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, the latest employee count at My Mandi is 5.

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 May 30, 2023.

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.

What is the annual revenue of My Mandi?

Annual revenue of My Mandi is ₹19.3Cr as on Mar 31, 2024.

Where does My Mandi rank among its competitors?

My Mandi ranks 1st amongst 21 active competitors, of which 2 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 Sekel Tech, Bitsila and Yelo. 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 and Mahanaaryaman Scindia. 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 21 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Sekel Tech, Bitsila and Yelo.

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 May 30, 2023

Investors

Real Time Accelerator Fund & 11 more

Ranked

1^st among 21 active competitors

Annual Revenue

₹19.3Cr as on Mar 31, 2024

Employee Count

5 as on Aug 31, 2025

Similar Companies

Sekel Tech & 20 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	$2.33M (As on Mar 31, 2024)	59 (As on Oct 01, 2024)

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 8 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	7976162	Seed	4020497	6961641	2676390	9738508
May 30, 2023	1657821	Seed	1139319	8817616	4215201	Earthfinancialadvisors & 1 more
May 31, 2022	8468548	Seed	1167709	7498965	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 are Suryansh Rana and Mahanaaryaman Scindia.

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
Mahanaaryaman Scindia: 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 3m
Mahanaaryaman Scindia	Team	-	Current	4y 3m

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 Sekel Tech, Bitsila and Yelo. 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	My Mandi 2021, Gwalior (India), Seed	Provider of software suite solutions to hyperlocal businesses	$2.06M	The Rise Fund, LetsVenture & 10 others	44/100
2nd	Sekel Tech 2016, Pune (India), Unfunded	Provider of e-commerce software suite solutions to businesses	-	-	40/100
3rd	Bitsila 2020, Bengaluru (India), Acquired	Provider of e-commerce platform facilitating online sales and business management	-	Antler & 2 others	35/100
4th	Yelo 2014, Chandigarh (India), Acquired	Platform offering tools to create and manage online storefronts and marketplaces	-	Z47, Flourish & 2 others	35/100
5th	Synthetic Society 2025, San Francisco (United States), Funding Raised	Provider of AI-driven user simulations for software development and testing	-	Eight Capital Management	29/100
6th	ShopX 2020, San Ramon (United States), Unfunded	Provider of eCommerce platform built for hyperlocal businesses	-	-	24/100
7th	Nearbybazar 2017, Moradabad (India), Funding Raised	Providing solution to create an online hyperlocal store for businesses	-	Atal-GreatLakes Balachandran Incubator	22/100
8th	NammaCart Solutions Private Limited 2021, Kanchipuram (India), Unfunded	Operator of an e-commerce platform connecting local retailers and customers	-	-	19/100
9th	Silkshopy Valsad (India), Unfunded	Operator of e-commerce platform connecting local shops with online consumers	-	-	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	5567781	2965493	3507372	5840384
Suryansh Rana	2226962	6633129	1507757	6047261	3231050	2862989
Mahanaaryaman Scindia	2129967	9306791	6513923	7501799	4432418	1324912
Fund	12.69%	8.52Cr	8095774	7291381	2723123	7638944
Real Time Accelerator Fund	911	489	927	998	611	537
LetsVenture	2	3	3	7	1	7
Enterprise	2.98%	2Cr	14	93	41	61
Angel	2.44%	1.64Cr	85	80	33	73
ESOP Pool	3.72%	2.5Cr	189	392	904	502
Other Investors	3.67%	2.46Cr	273	140	474	224
Total	99.99%	67.1Cr	7554747	2816622	6186458	2973850