MYBYK

Ahmedabad, India Founded: 2014 • Age: 12 yrs Minicorn
Subscription-based bicycle rentals are enabled via a mobile app.

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. MYBYK operates in a competitive market with competitors including nextbike, Mobike, Bycyshare Technologies, Chartered Bike and Cymour, among others.

  • Headquarter Ahmedabad, India
  • Employees 57
  • Founders Arjit Soni
  • Stage Minicorn
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website mybyk.in
  • Social LinkedIn X Facebook
  • Legal Name Greenpedia Bike Share Private Limited
  • Date of Incorporation 17 Dec, 2013
  • Jurisdiction Ahmedabad, Gujarat, India
Key Metrics
  • Net Loss
    -₹1.80 Cr

    FY 2025 · 0% margin

  • EBITDA
    -₹2.81 Cr

    FY 2025 · 0% margin

  • Total Equity Funding
    $1.34M (USD)

    in 3 rounds

  • Latest Funding Round
    $1.03M (USD), Seed

    Jun 2021

  • Investors
    Avon Cycles

    & 15 more

  • Employee Count
    57

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 $1.34M
  • Total Rounds 3
  • Last Round Seed β€” $1.03M
  • First Round $297,919

    (Nov 2017)

  • Investors Count 16

All 3 funding rounds of MYBYK with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2021$1.03MSeed$7.79MAvon Cycles, Manish Jain
Jul 2019$11,707Angel Round$1.4MVineeta Mehta
–
Nov 2017$297,919Angel Round$β€’β€’β€’β€’β€’Dipalee Ameet Desai
Valuation history
DateValuationStage
Jun 2021$7.79Mβ€’β€’β€’β€’β€’β€’β€’β€’
Jul 2019$1.4Mβ€’β€’β€’β€’β€’β€’β€’β€’
Nov 2017$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
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Full valuation and stage history of MYBYK

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Last known valuation $7.79M (Jun 2021). 16 investors in total: 1 institutional and 15 angel.

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.

All
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Bicycle manufacturing, sales, and related services in India.
1951avoncycles.comLudhiana, India

Sanjay Baweja

-
–unknown_6039c4acae244e3ea-

Paresh Patel

Angel investor and entrepreneur, founder of Paytm Money, active in fintech
–unknown_940dd048f2264dfb9-

Kaushal Soni

-
–unknown_dbfb1cdab81845568-

Bhaveshkumar Patel

-
–unknown_e6f9d42b4c3045fda-

Tarun Jain

Angel investor, ex-entrepreneur, focused on tech startups in India.
–unknown_83171964ab1f41c58-

Manish Jain

-
–unknown_0ae53551690e4dde8-

Ashish Mehta

Angel investor and entrepreneur, co-founder of Spandana Sphoorty Financial, focused on fintech.
–unknown_bae8d659db31459c8-

Jyoti Prabhu

-
–unknown_fc9ab639ff6546b48-

Paresh Patel

Angel investor and entrepreneur, founder of Paytm Money, active in fintech
–unknown_040c3b929e6d41c5a-
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Investor details for MYBYK

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Board of directors of Greenpedia Bike Share Private Limited (MYBYK)

Greenpedia Bike Share Private Limited is the primary company behind MYBYK. The board of Greenpedia Bike Share Private Limited currently have 3 directors; the longest-serving is Arjit Vijaykumar Soni, appointed in 2013. 1 earlier director has ceased.

DirectorDesignationAppointedTenureEntity
Arjit Vijaykumar Soni
DIN 06746279
Director17 Dec 201312 yrs 9 moGreenpedia Bike Share Private Limited
Apoorva Arjit Soni
DIN 06777286
Director16 Mar 201511 yrs 6 moGreenpedia Bike Share Private Limited
Vinayak Gupta
DIN 11676622
Additional Director21 Apr 20265 moGreenpedia Bike Share Private Limited

People of MYBYK

7 people are tracked at MYBYK (1 in leadership, 6 in team); the tracked headcount is 57.

NameRoleGroup
Founder & CEOLeadership
Shivani Jain
Business Development ManagerTeam
Nikhil Makwana
Sr Business Excellence SpecialistTeam
Gulam Jilani Qureshi
Assistant Manager - Service Excellence At Mybyk (pan India)Team
Nitesh Nath
Deputy Manager Sales MarketingTeam
Sneha Shah
Senior Manager - Business ExcellenceTeam
Ajaysinh Solanki
Technology LeadTeam
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Financials of MYBYK

Figures of Greenpedia Bike Share Private Limited, the primary company behind MYBYK, for FY 2025. Net loss was -₹1.80 Cr (0% margin). EBITDA was -₹2.81 Cr (0% margin).

  • -₹1.80 CrNet loss · 0% margin
  • -₹2.81 CrEBITDA · 0% margin
  • ₹1.5 LakhPaid-up capital
  • 57Employees (provident fund records)

Balance sheet, profit and loss, cash flow and ratios of Greenpedia Bike Share Private Limited are on its company page.

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Detailed financial statements for MYBYK

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Timeline of MYBYK

4 dated milestones of MYBYK across 7 years, from founding to its latest funding, stage changes and deals.

  1. Founded MYBYK is founded.
  2. Funding First funding round of $298K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Seed, of $1.0M.

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 NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
nextbike.net2004Leipzig, Germany–460
End-to-end solutions for bicycle sharing
mobike.com2015Beijing, China$925M–
App-based rental platform offering bicycles
bycysharetechnologies.tcc.mode2017Delhi, India–909
Bicycles are rented online and unlocked via QR code scans.
charteredbike.in2017Ahmedabad, India–94
Electric vehicle subscription and leasing provider for personal and commercial use
cymour.com2013Pune, India$30,8593
Bicycles are located, unlocked, and rented via an app-based platform.
renacle.com2011Pune, India$213,5053
Online station-based bicycle rental platform
planetgreenbikes.in2016Delhi, India––
Operates a platform for eco-friendly cycle rentals.
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Detailed competitors of MYBYK

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Web traffic of MYBYK

The website of MYBYK (mybyk.in) receives about 14.1K visits a month.

  • Monthly visits
    14.1K

    ▲ 21.1% vs previous month

Latest news on Mybyk

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Complete news archive for MYBYK

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Similar companies to MYBYK

10 companies that operate in the same segment as MYBYK (Road Transport Tech), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Ride-hailing and on-demand delivery services are aggregated via mobile app.
2012Singapore, SingaporeUSD 9.09 BUSD 3.37 B11,270
An online platform providing ride-hailing and food delivery services
2009San Francisco, California, United StatesUSD 13.21 BUSD 52.02 B31,100
Ride-hailing, electric vehicles, and financial solutions are provided via app.
2010Bengaluru, Karnataka, IndiaUSD 3.84 B––
Electric kick-scooters are rented through an app-based platform.
2017Miami, Florida, United StatesUSD 765.74 M––
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions
2015Bengaluru, Karnataka, IndiaUSD 813.93 MUSD 19.11 M660
Rides and deliveries are facilitated via a mobile app platform.
2012Dubai, Dubai, United Arab EmiratesUSD 771.7 M––
Electric kick-scooters are rented through an app-based platform.
2017San Francisco, California, United StatesUSD 1.71 B––
Electric ride-hailing and cab services are provided via mobile app.
2019Mumbai, Maharashtra, IndiaUSD 168.52 M––
Bus tickets are booked online via portal and mobile app.
2006Bengaluru, Karnataka, IndiaUSD 10 M––
App-based ride-hailing aggregator
2007San Francisco, California, United StatesUSD 5.02 BUSD 6.32 B2,930
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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 2017.

MYBYK has 57 employees.

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.

MYBYK operates through Greenpedia Bike Share Private Limited.

The legal entities of MYBYK currently have 3 directors, including Arjit Vijaykumar Soni, Apoorva Arjit Soni, Vinayak Gupta.

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