Lakh (-3% margin).
- ₹28.73 CrRevenue · FY 2024 · +11% YoY
- -₹1.42 CrNet loss · -5% margin
- -₹91.3 LakhEBITDA · -3% margin
- ₹1.4 LakhPaid-up capital
- 59Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Fuevation Technology Solutions Private Limited are on its company page.
Detailed financial statements for MobiGarage
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of MobiGarage
4 dated milestones of MobiGarage across 7 years, from founding to its latest funding, stage changes and deals.
- Founded MobiGarage is founded.
- Funding First funding round of $149K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $113K.
Competitors of MobiGarage
MobiGarage has 3 listed competitors in our database, 3 of them funded. They include Yaantra, ControlZ and InstaCash.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yaantra.com | 2013 | Noida, India | $16.8M | 138 | Second-hand smartphones and accessories are sold through an online platform. | |
| controlz.world | 2002 | Gurugram, India | $3M | 55 | Second-hand mobiles and accessories are retailed online. | |
| getinstacash.in | 2017 | Jaipur, India | $687,107 | 10 | Pre-owned smartphones are bought back online via condition-based quoting. |
Detailed competitors of MobiGarage
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of MobiGarage
Websites that share an audience with MobiGarage (mobigarage.com).
Websites whose visitors overlap most with MobiGarage. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
startupbizhub.com | startupbizhub.com | 100% | #12,105,828 | – |
Top companies in Consumer Electronics E-Commerce
3 companies that operate in the same segment as MobiGarage (Consumer Electronics E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Refurbished and new gadgets are offered through an online marketplace. | 2009 | Gurugram, Haryana, India | USD 130.05 M | USD 99.25 M | 1,264 | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Personal audio products, wearables, and mobile accessories are retailed. | 2016 | Gurugram, Haryana, India | USD 206 M | USD 366.28 M | 495 |
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Related news about Mobigarage
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. The company's 1st funding round was a Seed of $149.33K, raised on Aug 2020.
MobiGarage has 59 employees.
The primary company behind MobiGarage, Fuevation Technology Solutions Private Limited, reported revenue of ₹28.73 Cr for FY 2024, up 11% year on year.
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 has 79 investors. Key investors include LetsVenture, Mobavenue, Appyhigh, Soonicorn Ventures, and SOSV.
The valuation of MobiGarage is $5.47M as of Mar 2021.
MobiGarage operates through Fuevation Technology Solutions Private Limited.
The legal entities of MobiGarage currently have 2 directors, including Vivek Kapoor, Pulkit Kapoor.