About Mydala
Mydala is a company based in Delhi (India) founded in 2009 by Anisha Singh.. Mydala has raised $10.8 million across 5 funding rounds from investors including Info Edge, HT Media and Equirus Capital. The company has 11 employees as of April 07, 2024. Mydala offers products and services including Cashback Service, Deals Platform, and Category Deals. Mydala operates in a competitive market with competitors including Magicpin, Little Internet, Groupon, NearBuy and DealsAndYou, among others.
- Headquarter Delhi, India
- Employees 11 as on 07 Apr, 2024
- Founders Anisha Singh
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name Kinobeo Software Private Limited
- Date of Incorporation 05 Jan, 2007
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$812.57 K (USD)-6.72as on Mar 31, 2022
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Net Profit
$-67.83 K (USD)-155.35as on Mar 31, 2022
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EBITDA
$-44.02 K (USD)-176.59as on Mar 31, 2022
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Total Equity Funding
$10.8 M (USD)
in 5 rounds
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Latest Funding Round
$2.95 M (USD), Series A
Jul 24, 2015
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Investors
Info Edge
& 16 more
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Employee Count
11
as on Apr 07, 2024
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Products & Services of Mydala
Mydala offers a comprehensive portfolio of products and services, including Cashback Service, Deals Platform, and Category Deals. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides cashback on purchases from partner websites
Offers discounts and promotions across various categories
Features deals in banking, education, and electronics for users
Funding Insights of Mydala
Mydala has successfully raised a total of $10.8M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $2.95 million completed in July 2015. 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 5
- Last Round Series A — $2.9M
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First Round
First Round
(11 Mar 2011)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Series A - Mydala | Valuation | HT Media | |
| Jul, 2014 | Amount | Series A - Mydala | Valuation | Q10 Capital | |
| Oct, 2011 | Amount | Series A - Mydala | Valuation | Info Edge |
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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 Mydala
Mydala has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Info Edge, HT Media and Equirus 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 startups are made by Brand Capital.
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Founded Year | Domain | Location | |
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Print, digital, and radio media platforms are operated.
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Founded Year | Domain | Location | |
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Offers origination and servicing for commercial mortgage loans nationwide.
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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 Mydala
| 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 - Mydala
| 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 |
Mydala Comparisons
Competitors of Mydala
Mydala 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 Magicpin, Little Internet, Groupon, NearBuy and DealsAndYou, 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 |
Offers a platform that rewards customers for visiting partner businesses.
|
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| domain | founded_year | HQ Location |
Hyperlocal deals are aggregated via a mobile app platform.
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| domain | founded_year | HQ Location |
Online marketplace offering deals on multi-category products and services
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| domain | founded_year | HQ Location |
Deals and coupons from nearby merchants are aggregated online.
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| domain | founded_year | HQ Location |
Online shopping platform with local deals
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| domain | founded_year | HQ Location |
Deals for multi-category products from nearby shops are provided.
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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 Mydala
Frequently Asked Questions about Mydala
When was Mydala founded?
Mydala was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Mydala located?
Mydala is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Mydala a funded company?
Mydala is a funded company, having raised a total of $10.8M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.57M, raised on Mar 11, 2011.
How many employees does Mydala have?
As of Apr 07, 2024, the latest employee count at Mydala is 11.
What is the annual revenue of Mydala?
Annual revenue of Mydala is $812.57K as on Mar 31, 2022.
What does Mydala do?
Mydala was founded in 2009 and is headquartered in Delhi, India. An online platform is operated to provide curated deals and discounts on dining, services, events, and retail options. Users are assisted in discovering value through everyday choices in the local market. The service focuses on the e-commerce and consumer deals sector, with operations centered in India.
Who are the top competitors of Mydala?
Mydala's top competitors include Groupon, NearBuy and Little Internet.
What products or services does Mydala offer?
Mydala offers Cashback Service, Deals Platform, and Category Deals.
Who are Mydala's investors?
Mydala has 17 investors. Key investors include Info Edge, HT Media, Equirus Capital, APS Group, and Brand Capital.
What is Mydala's valuation?
The valuation of Mydala is $97.15M as of Jul 2015.