SaaS

MBG Card Raises ₹2.72 Crore in Funding Led by Inflection Point Ventures

• ByStartupStory     |    December 20, 2024

Jabalpur-based SaaS company MBG Card, which specializes in providing digital transformation solutions for businesses, has successfully raised ₹2.72 crore in a funding round led by Inflection Point Ventures (IPV). Other participants in the round included Velocity Revenue Based Financing and Klub Revenue Based Financing.

The funding will be utilized to bolster the company’s marketing efforts, accelerate product development, and expand its team to support its growing client base.

MBG Card offers affordable, all-in-one digital transformation solutions tailored to small and medium-sized enterprises (SMEs). Its platform enables non-tech-savvy businesses to establish an online presence, manage reviews, and automate marketing and operations at just a fraction of the cost of traditional solutions.

Speaking about MBG Card’s mission, Mitesh Shah, Co-Founder of IPV, said: “SMEs often enjoy the loyalty of regular local customers, however it is limited to that locality. It is a challenge to establish a presence beyond that. MBG card addresses this gap by bringing the businesses online, transforming them into a brand, and providing tools to help them grow. IPV has confidence in MGB’s expertise to empower businesses in today’s competitive landscape.”

Founded by Abhinavv Dubeyy, a seasoned entrepreneur with over 15 years of experience in tech startups, MBG Card has rapidly emerged as a key player in digital transformation for SMEs. With a focus on simplifying the adoption of digital tools, the company has onboarded over 10,000 clients across India and internationally.

“Our experience with IPV shaped the vision for MBG Card. Our goal is to help SMEs embrace the digital world, drive marketing and sales, and streamline operations to foster growth and customer engagement,” said Abhinavv Dubeyy, Founder & CEO of MBG Card.

The company has a dedicated team of over 70 employees and continues to grow at a threefold annual rate. By onboarding thousands of new clients every month, MBG Card is expanding its footprint globally while strengthening its position in the Indian market.

The global digital transformation market is projected to reach $1.5 trillion by 2025, with India’s SaaS sector witnessing rapid growth, driven by SME adoption. With over 63 million SMEs in India, MBG Card addresses a significant market demand by offering digital solutions that are accessible, efficient, and cost-effective—priced at just one-tenth of traditional alternatives.

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