Mysyara
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 | |
| ISIN | 🆔 |
|---|---|
| Industry | Automotive |
| Founded 📆 | 2019 |
| Founder 👔 | |
Area served 🗺️ | United Arab Emirates, India |
| Owner | Chirenj Chandran and Anser Latheef |
| Members | |
Number of employees | |
| 🌐 Website | www.mysyara.com |
| 📇 Address | |
| 📞 telephone | |
Mysyara[edit]
MySyara (stylised as MySyara) is a UAE-based online car care platform founded in 2019. The company is headquartered in Dubai, UAE and provides automotive services through its app in the UAE and India.[1][2][3][4]
History[edit]
Mysyara was founded in 2019 by automotive entrepreneurs Chirenj Chandran and Anser Latheef after experiencing the lack of technology being used throughout the automotive industry. Motivated by the need to make car ownership simpler Chandran and Latheef launched the "MySyara" app with their personal capital of $300,000.[5][6][7]
In December 2021, EMA Lubricants, a Joint Venture of ExxonMobil[8] in the UAE partnered with MySyara to provide their automotive lubricants via the platform.[9][10]
Funding and Acquisitions[edit]
In December 2019, Mysyara acquired SKKYN Technologies, an on-demand car wash app, for $2.8 million.
In February 2021,Mysyata raised $650,000 in seed investment from angel investors.[11][12][13][14][15]
In September 2021, MySyara raised an additional $400,000 from their existing investor pool and acquired a local auto parts distributor in the UAE for $2.6 million as part of its expansion plans. With this acquisition, a new arm was announced for the business, named ‘MySyara Supply’.[16][17][18][19][20][21]
This article "MySyara" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:MySyara. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- ↑ "SME Alerts" (PDF). Business Voice: Abu Dhabi Chamber. 2023-11-21. p. 43. Retrieved 2023-08-25.
- ↑ MGZN, Startup (2021-02-03). "Startup MGZN – MySyara secures USD 650K in pre-series A funding to launch the Middle East's first online auto service package". Startup MGZN. Retrieved 2023-08-25.
- ↑ "Dubai Based Entrepreneur Is Disrupting the Auto Sector in UAE With Service and Maintenance App, Mysyara". Yahoo Finance. 2020-10-24. Retrieved 2023-08-25.
- ↑ "MySyara comes to the UAE to provide all the car services you need right at your doorstep". gulfnews.com. 2019-11-17. Retrieved 2023-08-25.
- ↑ Khan, Sarmad (2021-09-12). "Generation start-up: How UAE's MySyara is disrupting region's car servicing industry". The National. Retrieved 2023-08-25.
- ↑ Staff (2021-03-08). "Why UAE-based MySyara is driving ahead with rapid growth plans". Arabian Business. p. 1. Retrieved 2023-08-25.
- ↑ Mughal, Waqar. "Chirenj Chandran; Anser Latheef - 30 Under 30 2022". Forbes Lists. Retrieved 2023-08-25.
- ↑ "Emalu – Mobil™ lubricant products". Retrieved 2023-08-25.
- ↑ "Mobil Lubricants partners with UAE start up MySyara to transform the car ownership experience – Emalu". Retrieved 2023-08-25.
- ↑ "ExxonMobil lubricants JV partners with tech start-up in UAE". F&L Asia. Retrieved 2023-08-25.
- ↑ "MySyara acquires car wash app for $2.8m". gulfnews.com. 2019-12-22. Retrieved 2023-08-25.
- ↑ "MySyara secures $650,000 in pre-Series A round". Wamda. Retrieved 2023-08-25.
- ↑ "MySyara secures $650K Pre-Series A funding round and plans to expand operations | MAGNiTT". magnitt.com. Retrieved 2023-08-25.
- ↑ Hub, Abu Dhabi SME. "Dubai-based startup MySyara secures $650K Pre-Series A funding round, plans expansion". www.adsmehub.ae. Retrieved 2023-08-25.
- ↑ Reporter, A. Staff. "MySyara secures pre-series A funding for expansion". Khaleej Times. Retrieved 2023-08-25.
- ↑ "UAE start-up MySyara announces acquisition, raises funds". gulfnews.com. 2021-09-05. Retrieved 2023-08-25.
- ↑ "MySyara raises $400,000 and announces $2.6 million acquisition to fuel expansion". Wamda. Retrieved 2023-08-25.
- ↑ Hussain, Marouf (2021-08-21). "UAE car-services app MySyara will now supply car parts to garages". DriveArabia.com. Retrieved 2023-08-25.
- ↑ البيان, دبي- (2021-08-11). "استحواذ لشركة «ماي سيارة» الناشئة بقيمة 2.6 مليون دولار لدعم خطط التوسع". www.albayan.ae (in العربية). Retrieved 2023-08-25.
- ↑ Joseph, Shilpa Annie (2023-08-25). "UAE-based startup MySyara acquires major auto parts distributor in region - GCC Business News". www.gccbusinessnews.com. Retrieved 2023-08-25.
- ↑ "MySyara raises $400K and acquires distributor for $2.6M | MAGNiTT". magnitt.com. Retrieved 2023-08-25.
