About MyTVS
MyTVS is a company based in Chennai (India) founded in 2003 by K V Narasimha Chary.. MyTVS has raised $223.22 million across 9 funding rounds from investors including Mahindra, Mitsubishi Corporation and Exor. The company has 1,292 employees as of January 31, 2025. MyTVS has completed 2 acquisitions, including JazzMyRide and RedSun Telematics. MyTVS operates in a competitive market with competitors including VehicleCare, CAFU, Fixcraft, AutoBrix and Amber, among others.
- Headquarter Chennai, India
- Employees 1292 as on 31 Jan, 2025
- Founders K V Narasimha Chary
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsBusiness 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
$217.94 M (USD)-10as on Mar 31, 2024
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Net Profit
$-16.75 M (USD)29as on Mar 31, 2024
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EBITDA
$-3.33 M (USD)64as on Mar 31, 2024
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Total Equity Funding
$223.22 M (USD)
in 9 rounds
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Latest Funding Round
$83.48 M (USD), Series C
Nov 01, 2022
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Investors
Mahindra
& 29 more
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Employee Count
1292
as on Jan 31, 2025
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Investments & Acquisitions
JazzMyRide
& 1 more
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Funding Insights of MyTVS
MyTVS has successfully raised a total of $223.22M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $83.48 million completed in November 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 9
- Last Round Series C — $83.5M
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First Round
First Round
(24 Feb 2011)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series C - MyTVS | Valuation |
investors |
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| Jun, 2021 | Amount | Series C - MyTVS | Valuation |
investors |
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| Feb, 2021 | Amount | Series B - MyTVS | Valuation | Mahindra |
| 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 MyTVS
MyTVS has secured backing from 30 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Mahindra, Mitsubishi Corporation and Exor. 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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Investment management and co-investment services through global networks.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity advisory services are provided across multiple sectors.
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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 MyTVS
MyTVS has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include JazzMyRide and RedSun Telematics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Vehicle enhancement services are provided in Delhi, India.
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2014 | ||||
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Telematics products are supplied to roadside assistance and insurance firms.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MyTVS
| 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 |
Mytvs Comparisons
Competitors of MyTVS
MyTVS 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 VehicleCare, CAFU, Fixcraft, AutoBrix and Amber, 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 |
AI-based car repair and maintenance services are delivered.
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| domain | founded_year | HQ Location |
Operates an on-demand platform for various car services.
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| domain | founded_year | HQ Location |
Online car repair and maintenance services are provided.
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| domain | founded_year | HQ Location |
An online platform for booking car wash and repair services conveniently.
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| domain | founded_year | HQ Location |
Extended warranty services are provided for Tesla electric vehicles.
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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 Mytvs
Frequently Asked Questions about MyTVS
When was MyTVS founded?
MyTVS was founded in 2003 and raised its 1st funding round 8 years after it was founded.
Where is MyTVS located?
MyTVS is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of MyTVS?
K V Narasimha Chary is the current CEO of MyTVS. They have also founded this company.
Is MyTVS a funded company?
MyTVS is a funded company, having raised a total of $223.22M across 9 funding rounds to date. The company's 1st funding round was a Series B of $6.33M, raised on Feb 24, 2011.
How many employees does MyTVS have?
As of Jan 31, 2025, the latest employee count at MyTVS is 1,292.
What is the annual revenue of MyTVS?
Annual revenue of MyTVS is $217.94M as on Mar 31, 2024.
What does MyTVS do?
MyTVS was founded in 2003 in Chennai, India, as an online platform in the automotive sector. Services such as multi-brand car repairs, roadside assistance, extended warranty management, service tools, consumables, and insurance are offered. Users book appointments by specifying service type, car model, city, and other details, with operations focused on the Indian market.
Who are the top competitors of MyTVS?
MyTVS's top competitors include VehicleCare, Amber and AutoBrix.
How many acquisitions has MyTVS made?
MyTVS has made 2 acquisitions, including JazzMyRide, and RedSun Telematics.
Who are MyTVS's investors?
MyTVS has 30 investors. Key investors include Mahindra, Mitsubishi Corporation, Exor, TVS Eurogrip, and Castrol.
What is MyTVS's valuation?
The valuation of MyTVS is $173.9M as of Feb 2021.
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