MyAashiana Management Services Pvt. Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
MyAashiana Management Services Pvt. Ltd. - overview
Established
2013
Location
Mumbai, Maharashtra, India
Primary Industry
Information Services
About
MyAashiana Management Services Pvt. Ltd. provides innovative society management solutions, streamlining operations for residential communities through effective vendor management, compliance assurance, and financial processing tools. Founded in 2013 in Mumbai, India, MyAashiana Management Services Pvt.
Ltd. specializes in society management solutions. The company raised INR 25 million in a venture round on February 16, 2021, led by Solidarity Advisors. The founders, Jaydip Popat and Kunal Gupta, have backgrounds in technology and management, contributing to the company's strategic focus on enhancing operational efficiency.
The company has raised a total of INR 25 million, with a current valuation of INR 117. 806 million. Zipgrid specializes in comprehensive society management solutions, offering a streamlined approach to managing residential communities. Their core products focus on enhancing control over society operations, facilitating efficient money collection, ensuring compliance, and managing vendors effectively.
The services provided are designed to maximize operational efficiency, empowering committee members and providing them with tools to simplify society management. Zipgrid caters to a wide range of clients, including housing societies and community associations across major cities in India, such as Mumbai, Delhi, and Bangalore. Their solutions aim to resolve common challenges faced by these communities, such as cumbersome financial processes and compliance issues, thereby improving overall management and member engagement. In the most recent financial year, 2023, MyAashiana Management Services Pvt.
Ltd. generated revenue of INR 1,137,591. 30. The company's EBITDA for the same period was INR -592,921.
Following their most recent funding round in February 2021, MyAashiana Management Services Pvt. Ltd. plans to use the raised INR 25 million to develop new products and expand into additional geographic markets. They aim to enhance their offerings with innovative features and tools to better serve their clients in society management.
The company is targeting expansion into other major cities across India by 2024, with a focus on improving operational capabilities and user experience.
Current Investors
Jones Lang LaSalle, 1Crowd, Solidarity Advisors
Primary Industry
Information Services
Sub Industries
Consumer Services, Software, Information Services
Website
www.zipgrid.com
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
MyAashiana Management Services Pvt. Ltd. - timeline of key events
MyAashiana Management Services Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 157,234 | 3,279,381 | 13,673,102 | 28,266,308 | 39,345,542 | 50,766,898 | 48,346,463 | - | - | - |
| % Revenue Growth (YoY) | - | 1985.7% | 316.9% | 106.7% | 39.2% | 29.0% | (4.8%) | - | - | - |
| EBITDA (USD) | (1,110,371) | (1,384,237) | (17,947,443) | (19,829,832) | (21,763,860) | (39,186,145) | (34,908,784) | - | - | - |
| Operating Income (USD) | (1,152,781) | (1,501,282) | (18,972,444) | (21,454,973) | (22,905,878) | (40,337,441) | (43,455,985) | - | - | - |
| Operating Margin | (733.2%) | (45.8%) | (138.8%) | (75.9%) | (58.2%) | (79.5%) | (89.9%) | - | - | - |
| % EBITDA Margin | (706.2%) | (42.2%) | (131.3%) | (70.2%) | (55.3%) | (77.2%) | (72.2%) | - | - | - |
| NET Income (USD) | (796,572) | (1,380,921) | (13,783,980) | (17,480,691) | (15,984,647) | (43,439,521) | (65,952,591) | - | - | - |
| % Net Margin | (506.6%) | (42.1%) | (100.8%) | (61.8%) | (40.6%) | (85.6%) | (136.4%) | - | - | - |
MyAashiana Management Services Pvt. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | MyAashiana Management Services Pvt. Ltd. | - | ||||||||
| Unspecified Round | Completed | MyAashiana Management Services Pvt. Ltd. | - | ||||||||
| Unspecified Round | Completed | MyAashiana Management Services Pvt. Ltd. | - | ||||||||
| Unspecified Round | Completed | MyAashiana Management Services Pvt. Ltd. | - |
Displaying 1 - 4 of 4
MyAashiana Management Services Pvt. Ltd. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.