About Premagic
Premagic is a company based in Bengaluru (India) founded in 2018 by Mevin Chirayath, Anenth Vishnu, and Anup Mohan.. Premagic has raised $769.48 thousand across 2 funding rounds from investors including Y Combinator, unknown and Sujayath Ali. The company has 1 employees as of June 25, 2024. Premagic offers products and services including AI-Powered Photo Distribution, Event Marketing Posters, Avatar Studio, Registration with Face Check-In, and Ripple: Smart Event Networking. Premagic operates in a competitive market with competitors including Banzai, RainFocus, POSH, PhotoShelter and Goldcast, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 25 Jun, 2024
- Founders Mevin Chirayath, Anenth Vishnu, Anup Mohan
- Stage Minicorn
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Sectors
Media & EntertainmentTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wellbeing Studios Private Limited
- Date of Incorporation 11 Apr, 2018
- Jurisdiction Thrissur, Kerala, India
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Annual Revenue
$157.39 K (USD)630.7as on Mar 31, 2023
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Net Profit
$-163.03 K (USD)-67.78as on Mar 31, 2023
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EBITDA
$-157.31 K (USD)-65.69as on Mar 31, 2023
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Total Equity Funding
$769.48 K (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Seed
Dec 17, 2024
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Investors
Y Combinator
& 20 more
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Employee Count
1
as on Jun 25, 2024
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Products & Services of Premagic
Premagic offers a comprehensive portfolio of products and services, including AI-Powered Photo Distribution, Event Marketing Posters, Avatar Studio, Registration with Face Check-In, and Ripple: Smart Event Networking. 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 event photos using face recognition for quick sharing.
Generates personalized posters to boost event registrations and advocacy.
Creates branded AI avatars for fun and shareable attendee content.
Streamlines event check-ins using QR codes and facial recognition.
Facilitates seamless attendee connections during events.
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Funding Insights of Premagic
Premagic has successfully raised a total of $769.48K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in December 2024. 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 — $500,000
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First Round
First Round
(30 Apr 2021)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - Premagic | Valuation |
investors |
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| Apr, 2021 | Amount | Seed - Premagic | Valuation | unknown , Violet Sky Projects and Services |
| 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 Premagic
Premagic has secured backing from 21 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Y Combinator, unknown and Sujayath Ali. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Projects and services are delivered from Chennai, India.
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Founded Year | Domain | Location | |
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SA
Sujayath Ali |
Co-founder of Voonik, active angel investor in Indian startups
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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 Premagic
| 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 - Premagic
| 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 |
Premagic Comparisons
Competitors of Premagic
Premagic 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 Banzai, RainFocus, POSH, PhotoShelter and Goldcast, 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 |
On-demand SDRs are supplied to businesses through a CRM-integrated platform.
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| domain | founded_year | HQ Location |
Event marketing and analytics solutions provided to organizers and marketers.
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| domain | founded_year | HQ Location |
Event marketing solutions are delivered via an integrated platform.
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| domain | founded_year | HQ Location |
Photography website tools and photo marketplace are provided.
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| domain | founded_year | HQ Location |
Virtual event management solutions are delivered via a cloud-based platform.
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| domain | founded_year | HQ Location |
Digital marketing tools are supplied for live event organizers.
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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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Frequently Asked Questions about Premagic
When was Premagic founded?
Premagic was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Premagic located?
Premagic is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Premagic?
Anup Mohan is the current CEO of Premagic. They have also founded this company.
Is Premagic a funded company?
Premagic is a funded company, having raised a total of $769.48K across 2 funding rounds to date. The company's 1st funding round was a Seed of $269.48K, raised on Apr 30, 2021.
How many employees does Premagic have?
As of Jun 25, 2024, the latest employee count at Premagic is 1.
What is the annual revenue of Premagic?
Annual revenue of Premagic is $157.39K as on Mar 31, 2023.
What does Premagic do?
Premagic was founded in 2018 in Bengaluru, India, as a lead generation platform targeted at professional photographers. Photos from events are uploaded by users, sorted for organization, and personalized with branding options. Clients access and select preferred images, enabling streamlined delivery of chosen photos. Operations focus on the photography sector, supporting event-based workflows through digital tools.
Who are the top competitors of Premagic?
What products or services does Premagic offer?
Premagic offers AI-Powered Photo Distribution, Event Marketing Posters, Avatar Studio, Registration with Face Check-In, and Ripple: Smart Event Networking.
Who are Premagic's investors?
Premagic has 21 investors. Key investors include Y Combinator, unknown, Sujayath Ali, Sony Joy, and Mohammed Hisamuddin.
What is Premagic's valuation?
The valuation of Premagic is $1.23M as of Apr 2021.
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