About MYTM
MYTM is a company based in Lahore (Pakistan) founded in 2018 by Zain Farooq.. MYTM has raised $7.18 million across 2 funding rounds from investors including Rentracks, My Petroleum and Loyal VC. MYTM operates in a competitive market with competitors including redBus, MatchMove, Seamless Distribution Systems, BOOKKARU and Baloch Transport, among others.
- Headquarter Lahore, Pakistan
- Founders Zain Farooq
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Sectors
RetailTravel & Hospitality Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.18 M (USD)
in 2 rounds
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Latest Funding Round
$6.9 M (USD), Seed
Mar 03, 2022
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Investors
Rentracks
& 5 more
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Employee Count
Employee Count
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Funding Insights of MYTM
MYTM has successfully raised a total of $7.18M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $6.9 million completed in March 2022. 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 Seed — $6.9M
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First Round
First Round
(01 Jun 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - MYTM | Valuation | MYP , Loyal |
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| Jun, 2019 | Amount | Seed - MYTM | Valuation | Rentracks |
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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 MYTM
MYTM has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Rentracks, My Petroleum and Loyal VC. 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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A diversified evergreen venture fund is managed for accredited investors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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My Petroleum is engaged in distributing petrochemical products in Pakistan.
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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 MYTM
| 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 - MYTM
| 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 |
Mytm Comparisons
Competitors of MYTM
MYTM 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 redBus, MatchMove, Seamless Distribution Systems, BOOKKARU and Baloch Transport, 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 |
Bus tickets are booked online via portal and mobile app.
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| domain | founded_year | HQ Location |
White-label mobile wallets are offered to businesses for payments.
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| domain | founded_year | HQ Location |
Mobile payment processing services are offered to operators and consumers.
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| domain | founded_year | HQ Location |
Operates an app-based platform for booking bus tickets efficiently and securely.
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| domain | founded_year | HQ Location |
Provides an app-based platform for booking bus tickets.
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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 Mytm
Frequently Asked Questions about MYTM
When was MYTM founded?
MYTM was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is MYTM located?
MYTM is headquartered in Lahore, Pakistan. It is registered at Lahore, Punjab, Pakistan.
Who is the current CEO of MYTM?
Zain Farooq is the current CEO of MYTM. They have also founded this company.
Is MYTM a funded company?
MYTM is a funded company, having raised a total of $7.18M across 2 funding rounds to date. The company's 1st funding round was a Seed of $276.38K, raised on Jun 01, 2019.
What does MYTM do?
MYTM was founded in 2018 in Lahore, Pakistan, as a provider of e-ticketing platforms in the fintech sector. Retail agents and shops are connected with unbanked and under-banked individuals through digital channels. Services encompass bus and air travel bookings, QR code payments, booking management, social networking features, payment gateways, and online banking integration. The mobile app is offered for Android and iOS devices to support these operations.
Who are the top competitors of MYTM?
MYTM's top competitors include redBus, MatchMove and Seamless Distribution Systems.
Who are MYTM's investors?
MYTM has 6 investors. Key investors include Rentracks, My Petroleum, Loyal VC, PEX, and United Seven Hills.