About Mintifi
Mintifi is a company based in Mumbai (India) founded in 2017 by Sanjoy Shome, Anup Agarwal, and Ankit Mehta.. Mintifi has raised $269.95 million across 6 funding rounds from investors including International Finance Corporation, Prosus and Norwest Venture Partners. The company has 1,506 employees as of April 30, 2025. Mintifi operates in a competitive market with competitors including Vayana, Veefin, CredAble, Bridge2capital and Artfine, among others.
- Headquarter Mumbai, India
- Employees 1506 as on 30 Apr, 2025
- Founders Sanjoy Shome, Anup Agarwal, Ankit Mehta
- Stage Minicorn
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Sectors
TechnologyFinancial 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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Annual Revenue
$48.5 M (USD)77as on Mar 31, 2024
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Net Profit
$11.18 M (USD)273as on Mar 31, 2024
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EBITDA
$22.65 M (USD)149as on Mar 31, 2024
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Total Equity Funding
$269.95 M (USD)
in 6 rounds
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Latest Funding Round
$100 M (USD), Series E
Nov 15, 2024
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Investors
International Finance Corporation
& 8 more
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Employee Count
1506
as on Apr 30, 2025
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Funding Insights of Mintifi
Mintifi has successfully raised a total of $269.95M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $100 million completed in November 2024. 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 6
- Last Round Series E — $100.0M
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First Round
First Round
(29 Sep 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series E - Mintifi | Valuation | Prosus , Ontario Teachers' Pension Plan | |
| Mar, 2023 | Amount | Series D - Mintifi | Valuation | Premji Invest | |
| Feb, 2022 | Amount | Series C - Mintifi | Valuation | Norwest Venture Partners , Elevation Capital |
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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 Mintifi
Mintifi has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include International Finance Corporation, Prosus and Norwest Venture Partners. 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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Tech companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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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 Mintifi
| 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 - Mintifi
| 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 |
Mintifi Comparisons
Competitors of Mintifi
Mintifi 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 Vayana, Veefin, CredAble, Bridge2capital and Artfine, 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 |
Platform for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
SaaS-based supply chain financing solutions are delivered globally.
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| domain | founded_year | HQ Location |
Provider of working capital and supply chain finance solutions for businesses
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| domain | founded_year | HQ Location |
Online platform for inventory financing
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| domain | founded_year | HQ Location |
Provider of bespoke supply chain finance solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Mintifi
Frequently Asked Questions about Mintifi
When was Mintifi founded?
Mintifi was founded in 2017.
Where is Mintifi located?
Mintifi is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Mintifi?
Anup Agarwal is the current CEO of Mintifi. They have also founded this company.
Is Mintifi a funded company?
Mintifi is a funded company, having raised a total of $269.95M across 6 funding rounds to date. The company's 1st funding round was a Series C of $40.15M, raised on Sep 29, 2017.
How many employees does Mintifi have?
As of Apr 30, 2025, the latest employee count at Mintifi is 1,506.
What is the annual revenue of Mintifi?
Annual revenue of Mintifi is $48.5M as on Mar 31, 2024.
What does Mintifi do?
Mintifi was founded in 2017 and is based in Mumbai, India. Operations focus on the fintech sector, where supply chain financing is provided to small and medium enterprises. Services include inventory financing, invoice payment facilitation, credit lines, and working capital loans. Invoice reconciliation and early payment discounts are supported, along with integration to enterprise resource planning systems.
Who are the top competitors of Mintifi?
Who are Mintifi's investors?
Mintifi has 9 investors. Key investors include International Finance Corporation, Prosus, Norwest Venture Partners, Ontario Teachers' Pension Plan, and Growth Catalyst Partners.
What is Mintifi's valuation?
The valuation of Mintifi is $413.79M as of Mar 2023.
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