About Novosol
Novosol is a company based in Singapore (Singapore) founded in 2008 by Minhaz Lokhandwala.. Novosol has raised $7 million across 2 funding rounds from investors including Minhaz Lokhandwala. Novosol offers products and services including moLotus. Novosol operates in a competitive market with competitors including Aarki, Bird, Termii, Superchat and OpenMarket, among others.
- Headquarter Singapore, Singapore
- Founders Minhaz Lokhandwala
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Sectors
TechnologyMedia & Entertainment
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Novosol Mobile Magic Private Limited
- Date of Incorporation 29 Apr, 2011
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$176.08 K (USD)-27.22as on Mar 31, 2019
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Net Profit
$-31.69 K (USD)-40.78as on Mar 31, 2019
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EBITDA
$-28.11 K (USD)-55.11as on Mar 31, 2019
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Total Equity Funding
$7 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of Novosol
Novosol offers a comprehensive portfolio of products and services, including moLotus. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(22 Feb 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series B - Novosol | Valuation |
investors |
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| Feb, 2019 | Amount | Series A - Novosol | Valuation | Minhaz Lokhandwala |
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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 Novosol
Novosol has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Minhaz Lokhandwala. 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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ML
Minhaz Lokhandwala |
Angel investor and tech enthusiast, ex-CTO of Tracxn, startup mentor
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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 Novosol
| 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 - Novosol
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Novosol Comparisons
Competitors of Novosol
Novosol 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 Aarki, Bird, Termii, Superchat and OpenMarket, 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 |
Platform for creative optimization and programmatic media buying is provided.
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| domain | founded_year | HQ Location |
Cloud-based CRM solutions are delivered for business operations.
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| domain | founded_year | HQ Location |
Cross-channel messaging and eSIM connectivity solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Messaging marketing software is provided for multi-channel customer outreach.
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| domain | founded_year | HQ Location |
Messaging marketing platform is provided for customer campaigns.
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| domain | founded_year | HQ Location |
Mobile ad creatives and management are powered by AI technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Novosol
Frequently Asked Questions about Novosol
When was Novosol founded?
Novosol was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Where is Novosol located?
Novosol is headquartered in Singapore, Singapore.
Who is the current CEO of Novosol?
Minhaz Lokhandwala is the current CEO of Novosol. They have also founded this company.
Is Novosol a funded 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 22, 2019.
What is the annual revenue of Novosol?
Annual revenue of Novosol is $176.08K as on Mar 31, 2019.
What does Novosol do?
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.
Who are the top competitors of Novosol?
Novosol's top competitors include Aarki, Superchat and Text Request.
What products or services does Novosol offer?
Novosol offers moLotus.
Who are Novosol's investors?
Novosol has 1 investor. Key investors include Minhaz Lokhandwala.