MBG Card
Overview
MBG Card India Pvt Ltd is a leading Software-as-a-Service (SaaS) company focusing on digital transformation solutions for businesses. Founded in 2020 by Abhinavv Dubeyy, MBG Card is based in Jabalpur, Madhya Pradesh, India. The company provides innovative tools to help businesses go digital, specifically targeting small and medium enterprises (SMEs) to enhance their customer engagement and operational efficiency. As of the latest reports, MBG Card has secured INR 2.72 crore in funding led by Inflection Point Ventures (IPV).
Recent Developments
- December 2024: MBG Card raised INR 2.72 crore in a funding round led by Inflection Point Ventures, with participation from Velocity and Klub. This funding is intended to enhance marketing efforts, advance product development, and expand the team. The funds aim to support more SMEs in their digital transformation, serving over 10,000 clients across India and internationally.
- October 2023: MBG Card was awarded seed funding under the Startup India Seed Fund Scheme, bolstering its mission to empower SMEs with digital tools tailored for non-tech-savvy businesses, simplifying processes like creating an online presence and managing reviews.
- 2023: Continued emphasis on scaling operations and expanding its client base globally; reported rapid onboarding of thousands of new clients monthly. The company’s workforce increased to over 70 employees, reflecting its growing scale and ambitions in the digital transformation sector.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Jabalpur, Madhya Pradesh, India |
| Founders | Abhinavv Dubeyy |
| Revenue | INR 32.9 lakh (as of March 2022) |
| Key Investors | Inflection Point Ventures, Jabalpur Incubation Centre |
| Industry | SaaS, Digital Transformation |
| Number of Employees | 70+ |
| Type | Private |
Early History
MBG Card was conceived as a response to the challenges faced by small businesses in digital adoption, particularly during the COVID-19 pandemic. Founded in 2020 by Abhinavv Dubeyy, the company's mission was to transition India’s small businesses into the digital era. The founder's background in tech startups allowed the firm to quickly establish itself as a pivotal force in enabling digital transformation. Initial market efforts included educating local businesses on the benefits of digital tools, securing early-stage funding, and developing user-friendly digital platforms that significantly reduce operational complexity.
Company Profile and Achievements
MBG Card enables SMEs to replace traditional visiting cards with digital ones, thus digitizing their presence. The company's business model is centered around providing comprehensive SaaS solutions at a fraction of conventional costs. Key achievements include:
- Recognition in the SaaS Sector: In just a few years, MBG Card gained recognition for empowering SMEs by simplifying digital adoption, which was especially critical during the pandemic.
- Securing Major Funding: The company has raised significant capital, showcasing investor confidence in its capabilities and growth trajectory.
- Expansion Efforts: Rapid expansion within India and international markets, leveraging the increased demand for affordable digital transformation solutions.
Current Operations and Market Position
Currently, MBG Card operates by providing robust solutions across multiple digital platforms, including WhatsApp, Facebook, and Instagram. The company has tailored its services for over 10,000 businesses, aiming to ease their digital transition processes. MBG Card's competitive advantage lies in delivering cost-effective, scalable solutions that cater to non-tech-savvy users, thus extending their reach to a broader client base.
Conclusion
MBG Card stands as a pivotal player in the digital transformation landscape for SMEs in India. With its innovative solutions, the company alleviates the tech barrier for small businesses, offering them a pathway to significant growth and market expansion. Looking forward, MBG Card is poised to capitalize on the burgeoning SaaS market in India, targeting exponential client acquisition while maintaining its growth trajectory through constant innovation and market adaptation.