When was MahaDAO founded?

MahaDAO was founded in 2020 and raised its 1st funding round within a year of its incorporation.

Where is MahaDAO located?

MahaDAO is headquartered in Mumbai, India.

How many employees does MahaDAO have?

As of Mar 31, 2026, the latest employee count at MahaDAO is 17.

Is MahaDAO a funded company?

MahaDAO is a funded company, having raised a total of $***** in its 1st and only funding round, a ICO round on Dec 18, 2020.

When was the latest funding round of MahaDAO?

MahaDAO's latest funding was a $***** ICO round on Dec 18, 2020, with participation from 0 investor.

Where does MahaDAO rank among its competitors?

MahaDAO ranks 4th amongst 37 active competitors, of which 6 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Array, which secured $10M in Mar, 2023.

Who are the top competitors of MahaDAO?

MahaDAO's top competitors include MakerDAO, Ampleforth and Nav Coin. Among them, Array secured the most recent funding round in March, 2023.

MahaDAO - 2026 Company Profile, Team, Funding & Competitors

MahaDAO is a funded company based in Mumbai (India), founded in 2020 by Pranay Sanghavi and Steven Enamakel. It operates as a Decentralized stable coin backed by MahaDAO. MahaDAO has raised an undisclosed amount in funding. The company has 37 active competitors, including 6 that are funded. Its top competitors include companies like MakerDAO, Ampleforth and Nav Coin.

Company Details

Decentralized stable coin backed by MahaDAO. It is an algorithmic cryptocurrency pegged on Maha token holders. It allows users to avail rewards for liquidity farming across chains in a blockchain infrastructure. Also, provides tools for staking, lending, borrowing, storing, and trading ARTH through Gasless wallets.

Website: mahadao.com
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Key Metrics

Founded Year

2020

Location

Mumbai, India

Stage

Funding Raised

Latest Funding Round

ICO, Dec 18, 2020, $*****

Investors

Moonrockcapital & 5 more

Ranked

4^th among 37 active competitors

Employee Count

17 as on Mar 31, 2026

Investment & Acquisitions

Oddz

Similar Companies

MakerDAO & 46 more

View MahaDAO's full profile

MahaDAO has raised funding over 1 round. MahaDAO has 6 institutional investors.

Here is the list of recent funding rounds of MahaDAO:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 18, 2020	4852829	ICO	4778768	4606417	6472489	6957756

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View details of MahaDAO's funding rounds and investors

The founders of MahaDAO are Pranay Sanghavi and Steven Enamakel.

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

Pranay Sanghavi: Co-Founder of MahaDAO and founder of 1 other company. They are also an angel investor in 1 startup.
Steven Enamakel: Co-Founder & CEO of MahaDAO and founder of 1 other company.

View details of MahaDAO's Founder profiles and Board Members

MahaDAO's employee count trend

MahaDAO has 17 employees as of Mar 26. Here is MahaDAO's employee count trend over the years:

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Top competitors of MahaDAO include MakerDAO, Ampleforth and Nav Coin. Here is the list of Top 10 competitors of MahaDAO, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MakerDAO 2014, San Francisco (United States), Series A	Stable coin based on Ethereum blockchain	$63M	Andreessen Horowitz, 2020 Ventures & 25 others	58/100
2nd	Ampleforth 2017, San Francisco (United States), Series A	Price stable cryptocurrency for transactions	$7.75M	Tyger Capital, Nima Capital & 18 others	52/100
3rd	Nav Coin 2014, Auckland (New Zealand), Unfunded	Decentralized cryptocurrency for payment solutions	-	-	40/100
4th	MahaDAO 2020, Mumbai (India), Funding Raised	Decentralized stable coin backed by MahaDAO	-	Moonrockcapital, NetZero Capital & 4 others	34/100
5th	TiTi 2020, Singapore (Singapore), Series A	Online platform offering a multi-asset reserve stablecoin	$3.5M	Spartan Group, Agnostic Fund & 6 others	33/100
6th	Coku 2021, Turkey, Unfunded	Blockchain-based network for finance industry	-	-	33/100
7th	GARD 2021, Panama City (Panama), Seed	Algorithmic stablecoin on Algorand's blockchain	$1.75M	Borderless Capital, Master Ventures & 4 others	32/100
8th	Olympus DAO 2020, Amsterdam (Netherlands), Funding Raised	Decentralized reserve currency protocol	-	Blockchain Coinvestors, Maven 11 & 3 others	31/100
9th	Array 2022, China, Series A	Provider of AI-based omni-chain protocol for application-oriented decentralized asset management	$10M	Temasek	30/100
10th	ViFi 2023, London (United Kingdom), Unfunded	Provider of decentralized stablecoin protocol issuing synthetic on-chain fiat-pegged tokens	-	-	30/100