About MProfit
MProfit is a company based in Mumbai (India) founded in 2007 by Atik Shah, Pallav Kumud Bhatt, Kiran Shah, and Manish Jain. MProfit has raised $2 million across 1 funding round from investors including Enam Holdings, Gruhas and Samarthya Investment Advisors. The company has 49 employees as of April 05, 2024. MProfit offers products and services including MProfit Software and MProfit Mobile App. MProfit operates in a competitive market with competitors including Altruist, GeoWealth, Nucleus Financial, xalts and SnapTrade, among others.
- Headquarter Mumbai, India
- Employees 49 as on 05 Apr, 2024
- Founders Atik Shah, Pallav Kumud Bhatt, Kiran Shah, Manish Jain
- Stage Minicorn
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Sectors
Technology
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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 Mprofit Software Private Limited
- Date of Incorporation 03 Jan, 2007
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$405.6 K (USD)20.53as on Mar 31, 2023
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Net Profit
-$181.63 K (USD)-434.82as on Mar 31, 2023
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EBITDA
-$193.06 K (USD)-689.51as on Mar 31, 2023
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Nov 18, 2022
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Investors
Enam Holdings
& 10 more
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Employee Count
49
as on Apr 05, 2024
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Products & Services of MProfit
MProfit offers a comprehensive portfolio of products and services, including MProfit Software and MProfit Mobile App.
Platform for automating investment tracking and generating financial reports.
Mobile application for on-the-go portfolio monitoring and data import.
People of MProfit
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Funding Insights of MProfit
MProfit has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in November 2022. 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 1
- Last Round Seed — $2.0M
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First Round
First Round
(18 Nov 2022)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - MProfit | Valuation | Enam Holdings , Gruhas |
Investors in MProfit
MProfit has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Enam Holdings, Gruhas and Samarthya Investment Advisors.
| Investor | Description | Founded Year | Domain | Location |
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Investment in Indian capital markets and initiatives in asset management and renewable energy.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology-driven innovations and partnerships in India.
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Founded Year | Domain | Location | |
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Investment funding and strategic guidance are provided by Auxano.
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Founded Year | Domain | Location |
Investments & Acquisitions by MProfit
Financial Statements - MProfit
Mprofit Comparisons
Competitors of MProfit
MProfit 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 Altruist, GeoWealth, Nucleus Financial, xalts and SnapTrade, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Portfolio management software for financial advisors
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| domain | founded_year | HQ Location |
Integrated wealth management solutions are offered for advisors and institutions.
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| domain | founded_year | HQ Location |
Portfolio management solutions are offered to financial advisors.
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered via an online platform.
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| domain | founded_year | HQ Location |
Provider of API enabling brokerage account connectivity for data and trading
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| domain | founded_year | HQ Location |
Digital wealth tools are provided to empower financial advisors.
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Latest news on Mprofit
Frequently Asked Questions about MProfit
MProfit was founded in 2007 and raised its 1st funding round 15 years after it was founded.
MProfit is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kiran Shah is the current CEO of MProfit. They have also founded this company.
MProfit is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Nov 18, 2022.
As of Apr 05, 2024, the latest employee count at MProfit is 49.
Annual revenue of MProfit is $405.6K as on Mar 31, 2023.
MProfit was founded in 2007 in Mumbai, India, within the fintech sector. Multi-asset investment portfolios are tracked through a platform that consolidates holdings from diverse sources. Trade data is imported automatically, performance is monitored, XIRR is calculated, and capital gains reports are generated in formats compliant with tax requirements. Support extends to asset classes including stocks, mutual funds, and bonds, while analytical and performance reports are delivered for portfolio evaluation.
MProfit's top competitors include Altruist, Nucleus Financial and QPLIX.
MProfit offers MProfit Software and MProfit Mobile App.
MProfit has 11 investors. Key investors include Enam Holdings, Gruhas, Samarthya Investment Advisors, Auxano, and Rainmatter.
The valuation of MProfit is $7.02M as of Nov 2022.