About Minko
Minko is a company based in Sanquelim (India) founded in 2017 by Rohit Pratap Singh, Sanket Shendure, and Sanmati Shendure.. Minko has raised $2.08 million across 4 funding rounds from investors including Mumbai Angels, Wellfound and LetsVenture. The company has 3 employees as of April 06, 2024. Minko offers products and services including Supply Chain Financing Product. Minko operates in a competitive market with competitors including axio, ZestMoney, Ezetap, PayJoy and Lazypay, among others.
- Headquarter Sanquelim, India
- Employees 3 as on 06 Apr, 2024
- Founders Rohit Pratap Singh, Sanket Shendure, Sanmati Shendure
- Stage Minicorn
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Sectors
RetailFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Minko Platforms Private Limited
- Date of Incorporation 12 Jul, 2017
- Jurisdiction Sanquelim, Goa, India
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Annual Revenue
$53.48 K (USD)-97.19as on Mar 31, 2023
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Net Profit
$-704.6 K (USD)1.53as on Mar 31, 2023
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EBITDA
$-714.55 K (USD)15.04as on Mar 31, 2023
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Total Equity Funding
$2.08 M (USD)
in 4 rounds
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Latest Funding Round
$314.81 K (USD), Seed
Apr 21, 2022
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Investors
Mumbai Angels
& 44 more
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Employee Count
3
as on Apr 06, 2024
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Products & Services of Minko
Minko offers a comprehensive portfolio of products and services, including Supply Chain Financing Product. 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.
App that delivers funding solutions for supply chain management
Funding Insights of Minko
Minko has successfully raised a total of $2.08M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $314.81 thousand completed in April 2022. 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 4
- Last Round Seed — $314,810
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First Round
First Round
(01 Oct 2019)
- Investors Count 45
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - Minko | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - Minko | Valuation | LC Nueva AIF , BlueMount Capital | |
| Dec, 2020 | Amount | Seed - Minko | Valuation | Wellfound |
| 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 Minko
Minko has secured backing from 45 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mumbai Angels, Wellfound and LetsVenture. 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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Pre-seed and seed B2B SaaS investments are targeted by CORE91.VC.
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Founded Year | Domain | Location | |
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Venture capital series investments are provided to tech startups.
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Founded Year | Domain | Location | |
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Minko
| 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 |
Financial Statements - Minko
| 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 |
Minko Comparisons
Competitors of Minko
Minko 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 axio, ZestMoney, Ezetap, PayJoy and Lazypay, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online lending platform for point-of-sale financing is provided.
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| domain | founded_year | HQ Location |
Online platform offering point-of-sale financing
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| domain | founded_year | HQ Location |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
Provider of digital payment solutions, including deferred payment and personal loans
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| domain | founded_year | HQ Location |
Self-checkout solutions are provided for retail businesses worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Minko
Frequently Asked Questions about Minko
When was Minko founded?
Minko was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Minko located?
Minko is headquartered in Sanquelim, India. It is registered at Sanquelim, Goa, India.
Who is the current CEO of Minko?
Sanket Shendure is the current CEO of Minko. They have also founded this company.
Is Minko a funded company?
Minko is a funded company, having raised a total of $2.08M across 4 funding rounds to date. The company's 1st funding round was a Seed of $88.17K, raised on Oct 01, 2019.
How many employees does Minko have?
As of Apr 06, 2024, the latest employee count at Minko is 3.
What is the annual revenue of Minko?
Annual revenue of Minko is $53.48K as on Mar 31, 2023.
What does Minko do?
Minko was founded in 2017 in Sanquelim, India, within the fintech sector. Embedded supply chain financing and credit solutions are offered to distributors and retailers. Short-term loans and on-demand credits are extended to small retailers through a dedicated application. Digital payments, value-added services, and micro-banking options are supported via an integrated payment system.
What products or services does Minko offer?
Minko offers Supply Chain Financing Product.
Who are Minko's investors?
Minko has 45 investors. Key investors include Mumbai Angels, Wellfound, LetsVenture, Kudos Finance and Investments, and tmfinance.
What is Minko's valuation?
The valuation of Minko is $4.98M as of Apr 2022.