About StoryMirror
StoryMirror is a company based in Mumbai (India) founded in 2015 by Hitesh Jain.. StoryMirror has raised $1.14 million across 5 funding rounds from investors including Sarcha Advisors, Ankita Jain and Ruchi Singhal. The company has 12 employees as of April 07, 2024. StoryMirror offers products and services including Story Sharing Platform and Book Publishing.
- Headquarter Mumbai, India
- Employees 12 as on 07 Apr, 2024
- Founders Hitesh Jain
- Stage Minicorn
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Sectors
Media & 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 Storymirror Infotech Private Limited
- Date of Incorporation 28 Jan, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$301.23 K (USD)155.32as on Mar 31, 2023
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Net Profit
$-207.78 K (USD)-102.91as on Mar 31, 2023
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EBITDA
$-180.51 K (USD)-38.6as on Mar 31, 2023
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Total Equity Funding
$1.14 M (USD)
in 5 rounds
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Latest Funding Round
$113.73 K (USD), Seed
Jan 29, 2021
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Investors
Sarcha Advisors
& 23 more
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Employee Count
12
as on Apr 07, 2024
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Products & Services of StoryMirror
StoryMirror offers a comprehensive portfolio of products and services, including Story Sharing Platform and Book Publishing. 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.
A platform is provided for users to share stories, poems, and quotes in multiple languages.
Services are offered for publishing physical and digital books through collaborations with writers.
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Funding Insights of StoryMirror
StoryMirror has successfully raised a total of $1.14M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $113.73 thousand completed in January 2021. 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 5
- Last Round Seed — $113,732
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First Round
First Round
(31 Mar 2016)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Seed - StoryMirror | Valuation | Ankita Jain , Sarcha Advisors | |
| Mar, 2020 | Amount | Angel Round - StoryMirror | Valuation | Chattanathan D , Akhil Arora | |
| Oct, 2019 | Amount | Angel Round - StoryMirror | Valuation | Sivakumar Surampudi |
| 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 StoryMirror
StoryMirror has secured backing from 24 investors, including angel and institutional investors. Prominent investors backing the company include Sarcha Advisors, Ankita Jain and Ruchi Singhal. 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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Full-service corporate advisory firm
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Founded Year | Domain | Location | |
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AJ
Ankita Jain |
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|
Founded Year | Domain | Location |
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RS
Ruchi Singhal |
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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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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 StoryMirror
| 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 - StoryMirror
| 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 |
Storymirror Comparisons
Competitors of StoryMirror
| 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 StoryMirror
When was StoryMirror founded?
StoryMirror was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is StoryMirror located?
StoryMirror is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is StoryMirror a funded company?
StoryMirror is a funded company, having raised a total of $1.14M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $528.45K, raised on Mar 31, 2016.
How many employees does StoryMirror have?
As of Apr 07, 2024, the latest employee count at StoryMirror is 12.
What is the annual revenue of StoryMirror?
Annual revenue of StoryMirror is $301.23K as on Mar 31, 2023.
What does StoryMirror do?
StoryMirror was founded in 2015 in Mumbai, India, as an app-based platform in the digital content sector. Users are enabled to publish stories, poems, illustrations, and related works, while features support following authors, rating and reviewing content, collaboration on projects, book publishing, quote sharing, and audiobook access. Operations are conducted through Android and iOS applications for global user engagement.
What products or services does StoryMirror offer?
StoryMirror offers Story Sharing Platform and Book Publishing.
Who are StoryMirror's investors?
StoryMirror has 24 investors. Key investors include Sarcha Advisors, Ankita Jain, Ruchi Singhal, Seema Agrawal, and Sagarika Swain.
What is StoryMirror's valuation?
The valuation of StoryMirror is $6.54M as of Jan 2021.