About Mobile2Win India
Mobile2Win India is a Technology company based in Mumbai (India) founded in 2003 by Rajiv Hiranandani, and was acquired by Altruist Technologies in February 2009. It operates as a multi-category mobile utility applications are provided for users. Mobile2Win India has raised $16 million across 2 funding rounds from investors including Nexus Venture Partners, Norwest Venture Partners and Altruist Technologies. The company has 41 employees. Its chief executive is Dheeraj Aggarwal. Its Indian entity Mobile2win India Private Limited reported revenue of ₹22.07 Cr. The company was acqui-hired. Its focus areas include Consumer, Mobile App Studios, Horizontal and Mobile.
Company details
Mobile2Win India was established in 2003 and is based in Mumbai, India. Operations center on the development and distribution of mobile utility applications across various categories, including tools for productivity and entertainment. Services are targeted at mobile users in the technology sector, with management overseen by Co-Founder and Executive Director Rajiv Hiranandani and CEO Dheeraj Aggarwal. Focus remains on practical software solutions for diverse needs.
- Headquarters Mumbai, India
- Employees 41
- Founders Rajiv Hiranandani
- SectorsTechnology
- Website mobile2win.com
- Acquired by Altruist Technologies (Feb 2009)
- Legal Name Mobile2win India Private Limited
- Date of Incorporation 12 Sep, 2003
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹22.07 Cr
FY 2025 · -54% YoY
- Net Profit₹8.2 Lakh
FY 2025 · 0% margin
- EBITDA₹3.34 Cr
FY 2025 · 15% margin
- Total Equity Funding$16M (USD)
in 2 rounds
- Latest Funding Round$15M (USD), Series B
Nov 2006
- InvestorsNexus Venture Partners
& 3 more
- Employee Count41
- Acquired byAltruist Technologies
(Feb 2009)
Associated legal entities of Mobile2Win India
Mobile2Win India operates through Mobile2win India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mobile2win India Private Limited CIN U51395MH2003PTC142173 | Active | 12 Sep 2003 | Mumbai, Maharashtra | ₹22.1 Cr | 41 | 2 | View details |
Funding Insights of Mobile2Win India
Mobile2Win India has successfully raised a total of $16M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in November 2006. 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 $16M
- Total Rounds 2
- Last Round Series B — $15M
- First Round $1M
(Jan 2003)
- Investors Count 3
All 2 funding rounds of Mobile2Win India 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 2006 | $15M | Series B | – | Norwest Venture Partners, Nexus Venture Partners | – |
| Jan 2003 | $1M | Seed | – | – |
4 investors in total: 4 institutional.
Investors in Mobile2Win India
Mobile2Win India has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Nexus Venture Partners, Norwest Venture Partners and Altruist Technologies.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Venture capital firm that partners with entrepreneurs for product-first companies. | 2006 | nexusvp.com | Menlo Park, United States | |
Acquisitions in private equity are targeted by Smac Partners. | – | smacpartners.com | Unterhaching, Germany | |
Mobile value-added services are provided to telecom operators and businesses. | 2005 | altruistindia.com | Panchkula, India |
Investor details for Mobile2Win India
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mobile2win India Private Limited (Mobile2Win India)
Mobile2win India Private Limited is the primary company behind Mobile2Win India. The board of Mobile2win India Private Limited currently have 2 directors; the longest-serving is Sachin Jain, appointed in 2014. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sachin Jain DIN 07049601 | Director | 28 Dec 2014 | 11 yrs 9 mo | Mobile2win India Private Limited |
| Lalit Kumar DIN 07917139 | Director | 23 Aug 2017 | 9 yrs 1 mo | Mobile2win India Private Limited |
People of Mobile2Win India
2 people are tracked at Mobile2Win India (2 in leadership); the tracked headcount is 41.
| Name | Role | Group |
|---|---|---|
Rajiv Hiranandani | Co-Founder & Executive Director | Leadership |
Dheeraj Aggarwal | CEO | Leadership |
Complete people profiles for Mobile2Win India
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Mobile2Win India
Figures of Mobile2win India Private Limited, the primary company behind Mobile2Win India, for FY 2025. Revenue was ₹22.07 Cr (-54% year on year). Net profit was ₹8.2 Lakh (0% margin). EBITDA was ₹3.34 Cr (15% margin). Revenue has grown at a compounded annual rate of -3% over three years and +17% over five years.
- ₹22.07 CrRevenue · FY 2025 · -54% YoY
- ₹8.2 LakhNet profit · 0% margin
- ₹3.34 CrEBITDA · 15% margin
- ₹38.1 LakhPaid-up capital
- 41Employees (provident fund records)
- -3%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mobile2win India Private Limited are on its company page.
Detailed financial statements for Mobile2Win India
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Mobile2Win India
4 dated milestones of Mobile2Win India across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Mobile2Win India is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series B, of $15.0M.
- Exit Acquired by Altruist Technologies.
Top companies in Mobile App Studios
10 companies that operate in the same segment as Mobile2Win India (Mobile App Studios), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Mobile applications and AI technologies are developed and operated. | 2013 | Milan, Lombardy, Italy | USD 839.54 M | USD 56.07 M | – | |
Multi-category messaging and advertising applications are offered online. | 2010 | Jeju-si, Jeju-do, South Korea | – | USD 5.61 B | 4,030 | |
Mobile app studio developing personalization apps | 2009 | Beijing, China | USD 2 M | USD 959.64 M | 1,570 | |
Short-form video and content discovery platforms are developed. | 2012 | Beijing, China | USD 6.11 B | USD 21.99 M | – | |
App studio for consumer focussed photo & video apps | 2010 | Tokyo, Tokyo, Japan | USD 4.07 M | – | – | |
Mobile content services, including music, are provided across APAC. | 2000 | Bengaluru, Karnataka, India | USD 46.3 M | USD 55.1 M | 397 | |
Peak is recognized for developing brain training mobile applications. | 2012 | London, England, United Kingdom | USD 8.2 M | – | – | |
Security products for mobile and desktop devices are provided. | 2010 | Beijing, China | – | USD 160.04 M | 934 | |
Offers IT solutions including mobile apps, web, eCommerce, and blockchain development. | 2011 | Ahmedabad, Gujarat, India | – | USD 4.14 M | 1 | |
Provider of web and mobile app development services to business enterprises | 2017 | Tokyo, Tokyo, Japan | USD 15.78 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Mobile2win India
Complete news archive for Mobile2Win India
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mobile2Win India
Mobile2Win India was founded in 2003.
Mobile2Win India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Dheeraj Aggarwal is the current CEO of Mobile2Win India.
Mobile2Win India is a funded company, having raised a total of $16M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jan 2003.
Mobile2Win India has 41 employees.
The primary company behind Mobile2Win India, Mobile2win India Private Limited, reported revenue of ₹22.07 Cr for FY 2025, down 54% year on year.
Mobile2Win India was established in 2003 and is based in Mumbai, India. Operations center on the development and distribution of mobile utility applications across various categories, including tools for productivity and entertainment. Services are targeted at mobile users in the technology sector, with management overseen by Co-Founder and Executive Director Rajiv Hiranandani and CEO Dheeraj Aggarwal. Focus remains on practical software solutions for diverse needs.
Mobile2Win India has 4 investors. Key investors include Nexus Venture Partners, Norwest Venture Partners, Altruist Technologies, and Smac Partners.
Mobile2Win India operates through Mobile2win India Private Limited.
Yes. Mobile2Win India was acquired by Altruist Technologies in February 2009.
The legal entities of Mobile2Win India currently have 2 directors, including Sachin Jain, Lalit Kumar.