When was Madmix founded?

Madmix was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is Madmix located?

Madmix is headquartered in Mumbai, India. It is registered at T-A- 301 - NAMAN MIDTOWN, TULSI PIPE ROAD, SENAPATI BAPAT MARG, ELPHINSTONE, DADAR WEST, mumbai, Delisle Road, Mumbai, Mumbai, Maharashtra, India, 400013.

Which legal entities is Madmix associated with?

Madmix is associated with MEL SANTE FOOD PRODUCTION PRIVATE LIMITED.

How many employees does Madmix have?

As of Jul 31, 2026, the latest employee count at Madmix is 11.

Is Madmix a funded company?

Madmix is a funded company, having raised a total of $329K across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 04, 2023.

How much is Madmix worth?

The latest valuation of Madmix is $***** as of Dec 27, 2023.

When was the latest funding round of Madmix?

Madmix's latest funding was a $***** Angel round on Aug 26, 2025, with participation from 1 investor.

What is the annual revenue of Madmix?

Annual revenue of Madmix is less than ₹10 Cr as on Mar 31, 2025

Where does Madmix rank among its competitors?

Madmix ranks 11th amongst 96 active competitors, of which 4 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Madmix, which secured $57.1K in Aug, 2025.

Who are the top competitors of Madmix?

Madmix's top competitors include Soulfull, Mille super grains and Tru Millets. Among them, Madmix secured the most recent funding round in August, 2025.

Madmix - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Internet first brand of ready-to-eat snacks. Its products are free from artificial colours, gluten free, protein packed, and vegan friendly. Its products includes millet based bhujia, millet puffs, and other snacks products. ,

Website: eatmadmix.com
Social
Email ID: *****@eatmadmix.com
Phone Number: +91 **********
Registered Address: T-A- 301 - NAMAN MIDTOWN, TULSI PIPE ROAD, SENAPATI BAPAT MARG, ELPHINSTONE, DADAR WEST, mumbai, Delisle Road, Mumbai, Mumbai, Maharashtra, India, 400013

Key Metrics

Founded Year

2021

Location

Mumbai, India

Stage

Seed

Total Funding

$329K in 3 rounds

Latest Funding Round

Angel, Aug 26, 2025, $*****

Post Money Valuation

$***** as on Dec 27, 2023

Investors

Prime Securities & 7 more

Ranked

11^th among 96 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

11 as on Jul 31, 2026

Similar Companies

Raman Greens & 33 more

View Madmix's full profile

Madmix is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MEL SANTE FOOD PRODUCTION PRIVATE LIMITED CIN: U15490MH2021PTC353105 , India, Active	Jan 07, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	-

Madmix has raised a total funding of $329K over 3 rounds. Its first funding round was on Jan 04, 2023. Its latest funding round was a Angel round on Aug 26, 2025 for $*****. 1 investor participated in its latest round. Madmix has 4 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Madmix:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 26, 2025	5534051	Angel	1039730	8570097	4654383	1943921
Dec 27, 2023	7660039	Seed	8236286	7263819	2340455	5182571
Jan 04, 2023	7210143	Seed	5638210	3355767	Prime Securities	Team India Managers & 4 more

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View details of Madmix's funding rounds and investors

Madmix's Board of Directors

Madmix's board has 2 active members. Gaurav Palrecha is part of team and Harakchand Hastimal Palrecha is independent board member.

Here is the list of Madmix's board of directors:

Name	Type	Representing	Status	Duration
Gaurav Palrecha	Team	-	Current	5y 7m
Harakchand Hastimal Palrecha	Independent board member	-	Current	3y 10m

Madmix's employee count trend

Madmix has 11 employees as of Jul 26. Here is Madmix's employee count trend over the years:

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Top competitors of Madmix include Soulfull, Mille super grains and Tru Millets. Here is the list of Top 10 competitors of Madmix, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Soulfull 2011, Bengaluru (India), Acquired	Manufacturer of breakfast cereal products	$10.9M	Aavishkaar Capital, Brand Capital & 20 others	56/100
2nd	Mille super grains 2022, Gurugram (India), Seed	Online brand offering gluten-free products using supergrains	-	-	52/100
3rd	Tru Millets 2018, Bengaluru (India), Acquired	Online brand offering multi category organic millet based products	$37K	-	47/100
4th	Millex 2022, Chikmagalur (India), Unfunded	Manufacturer offering millet‑based health mixes and instant breakfast products	-	-	41/100
5th	Nutrivise 2023, Bengaluru (India), Unfunded	Retailer of millet-based foods	-	-	40/100
6th	The Millet Bazaar 2020, Hyderabad (India), Unfunded	Online retailer offering multi-category millet-made grocery products	-	-	39/100
7th	Naario 2021, Delhi (India), Seed	Retailer of healthy breakfast cereals snacks and multi grain flour	$336K	Angel List, JRG Automotive Industries & 18 others	38/100
8th	Gudmom 2020, Pune (India), Funding Raised	Facilitator of certified organic farm produce and farmer training	-	Aarii Ventures	37/100
9th	Vinessence 2023, Coorg (India), Unfunded	Online platform offering organic millets and nutritious food	-	-	36/100
10th	Raman Greens 2021, Bhopal (India), Unfunded	Manufacturer of millet based cookies and various healthy snack items	-	-	35/100
11th	Madmix 2021, Mumbai (India), Seed	Internet first brand of ready-to-eat snacks	$329K	Authum, Prime Securities & 6 others	33/100

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Founders (largest shareholder) own 55.76%, Funds own 8.36%, Enterprises own 5.82% and Angels own 2.18%. The net worth of Madmix's founders is INR 17Cr as of Dec 27, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	55.76%	17Cr	4047416	7479112	6737986	2371046
Fund	8.36%	2.55Cr	6706081	8833739	8789613	3921026
Enterprise	5.82%	1.78Cr	61772	74275	21992	67575
Angel	2.18%	66.3L	39	30	59	15
Other People	27.88%	8.5Cr	6725988	6898549	6008458	2765682
Total	100.00%	30.5Cr	5941030	1640100	4046744	9389055