About MYn
MYn is a company based in Bengaluru (India) founded in 2021 by Akash Murthy and Abhishek Kumar Singh.. MYn has raised $149.61 thousand across 2 funding rounds from investors including Srinivas Ranganath, Bhemaiah Chinapa Kalengada and Sanidhya Saroj. The company has 1 employees as of April 10, 2024. MYn operates in a competitive market with competitors including Magicpin, Tata Digital, Tapzo, All in One Shopping Site and AppBrowzer, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 10 Apr, 2024
- Founders Akash Murthy, Abhishek Kumar Singh
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Multi-Verse Technologies Private Limited
- Date of Incorporation 17 May, 2020
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$590.04 K (USD)102137.5as on Mar 31, 2023
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Net Profit
$-2.35 M (USD)-109.29as on Mar 31, 2023
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EBITDA
$-2.21 M (USD)-107.16as on Mar 31, 2023
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Total Equity Funding
$149.61 K (USD)
in 2 rounds
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Latest Funding Round
$55.41 K (USD), Angel Round
Dec 13, 2021
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Investors
& 15 more
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Employee Count
1
as on Apr 10, 2024
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Funding Insights of MYn
MYn has successfully raised a total of $149.61K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $55.41 thousand completed in December 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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $55,407
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First Round
First Round
(18 Aug 2021)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Angel Round - MYn | Valuation | Srinivas Ranganath | |
| Aug, 2021 | Amount | Angel Round - MYn | Valuation | Danish Sait |
| 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 MYn
MYn has secured backing from 16 investors, including angel investors. Prominent investors backing the company include Srinivas Ranganath, Bhemaiah Chinapa Kalengada and Sanidhya Saroj. 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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SR
Srinivas Ranganath |
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Founded Year | Domain | Location |
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BC
Bhemaiah Chinapa Kalengada |
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|
Founded Year | Domain | Location |
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SS
Sanidhya Saroj |
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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 MYn
| 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 - MYn
| 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 |
Myn Comparisons
Competitors of MYn
MYn 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, Tata Digital, Tapzo, All in One Shopping Site and AppBrowzer, 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 |
Delivers a comprehensive super-app for multi-category products and services.
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| domain | founded_year | HQ Location |
Provider of sustainable smart business cards
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| domain | founded_year | HQ Location |
Provides access to over 50 Indian online shopping sites with deals and coupons.
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| domain | founded_year | HQ Location |
Apps are aggregated and discovered via a unified platform.
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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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Frequently Asked Questions about MYn
When was MYn founded?
MYn was founded in 2021.
Where is MYn located?
MYn is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is MYn a funded company?
MYn is a funded company, having raised a total of $149.61K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $94.2K, raised on Aug 18, 2021.
How many employees does MYn have?
As of Apr 10, 2024, the latest employee count at MYn is 1.
What is the annual revenue of MYn?
Annual revenue of MYn is $590.04K as on Mar 31, 2023.
What does MYn do?
The company was founded in 2021 in Bengaluru, India, and operates in the e-commerce and digital services sector. A mobile super app is offered to users on Android and iOS platforms, featuring products across categories such as fashion, accessories, home decor, electronics, and beauty. Social functionalities including chat and video calls are integrated, along with cloud storage for photos and videos. Operations are centered in India with global domain access.
Who are the top competitors of MYn?
MYn's top competitors include Tata Digital, Tapzo and All in One Shopping Site.
Who are MYn's investors?
MYn has 16 investors. Key investors include Srinivas Ranganath, Bhemaiah Chinapa Kalengada, Sanidhya Saroj, Danish Sait, and Bhaskar Varma.
What is MYn's valuation?
The valuation of MYn is $10.54M as of Dec 2021.