About Novosol
Novosol is a Technology company based in Singapore (Singapore) founded in 2008 by Minhaz Lokhandwala. Mobile advertising platform for enterprise business and SMEs. It operates in the Technology and Media & Entertainment sectors. Novosol has raised $7 million across 2 funding rounds from investors including Minhaz Lokhandwala. Its chief executive, as recorded, is Minhaz Lokhandwala. Its Indian entity Novosol Mobile Magic Private Limited reported revenue of ₹1.48 Cr. Novosol offers products and services including moLotus. Its focus areas include Enterprise Applications, MarketingTech, Mobile Marketing and Messaging Marketing.
Company details
Mobile advertising platform fore enterprise business and SMEs. It offers direct customer marketing and engagement platform that helps companies to promote, sell, and engage with customers. It also automates customer relationship processes by delivering messages across various industries and geographies through video messaging personalization and interaction features.
- Headquarters Singapore, Singapore
- Founders Minhaz Lokhandwala
- SectorsTechnologyMedia & Entertainment
- Email••••••••
- Website novosol.biz
- Social LinkedIn X Facebook
- Legal Name Novosol Mobile Magic Private Limited
- Date of Incorporation 29 Apr, 2011
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹1.48 Cr
FY 2025 · +20% YoY
- Indian entity net profit₹3.8 Lakh
FY 2025 · 3% margin
- Indian entity EBITDA₹5.2 Lakh
FY 2025 · 4% margin
- Total Equity Funding$7M (USD)
in 2 rounds
Associated legal entities of Novosol
Novosol operates through Novosol Mobile Magic Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Novosol Mobile Magic Private Limited CIN U72900DL2011PTC218294 | Active | 29 Apr 2011 | New Delhi, Delhi | ₹1.5 Cr | 2 | View details |
Products & Services of Novosol
Novosol offers a comprehensive portfolio of products and services, including moLotus.
Delivers personalized video messages for marketing without app downloads.
Funding Insights of Novosol
Novosol has successfully raised a total of $7M across 2 strategic funding rounds. 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 $7M
- Total Rounds 2
- First Round $7M
(Feb 2019)
- Investors Count 1
All 2 funding rounds of Novosol 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 |
|---|---|---|---|---|---|
| Feb 2024 | Series B | – | – | – | |
| Feb 2019 | $7M | Series A | – | Minhaz Lokhandwala | – |
1 investors in total: 0 institutional and 1 angel.
Investors in Novosol
Novosol has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Minhaz Lokhandwala.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
ML Minhaz Lokhandwala | Angel investor and tech enthusiast, ex-CTO of Tracxn, startup mentor | unknown_d35189bae6fa4a6fa |
Investor details for Novosol
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 Novosol Mobile Magic Private Limited (Novosol)
Novosol Mobile Magic Private Limited is the primary company behind Novosol. The board of Novosol Mobile Magic Private Limited currently have 2 directors; the longest-serving is Minhaz Mansoor Lokhandwala, appointed in 2011. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Minhaz Mansoor Lokhandwala DIN 02576289 | Director | 29 Apr 2011 | 15 yrs 6 mo | Novosol Mobile Magic Private Limited |
| Reji Joshua DIN 07226010 | Director | 08 Jul 2015 | 11 yrs 3 mo | Novosol Mobile Magic Private Limited |
People of Novosol
1 people are tracked at Novosol (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Novosol
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 Novosol
Figures of Novosol Mobile Magic Private Limited, the primary company behind Novosol, for FY 2025. Revenue was ₹1.48 Cr (+20% year on year). Net profit was ₹3.8 Lakh (3% margin). EBITDA was ₹5.2 Lakh (4% margin). Revenue has grown at a compounded annual rate of +4% over three years and +2% over five years.
- ₹1.48 CrRevenue · FY 2025 · +20% YoY
- ₹3.8 LakhNet profit · 3% margin
- ₹5.2 LakhEBITDA · 4% margin
- ₹3.50 CrPaid-up capital
- +4%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Novosol Mobile Magic Private Limited are on its company page.
Detailed financial statements for Novosol
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Novosol
3 dated milestones of Novosol across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Novosol is founded.
- Funding First funding round of $7.0M.
- Funding Latest funding round, Series B,.
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Related news about Novosol
Complete news archive for Novosol
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Frequently Asked Questions about Novosol
Novosol was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Novosol is headquartered in Singapore, Singapore.
Minhaz Lokhandwala is the CEO of Novosol, as recorded in our data. They have also founded this company.
Novosol is a funded company, having raised a total of $7M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Feb 2019.
The primary company behind Novosol, Novosol Mobile Magic Private Limited, reported revenue of ₹1.48 Cr for FY 2025, up 20% year on year.
Mobile advertising platform fore enterprise business and SMEs. It offers direct customer marketing and engagement platform that helps companies to promote, sell, and engage with customers. It also automates customer relationship processes by delivering messages across various industries and geographies through video messaging personalization and interaction features.
Novosol offers moLotus.
Novosol has 1 investor. Key investors include Minhaz Lokhandwala.
Novosol operates through Novosol Mobile Magic Private Limited.
The legal entities of Novosol currently have 2 directors, including Minhaz Mansoor Lokhandwala, Reji Joshua.