# Metaloop Innovation Labs Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metaloop-innovation-labs-private

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.flobiz.in
- Total disclosed funding: $44M
- Latest round: Series B (Jul 13, 2022)
- Investors on record: 9

## About

Metaloop Innovation Labs is a Singapore-based company focused on creating innovative solutions for small and medium businesses through technology-driven products like myBillBook, enhancing their operational efficiency and financial management.Founded in 2019 and headquartered in Singapore, Metaloop Innovation Labs Private Limited developed myBillBook, a product designed to assist small and medium businesses (SMBs) in India with accounting and billing processes. The founding team includes Aditya Naik, Kartik Agarwal, Rahul Raj, Rakesh Yadav, and Rushikesh Wagh, with Rahul Raj serving as CEO. The company has successfully raised USD 30.87 mn in its latest Series B funding round on July 13, 2022, targeting growth and development in its services.FloBiz primarily offers myBillBook, a comprehensive GST billing and accounting solution tailored for small and medium businesses (SMBs) in India. Launched in 2019, myBillBook facilitates the creation and sharing of professional invoices, inventory management, performance analysis, and timely payment collection. The platform is designed to meet the operational needs of various SMB segments, including traders, merchants, wholesalers, distributors, manufacturers, and retailers, enhancing the efficiency of their operations with a user-friendly interface and robust security features.For the year 2024, Metaloop Innovation Labs reported a revenue of USD 2,187,005, with an EBITDA of USD -6,757,621, reflecting the company's financial performance.Following its Series B funding round in July 2022, where the company raised USD 30.87 mn, Metaloop Innovation Labs plans to leverage this capital for team expansion, product development, and scaling distribution. The company aims to enhance its technical capabilities as it prepares to introduce financial services to its offerings. Additionally, it is focusing on expanding its market presence in new geographic regions, although specific target markets and release dates for upcoming products have not been disclosed.

## Funding rounds

- Series B, Jul 13, 2022, $31M — Hong Shan, Think Investments, Elevation Capital, BEENEXT, Venture Catalysts, Whiteboard Capital, Do Moonstone Advisors
- Series A, Mar 17, 2021, $10M — Greenoaks Capital, Elevation Capital, BEENEXT, Utsav Somani
- Seed, Dec 17, 2019, $3M — Greenoaks Capital

## Investors

- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Seed, Series A
- Elevation Capital — Series A, Series B
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Series A, Series B
- Utsav Somani — Series A
- Hong Shan — Series B
- Think Investments — Series B
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Series B
- Whiteboard Capital (https://capitalatlas.ai/funds/whiteboard-capital) — Series B
- Do Moonstone Advisors — Series B