About Mudrex
Mudrex is a company based in Bengaluru (India) founded in 2018 by Alankar Saxena and Edul Patel.. Mudrex has raised $21.47 million across 4 funding rounds from investors including Tribe Capital, Nexus Venture Partners and Arkam Ventures. Mudrex operates in a competitive market with competitors including Crypto Facilities, Auros, CoinRoutes, Soon and CyberX, among others.
- Headquarter Bengaluru, India
- Founders Alankar Saxena, Edul Patel
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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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Annual Revenue
$48.08 M (USD)4959as on Mar 31, 2024
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Net Profit
$279.21 K (USD)5994as on Mar 31, 2024
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EBITDA
$381.64 K (USD)30766as on Mar 31, 2024
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Total Equity Funding
$21.47 M (USD)
in 4 rounds
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Latest Funding Round
$12.32 M (USD), Series A
Jul 20, 2022
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Investors
Tribe Capital
& 8 more
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Employee Count
Employee Count
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Funding Insights of Mudrex
Mudrex has successfully raised a total of $21.47M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $12.32 million completed in July 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 4
- Last Round Series A — $12.3M
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First Round
First Round
(26 Feb 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - Mudrex | Valuation |
investors |
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| Dec, 2021 | Amount | Seed - Mudrex | Valuation | Arkam Ventures | |
| Aug, 2021 | Amount | Seed - Mudrex | Valuation | Nexus Venture Partners , Village Global |
| 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 Mudrex
Mudrex has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Tribe Capital, Nexus Venture Partners and Arkam Ventures. 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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Investments are made in global seed and early-stage startups.
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Founded Year | Domain | Location | |
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Tech-enabled sectors are invested in by the venture capital fund.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage start-ups
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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 Mudrex
| 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 - Mudrex
| 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 |
Mudrex Comparisons
Competitors of Mudrex
Mudrex 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 Crypto Facilities, Auros, CoinRoutes, Soon and CyberX, 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 |
Bitcoin derivatives are traded with daily blockchain settlements provided.
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| domain | founded_year | HQ Location |
Algorithmic trading and market-making services are offered globally.
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| domain | founded_year | HQ Location |
Algorithmic trading for cryptocurrencies is enabled via a specialized platform.
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| domain | founded_year | HQ Location |
Automated crypto investing solutions are provided by Soon.
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| domain | founded_year | HQ Location |
Automated cryptocurrency trading across multiple exchanges is facilitated.
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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 Mudrex
Frequently Asked Questions about Mudrex
When was Mudrex founded?
Mudrex was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Mudrex located?
Mudrex is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Mudrex?
Edul Patel is the current CEO of Mudrex. They have also founded this company.
Is Mudrex a funded company?
Mudrex is a funded company, having raised a total of $21.47M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Feb 26, 2019.
What is the annual revenue of Mudrex?
Annual revenue of Mudrex is $48.08M as on Mar 31, 2024.
What does Mudrex do?
Mudrex was founded in 2018 in Bengaluru, India, as a platform in the cryptocurrency sector. Systematic token investments are enabled, with tools for risk management and regular investing provided. Perpetual crypto contracts with leverage and liquidity are offered, alongside theme-based baskets for diversified, rebalanced portfolios. Fiat onoff ramps support various deposit methods, while educational resources and security measures, including insured funds and encrypted data, are maintained.
Who are the top competitors of Mudrex?
Mudrex's top competitors include Auros, Crypto Facilities and CoinRoutes.
Who are Mudrex's investors?
Mudrex has 9 investors. Key investors include Tribe Capital, Nexus Venture Partners, Arkam Ventures, QED Investors, and Village Global.