When was My Mandi founded?

My Mandi was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is My Mandi located?

My Mandi is headquartered in Gwalior, India. It is registered at Parking No. 1, A-14/319, Transport Nagar, Gwalior Fort, Gwalior, Gird, Madhya Pradesh, India, 474008.

Which legal entities is My Mandi associated with?

My Mandi is associated with HYPER GROCERS PRIVATE LIMITED.

How many employees does My Mandi have?

As of Aug 31, 2025, My Mandi has 5 employees, reflecting a 90% year-over-year decline in headcount.

Is My Mandi a funded company?

My Mandi is a funded company, having raised a total of $2.06M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 31, 2022.

How much is My Mandi worth?

The latest valuation of My Mandi is $***** as of Oct 27, 2023. This marks a decline of 16% from its peak valuation of $8.12M in May, 2022. This marks a decline of 16% from its peak valuation of $8.12M in May, 2022.

When was the latest funding round of My Mandi?

My Mandi's latest funding was a $***** Seed round on Sep 28, 2023, with participation from 1 investor. Its primary sector is E-Commerce Enablers. In India, the E-Commerce Enablers sector has seen $77.9M in funding in 2026 to date.

What is the annual revenue of My Mandi?

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

Where does My Mandi rank among its competitors?

My Mandi ranks 3rd amongst 29 active competitors, of which 3 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Bitsila, which secured an undisclosed amount in Dec, 2023.

Who are the top competitors of My Mandi?

My Mandi's top competitors include JungleWorks, Bitsila and ShopX. Among them, Bitsila secured the most recent funding round in December, 2023.

My Mandi - 2026 Company Profile, Team, Funding, Competitors & Financials

My Mandi is a seed company based in Gwalior (India), founded in 2021 by Suryansh Rana. It operates as a Provider of software suite solutions to hyperlocal businesses. My Mandi has raised $2.06M in funding from Real Time Accelerator Fund and LetsVenture, with a current valuation of $*****. The company has 29 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like JungleWorks, Bitsila and ShopX.

Company Details

Provider of software suite solutions to hyperlocal businesses. Its solutions include storefronts, branding, strategy, financing, EV rentals, supply chain management, and distribution networks. It offers solutions for last-mile grocery vendors.

Website: mymandionline.com
Email ID: *****@mymandionline.com
Registered Address: Parking No. 1, A-14/319, Transport Nagar, Gwalior Fort, Gwalior, Gird, Madhya Pradesh, India, 474008

Key Metrics

Founded Year

2021

Location

Gwalior, India

Stage

Seed

Total Funding

$2.06M in 3 rounds

Latest Funding Round

Seed, Sep 28, 2023, $*****

Post Money Valuation

$***** as on Oct 27, 2023

Investors

Real Time Accelerator Fund & 12 more

Ranked

3^rd among 29 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

5 as on Aug 31, 2025

Similar Companies

JungleWorks & 28 more

View My Mandi's full profile

My Mandi is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
HYPER GROCERS PRIVATE LIMITED CIN: U52200MP2021PTC058168 , India, Active	Oct 27, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	2 (As on Mar 01, 2026)

My Mandi has raised a total funding of $2.06M over 3 rounds. Its first funding round was on May 31, 2022. Its latest funding round was a Seed round on Sep 28, 2023 for $*****. 1 investor participated in its latest round. My Mandi has 9 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of My Mandi:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 28, 2023	5265934	Seed	5237134	2993227	5692531	5987037
May 30, 2023	3919577	Seed	5485413	2926690	5722244	Earthfinancialadvisors & 1 more
May 31, 2022	5363474	Seed	2542915	6185580	LetsVenture & 1 more	Angel List & 5 more

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View details of My Mandi's funding rounds and investors

The founders of My Mandi is Suryansh Rana.

Here are the details of My Mandi's key team members:

Suryansh Rana: Co-Founder of My Mandi. They serve on the board of 1 company.
Contact Info: 1 email address

My Mandi's Board of Directors

My Mandi's board has 2 active members. Suryansh Rana and Mahanaaryaman Scindia are part of team.

Here is the list of My Mandi's board of directors:

Name	Type	Representing	Status	Duration
Suryansh Rana	Team	-	Current	4y 9m
Mahanaaryaman Scindia	Team	-	Current	4y 9m

View details of My Mandi's Founder profiles and Board Members

My Mandi's employee count trend

My Mandi has 5 employees as of Aug 25. The total employee count is 91.0% lower than what it was in Aug 24. Here is My Mandi's employee count trend over the years:

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Top competitors of My Mandi include JungleWorks, Bitsila and ShopX. Here is the list of Top 10 competitors of My Mandi, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	JungleWorks 2011, Tampa (United States), Unfunded	Provider of a suite of software for managing local commerce	-	-	49/100
2nd	Bitsila 2020, Bengaluru (India), Acquired	Provider of e-commerce platform facilitating online sales and business management	-	Antler & 2 others	35/100
3rd	My Mandi 2021, Gwalior (India), Seed	Provider of software suite solutions to hyperlocal businesses	$2.06M	The Rise Fund, LetsVenture & 11 others	34/100
4th	ShopX 2020, San Ramon (United States), Unfunded	Provider of eCommerce platform built for hyperlocal businesses	-	-	24/100
5th	OnlyShops 2025, United States, Unfunded	Digital marketplace connecting local merchants with consumers for product discovery	-	-	24/100
6th	Nearbybazar 2017, Moradabad (India), Funding Raised	Providing solution to create an online hyperlocal store for businesses	-	Atal-GreatLakes Balachandran Incubator	21/100
7th	NammaCart Solutions Private Limited 2021, Kanchipuram (India), Unfunded	Operator of an e-commerce platform connecting local retailers and customers	-	-	19/100
8th	Silkshopy Valsad (India), Unfunded	Operator of e-commerce platform connecting local shops with online consumers	-	-	16/100
9th	Dripup Unfunded	Platform offering personalized shopping experiences by aggregating products from various e-commerce websites	-	-	16/100
10th	Skidoo Kottayam (India), Unfunded	Operator of platform for discovery and delivery from local retail stores	-	-	16/100

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Founders (largest shareholder) own 74.49%, Funds own 12.69%, Enterprises own 2.98% and Angels own 2.44%. The net worth of My Mandi's founders is INR 50Cr as of May 30, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	74.49%	50Cr	9378275	9309100	2013760	2533669
Suryansh Rana	8883731	7842297	5781105	4522209	5769424	8341431
Fund	12.69%	8.52Cr	3493810	4766827	5687950	1824494
Real Time Accelerator Fund	667	257	166	257	631	997
LetsVenture	2	7	2	2	7	7
Enterprise	2.98%	2Cr	94	28	21	80
Angel	2.44%	1.64Cr	26	48	89	26
ESOP Pool	3.72%	2.5Cr	928	648	899	623
Other Investors	3.67%	2.46Cr	499	262	864	577
Total	99.99%	67.1Cr	1969317	6378105	7899736	2671882