About Muzigal
Muzigal is a company based in Hyderabad (India) founded in 2020 by Lakshminarayana Yeluri.. Muzigal has raised $1.55 million across 2 funding rounds from investors including Naveen Perla and Kalaari Capital. The company has 35 employees as of April 07, 2024. Muzigal operates in a competitive market with competitors including Yousician, iMusic-School, Spardha School of Music, Tonestro and Musik Undervisning, among others.
- Headquarter Hyderabad, India
- Employees 35 as on 07 Apr, 2024
- Founders Lakshminarayana Yeluri
- Stage Minicorn
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Sectors
EducationMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Muzigal Edutech Private Limited
- Date of Incorporation 02 Jul, 2019
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$839.88 K (USD)78.88as on Mar 31, 2023
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Net Profit
$68.96 K (USD)107.11as on Mar 31, 2023
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EBITDA
$207.67 K (USD)124.84as on Mar 31, 2023
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Total Equity Funding
$1.55 M (USD)
in 2 rounds
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Latest Funding Round
$45.37 K (USD), Seed
Sep 27, 2022
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Investors
Kalaari Capital
& 1 more
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Employee Count
35
as on Apr 07, 2024
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Funding Insights of Muzigal
Muzigal has successfully raised a total of $1.55M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $45.37 thousand completed in September 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 2
- Last Round Seed — $45,365
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First Round
First Round
(03 Feb 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Muzigal | Valuation | Naveen Perla |
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| Feb, 2021 | Amount | Seed - Muzigal | Valuation | Kalaari Capital |
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| 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 Muzigal
Muzigal has secured backing from 2 investors, including angel and venture fund investors. Prominent investors backing the company include Naveen Perla and Kalaari Capital. 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 in early-stage technology companies are made by Kalaari Capital.
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Founded Year | Domain | Location | |
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NP
Naveen Perla |
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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 Muzigal
| 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 - Muzigal
| 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 |
Muzigal Comparisons
Competitors of Muzigal
Muzigal 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 Yousician, iMusic-School, Spardha School of Music, Tonestro and Musik Undervisning, 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 |
Musical instrument learning is facilitated by an app-based platform.
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| domain | founded_year | HQ Location |
Video music classes are delivered online for various instruments.
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| domain | founded_year | HQ Location |
Online music and dance classes are offered for all ages.
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| domain | founded_year | HQ Location |
Mobile app platform for learning brass, woodwind, and violin instruments through interactive lessons.
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| domain | founded_year | HQ Location |
Music teachers are discovered and booked via an online platform.
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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 Muzigal
Frequently Asked Questions about Muzigal
When was Muzigal founded?
Muzigal was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Muzigal located?
Muzigal is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Muzigal a funded company?
Muzigal is a funded company, having raised a total of $1.55M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Feb 03, 2021.
How many employees does Muzigal have?
As of Apr 07, 2024, the latest employee count at Muzigal is 35.
What is the annual revenue of Muzigal?
Annual revenue of Muzigal is $839.88K as on Mar 31, 2023.
What does Muzigal do?
An online platform focused on music education was established in 2020 in Hyderabad, India. One-on-one classes are offered for instruments including guitar, keyboard, tabla, vocal, drums, and flute, along with tutor discovery services. Operations are supported by a mobile application available on Android and iOS devices, serving users in the music tutoring sector.
Who are the top competitors of Muzigal?
Muzigal's top competitors include Yousician, Spardha School of Music and iMusic-School.
Who are Muzigal's investors?
Muzigal has 2 investors. Key investors include Naveen Perla, and Kalaari Capital.
What is Muzigal's valuation?
The valuation of Muzigal is $3.97M as of Sep 2022.
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