About Premagic
Premagic is a company based in Bengaluru (India) founded in 2018 by Mevin Chirayath, Anenth Vishnu, and Anup Mohan. Premagic has raised $1.48 million across 3 funding rounds from investors including Y Combinator, 300ventures.com and Sujayath Ali. The company has 1 employees. 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
- Founders Mevin Chirayath, Anenth Vishnu, Anup Mohan
- Stage Minicorn
- SectorsMedia & EntertainmentTechnology
- Website category Lifestyle · Weddings
- Email••••••••
- Phone•••• ••••
- Website premagic.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Wellbeing Studios Private Limited
- Date of Incorporation 11 Apr, 2018
- Jurisdiction Thrissur, Kerala, India
- Annual Revenue₹3.02 Cr
FY 2024 · +131% YoY
- Net Loss-₹1.67 Cr
FY 2024 · -55% margin
- EBITDA-₹1.58 Cr
FY 2024 · -52% margin
- Total Equity Funding$1.48M (USD)
in 3 rounds
- Latest Funding Round$500K (USD), Seed
Dec 2024
- InvestorsY Combinator
& 21 more
- Employee Count1
Associated legal entities of Premagic
Premagic operates through Wellbeing Studios Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wellbeing Studios Private Limited CIN U72900KL2018PTC052861 | Active | 11 Apr 2018 | Ernakulam, Kerala | ₹3.0 Cr | 27 | 4 | View details |
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.
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.
Apps and channels of Premagic
its YouTube channel Premagic has 763 subscribers and 30 videos.
Videos from Premagic
The most watched videos on Premagic's YouTube channel, Premagic (763 subscribers). Click a video to play it here.
More on Premagic.
Funding Insights of Premagic
Premagic has successfully raised a total of $1.48M across 3 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 $1.48M
- Total Rounds 3
- Last Round Seed — $500,000
- First Round $269,484
(Apr 2021)
- Investors Count 22
All 3 funding rounds of Premagic 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 |
|---|---|---|---|---|---|
| Dec 2024 | $500,000 | Seed | – | – | |
| Dec 2024 | $708,210 | Seed | – | Keralaangelnetwork.com | – |
| Apr 2021 | $269,484 | Seed | $1.23M | 300ventures.com, Violet Sky Projects and Services |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2021 | $1.23M | •••••••• |
Last known valuation $1.23M (Apr 2021). 22 investors in total: 4 institutional and 18 angel.
Investors in Premagic
Premagic has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Y Combinator, 300ventures.com and Sujayath Ali.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
- | – | keralaangelnetwork.com | - | |
Projects and services are delivered from Chennai, India. | – | violetskyprojects.tcc.mode | Chennai, India | |
SA Sujayath Ali | Co-founder of Voonik, active angel investor in Indian startups | – | unknown_4839175899dc45e0a | - |
SJ Sony Joy | Founder of Chillr, angel investor, fintech innovator in India | – | unknown_543dfb28cd5749b78 | - |
MH Mohammed Hisamuddin | Angel investor, co-founder of Entropy Innovations, focused on tech startups | – | unknown_84fdf957c26642e88 | - |
SS Sharique Samsudheen | Founder of Fundamentum, angel investor, ex-Sequoia Capital India advisor | – | unknown_6b085ccdc321480eb | - |
AP Abindas Punnoli Korath | - | – | unknown_ce64a36944c7461c9 | - |
RK Rinish Kunhiraman Nalini | - | – | unknown_abce68181d5941b39 | - |
AM Anisha Malik | - | – | unknown_71fbcbc4484b4ece8 | - |
Investor details for Premagic
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 Wellbeing Studios Private Limited (Premagic)
Wellbeing Studios Private Limited is the primary company behind Premagic. The board of Wellbeing Studios Private Limited currently have 4 directors; the longest-serving is Aswathy Ramachandran, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aswathy Ramachandran DIN 08107837 | Director | 11 Apr 2018 | 8 yrs 5 mo | Wellbeing Studios Private Limited |
| Anup Mohan DIN 06450282 | Director | 11 Apr 2018 | 8 yrs 5 mo | Wellbeing Studios Private Limited |
| Mevin Babu Chirayath DIN 09638419 | Director | 16 Jun 2022 | 4 yrs 3 mo | Wellbeing Studios Private Limited |
| Kaniyath Poothakandy Anenth Vishnu DIN 09638418 | Director | 16 Jun 2022 | 4 yrs 3 mo | Wellbeing Studios Private Limited |
People of Premagic
11 people are tracked at Premagic (4 in leadership, 7 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Nishad V A | Creative Head | Leadership |
Ramesh Marisetti | Core Team #premagic | Team |
Anas Manadan | Senior Product Engineer | Team |
Anju Surendran | Creative Copywriter | Team |
Mousam Kalita | Software Engineer (front End) | Team |
Pradeeksh Vishnudas | Founding Member | Team |
Selvakumar A S | Senior Sales Development Representative | Team |
Hanan P | Frontend Engineer | Team |
Complete people profiles for Premagic
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 Premagic
Figures of Wellbeing Studios Private Limited, the primary company behind Premagic, for FY 2024. Revenue was ₹3.02 Cr (+131% year on year). Net loss was -₹1.67 Cr (-55% margin). EBITDA was -₹1.58 Cr (-52% margin). Revenue has grown at a compounded annual rate of +160% over three years and +172% over five years.
- ₹3.02 CrRevenue · FY 2024 · +131% YoY
- -₹1.67 CrNet loss · -55% margin
- -₹1.58 CrEBITDA · -52% margin
- ₹2.3 LakhPaid-up capital
- 27Employees (provident fund records)
- +160%Revenue CAGR, 3 years
- +172%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Wellbeing Studios Private Limited are on its company page.
Detailed financial statements for Premagic
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Premagic
4 dated milestones of Premagic across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Premagic is founded.
- Funding First funding round of $269K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $500K.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| banzai.io | 2015 | Seattle, United States | $7M | 30 | On-demand SDRs are supplied to businesses through a CRM-integrated platform. | |
| rainfocus.com | 2013 | Lindon, United States | $104M | 740 | Event marketing and analytics solutions provided to organizers and marketers. | |
| posh.vip | 2019 | New York, United States | $27M | – | Event marketing solutions are delivered via an integrated platform. | |
| photoshelter.com | 2005 | New York, United States | $12.2M | – | Photography website tools and photo marketplace are provided. | |
| goldcast.io | 2020 | Cambridge, United States | $41.95M | 47 | Virtual event management solutions are delivered via a cloud-based platform. | |
| feathr.co | 2011 | Gainesville, United States | $16.63M | 78 | Digital marketing tools are supplied for live event organizers. | |
| asf.com | 1995 | Austin, United States | $86.5M | 27 | Dry film processing and automatic photo restoration software is provided. | |
| arenametrix.com | 2013 | Paris, France | $11.38M | – | Event management solutions for audience engagement and analytics are offered. | |
| gotphoto.com | 2012 | Berlin, Germany | – | – | Online photo sales for school photography businesses are facilitated. |
Detailed competitors of Premagic
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Premagic
The website of Premagic (premagic.com) receives about 194.9K visits a month and ranks #102,019 among all websites worldwide, #5,233 in Weddings.
- Monthly visits194.9K
▼ 9.8% vs previous month
- Unique visitors77.6K
per month
- Global rank#102,019
among all websites
- Category rank#5,233
Lifestyle · Weddings
- Bounce rate39%
- Pages per visit16.0
- Average visit2 min 21 sec
- DevicesDesktop 9% · Mobile 91%
Websites whose visitors overlap most with Premagic. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| weddingsutra.com | 100% | 144.3K | #309,192 | View details |
Latest news on Premagic
Complete news archive for Premagic
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Premagic
10 companies that operate in the same segment as Premagic (Photography & Online Media Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 2,420 | |
Online platform for creating graphic images | 2012 | Surry Hills, New South Wales, Australia | USD 589.22 M | – | – | |
AI-powered platform manages marketing creatives and customer journeys. | 1982 | San Jose, California, United States | – | USD 23.77 B | 30,710 | |
Royalty-free stock photos, creative images, and vectors are supplied globally. | 1995 | Seattle, Washington, United States | USD 625 M | USD 939.29 M | 1,700 | |
AI video generation models and production tools are developed. | 2013 | Jerusalem, Jerusalem District, Israel | USD 305 M | – | – | |
Developer of generative AI models for image, video, audio, and 3D | 2021 | London, England, United Kingdom | USD 257 M | – | – | |
Product and portrait photo editing is enabled through mobile application. | 2019 | Paris, France | USD 62.15 M | – | – | |
Social platform for photo and video sharing | 2010 | San Francisco, California, United States | USD 57.05 M | – | – | |
Tenor is recognized for providing GIF-based communication tools. | 2014 | San Francisco, California, United States | USD 30.5 M | – | – | |
Cloud-based AR-enabled photo collaboration for field services is provided. | 2015 | Lincoln, Nebraska, United States | USD 36.25 M | – | – |
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Frequently Asked Questions about Premagic
Premagic was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Premagic is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Anup Mohan is the current CEO of Premagic. They have also founded this company.
Premagic is a funded company, having raised a total of $1.48M across 3 funding rounds to date. The company's 1st funding round was a Seed of $269.48K, raised on Apr 2021.
Premagic has 1 employees.
The primary company behind Premagic, Wellbeing Studios Private Limited, reported revenue of ₹3.02 Cr for FY 2024, up 131% year on year.
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.
Premagic offers AI-Powered Photo Distribution, Event Marketing Posters, Avatar Studio, Registration with Face Check-In, and Ripple: Smart Event Networking.
Premagic has 22 investors. Key investors include Y Combinator, 300ventures.com, Sujayath Ali, Sony Joy, and Mohammed Hisamuddin.
The valuation of Premagic is $1.23M as of Apr 2021.
Premagic operates through Wellbeing Studios Private Limited.