Magnet
Ahmedabad, Gujarat, India
Valuation
$173.8K
2021 Revenue
$57.9K
Funding
$0
Team
2
Founded
2014
How Magnet CEO Tanmay Desai grew to $57.9K revenue with a 2 person team in 2021.
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
Magnet Revenue
In 2021, Magnet's revenue reached $57.9K. Since its launch in 2014, Magnet has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2021 | Magnet Hit $57.9k revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
Magnet Valuation, Funding Rounds
Magnet's most recent disclosed valuation is $173.8K.
Magnet is a bootstrapped Other IoT Software startup. Founded in 2014, Magnet has grown to $57.9K in revenue without raising any venture capital or outside funding.
As a self-funded Other IoT Software SaaS company, Magnet has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Tanmay Desai
Tanmay Desai is listed as Founder / CEO at Magnet.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Magnet yet.
Magnet Employees & Team Size
Magnet employs approximately 2 people as of 2026, including 9 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2021 | Reached 2 employees (April 2021) |
Frequently Asked Questions about Magnet
What is Magnet's revenue?
Magnet generates $57.9K in revenue.
Who founded Magnet?
Magnet was founded by Tanmay Desai.
Who is the CEO of Magnet?
The CEO of Magnet is Tanmay Desai.
How much funding does Magnet have?
Magnet raised $0.
How many employees does Magnet have?
Magnet has 2 employees.
Where is Magnet headquarters?
Magnet is headquartered in Ahmedabad, Gujarat, India.
Data and Sources
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.
Claim this profilePeople Also Viewed
SpeakUp
Provider of a human resource platform. The company offers an anonymous platform to the organization and its employees for participating in problem solving with transparent decision making and feedback from the management team.
Summaraize
SummarAIze is an AI-powered platform that automatically repurposes long-form audio and video content—such as podcasts, webinars, interviews, and Zoom/YouTube recordings—into multiple shareable formats.
Breakcold
Personalized sales outreach
Cloudize
Cloudize is a SaaS-based file collaboration tool focused on the Small-Medium-Enterprise (SME). The service blends the social dynamic of the consumer web with the strenuous requirements of today's enterprise CIO. It's dead-simple to use and will centralize all of your company's files in a cheap, scalable, and collaborative way.
WeShareApps
Provider of an application sharing platform intended to help users create a personal dashboard of downloaded applications. The company's platform takes the application to cloud permitting one to access all the application anywhere, anytime and from all devices such as smart phones, tablet and computers, enabling users to save extra memory space and battery and discover relevant applications based on the recommendation.
Reditus
B2B SaaS Partner Management Platform
