About Riyaz
Riyaz is a company based in Bengaluru (India) founded in 2017 by Gopala Krishna Koduri and Xavier Serra.. Riyaz has raised $1.38 million across 4 funding rounds from investors including Wellfound, Multiply Ventures and Wellfound. The company has 8 employees as of March 27, 2024. Riyaz operates in a competitive market with competitors including Vocal Image, singShala, Sing Sharp App, Huimio and Sing Sharp, among others.
- Headquarter Bengaluru, India
- Employees 8 as on 27 Mar, 2024
- Founders Gopala Krishna Koduri, Xavier Serra
- Stage Minicorn
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Sectors
EducationMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Musicmuni Labs Private Limited
- Date of Incorporation 21 Oct, 2016
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$43.62 K (USD)-53.95as on Mar 31, 2023
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Net Profit
$-238.06 K (USD)7.43as on Mar 31, 2023
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EBITDA
$-140.13 K (USD)25.54as on Mar 31, 2023
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Total Equity Funding
$1.38 M (USD)
in 4 rounds
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Latest Funding Round
$498.58 K (USD), Seed
Apr 19, 2022
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Investors
Wellfound
& 4 more
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Employee Count
8
as on Mar 27, 2024
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Funding Insights of Riyaz
Riyaz has successfully raised a total of $1.38M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $498.58 thousand completed in April 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 4
- Last Round Seed — $498,583
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First Round
First Round
(16 May 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - Riyaz | Valuation | Multiply Ventures |
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| Jan, 2021 | Amount | Seed - Riyaz | Valuation | Multiply Ventures | |
| May, 2019 | Amount | Angel Round - Riyaz | Valuation | Thomas Varkey |
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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 Riyaz
Riyaz has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wellfound, Multiply Ventures and Wellfound. 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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Potato farming, grain marketing, and equipment services are conducted in Maine.
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Startup jobs are connected to individuals via a dedicated platform.
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Startup jobs are connected to seekers via an online platform.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Riyaz
| 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 - Riyaz
| 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 |
Riyaz Comparisons
Competitors of Riyaz
Riyaz 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 Vocal Image, singShala, Sing Sharp App, Huimio and Sing Sharp, 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 |
AI-based vocal training solutions are offered through a mobile platform.
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| domain | founded_year | HQ Location |
Classical and Hindustani music are taught via a mobile app.
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| domain | founded_year | HQ Location |
Personalized app for vocal training with real-time pitch and breath detection.
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| domain | founded_year | HQ Location |
Online tools for amateur musicians' practice and recording are provided.
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| domain | founded_year | HQ Location |
Offers AI-driven apps for vocal analysis and customized singing exercises.
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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 Riyaz
Frequently Asked Questions about Riyaz
When was Riyaz founded?
Riyaz was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Riyaz located?
Riyaz is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Riyaz?
Gopala Krishna Koduri is the current CEO of Riyaz. They have also founded this company.
Is Riyaz a funded company?
Riyaz is a funded company, having raised a total of $1.38M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $242.49K, raised on May 16, 2018.
How many employees does Riyaz have?
As of Mar 27, 2024, the latest employee count at Riyaz is 8.
What is the annual revenue of Riyaz?
Annual revenue of Riyaz is $43.62K as on Mar 31, 2023.
What does Riyaz do?
Riyaz was founded in 2017 in Bengaluru, India, operating in the music education sector. An app-based platform is offered for Android users, delivering singing lessons from beginner to advanced levels. Feedback on note accuracy is provided, along with badges, progress tracking, and audio analysis technology that evaluates voice quality from recordings. Solutions focus on structured practice and skill development.
Who are the top competitors of Riyaz?
Riyaz's top competitors include Vocal Image, singShala and Huimio.
Who are Riyaz's investors?
Riyaz has 5 investors. Key investors include Wellfound, Multiply Ventures, Wellfound, Thomas Varkey, and Girish Gullapudi.
What is Riyaz's valuation?
The valuation of Riyaz is $6.83M as of Apr 2022.
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