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. 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
- Founders Rohit Pratap Singh, Sanket Shendure, Sanmati Shendure
- Stage Minicorn
- SectorsRetailFinancial Services
- Email••••••••
- Phone•••• ••••
- Website minko.app
- Social LinkedIn X Facebook Instagram
- Legal Name Minko Platforms Private Limited
- Date of Incorporation 12 Jul, 2017
- Jurisdiction Sanquelim, Goa, India
- Annual Revenue₹72.8 Lakh
FY 2024 · +64% YoY
- Net Profit₹26 Lakh
FY 2024 · 36% margin
- EBITDA₹30.9 Lakh
FY 2024 · 42% margin
- Total Equity Funding$2.08M (USD)
in 4 rounds
- Latest Funding Round$314.81K (USD), Seed
Apr 2022
- InvestorsMumbai Angels
& 44 more
- Employee Count3
Associated legal entities of Minko
Minko operates through Minko Platforms Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Minko Platforms Private Limited CIN U74999GA2017PTC013281 | Active | 12 Jul 2017 | Sanquelim, Goa | ₹0.7 Cr | 3 | 3 | View details |
Products & Services of Minko
Minko offers a comprehensive portfolio of products and services, including Supply Chain Financing Product.
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 $2.08M
- Total Rounds 4
- Last Round Seed — $314,810
- First Round $174,310
(Oct 2019)
- Investors Count 45
All 4 funding rounds of Minko 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 |
|---|---|---|---|---|---|
| Apr 2022 | $314,810 | Seed | $4.98M | – | |
| Jun 2021 | $1.5M | Seed | $4.04M | LC Nueva AIF, BlueMount Capital | |
| Dec 2020 | $88,166 | Seed | $••••• | Wellfound | |
| Oct 2019 | $174,310 | Seed | $••••• | tmfinance |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $4.98M | •••••••• |
| Jun 2021 | $4.04M | •••••••• |
| Dec 2020 | $••••• | •••••••• |
Full valuation and stage history of Minko
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $4.98M (Apr 2022). 45 investors in total: 10 institutional and 35 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Pre-seed and seed B2B SaaS investments are targeted by CORE91.VC. | – | core91.vc | Mumbai, India | |
Venture capital series investments are provided to tech startups. | – | valvablestucturingandadvisory.tcc.mode | Mumbai, India | |
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Early-stage startups are targeted for investment by this VC fund. | – | lcnuevaaif.tcc.mode | - | |
Venture capital funding is provided to innovative startups in India. | – | qedinnovationlabs.tcc.mode | Mumbai, India | |
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
API-based loan management solution for banks and credit institutions | 2009 | kudosfinance.in | Pune, India | |
Capital markets services including debt, equity, funds management, and specialized solutions for technology and healthcare. | – | bluemountcapital.com | - | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Consumer and business loans are facilitated via an online platform. | 2017 | tmfinance.in | Ahmedabad, India |
Investor details for Minko
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Minko Platforms Private Limited (Minko)
Minko Platforms Private Limited is the primary company behind Minko. The board of Minko Platforms Private Limited currently have 2 directors; the longest-serving is Sanket Vijaykumar Shendure, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanket Vijaykumar Shendure DIN 07852972 | Director | 12 Jul 2017 | 9 yrs 2 mo | Minko Platforms Private Limited |
| Sanmati Mahavir Shendure DIN 07852980 | Managing Director | 12 Jul 2017 | 9 yrs 2 mo | Minko Platforms Private Limited |
People of Minko
9 people are tracked at Minko (4 in leadership, 5 in team); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Rohit Pratap Singh | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Rishu Mathur | Head of Collections | Leadership |
S Vignesh | Lead Engineer | Team |
Hemant Singh | Regional Manager - Sales and Collection | Team |
HR Team | HR | Team |
Sharmila Godkar | Accounts Executive | Team |
Pallavi Kshire | Credit Manager | Team |
Complete people profiles for Minko
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Minko
Figures of Minko Platforms Private Limited, the primary company behind Minko, for FY 2024. Revenue was ₹72.8 Lakh (+64% year on year). Net profit was ₹26 Lakh (36% margin). EBITDA was ₹30.9 Lakh (42% margin). Revenue has grown at a compounded annual rate of -69% over three years and -58% over five years.
- ₹72.8 LakhRevenue · FY 2024 · +64% YoY
- ₹26 LakhNet profit · 36% margin
- ₹30.9 LakhEBITDA · 42% margin
- ₹21.5 LakhPaid-up capital
- 3Employees (provident fund records)
- -69%Revenue CAGR, 3 years
- -58%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Minko Platforms Private Limited are on its company page.
Detailed financial statements for Minko
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Minko
4 dated milestones of Minko across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Minko is founded.
- Funding First funding round of $174K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $315K.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| axio.co.in | 2013 | Bengaluru, India | $205.92M | 499 | An online lending platform for point-of-sale financing is provided. | |
| zestmoney.in | 2015 | Delhi, India | $151.12M | 21 | Online platform offering point-of-sale financing | |
| ezetap.com | 2011 | Bengaluru, India | $66.4M | 532 | Cloud-based mPOS software and hardware solutions are provided for businesses. | |
| payjoy.com | 2015 | San Francisco, United States | $204.62M | 101 | Online platform for purchase financing | |
| lazypay.in | 2017 | Mumbai, India | $7M | 366 | Provider of digital payment solutions, including deferred payment and personal loans | |
| itab.com | 1978 | Jonkoping, Sweden | – | 6 | Self-checkout solutions are provided for retail businesses worldwide. | |
| innoviti.com | 2002 | Bengaluru, India | $141.01M | 198 | Integrated online and offline payment solutions are provided for businesses. | |
| perpule.com | 2016 | Bengaluru, India | $6.36M | 6 | App-based self-checkout is enabled for offline retail stores. | |
| queuebuster.co | 2016 | Noida, India | $8.1M | 92 | All-in-one POS and business management system is provided. |
Detailed competitors of Minko
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Latest news on Minko
Complete news archive for Minko
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Minko
10 companies that operate in the same segment as Minko (Autonomous & In-Store Retail Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | – | 128 | |
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | – | |
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | – | – | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | – | – | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Point-of-sale financing is enabled for installment purchases at partnered retailers. | 2016 | Minneapolis, Minnesota, United States | USD 17.51 M | USD 450.28 M | 408 | |
Loyalty management solutions are provided for offline retail stores. | 2012 | San Francisco, California, United States | USD 23.1 M | – | 23 | |
Mobile apps enable real-time retail data collection by field teams. | 2011 | Denver, Colorado, United States | USD 71 M | – | – | |
Unified platform for retail and supply chain planning is offered. | 2005 | Helsinki, Finland | USD 816.41 M | – | – |
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Frequently Asked Questions about Minko
Minko was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Minko is headquartered in Sanquelim, India. It is registered at Sanquelim, Goa, India.
Sanket Shendure is the current CEO of Minko. They have also founded this 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 $174.31K, raised on Oct 2019.
Minko has 3 employees.
The primary company behind Minko, Minko Platforms Private Limited, reported revenue of ₹72.8 Lakh for FY 2024, up 64% year on year.
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.
Minko offers Supply Chain Financing Product.
Minko has 45 investors. Key investors include Mumbai Angels, Wellfound, LetsVenture, Kudos Finance and Investments, and tmfinance.
The valuation of Minko is $4.98M as of Apr 2022.
Minko operates through Minko Platforms Private Limited.