Jabalpur-based MBG Card raises Rs 2.72 crore in funding led by IPV

MBG Card, a Jabalpur-based SaaS startup providing digital transformation solutions for businesses, has raised Rs 2.72 crore in a funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.

The round also saw participation from Velocity and Klub. 

The startup plans to use the raised capital to enhance marketing efforts, product development, and team building.

What does the MBG Card do?

Founded in 2021 by Abhinavv Dubeyy, MBG Card is a SaaS startup focused on providing affordable and comprehensive digital transformation solutions for SMEs. The platform enables non-tech-savvy businesses to easily build an online presence, manage review ratings, and automate marketing and operations, all at a fraction of the cost of traditional solutions. 

It streamlines processes, enhances customer engagement, and drives growth through accessible and efficient tools.

MBG Card's market presence

MBG Card claims that it serves over 10,000 clients across India and internationally. The startup continues to grow at a rapid pace, onboarding thousands of new clients each month, and expanding its presence globally.

With a dedicated team of 70+ employees, it aims to maintain its threefold annual growth trajectory.

"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 Dubeyy.

Mitesh Shah, Co-Founder, Inflection Point Ventures, 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”.