About Mymo Wireless
Mymo Wireless is a Technology company based in Bengaluru (India) founded in 2009. Wireless connectivity solutions for IoT and M2M applications are provided. Mymo Wireless has raised $124.77 thousand across 2 funding rounds from investors including B Vijayabhaskar Shetty and SID IISC. The company has 3 employees. Mymo Wireless was last valued at $2.54 million in February 2012. Its Indian entity Mymo Wireless Technology Private Limited reported revenue of ₹58.7 Lakh. Its focus areas include Semiconductors, Analog and Mixed Signal ICs, System on chip and IoT.
Company details
Mymo Wireless provides wireless connectivity technology solutions based on 3Gpp (based on evolved GSM), 4G LTE, etc. It also provides full stack support for LTE Chipsets, customizable for IoT, M2M, and military specific applications. It has strategic partnerships with tier 1 companies and has launched the Multi-UE emulator Femto Base Stations. It has won in various award events like innovators competition by FICCI (2009), Award of Excellence by Government of India on 25 December 2014, Most promising company award by CIOReview (2015).
- Headquarters Bengaluru, India
- Employees 3
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website mymowireless.com
- Social LinkedIn Facebook
- Legal Name Mymo Wireless Technology Private Limited
- Date of Incorporation 19 Feb, 2009
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹58.7 Lakh
FY 2024 · +496% YoY
- Net Profit₹36.6 Lakh
FY 2024 · 62% margin
- EBITDA₹49.5 Lakh
FY 2024 · 84% margin
- Total Equity Funding$124.77K (USD)
in 2 rounds
- Latest Funding Round$99.68K (USD), Angel Round
Feb 2012
- InvestorsSID IISC
& 1 more
- Employee Count3
Associated legal entities of Mymo Wireless
Mymo Wireless operates through Mymo Wireless Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mymo Wireless Technology Private Limited CIN U72200KA2009PTC049189 | Active | 19 Feb 2009 | Bangalore, Karnataka | ₹0.6 Cr | 3 | 4 | View details |
Funding Insights of Mymo Wireless
Mymo Wireless has successfully raised a total of $124.77K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $99.68 thousand completed in February 2012. 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 $124,771
- Total Rounds 2
- Last Round Angel Round — $99,681
- First Round $25,090
(May 2009)
- Investors Count 2
All 2 funding rounds of Mymo Wireless 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 |
|---|---|---|---|---|---|
| Feb 2012 | $99,681 | Angel Round | $2.54M | B Vijayabhaskar Shetty | – |
| May 2009 | $25,090 | Seed | $209,611 | SID | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2012 | $2.54M | •••••••• |
Last known valuation $2.54M (Feb 2012). 2 investors in total: 1 institutional and 1 angel.
Investors in Mymo Wireless
Mymo Wireless has secured backing from 2 investors, including angel and institutional investors. Prominent investors backing the company include B Vijayabhaskar Shetty and SID IISC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
After-school educational programs are delivered to students in Bengaluru. | sid.iisc.ac.in | Bengaluru, India | ||
BV B Vijayabhaskar Shetty | unknown_7811d2477b2c4a39b |
Investor details for Mymo Wireless
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 Mymo Wireless Technology Private Limited (Mymo Wireless)
Mymo Wireless Technology Private Limited is the primary company behind Mymo Wireless. The board of Mymo Wireless Technology Private Limited currently have 4 directors; the longest-serving is Sondur Lakshmipathi, appointed in 2009. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sondur Lakshmipathi DIN 01687444 | Director | 19 Feb 2009 | 17 yrs 8 mo | Mymo Wireless Technology Private Limited |
| Sondur Madhan Babu DIN 02489017 | Director | 28 Oct 2014 | 11 yrs 11 mo | Mymo Wireless Technology Private Limited |
| Babu Ranju DIN 07143243 | Director | 15 Oct 2015 | 11 yrs | Mymo Wireless Technology Private Limited |
| Pushpavathi Sondur DIN 08317533 | Director | 02 Jan 2019 | 7 yrs 9 mo | Mymo Wireless Technology Private Limited |
Financials of Mymo Wireless
Figures of Mymo Wireless Technology Private Limited, the primary company behind Mymo Wireless, for FY 2024. Revenue was ₹58.7 Lakh (+496% year on year). Net profit was ₹36.6 Lakh (62% margin). EBITDA was ₹49.5 Lakh (84% margin). Revenue has grown at a compounded annual rate of +25% over three years and -43% over five years.
- ₹58.7 LakhRevenue · FY 2024 · +496% YoY
- ₹36.6 LakhNet profit · 62% margin
- ₹49.5 LakhEBITDA · 84% margin
- ₹2.9 LakhPaid-up capital
- 3Employees (provident fund records)
- +25%Revenue CAGR, 3 years
- -43%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mymo Wireless Technology Private Limited are on its company page.
Detailed financial statements for Mymo Wireless
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of Mymo Wireless
4 dated milestones of Mymo Wireless across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Mymo Wireless is founded.
- Funding First funding round of $25K.
- Funding Latest funding round, Angel Round, of $100K.
- Milestone Reaches Minicorn status.
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Related news about Mymo Wireless
Complete news archive for Mymo Wireless
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Frequently Asked Questions about Mymo Wireless
Mymo Wireless was founded in 2009.
Mymo Wireless is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Mymo Wireless is a funded company, having raised a total of $124.77K across 2 funding rounds to date. The company's 1st funding round was a Seed of $25.09K, raised on May 2009.
Mymo Wireless has 3 employees.
The primary company behind Mymo Wireless, Mymo Wireless Technology Private Limited, reported revenue of ₹58.7 Lakh for FY 2024, up 496% year on year.
Mymo Wireless provides wireless connectivity technology solutions based on 3Gpp (based on evolved GSM), 4G LTE, etc. It also provides full stack support for LTE Chipsets, customizable for IoT, M2M, and military specific applications. It has strategic partnerships with tier 1 companies and has launched the Multi-UE emulator Femto Base Stations. It has won in various award events like innovators competition by FICCI (2009), Award of Excellence by Government of India on 25 December 2014, Most promising company award by CIOReview (2015).
Mymo Wireless has 2 investors. Key investors include B Vijayabhaskar Shetty, and SID IISC.
The valuation of Mymo Wireless is $2.54M as of Feb 2012.
Mymo Wireless operates through Mymo Wireless Technology Private Limited.
The legal entities of Mymo Wireless currently have 4 directors, including Babu Ranju, Pushpavathi Sondur, Sondur Lakshmipathi and others.