About Mystro
Mystro is a Financial Services company based in Mumbai (India) founded in 2017 by Amritanshu Mohanty. It operates as a personal and business loans are provided via an app-based platform. It operates on a FinTech model. Mystro has raised $173.72 thousand across 2 funding rounds from investors including Ajay Mahajan and Sandeep Bhaga Lalge. Mystro was last valued at $3.41 million in March 2020. Its chief executive is Amritanshu Mohanty. Its Indian entity Mitron Capital Private Limited reported revenue of ₹29 Lakh. Mystro offers products and services including Personal Loans and Small Business Loans. Its focus areas include Financials, Consumer Finance, Personal Loans and Business Finance. Its competitors include Clix Capital, InCred, DMI Finance, Niyogin and Credit Fair and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
Instant loans for personal and business purposes are facilitated by Mystro. A 100 digital process is offered, covering personal finance needs from emergency funds to lifestyle expenses, and business requirements like working capital and expansion. Repayment through EMIs is enabled via web or mobile app, with fast approvals and zero foreclosure charges. Loan amounts up to Rs. 5 lakhs for personal use and Rs. 25 lakhs for businesses are disbursed.
- Headquarters Mumbai, India
- Founders Amritanshu Mohanty
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website mystro.in
- Social LinkedIn Facebook
- Legal Name Mitron Capital Private Limited
- Date of Incorporation 18 Sep, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹29 Lakh
FY 2023 · -48% YoY
- Net Loss-₹45.4 Lakh
FY 2023 · -157% margin
- EBITDA-₹47.1 Lakh
FY 2023 · -162% margin
- Total Equity Funding$173.72K (USD)
in 2 rounds
- Latest Funding Round$135.61K (USD), Angel Round
Mar 2020
Associated legal entities of Mystro
Mystro operates through Mitron Capital Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mitron Capital Private Limited CIN U65990MH2017PTC299845 | Active | 18 Sep 2017 | Mumbai, Maharashtra | ₹0.3 Cr | – | 3 | View details |
Products & Services of Mystro
Mystro offers a comprehensive portfolio of products and services, including Personal Loans and Small Business Loans.
Digital loans for personal needs are provided instantly.
Digital loans for business expansion are offered quickly.
Funding Insights of Mystro
Mystro has successfully raised a total of $173.72K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $135.61 thousand completed in March 2020. 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 $173,724
- Total Rounds 2
- Last Round Angel Round — $135,611
- First Round $38,113
(Nov 2017)
- Investors Count 2
All 2 funding rounds of Mystro 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 |
|---|---|---|---|---|---|
| Mar 2020 | $135,611 | Angel Round | $3.41M | Ajay Mahajan | – |
| Nov 2017 | $38,113 | Angel Round | $7.68M | Sandeep Bhaga Lalge | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2020 | $3.41M | •••••••• |
| Nov 2017 | $7.68M | •••••••• |
Last known valuation $3.41M (Mar 2020). 2 investors in total: 0 institutional and 2 angel.
Investors in Mystro
Mystro has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Ajay Mahajan and Sandeep Bhaga Lalge.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AM Ajay Mahajan | - | – | unknown_f41643ce1f204522a | - |
SB Sandeep Bhaga Lalge | - | – | unknown_718e836601c249bca | - |
Investor details for Mystro
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 Mitron Capital Private Limited (Mystro)
Mitron Capital Private Limited is the primary company behind Mystro. The board of Mitron Capital Private Limited currently have 3 directors; the longest-serving is Amritanshu Mohanty, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amritanshu Mohanty DIN 07903004 | Managing Director | 18 Sep 2017 | 9 yrs 1 mo | Mitron Capital Private Limited |
| Sura Kishore Mohanty DIN 05179807 | Director | 18 Sep 2017 | 9 yrs 1 mo | Mitron Capital Private Limited |
| Sandeep Vasant Walawalkar DIN 07995306 | Director | 18 Nov 2017 | 8 yrs 11 mo | Mitron Capital Private Limited |
People of Mystro
1 people are tracked at Mystro (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Mystro
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 Mystro
Figures of Mitron Capital Private Limited, the primary company behind Mystro, for FY 2023. Revenue was ₹29 Lakh (-48% year on year). Net loss was -₹45.4 Lakh (-157% margin). EBITDA was -₹47.1 Lakh (-162% margin). Revenue has grown at a compounded annual rate of -21% over three years and +38% over five years.
- ₹29 LakhRevenue · FY 2023 · -48% YoY
- -₹45.4 LakhNet loss · -157% margin
- -₹47.1 LakhEBITDA · -162% margin
- ₹2.41 CrPaid-up capital
- -21%Revenue CAGR, 3 years
- +38%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mitron Capital Private Limited are on its company page.
Detailed financial statements for Mystro
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 Mystro
4 dated milestones of Mystro across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Mystro is founded.
- Funding First funding round of $38K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $136K.
Competitors of Mystro
Mystro has 8 listed competitors in our database, 7 of them funded. They include Clix Capital, InCred, DMI Finance, Niyogin and Credit Fair, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| clix.capital | 2016 | Gurugram, India | $69.52M | 1,742 | Lending platform for consumers and businesses is provided. | |
| incred.com | 2016 | Mumbai, India | $320.39M | 2,161 | Financial services are provided, specializing in personal and business loans. | |
| dmifinance.in | 2008 | Delhi, India | $734M | 1,054 | Personal, MSME, consumption, and EV loans are provided digitally. | |
| niyogin.com | 1988 | Mumbai, India | – | 93 | Online lending marketplace for business loans | |
| creditfair.in | 2018 | Mumbai, India | $26.81M | 291 | Solar financing solutions are provided by Credit Fair in India. | |
| ushafinancial.com | 2006 | Delhi, India | $12.45M | 41 | NBFC offering loans to entrepreneurs, MSMEs, and individuals | |
| knabfinance.com | 2015 | Bengaluru, India | $8.2M | 58 | Technology-driven lending solutions are provided to small and medium enterprises. | |
| monedo.in | 2017 | Mumbai, India | $9.2M | 116 | Monedo is engaged in providing diverse financial lending solutions. |
Detailed competitors of Mystro
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
10 companies that operate in the same segment as Mystro (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Frequently Asked Questions about Mystro
Mystro was founded in 2017.
Mystro is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Amritanshu Mohanty is the current CEO of Mystro. They have also founded this company.
Mystro is a funded company, having raised a total of $173.72K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $38.11K, raised on Nov 2017.
The primary company behind Mystro, Mitron Capital Private Limited, reported revenue of ₹29 Lakh for FY 2023, down 48% year on year.
Instant loans for personal and business purposes are facilitated by Mystro. A 100 digital process is offered, covering personal finance needs from emergency funds to lifestyle expenses, and business requirements like working capital and expansion. Repayment through EMIs is enabled via web or mobile app, with fast approvals and zero foreclosure charges. Loan amounts up to Rs. 5 lakhs for personal use and Rs. 25 lakhs for businesses are disbursed.
Mystro's top competitors include InCred, Clix Capital and Usha Financial.
Mystro offers Personal Loans and Small Business Loans.
Mystro has 2 investors. Key investors include Ajay Mahajan, and Sandeep Bhaga Lalge.
The valuation of Mystro is $3.41M as of Mar 2020.
Mystro operates through Mitron Capital Private Limited.
The legal entities of Mystro currently have 3 directors, including Amritanshu Mohanty, Sura Kishore Mohanty, Sandeep Vasant Walawalkar.