When was MagTapp founded?

MagTapp was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Where is MagTapp located?

MagTapp is headquartered in Mumbai, India. It is registered at Wework, 10th Floor, Nesco Tower 4, C Wing, Western Express Highway, Nesco IT Park, Goregaon East, Mumbai, Goregaon East, Maharashtra, India, 400063.

Who is the current CEO of MagTapp?

Satyapal Chandra of MagTapp. They have also founded 1 company.

Which legal entities is MagTapp associated with?

MagTapp is associated with MAGTAPP TECHNOLOGIES PRIVATE LIMITED.

How many employees does MagTapp have?

As of Aug 31, 2026, the latest employee count at MagTapp is 36.

Is MagTapp a funded company?

MagTapp is a funded company, having raised a total of $1.05M across 4 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Aug 22, 2019.

How much is MagTapp worth?

The latest valuation of MagTapp is $***** as of Sep 11, 2023. This marks a decline of 8% from its peak valuation of $10M in Aug, 2019. This marks a decline of 8% from its peak valuation of $10M in Aug, 2019.

When was the latest funding round of MagTapp?

MagTapp's latest funding was a $***** Seed round on Aug 27, 2023, with participation from 0 investor. Its primary sector is Productivity Software. Globally, the Productivity Software sector has seen $2.39B in funding in 2026 to date.

What is the annual revenue of MagTapp?

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

Where does MagTapp rank among its competitors?

MagTapp ranks 7th amongst 186 active competitors, of which 10 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Elicit, which secured $9M in Sep, 2023.

Who are the top competitors of MagTapp?

MagTapp's top competitors include Agolo, Crate and Elicit. Among them, Elicit secured the most recent funding round in September, 2023.

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

Company Details

Provider of visual app used as dictionary and a web browser. It allows users to read, annotate, sign, highlight, underline, edit, and share PDF files and documents. Platform features include inbuilt visual dictionary that allows users to read contents with visual meanings.

Website: magtapp.com
Social
Email ID: *****@magtapp.com
Phone Number: +91 **********
Registered Address: Wework, 10th Floor, Nesco Tower 4, C Wing, Western Express Highway, Nesco IT Park, Goregaon East, Mumbai, Goregaon East, Maharashtra, India, 400063

Key Metrics

Founded Year

2018

Location

Mumbai, India

Stage

Seed

Total Funding

$1.05M in 4 rounds

Latest Funding Round

Seed, Aug 27, 2023, $*****

Post Money Valuation

$***** as on Sep 11, 2023

Investors

Hasmukh Damji Gala & 5 more

Ranked

7^th among 186 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

36 as on Aug 31, 2026

Similar Companies

Agolo & 192 more

View MagTapp's full profile

MagTapp is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MAGTAPP TECHNOLOGIES PRIVATE LIMITED CIN: U72200MH2019PTC321541 , India, Active	Feb 20, 2019	0 - ₹10 Cr (As on Mar 31, 2025)	-

MagTapp has raised a total funding of $1.05M over 4 rounds. Its first funding round was on Aug 22, 2019. MagTapp has 2 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of MagTapp:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 27, 2023	7509348	Seed	9302805	9949416	3337326	4391264
May 05, 2022	2148567	Angel	1547933	1267774	2388807	Mayur Jayantilal Gala
Dec 11, 2020	2366132	Angel	9105098	7540772	Hasmukh Damji Gala	Meenakshi Gangwani & 1 more

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View details of MagTapp's funding rounds and investors

The founders of MagTapp are Satyapal Chandra and Rohan Singh. Satyapal Chandra is the CEO of MagTapp.

Here are the details of MagTapp's key team members:

Satyapal Chandra: Co-Founder & CEO of MagTapp. They serve on the board of 1 company.
Rohan Singh: Former Co-Founder of MagTapp.
Contact Info: 1 email address and 1 phone number

MagTapp's Board of Directors

MagTapp's board has 1 active member. Satyapal Chandra is part of team.

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

Name	Type	Representing	Status	Duration
Satyapal Chandra	Team	-	Current	7y 7m
mntbsrx	Independent board member	-	Past	8y 4m

View details of MagTapp's Founder profiles and Board Members

MagTapp's employee count trend

MagTapp has 36 employees as of Aug 26. Here is MagTapp's employee count trend over the years:

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Top competitors of MagTapp include Agolo, Crate and Elicit. Here is the list of Top 10 competitors of MagTapp, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Agolo 2012, New York City (United States), Series A	AI powered unstructured data analytics platform	$18M	Lytical Ventures, M12 & 20 others	49/100
2nd	Crate 2021, Beaverton (United States), Seed	Generative AI-based social curation app	$2.5M	MaC Venture Capital	49/100
3rd	Elicit Oakland (United States), Seed	AI-powered platform offering research assistant	$9M	Fifty Years, avra & 7 others	48/100
4th	Summarizer 2021, Faisalabad (Pakistan), Unfunded	Developer of a text summarizer platform	-	-	44/100
5th	Vosyn 2023, Etobicoke (Canada), Funding Raised	Provider of AI-powered real-time multilingual content platform	-	-	44/100
6th	AudioPen 2021, Unfunded	AI-powered web app that converts voice notes into structured texts	-	-	40/100
7th	MagTapp 2018, Mumbai (India), Seed	Provider of visual app used as dictionary and a web browser	$1.05M	Riidl, PureValue & 4 others	38/100
8th	Genei 2019, London (United Kingdom), Seed	Developer of an AI tool for summarization and research purposes	$125K	Y Combinator, Fowlmere Asset Management & 6 others	35/100
9th	Otio 2022, London (United Kingdom), Seed	AI-powered research and writing assistant platform	$1.1M	Signatureventures, Fuel Ventures	35/100
10th	TXYZ 2023, Mountain View (United States), Unfunded	Platform offering API access to integrate its service	-	-	33/100

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Founders (largest shareholder) own 81.44% and Angels own 18.57%. The net worth of MagTapp's founders is INR 62.4Cr as of May 05, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	81.44%	62.4Cr	9905269	4123756	8214023	1733041
Satyapal Chandra	4534349	5650597	9866029	1052945	8037931	6116671
Angel	18.57%	14.2Cr	8429219	6728423	5132898	6401505
Hasmukh Damji Gala	1425777	4959601	8590521	8806374	3881153	6702897
Mayur Jayantilal Gala	646	559	516	162	913	181
Niral Chetan Ail	4	5	4	6	3	3
Meenakshi Gangwani	0	0	0	0	0	0
Total	100.00%	76.7Cr	6689006	8993077	1494986	5176496