About Mycovation
Mycovation is a Consumer company based in Singapore (Singapore) founded in 2020 by Yashaswini Balaraju and Shiva Susarla. It operates as a mycelium-based nutritious super foods are provided by Mycovation. The company has 1 employees. Its chief executive is Shiva Susarla. Its website mycovation.asia draws about 12 thousand monthly visits. Mycovation offers products and services including MyX, Mymic, and Maximyze. Its focus areas include Food and Agriculture, Food & Beverage Products, Nutrition and Superfoods. Its legal entity in India is Mycovation India Private Limited (U15134KA2020PTC138073).
Company details
Mycovation was founded in 2020 and is based in Singapore. Operations focus on the super foods sector, with mycelium-based products developed for nutrition. Services include mycelium ingredients, supplementation options, and branded lines such as MyX, Mymic, and Maximyze. The company serves markets in Asia through its domain mycovation.asia, emphasizing functional food innovations. Leadership is provided by co-founders Yashaswini Balaraju as CPO and Shiva Susarla as CEO.
- Headquarters Singapore, Singapore
- Employees 1
- Founders Yashaswini Balaraju, Shiva Susarla
- SectorsConsumer
- Email••••••••
- Website mycovation.asia
- Social LinkedIn X Facebook Instagram
- Legal Name Mycovation India Private Limited
- Date of Incorporation 03 Sep, 2020
- Jurisdiction Mysore, Karnataka, India
- Net Loss-₹5.7 Lakh
FY 2022 · 0% margin
- EBITDA-₹5.7 Lakh
FY 2022 · 0% margin
- Investors
- Employee Count1
Associated legal entities of Mycovation
Mycovation operates through Mycovation India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mycovation India Private Limited CIN U15134KA2020PTC138073 | Active | 03 Sep 2020 | Mysore, Karnataka | – | – | 3 | View details |
Products & Services of Mycovation
Mycovation offers a comprehensive portfolio of products and services, including MyX, Mymic, and Maximyze.
Ferments plant-based materials with mycelium for taste, aroma, and nutrition enhancement.
Uses mycelium powder to create allergen-free, nutritious whole cut meat alternatives.
Leverages mycelium as a medium for producing sustainable cellular meat products.
Funding Insights of Mycovation
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Mycovation 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 |
|---|---|---|---|---|---|
| Jun 2022 | – | Grant | – | – |
1 investors in total: 1 institutional.
Investors in Mycovation
Mycovation has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include K-Startup Grand Challenge.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic acceleration is provided to startups through global programs. | – | k-startupgc.org | Seongnam-si, South Korea |
Investor details for Mycovation
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 Mycovation India Private Limited (Mycovation)
Mycovation India Private Limited is the primary company behind Mycovation. The board of Mycovation India Private Limited currently have 3 directors; the longest-serving is Shiva Prasad Susarla, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shiva Prasad Susarla DIN 07532967 | Director | 03 Sep 2020 | 6 yrs 1 mo | Mycovation India Private Limited |
| Gorur Krishnamurthy Pramod Shaandilya DIN 08861187 | Director | 03 Sep 2020 | 6 yrs 1 mo | Mycovation India Private Limited |
| Balaraju Yashaswini DIN 08861189 | Director | 03 Sep 2020 | 6 yrs 1 mo | Mycovation India Private Limited |
People of Mycovation
2 people are tracked at Mycovation (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CPO | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Mycovation
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 Mycovation
Figures of Mycovation India Private Limited, the primary company behind Mycovation, for FY 2022. Net loss was -₹5.7 Lakh (0% margin). EBITDA was -₹5.7 Lakh (0% margin).
- -₹5.7 LakhNet loss · 0% margin
- -₹5.7 LakhEBITDA · 0% margin
- ₹20Paid-up capital
Balance sheet, profit and loss, cash flow and ratios of Mycovation India Private Limited are on its company page.
Detailed financial statements for Mycovation
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 Mycovation
2 dated milestones of Mycovation across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Mycovation is founded.
- Funding First funding round.
Web traffic of Mycovation
The website of Mycovation (mycovation.asia) receives about 11.9K visits a month.
- Monthly visits11.9K
▼ 83% vs previous month
Top companies in Food & Beverage Products & Processing
10 companies that operate in the same segment as Mycovation (Food & Beverage Products & Processing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
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Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Provider of bakery-cafe services and a loyalty program | 1987 | St. Louis, Missouri, United States | USD 145.61 M | – | – | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 | |
Dry snacks and coffee are manufactured and distributed. | 2015 | Chennai, Tamil Nadu, India | USD 16.52 M | USD 208 K | 29 | |
Food, snacks, and beverages are produced and distributed globally. | 1898 | Purchase, New York, United States | – | USD 93.92 B | 319,000 | |
Multi-category organic dairy products are offered online. | 2010 | Tiptur, Karnataka, India | USD 58.15 M | USD 23.34 M | 810 | |
Packaged food products are offered through an online platform. | 2019 | Mumbai, Maharashtra, India | USD 37.6 M | USD 4.41 M | 168 | |
Multi-category food and beverage products are produced and distributed globally. | 1866 | Vevey, Vaud, Switzerland | – | USD 2.36 B | 16,250 |
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Frequently Asked Questions about Mycovation
Mycovation was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Mycovation is headquartered in Singapore, Singapore.
Shiva Susarla is the current CEO of Mycovation. They have also founded this company.
Mycovation has 1 employees.
Mycovation was founded in 2020 and is based in Singapore. Operations focus on the super foods sector, with mycelium-based products developed for nutrition. Services include mycelium ingredients, supplementation options, and branded lines such as MyX, Mymic, and Maximyze. The company serves markets in Asia through its domain mycovation.asia, emphasizing functional food innovations. Leadership is provided by co-founders Yashaswini Balaraju as CPO and Shiva Susarla as CEO.
Mycovation offers MyX, Mymic, and Maximyze.
Mycovation has 1 investor. Key investors include K-Startup Grand Challenge.
Mycovation operates through Mycovation India Private Limited.
The legal entities of Mycovation currently have 3 directors, including Shiva Prasad Susarla, Gorur Krishnamurthy Pramod Shaandilya, Balaraju Yashaswini.