About Minte
Minte is a company based in Hyderabad (India) founded in 2015 by Ramakrishna Prasad and Ramana Reddy. Minte has raised $468.87 thousand across 1 funding round from investors including Sai Vardhan Associates. The company has 31 employees as of April 09, 2024. Minte offers products and services including Used Phones Purchase Service, Used Phones Sales Service, and Diagnostics Application. Minte operates in a competitive market with competitors including Cashify, 2GUD, Digi2L, Budli and ReFit Global, among others.
- Headquarter Hyderabad, India
- Employees 31 as on 09 Apr, 2024
- Founders Ramakrishna Prasad, Ramana Reddy
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Sectors
Retail
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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 Ikon Technologies India Private Limited
- Date of Incorporation 08 Jan, 2016
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$21.15 M (USD)43.47as on Mar 31, 2023
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Net Profit
$90.38 K (USD)119.37as on Mar 31, 2023
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EBITDA
$546.28 K (USD)26.62as on Mar 31, 2023
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Total Equity Funding
$468.87 K (USD)
in 1 rounds
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Latest Funding Round
$468.87 K (USD), Seed
Feb 10, 2017
- Investors
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Employee Count
31
as on Apr 09, 2024
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Products & Services of Minte
Minte offers a comprehensive portfolio of products and services, including Used Phones Purchase Service, Used Phones Sales Service, and Diagnostics Application.
Service for acquiring exchange and demo phones from businesses.
Platform to sell used electronics to wholesalers and consumers.
Application for assessing and diagnosing mobile phone conditions.
Funding Insights of Minte
Minte has successfully raised a total of $468.87K through 1 strategic funding round. The most recent funding activity was a Seed round of $468.87 thousand completed in February 2017. 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.
Investors in Minte
Minte has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sai Vardhan Associates.
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Private equity investments are directed across multiple sectors.
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Investor details for Minte
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Investments & Acquisitions by Minte
Investment portfolio details for Minte
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Financial Statements - Minte
Detailed financials for Minte
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Minte Comparisons
Peer comparison for Minte
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Competitors of Minte
Minte 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 Cashify, 2GUD, Digi2L, Budli and ReFit Global, among others.
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Refurbished and new gadgets are offered through an online marketplace.
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App-based platform for purchasing refurbished products.
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Appliance exchange services are offered for electronics and home devices.
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Refurbished electronics are bought and sold through a recommerce platform.
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Refurbished consumer electronics are sold via an online platform.
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An online store specializing in unused, unboxed, and refurbished mobile phones.
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Detailed competitors of Minte
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Latest news on Minte
Complete news archive for Minte
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Frequently Asked Questions about Minte
Minte was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Minte is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Minte is a funded company, having raised a total of $468.87K across 1 funding round to date.
As of Apr 09, 2024, the latest employee count at Minte is 31.
Annual revenue of Minte is $21.15M as on Mar 31, 2023.
Minte was established in 2015 in Hyderabad, India, as an online platform focused on the sale of unboxed mobile phones. Products are sourced from e-commerce platforms including Amazon, eBay, Quickr, and Shopclues. All devices undergo performance checks, with brand warranty provided on each item. Operations center on facilitating purchases within the consumer electronics sector across India.
Minte offers Used Phones Purchase Service, Used Phones Sales Service, and Diagnostics Application.
Minte has 1 investor. Key investors include Sai Vardhan Associates.
The valuation of Minte is $851.59K as of Feb 2017.