About MYBYK
MYBYK is a company based in Ahmedabad (India) founded in 2014 by Arjit Soni. MYBYK has raised $1.34 million across 3 funding rounds from investors including Avon Cycles, Sanjay Baweja and Paresh Patel. The company has 57 employees as of March 30, 2024. MYBYK operates in a competitive market with competitors including nextbike, Mobike, Bycyshare Technologies, Chartered Bike and Cymour, among others.
- Headquarter Ahmedabad, India
- Employees 57 as on 30 Mar, 2024
- Founders Arjit Soni
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Greenpedia Bike Share Private Limited
- Date of Incorporation 17 Dec, 2013
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$635.57 K (USD)59.37as on Mar 31, 2022
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Net Profit
-$118.17 K (USD)-101.11as on Mar 31, 2022
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EBITDA
$8.73 K (USD)-86.22as on Mar 31, 2022
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Total Equity Funding
$1.34 M (USD)
in 3 rounds
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Latest Funding Round
$1.03 M (USD), Seed
Jun 02, 2021
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Investors
Avon Cycles
& 15 more
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Employee Count
57
as on Mar 30, 2024
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Funding Insights of MYBYK
MYBYK has successfully raised a total of $1.34M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.03 million completed in June 2021. 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 3
- Last Round Seed — $1.0M
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First Round
First Round
(07 Nov 2017)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - MYBYK | Valuation | Avon Cycles , Manish Jain | |
| Jul, 2019 | Amount | Angel Round - MYBYK | Valuation | Vineeta Mehta |
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| Nov, 2017 | Amount | Angel Round - MYBYK | Valuation | Dipalee Ameet Desai |
Investors in MYBYK
MYBYK has secured backing from 16 investors, including institutional and angel investors. Prominent investors backing the company include Avon Cycles, Sanjay Baweja and Paresh Patel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Bicycle manufacturing, sales, and related services in India.
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Founded Year | Domain | Location | |
|
SB
Sanjay Baweja |
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|
Founded Year | Domain | Location |
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PP
Paresh Patel |
Angel investor and entrepreneur, founder of Paytm Money, active in fintech
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Founded Year | Domain | Location |
Investments & Acquisitions by MYBYK
Financial Statements - MYBYK
Mybyk Comparisons
Competitors of MYBYK
MYBYK 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 nextbike, Mobike, Bycyshare Technologies, Chartered Bike and Cymour, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end solutions for bicycle sharing
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| domain | founded_year | HQ Location |
App-based rental platform offering bicycles
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| domain | founded_year | HQ Location |
Bicycles are rented online and unlocked via QR code scans.
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|
| domain | founded_year | HQ Location |
Electric vehicle subscription and leasing provider for personal and commercial use
|
|
| domain | founded_year | HQ Location |
Bicycles are located, unlocked, and rented via an app-based platform.
|
Frequently Asked Questions about MYBYK
MYBYK was founded in 2014 and raised its 1st funding round 3 years after it was founded.
MYBYK is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Arjit Soni is the current CEO of MYBYK. They have also founded this company.
MYBYK is a funded company, having raised a total of $1.34M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $297.92K, raised on Nov 07, 2017.
As of Mar 30, 2024, the latest employee count at MYBYK is 57.
Annual revenue of MYBYK is $635.57K as on Mar 31, 2022.
MYBYK was founded in 2014 in Ahmedabad, India, as a subscription-based bicycle rental platform in the urban mobility sector. Bicycles are rented for fixed periods to support first-mile and last-mile connectivity. Terminals are placed across locations for convenient pick-up and drop-off. The service is accessed through an app available on iOS and Android devices.
MYBYK's top competitors include nextbike, Mobike and Chartered Bike.
MYBYK has 16 investors. Key investors include Avon Cycles, Sanjay Baweja, Paresh Patel, Kaushal Soni, and Bhaveshkumar Patel.
The valuation of MYBYK is $7.79M as of Jun 2021.