About Mosambee
Mosambee is a company based in Mumbai (India) founded in 2011 by Bhushan Thaker and Alok Arora was acquired by Pine Labs in April 2022.. Mosambee has raised $5.14 million across 8 funding rounds from investors including Pine Labs, SIDBI Venture Capital and Rajasthan Venture Capital Fund. Mosambee offers products and services including Tap on Phone, Online Store, Super App, and Business Tools. Mosambee operates in a competitive market with competitors including PayRange, FreedomPay, CM Telecom, QueueBuster and CardSpring, among others.
- Headquarter Mumbai, India
- Founders Bhushan Thaker, Alok Arora
- Stage Minicorn
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Sectors
Financial Services
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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 Synergistic Financial Networks Private Limited
- Date of Incorporation 12 Mar, 2008
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$22.55 M (USD)31.66as on Mar 31, 2023
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Net Profit
$1.82 M (USD)-29.59as on Mar 31, 2023
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EBITDA
$3 M (USD)-26.21as on Mar 31, 2023
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Total Equity Funding
$5.14 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
Pine Labs
& 56 more
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Employee Count
Employee Count
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Acquired by
Pine Labs
(Apr 13, 2022)
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Products & Services of Mosambee
Mosambee offers a comprehensive portfolio of products and services, including Tap on Phone, Online Store, Super App, and Business Tools. 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.
Enables contactless card payments using NFC on mobile devices.
Allows businesses to create and manage digital shops online.
Streamlines payments, analytics, and operations in one application.
Includes loan applications and inventory management for efficiency.
Funding Insights of Mosambee
Mosambee has successfully raised a total of $5.14M across 8 strategic funding rounds. 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 8
- Last Round Last Round
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First Round
First Round
(15 Feb 2012)
- Investors Count 56
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - Mosambee | Valuation | Rajasthan Venture Capital Fund , SIDBI Venture Capital |
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| Sep, 2021 | Amount | Angel Round - Mosambee | Valuation |
investors |
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| Mar, 2017 | Amount | Debt – Conventional - Mosambee | 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 Mosambee
Mosambee has secured backing from 57 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Pine Labs, SIDBI Venture Capital and Rajasthan Venture Capital Fund. 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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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital management for SMEs and startups in India.
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Founded Year | Domain | Location | |
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Investors are connected with startups via an online platform.
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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 Mosambee
| 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 - Mosambee
| 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 |
Mosambee Comparisons
Competitors of Mosambee
Mosambee 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 PayRange, FreedomPay, CM Telecom, QueueBuster and CardSpring, 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 |
Mobile payments for vending machines are facilitated via smartphone app.
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| domain | founded_year | HQ Location |
Online payment gateway and MPOS solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Provider of engagement platform with AI agents and unified data tools
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| domain | founded_year | HQ Location |
All-in-one POS and business management system is provided.
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| domain | founded_year | HQ Location |
Mobile applications are connected to payment cards via APIs.
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| domain | founded_year | HQ Location |
Android devices are converted into POS systems for contactless payments.
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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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Latest news on Mosambee
Frequently Asked Questions about Mosambee
When was Mosambee founded?
Mosambee was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Mosambee located?
Mosambee is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Mosambee?
Alok Arora is the current CEO of Mosambee. They have also founded this company.
Is Mosambee a funded company?
Mosambee is a funded company, having raised a total of $5.14M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $598.93K, raised on Feb 15, 2012.
What is the annual revenue of Mosambee?
Annual revenue of Mosambee is $22.55M as on Mar 31, 2023.
What does Mosambee do?
Mosambee was founded in 2011 in Mumbai, India, and operates in the fintech sector focused on payment processing. A compliant tablet-based mobile point-of-sale system is provided, enabling end-to-end handling of bank transfers, cash, cheques, debit, and credit card transactions. Vendors are supported through an EMV device that connects via Bluetooth to mobile phones, allowing merchants to manage sales with various payment methods.
Who are the top competitors of Mosambee?
Mosambee's top competitors include PayRange, FreedomPay and CM Telecom.
What products or services does Mosambee offer?
Mosambee offers Tap on Phone, Online Store, Super App, and Business Tools.
Who are Mosambee's investors?
Mosambee has 57 investors. Key investors include Pine Labs, SIDBI Venture Capital, Rajasthan Venture Capital Fund, Startup.Inc, and Girija Ram.
What is Mosambee's valuation?
The valuation of Mosambee is $55.43M as of Sep 2021.
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