About muvin
muvin is a Financial Services company based in Bengaluru (India) founded in 2018 by Mukund V Rao and Vineet Gupta. Digital banking services for individuals are offered by Muvin. muvin has raised $4 million across 2 funding rounds from investors including Alteria Capital, WaterBridge Ventures and Krishna Bhupal. The company has 25 employees. Its Indian entity Finone Technologies Private Limited reported revenue of ₹42.6 Lakh. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its competitors include Niyo, Freo and Avail Finance; 3 of its 3 listed competitors have raised funding.
Company details
Detailed information about muvins operations, sectors, or solutions is not available on the website. The content is insufficient to describe the companys focus or offerings.
- Headquarters Bengaluru, India
- Employees 25
- Founders Mukund V Rao, Vineet Gupta
- SectorsFinancial Services
- Email••••••••
- Website muvin.in
- Social LinkedIn
- Legal Name Finone Technologies Private Limited
- Date of Incorporation 28 Nov, 2020
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹42.6 Lakh
FY 2024 · -44% YoY
- Net Loss-₹11.20 Cr
FY 2024 · -2630% margin
- EBITDA-₹9.44 Cr
FY 2024 · -2215% margin
- Total Equity Funding$4M (USD)
in 2 rounds
- Latest Funding Round$3M (USD), Seed
Jan 2022
- InvestorsAlteria Capital
& 8 more
- Employee Count25
Associated legal entities of muvin
muvin operates through Finone Technologies Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finone Technologies Private Limited CIN U72900KA2020PTC141622 | Under Liquidation | 28 Nov 2020 | Bengaluru, Karnataka | ₹0.4 Cr | 25 | 3 | View details |
Funding Insights of muvin
muvin has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in January 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 $4M
- Total Rounds 2
- Last Round Seed — $3M
- First Round $1M
(Mar 2021)
- Investors Count 9
All 2 funding rounds of muvin 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 |
|---|---|---|---|---|---|
| Jan 2022 | $3M | Seed | – | WaterBridge | |
| Mar 2021 | $1M | Seed | – | Krishnakumar Natarajan, Gani Subramaniam | – |
9 investors in total: 2 institutional and 7 angel.
Investors in muvin
muvin has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Alteria Capital, WaterBridge Ventures and Krishna Bhupal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech investments are focused on by WaterBridge in India. | waterbridge.vc | Delhi, India | ||
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
KB Krishna Bhupal | Angel investor, GVK Group scion, focused on clean energy and startups | unknown_5236ed35bb9240208 | ||
KN Krishnakumar Natarajan | Co-founder of Mindtree, active angel investor in Indian startups | unknown_5c4e97724f7443ce8 | ||
AM Ambar Maheshwari | unknown_ab7036e44ad44d88b | |||
GS Gani Subramaniam | unknown_6682dac2c161460cb | |||
SD Shajikumar Devakar | unknown_ffa2b3c2995f4e018 | |||
KS Kunal Shah | Founder of CRED, serial entrepreneur, and prominent Indian angel investor | unknown_ef944b5dc65a41118 | ||
SJ Sandeep Jethwani | Co-founder of Dezerv, angel investor in Indian startups | unknown_5bf28c56478049b78 |
Investor details for muvin
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 Finone Technologies Private Limited (muvin)
Finone Technologies Private Limited is the primary company behind muvin. The board of Finone Technologies Private Limited currently have 3 directors; the longest-serving is Vineet Kumar Gupta, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vineet Kumar Gupta DIN 07292928 | Director | 28 Nov 2020 | 5 yrs 11 mo | Finone Technologies Private Limited |
| Mukund Venkateshan Rao DIN 01947701 | Director | 28 Nov 2020 | 5 yrs 11 mo | Finone Technologies Private Limited |
| Jayagopal Venkataraman DIN 07053730 | IRP/RP/Liquidator | 30 Oct 2024 | 2 yrs | Finone Technologies Private Limited |
People of muvin
2 people are tracked at muvin (2 in leadership); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for muvin
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 muvin
Figures of Finone Technologies Private Limited, the primary company behind muvin, for FY 2024. Revenue was ₹42.6 Lakh (-44% year on year). Net loss was -₹11.20 Cr (-2630% margin). EBITDA was -₹9.44 Cr (-2215% margin). Revenue has grown at a compounded annual rate of +236% over three years.
- ₹42.6 LakhRevenue · FY 2024 · -44% YoY
- -₹11.20 CrNet loss · -2630% margin
- -₹9.44 CrEBITDA · -2215% margin
- ₹26.1 LakhPaid-up capital
- 25Employees (provident fund records)
- +236%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Finone Technologies Private Limited are on its company page.
Detailed financial statements for muvin
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 muvin
3 dated milestones of muvin across 4 years, from founding to its latest funding, stage changes and deals.
- Founded muvin is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Seed, of $3.0M.
Competitors of muvin
muvin has 3 listed competitors in our database, 3 of them funded. They include Niyo, Freo and Avail Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goniyo.com | 2015 | Bengaluru, India | $179.35M | 410 | Online platform for wealth management | |
| freo.money | 2015 | Bengaluru, India | $46.31M | 177 | Digital banking services are offered to individual users. | |
| availfinance.in | 2017 | Bengaluru, India | $38.48M | 2 | Neobank for individuals |
Detailed competitors of muvin
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of muvin
The website of muvin (muvin.in) receives about 1K visits a month.
- Monthly visits1K
▲ 862.7% vs previous month
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Related news about Muvin
Complete news archive for muvin
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Frequently Asked Questions about muvin
muvin was founded in 2018 and raised its 1st funding round 3 years after it was founded.
muvin is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
muvin is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Mar 2021.
muvin has 25 employees.
The primary company behind muvin, Finone Technologies Private Limited, reported revenue of ₹42.6 Lakh for FY 2024, down 44% year on year.
Detailed information about muvins operations, sectors, or solutions is not available on the website. The content is insufficient to describe the companys focus or offerings.
muvin's top competitors include Freo, Niyo and Avail Finance.
muvin has 9 investors. Key investors include Alteria Capital, WaterBridge Ventures, Krishna Bhupal, Krishnakumar Natarajan, and Ambar Maheshwari.
muvin operates through Finone Technologies Private Limited.
The legal entities of muvin currently have 3 directors, including Vineet Kumar Gupta, Mukund Venkateshan Rao, Jayagopal Venkataraman.