Where is Mynusco located?

Mynusco is headquartered in Bengaluru, India. It is registered at No.1026, 1st Floor, 5th Stage, 2nd Cross, BEML Layout, Rajarajeshwari Nagar, Bangalore, Bangalore, Karnataka, India, 560098.

Who is the current CEO of Mynusco?

Mahadev Chikkanna of Mynusco. They have also founded 2 companies.

Which legal entities is Mynusco associated with?

Mynusco is associated with SPECTRUS SUSTAINABLE SOLUTIONS PRIVATE LIMITED and 2 others.

How many employees does Mynusco have?

As of May 31, 2026, the latest employee count at Mynusco is 42.

How much is Mynusco worth?

The latest valuation of Mynusco is ₹***** as of Jan 14, 2022.

What is the annual revenue of Mynusco?

Annual revenue of Mynusco is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Mynusco rank among its competitors?

Mynusco ranks 1st amongst 72 active competitors, of which 26 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Strong by Form, which secured $6.6M in Aug, 2026.

Who are the top competitors of Mynusco?

Mynusco's top competitors include Leko, Ecovative and Woodoo. Among them, Strong by Form secured the most recent funding round in August, 2026.

Mynusco - 2026 Company Profile, Team, Competitors & Financials

Company Details

Manufacturer of biocomposite materials for circular economy applications. The company develops sustainable alternatives to plastics using crop residue and fast-renewable resources. These materials are utilized across diverse industries including automotive, houseware, furniture, packaging, and disposables. The platform provides digital solutions for material selection, product development, and life cycle assessment to support the transition toward sustainable manufacturing processes.

Website: www.mynusco.com
Social
Email ID: *****@mynusco.com
Registered Address: No.1026, 1st Floor, 5th Stage, 2nd Cross, BEML Layout, Rajarajeshwari Nagar, Bangalore, Bangalore, Karnataka, India, 560098

Key Metrics

Founded Year

2015

Location

Bengaluru, India

Stage

Funding Raised

Post Money Valuation

₹***** as on Jan 14, 2022

Investors

Karsten Brast & 6 more

Ranked

1^st among 72 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

42 as on May 31, 2026

Similar Companies

Ecovative & 38 more

View Mynusco's full profile

Mynusco is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
SPECTRUS INFORMATICS PRIVATE LIMITED CIN: U72200KA2007PTC043428 , India, Active	Jul 20, 2007	0 - ₹10 Cr (As on Mar 31, 2025)	4 (As on May 31, 2026)
SPECTRUS SUSTAINABLE SOLUTIONS PRIVATE LIMITED CIN: U36997KA2015PTC079026 , India, Active	Feb 26, 2015	₹10 - ₹50 Cr (As on Mar 31, 2025)	38 (As on May 31, 2026)
SPECTALITE SUSTAINABLE SOLUTIONS PRIVATE LIMITED CIN: U36900KA2017PTC100888 , India, Strike off	Feb 27, 2017	0 - ₹10 Cr (As on Mar 31, 2020)	-

Mynusco is a funded company. Mynusco has 7 angel investors.

The founders of Mynusco are Shruthi Ujjani Ramesh and Mahadev Chikkanna. Mahadev Chikkanna is the CEO of Mynusco.

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

Shruthi Ujjani Ramesh: Co-Founder of Mynusco and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Mahadev Chikkanna: Co-Founder & CEO of Mynusco and founder of 2 other companies, eha and Spectalite. They serve on the board of 1 company.
Contact Info: 2 phone numbers

Mynusco's Board of Directors

Mynusco's board has 2 active members. Shruthi Ujjani Ramesh and Mahadev Chikkanna are part of team.

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

Name	Type	Representing	Status	Duration
Shruthi Ujjani Ramesh	Team	-	Current	11y 6m
Mahadev Chikkanna	Team	-	Current	11y 6m

View details of Mynusco's Founder profiles and Board Members

Mynusco's employee count trend

Mynusco has 42 employees as of May 26. The total employee count is 14.0% more than what it was in May 25. Here is Mynusco's employee count trend over the years:

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Top competitors of Mynusco include Leko, Ecovative and Woodoo. Here is the list of Top 10 competitors of Mynusco, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mynusco 2015, Bengaluru (India), Funding Raised	Manufacturer of biocomposite materials for circular economy applications	-	-	56/100
2nd	Leko 2014, Luxembourg (Luxembourg), Series A	Provider of augmented wood-based biocomposite materials	$21M	2150.VC, Freigeist Capital & 6 others	52/100
3rd	Ecovative 2007, Albany (United States), Series E	Mycelium technology to develop sustainable and biodegradable materials	$184M	DOEN Foundation, 3M & 13 others	50/100
4th	Woodoo 2016, Paris (France), Series B	Manufacturer of high-performance wood materials for construction and structural applications	$31M	Lowercarbon Capital, EIC Fund & 6 others	44/100
5th	AltMat 2019, Ahmedabad (India), Seed	Manufacturer of natural fibers and yarns from processed agricultural waste	$1.18M	Fashion For Good, Suvi Legacy & 6 others	43/100
6th	Fibe 2022, London (United Kingdom), Seed	Developer of natural textile fibers derived from agricultural harvest waste	$1.24M	Tin Shed Ventures, Ukri & 4 others	42/100
7th	Comet Bio 2018, Sarnia (Canada), Series C	Technology developer for conversion of wood & wheat into cellulosic glucose syrup	$25M	Sofinnova Partners, PM Equity Partner & 6 others	42/100
8th	Strong by Form 2018, Santiago (Chile), Series A	Provider of augmented wood-based biocomposites	$12.6M	CMPC Ventures, CMPC & 12 others	42/100
9th	3D BioFibR 2020, Halifax (Canada), Seed	Provider of low-denier multifilament fibres from proteins	$7.77M	Invest Nova Scotia, Concrete Ventures & 4 others	41/100
10th	Champion 2012, India, Unfunded	Provider of epoxy resins	-	-	40/100

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Founders (largest shareholder) own 62.57%, Angels own 18.27% and Other People own 19.16%. The net worth of Mynusco's founders is INR 44.9Cr as of Jan 14, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	62.57%	44.9Cr	5778617	1356835	5949075	7245997
Angel	18.27%	13.1Cr	9366756	4545934	5079793	1119253
Other People	19.16%	13.7Cr	6930028	7744678	7746607	8605323
Total	100.00%	71.7Cr	5565278	9158081	4548177	4506962