About myTVS
myTVS is a company based in Panchkula (India) founded in 2011 by Mukesh Dhingra and Sunil Dhingra.. myTVS has raised $84.54 million across 3 funding rounds from investors including Exor and Castrol. The company has 29 employees as of April 04, 2024. myTVS operates in a competitive market with competitors including Autodukan, GrandPitstop, MyAutozone, AutoPortal and Popular auto battery center, among others.
- Headquarter Panchkula, India
- Employees 29 as on 04 Apr, 2024
- Founders Mukesh Dhingra, Sunil Dhingra
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Storeji Private Limited
- Date of Incorporation 03 Jan, 2014
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
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Annual Revenue
$3.87 M (USD)13.79as on Mar 31, 2022
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Net Profit
$20 K (USD)-68.12as on Mar 31, 2022
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EBITDA
$15.15 K (USD)-52.42as on Mar 31, 2022
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Total Equity Funding
$84.54 M (USD)
in 3 rounds
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Latest Funding Round
$24.6 M (USD), Series C
Dec 15, 2022
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Investors
Exor
& 1 more
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Employee Count
29
as on Apr 04, 2024
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Funding Insights of myTVS
myTVS has successfully raised a total of $84.54M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $24.6 million completed in December 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 3
- Last Round Series C — $24.6M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series C - myTVS | Valuation |
investors |
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| Nov, 2022 | Amount | Series C - myTVS | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - myTVS | Valuation | Exor |
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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 myTVS
myTVS has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Exor and Castrol. 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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Venture capital firm focused on health insurance companies and operates multiple industries
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Founded Year | Domain | Location | |
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Engine oils, fuels, and lubricants are produced by Castrol.
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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
| 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 - 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 Autodukan, GrandPitstop, MyAutozone, AutoPortal and Popular auto battery center, 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 |
Car washing, battery, and windshield cleaning products are provided.
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| domain | founded_year | HQ Location |
Aftermarket automotive parts and accessories are dealt online by GrandPitstop.
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| domain | founded_year | HQ Location |
Online platform selling automotive accessories with easy returns and delivery.
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| domain | founded_year | HQ Location |
Automobile news, research, comparisons, and second-hand car listings are provided.
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| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in automotive spare parts.
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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 2011 and raised its 1st funding round 10 years after it was founded.
Where is myTVS located?
myTVS is headquartered in Panchkula, India. It is registered at Panchkula, Haryana, India.
Who is the current CEO of myTVS?
Sunil Dhingra 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 $84.54M across 3 funding rounds to date.
How many employees does myTVS have?
As of Apr 04, 2024, the latest employee count at myTVS is 29.
What is the annual revenue of myTVS?
Annual revenue of myTVS is $3.87M as on Mar 31, 2022.
What does myTVS do?
myTVS was founded in 2011 in Panchkula, India, as a retailer in the automotive sector. Operations are centered on the distribution of parts and accessories through the domain mytvs.com. The company was co-founded by Mukesh Dhingra and Sunil Dhingra, with the latter designated as CEO. Various components are supplied to support vehicle maintenance needs in the Indian market.
Who are the top competitors of myTVS?
myTVS's top competitors include Autodukan, AutoPortal and GrandPitstop.