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Ahmedabad, Gujarat, India
Developer of a wearable device designed to help users in nonverbal communication. The company's wearable device comes in pairs and can be paired to smartphones through a Bluetooth low energy application and the connection begins with one tap that triggers the partnered device to vibrate and light up, enabling couples to stay physically connected no matter how far they are.
Last updated
In 2021, Magnet's revenue reached $57.9K. Since its launch in 2014, Magnet has shown consistent revenue growth.
Magnet reached a $173.8K valuation in 2025, set during its M&A Offer round.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $173.8K | - |
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
We do not have customer count information for Magnet yet.
Magnet employs approximately 2 people as of 2026, including 9 sales reps that carry a quota.
Magnet generates $57.9K in revenue.
Magnet was founded by Tanmay Desai.
The CEO of Magnet is Tanmay Desai.
Magnet raised $0.
Magnet has 2 employees.
Magnet is headquartered in Ahmedabad, Gujarat, India.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$173.8K
2021 Revenue
$57.9K
Funding
$0
Team
2
Founded
2014
| Year | Milestone | Source |
|---|---|---|
| 2021 | Magnet Hit $57.9k revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 2 employees (April 2021) |
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