About Mindtree
Mindtree is a company based in Bengaluru (India) founded in 1999 was acquired by L&T in March 2019.. Mindtree has raised $23.9 million across 2 funding rounds from investors including L&T, Capital Group and VIZ Media. Mindtree has completed 5 acquisitions, including 7Strata, Aztecsoft and Discoverture Solutions. Mindtree offers products and services including CloudXperienz and Fosfor. Mindtree operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Bengaluru, India
- Stage Public
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Sectors
Technology
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Email
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Phone
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Website
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Products & Services of Mindtree
Mindtree offers a comprehensive portfolio of products and services, including CloudXperienz and Fosfor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing cloud infrastructure and experiences efficiently.
Tool for providing data insights and analytics to businesses.
Funding Insights of Mindtree
Mindtree has successfully raised a total of $23.9M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $14.4 million completed in August 2001. 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 Total Funding
- Total Rounds 2
- Last Round Series B — $14.4M
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First Round
First Round
(01 Jun 1999)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2001 | Amount | Series B - Mindtree | Valuation | Capital Group , VIZ Media |
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| Jun, 1999 | Amount | Series A - Mindtree | Valuation | Walden Israel , Global Technology Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mindtree
Mindtree has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include L&T, Capital Group and VIZ Media. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC firm investing globally in early & expansion stage companies
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Israeli tech and offline companies are funded by Walden Israel.
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Investment management services are provided for long-term investors.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mindtree
Mindtree has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include 7Strata, Aztecsoft and Discoverture Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Salesforce consulting and implementation services are provided to large enterprises.
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2008 | ||||
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Provides a versatile platform for managing remote infrastructure efficiently.
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2007 | ||||
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Core insurance systems and policy administration services are provided.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mindtree
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mindtree Comparisons
Competitors of Mindtree
Mindtree operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mindtree
Frequently Asked Questions about Mindtree
When was Mindtree founded?
Mindtree was founded in 1999.
Where is Mindtree located?
Mindtree is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Mindtree?
Debashis Chatterjee is the current CEO of Mindtree.
Is Mindtree a funded company?
Mindtree is a funded company, having raised a total of $23.9M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.5M, raised on Jun 01, 1999.
What does Mindtree do?
Founded in 1999 and headquartered in Bengaluru, India, Mindtree operates as an outsourcing provider in the information technology sector. Services encompass engineering, quality assurance, digital media, strategy consulting, research and development, and infrastructure management. Specific offerings include Bluetooth solutions, digital video surveillance, SAP insurance implementations, and MWatch for end-to-end IT infrastructure monitoring. Operations focus on global delivery of these technology and consulting services.
Who are the top competitors of Mindtree?
Mindtree's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Mindtree offer?
Mindtree offers CloudXperienz and Fosfor.
How many acquisitions has Mindtree made?
Mindtree has made 5 acquisitions, including 7Strata, Aztecsoft, and Discoverture Solutions.
Who are Mindtree's investors?
Mindtree has 6 investors. Key investors include L&T, Capital Group, VIZ Media, GTV Inc., and Walden International.
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