About Myly
Myly is a Technology company based in Jaipur (India) founded in 2015. Cloud-based school management and parent communication system is provided. It operates in the Technology and Education sectors. Myly has raised $184.7 thousand across 4 funding rounds from investors including SIDBI, Madhup Bansal and Gaurav Mundra. The company has 2 employees. Myly was last valued at $751.29 thousand in October 2016. Its Indian entity Educommerce Technologies Private Limited reported revenue of ₹9.5 Lakh. Its focus areas include Enterprise Applications, Enterprise Resource Planning, Schools and EdTech.
Company details
Myly is a cloud-based school management system and communication app. It offers features such as send emails, messages, notifications to students parents, creates class, assignment schedules, schedule tests, send grades and notifications to parents, mark attendance, display information about events, and show institutional information through the app. Institutes and event fees can also be paid through the app. Available in a modular format with add-on features such as fee management, transport management.
- Headquarters Jaipur, India
- Employees 2
- SectorsTechnologyEducation
- Website mylyapp.com
- Social LinkedIn X Facebook
- Legal Name Educommerce Technologies Private Limited
- Date of Incorporation 26 Sep, 2014
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹9.5 Lakh
FY 2022 · -69% YoY
- Net Loss-₹1.5 Lakh
FY 2022 · -16% margin
- EBITDA₹7.8 Lakh
FY 2022 · 82% margin
- Total Equity Funding$184.7K (USD)
in 4 rounds
- InvestorsSIDBI
& 2 more
- Employee Count2
Associated legal entities of Myly
Myly operates through Educommerce Technologies 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 |
|---|---|---|---|---|---|---|---|
| Educommerce Technologies Private Limited CIN U74900KA2014PTC130650 | Active | 26 Sep 2014 | Bengaluru, Karnataka | ₹0.1 Cr | 2 | 2 | View details |
Funding Insights of Myly
Myly has successfully raised a total of $184.7K across 4 strategic funding rounds. 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 $184,695
- Total Rounds 4
- First Round $100,980
(Dec 2015)
- Investors Count 3
All 4 funding rounds of Myly 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 |
|---|---|---|---|---|---|
| Apr 2017 | Seed | – | – | ||
| Apr 2017 | Debt – Conventional | – | – | ||
| Oct 2016 | $83,715 | Seed | $751,294 | – | |
| Dec 2015 | $100,980 | Seed | $407,821 | – | – |
Last known valuation $751,294 (Oct 2016). 3 investors in total: 1 institutional and 2 angel.
Investors in Myly
Myly has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include SIDBI, Madhup Bansal and Gaurav Mundra.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial support is extended to micro, small, and medium enterprises. | 1990 | sidbi.in | Lucknow, India | |
MB Madhup Bansal | Angel investor and entrepreneur, focused on tech startups in India. | unknown_732bfcc8b5634037a | ||
GM Gaurav Mundra | Angel investor and entrepreneur, focusing on early-stage Indian startups. | unknown_9ccfc0ae3a8a4699b |
Investor details for Myly
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Educommerce Technologies Private Limited (Myly)
Educommerce Technologies Private Limited is the primary company behind Myly. The board of Educommerce Technologies Private Limited currently have 2 directors; the longest-serving is Abhishek Begerhotta, appointed in 2019. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Begerhotta DIN 01288038 | Director | 26 Jul 2019 | 7 yrs 3 mo | Educommerce Technologies Private Limited |
| Swapnil Patni DIN 08870151 | Director | 20 Aug 2022 | 4 yrs 2 mo | Educommerce Technologies Private Limited |
Financials of Myly
Figures of Educommerce Technologies Private Limited, the primary company behind Myly, for FY 2022. Revenue was ₹9.5 Lakh (-69% year on year). Net loss was -₹1.5 Lakh (-16% margin). EBITDA was ₹7.8 Lakh (82% margin). Revenue has grown at a compounded annual rate of -42% over three years and -16% over five years.
- ₹9.5 LakhRevenue · FY 2022 · -69% YoY
- -₹1.5 LakhNet loss · -16% margin
- ₹7.8 LakhEBITDA · 82% margin
- ₹2.07 CrPaid-up capital
- 2Employees (provident fund records)
- -42%Revenue CAGR, 3 years
- -16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Educommerce Technologies Private Limited are on its company page.
Detailed financial statements for Myly
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Myly
3 dated milestones of Myly across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Myly is founded.
- Funding First funding round of $101K.
- Funding Latest funding round, Seed,.
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Frequently Asked Questions about Myly
Myly was founded in 2015.
Myly is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Myly is a funded company, having raised a total of $184.7K across 4 funding rounds to date. The company's 1st funding round was a Seed of $100.98K, raised on Dec 2015.
Myly has 2 employees.
The primary company behind Myly, Educommerce Technologies Private Limited, reported revenue of ₹9.5 Lakh for FY 2022, down 69% year on year.
Myly is a cloud-based school management system and communication app. It offers features such as send emails, messages, notifications to students parents, creates class, assignment schedules, schedule tests, send grades and notifications to parents, mark attendance, display information about events, and show institutional information through the app. Institutes and event fees can also be paid through the app. Available in a modular format with add-on features such as fee management, transport management.
Myly has 3 investors. Key investors include SIDBI, Madhup Bansal, and Gaurav Mundra.
The valuation of Myly is $751.29K as of Oct 2016.
Myly operates through Educommerce Technologies Private Limited.
The legal entities of Myly currently have 2 directors, including Abhishek Begerhotta, Swapnil Patni.