About M1xchange
M1xchange is a Financial Services company based in Gurugram (India) founded in 2017 by Amit Sachdev, Anurag Chaturvedi, and Sundeep Mohindru. Digital invoice discounting platform connects MSMEs, corporates, and financiers. M1xchange has raised $33.52 million across 8 funding rounds from investors including IndiaMART, Amazon and Jindal Stainless. The company has 222 employees. Its chief executive, as recorded, is Sundeep Mohindru. Its website m1xchange.com draws about 149 thousand monthly visits. Its Indian entity Mynd Solutions Private Limited reported revenue of ₹168 Cr. M1xchange offers products and services including TReDS Platform and Invoice Discounting Service. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans.
Company details
Provider of a digital invoice discounting platform connecting MSMEs, corporates, and financiers. The platform facilitates trade receivables discounting, offering solutions for buyers and sellers. It enables large corporate buyers to achieve savings on interest costs and MSME buyers to unlock growth through supply chain financing. Sellers can access non-recourse funding and enhance transparency in public procurement. The platform also allows financiers to fulfill PSL requirements through receivables factoring.
- Headquarters Gurugram, India
- Employees 222
- Founders Amit Sachdev, Anurag Chaturvedi, Sundeep Mohindru
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website m1xchange.com
- Social LinkedIn X Facebook YouTube
- Legal Name Mynd Solutions Private Limited
- Date of Incorporation 01 Feb, 2002
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹168 Cr
FY 2026 · +56% YoY
- Net Profit₹20.11 Cr
FY 2026 · 12% margin
- EBITDA₹38.06 Cr
FY 2026 · 23% margin
- Total Equity Funding$33.52M (USD)
in 8 rounds
- InvestorsIndiaMART
& 6 more
- Employee Count222
Associated legal entities of M1xchange
M1xchange operates through Mynd Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mynd Solutions Private Limited CIN U74140DL2002PTC114073 | Active | 01 Feb 2002 | New Delhi, Delhi | ₹168 Cr | 222 | 9 | View details |
Products & Services of M1xchange
M1xchange offers a comprehensive portfolio of products and services, including TReDS Platform and Invoice Discounting Service.
Digital system for invoice discounting and quick payments to businesses.
Facilitates non-recourse funding for sellers within 24 hours.
Apps and channels of M1xchange
M1xchange publishes 1 mobile app with over 5K+ downloads; its YouTube channel M1xchange has 1.52K subscribers and 30 videos.
Videos from M1xchange
The most watched videos on M1xchange's YouTube channel, M1xchange (1.52K subscribers). Click a video to play it here.
More on M1xchange.
Funding Insights of M1xchange
M1xchange has successfully raised a total of $33.52M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $33.52M
- Total Rounds 8
- Investors Count 7
All 8 funding rounds of M1xchange with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | Series C | – | – | ||
| Oct 2023 | $10M | Series A | – | Amazon | |
| Nov 2022 | $4.69M | Series C | – | – | |
| Nov 2021 | $4.33M | Series B | – | IndiaMART | – |
| Apr 2021 | $10M | Series B | – | ASVF | |
| Dec 2020 | $4.5M | Series A | – | Beenext | |
| Jan 2019 | Series A | – | Mayfield, SIDBI Venture Capital | – | |
| Jan 2019 | Seed | – | – |
7 investors in total: 7 institutional.
Investors in M1xchange
M1xchange has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include IndiaMART, Amazon and Jindal Stainless.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Mayfield is focused on AI innovation and venture capital investments. | mayfield.com | Menlo Park, United States | ||
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
Venture capital firm backed by Amazon focused on agritech and healthtech sectors | asvf.in | Seattle, United States | ||
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | indiamart.com | Noida, India | |
Multi-category products are offered through an online marketplace. | 1994 | amazon.com | Seattle, United States | |
Manufacturer and distributor recyclability of stainless steel products | 1970 | jindalstainless.com | Delhi, India |
Investor details for M1xchange
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mynd Solutions Private Limited (M1xchange)
Mynd Solutions Private Limited is the primary company behind M1xchange. The board of Mynd Solutions Private Limited currently have 8 directors; the longest-serving is Neeru Mohindru, appointed in 2002. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neeru Mohindru DIN 00307529 | Director | 01 Feb 2002 | 24 yrs 9 mo | Mynd Solutions Private Limited |
| Vivek Misra DIN 00307405 | Director | 01 Feb 2002 | 24 yrs 9 mo | Mynd Solutions Private Limited |
| Sundeep Mohindru DIN 00307630 | Whole-time director | 07 Jul 2006 | 20 yrs 3 mo | Mynd Solutions Private Limited |
| Vijay Premji Thacker DIN 00761544 | Director | 25 Sep 2017 | 9 yrs 1 mo | Mynd Solutions Private Limited |
| Vikram Suhas Godse DIN 00230548 | Nominee Director | 25 Jan 2019 | 7 yrs 9 mo | Mynd Solutions Private Limited |
| Rajendra Kumar Saraf DIN 02730755 | Director | 18 Apr 2019 | 7 yrs 6 mo | Mynd Solutions Private Limited |
| Brijesh Kumar Agrawal DIN 00191760 | Nominee Director | 27 May 2022 | 4 yrs 5 mo | Mynd Solutions Private Limited |
| Rajeev Garg DIN 06763577 | Nominee Director | 28 Mar 2025 | 1 yr 7 mo | Mynd Solutions Private Limited |
People of M1xchange
3 people are tracked at M1xchange (3 in leadership); the tracked headcount is 222.
| Name | Role | Group |
|---|---|---|
Amit Sachdev | Co-Founder & COO | Leadership |
Anurag Chaturvedi | Co-Founder & CTO | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for M1xchange
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of M1xchange
Figures of Mynd Solutions Private Limited, the primary company behind M1xchange, for FY 2026. Revenue was ₹168 Cr (+56% year on year). Net profit was ₹20.11 Cr (12% margin). EBITDA was ₹38.06 Cr (23% margin). Revenue has grown at a compounded annual rate of +72% over three years and +81% over five years.
- ₹168 CrRevenue · FY 2026 · +56% YoY
- ₹20.11 CrNet profit · 12% margin
- ₹38.06 CrEBITDA · 23% margin
- ₹84.72 CrPaid-up capital
- 222Employees (provident fund records)
- +72%Revenue CAGR, 3 years
- +81%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mynd Solutions Private Limited are on its company page.
Detailed financial statements for M1xchange
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of M1xchange
3 dated milestones of M1xchange across 8 years, from founding to its latest funding, stage changes and deals.
- Founded M1xchange is founded.
- Funding First funding round.
- Funding Latest funding round, Series C,.
Web traffic of M1xchange
The website of M1xchange (m1xchange.com) receives about 148.6K visits a month and ranks #187,504 among all websites worldwide, #2,942 in Banking Credit and Lending.
- Monthly visits148.6K
▼ 24.6% vs previous month
- Unique visitors30.6K
per month
- Global rank#187,504
among all websites
- Category rank#2,942
Finance · Banking Credit and Lending
- Bounce rate41%
- Pages per visit6.7
- Average visit9 min 04 sec
- DevicesDesktop 65% · Mobile 35%
Websites whose visitors overlap most with M1xchange. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| invoicemart.com | 100% | 69.9K | #382,709 | View details | |
| udyamregistration.gov.in | 93% | #9,817 | View details | ||
| axisbank.com | 90% | 1.1M | #41,837 | View details | |
| rxil.in | 86% | 46.8K | #804,090 | View details | |
| bankofmaharashtra.in | 84% | 144.3K | #156,507 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for M1xchange
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 24 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as M1xchange (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about M1xchange
Complete news archive for M1xchange
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Articles about M1xchange on our blog
Frequently Asked Questions about M1xchange
M1xchange was founded in 2017 and raised its 1st funding round 2 years after it was founded.
M1xchange is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Sundeep Mohindru is the CEO of M1xchange, as recorded in our data. They have also founded this company.
M1xchange is a funded company, having raised a total of $33.52M across 8 funding rounds to date.
M1xchange has 222 employees.
The primary company behind M1xchange, Mynd Solutions Private Limited, reported revenue of ₹168 Cr for FY 2026, up 56% year on year.
Provider of a digital invoice discounting platform connecting MSMEs, corporates, and financiers. The platform facilitates trade receivables discounting, offering solutions for buyers and sellers. It enables large corporate buyers to achieve savings on interest costs and MSME buyers to unlock growth through supply chain financing. Sellers can access non-recourse funding and enhance transparency in public procurement. The platform also allows financiers to fulfill PSL requirements through receivables factoring.
M1xchange offers TReDS Platform and Invoice Discounting Service.
M1xchange has 7 investors. Key investors include IndiaMART, Amazon, Jindal Stainless, SIDBI Venture Capital, and Beenext.
M1xchange operates through Mynd Solutions Private Limited.
The legal entities of M1xchange currently have 9 directors, including Sundeep Mohindru, Neeru Mohindru, Vivek Misra and others.
Yes. M1xchange publishes M1xchange (TReDS), with over 5,000 downloads.