About Mintifi
Mintifi is a Technology company based in Mumbai (India) founded in 2017 by Sanjoy Shome, Anup Agarwal, and Ankit Mehta. Provider of supply chain financing solutions for small and medium enterprises. It operates in the Technology and Financial Services sectors. 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. Mintifi was last valued at $413.79 million in March 2023. Its chief executive, as recorded, is Anup Agarwal. Its website mintifi.com draws about 64 thousand monthly visits. Its Indian entity Mintifi Private Limited reported revenue of ₹401 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Vayana, Veefin and CredAble; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Employees 1,506
- Founders Sanjoy Shome, Anup Agarwal, Ankit Mehta
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website mintifi.com
- Social LinkedIn X Facebook
- Legal Name Mintifi Private Limited
- Date of Incorporation 10 Jan, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹401 Cr
FY 2024 · +77% YoY
- Net Profit₹92.54 Cr
FY 2024 · 23% margin
- EBITDA₹188 Cr
FY 2024 · 47% margin
- Total Equity Funding$269.95M (USD)
in 6 rounds
- Latest Funding Round$100M (USD), Series E
Nov 2024
- InvestorsInternational Finance Corporation
& 8 more
- Employee Count1,506
Associated legal entities of Mintifi
Mintifi is associated with 2 registered companies on The Company Check; the primary company is Mintifi Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mintifi Private Limited CIN U74999MH2017PTC289428 | Active | 10 Jan 2017 | Mumbai, Maharashtra | ₹401 Cr | 47 | 5 | View details |
| Mintifi Finserve Private Limited CIN U65990MH2018PTC304289 | Active | 17 Jan 2018 | Mumbai, Maharashtra | ₹150 Cr | 824 | 5 | View details |
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 $269.95M
- Total Rounds 6
- Last Round Series E — $100M
- First Round $2M
(Sep 2017)
- Investors Count 9
All 6 funding rounds of Mintifi 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 |
|---|---|---|---|---|---|
| Nov 2024 | $100M | Series E | – | Prosus, Ontario Teachers' Pension Plan | |
| Mar 2023 | $110M | Series D | $413.79M | Premji Invest | |
| Feb 2022 | $40.15M | Series C | $121.88M | Norwest Venture Partners, Elevation Capital | – |
| Mar 2021 | $6.03M | Series B | $••••• | Growth Catalyst Partners | |
| May 2019 | $11.77M | Series A | $••••• | IFC | |
| Sep 2017 | $2M | Seed | $••••• | Lok Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $413.79M | •••••••• |
| Feb 2022 | $121.88M | •••••••• |
| Mar 2021 | $••••• | •••••••• |
| May 2019 | $••••• | •••••••• |
| Sep 2017 | $••••• | •••••••• |
Full valuation and stage history of Mintifi
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $413.79M (Mar 2023). 9 investors in total: 8 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech companies are invested in by this venture capital firm. | 1997 | prosus.com | Amsterdam, Netherlands | |
Provides venture capital for technology startups and enterprise innovations worldwide. | premjiinvest.com | Bengaluru, India | ||
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Middle-market businesses are invested in by this private equity fund. | 2015 | growthcatalystpartners.com | Chicago, United States | |
Investment firm focusing on tech-enabled enterprises in social and environmental sectors. | 2002 | lokcapital.com | Gurugram, India | |
Pension funds focused on multiple sectors | 1990 | otpp.com | Toronto, Canada | |
AA Anup Agarwal | Angel investor, ex-Google, focused on early-stage Indian startups | unknown_b226eeb393c14b0b9 |
Investor details for Mintifi
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Board of directors of Mintifi Private Limited (Mintifi)
Mintifi Private Limited is the primary company behind Mintifi. The boards of the 2 registered companies of Mintifi currently have 8 directors; the longest-serving is Ankit Mehta, appointed in 2018. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Mehta DIN 06460253 | Director | 17 Jan 2018 | 8 yrs 9 mo | Mintifi Finserve Private Limited, Mintifi Private Limited |
| Anup Vijaykumar Agarwal DIN 06948030 | Director | 17 Jan 2018 | 8 yrs 9 mo | Mintifi Finserve Private Limited, Mintifi Private Limited |
| Sanjoy Shome DIN 08202571 | Director | 20 Aug 2018 | 8 yrs 2 mo | Mintifi Finserve Private Limited |
| Mridul Arora DIN 03579584 | Nominee Director | 17 Feb 2022 | 4 yrs 8 mo | Mintifi Private Limited |
| Nattanmai Venkataraman Saravanan DIN 06989767 | Nominee Director | 13 Dec 2023 | 2 yrs 10 mo | Mintifi Private Limited |
| Viswanathan Ramachandran DIN 09119780 | Director | 01 Apr 2024 | 2 yrs 6 mo | Mintifi Finserve Private Limited |
| Darius Dhunjishaw Vakil DIN 07483613 | Nominee Director | 19 Nov 2024 | 1 yr 11 mo | Mintifi Private Limited |
| Balasubramanian Ganesh DIN 07455286 | Director | 05 Mar 2025 | 1 yr 7 mo | Mintifi Finserve Private Limited |
People of Mintifi
56 people are tracked at Mintifi (21 in leadership, 35 in team); the tracked headcount is 1,506.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Karthik Elayaperumal | Vice President Of Engineering | Leadership |
Binay Shankar Gupta | AVP - Circle Head | Leadership |
Vikas Chhetri . | Zonal Sales Head | Leadership |
Prashant Padmanabhan | CTO | Leadership |
Tushar Pradhan | Head, Operations | Leadership |
Kirti Poddar | Head Of Human Resources | Leadership |
Mihir Jadhav | Assistant Vice President - Human Resources | Leadership |
Minhaj Malik | Director & Head - Sales & Collections | Leadership |
Abdul Musauvir Qureshi | Lead - Project And Strategic Initiatives (founder’s Office) | Leadership |
Ritesh Singh | Senior Vice President - Sales (west) | Leadership |
Rupesh Mishra | Director Business Head | Leadership |
Pratik Lodh | Assistant Vice President Sales | Leadership |
Ajeeth Asmath | Vice President Sales Division | Leadership |
Dev Harsh Singh Khalsa | National Head - Technical & Legal | Leadership |
Deval Parikh | Circle Head | Leadership |
Sagar Deshmukh | Associate Vice President Of Quality Assurance | Leadership |
Sanjay Sharma | Territory Head | Leadership |
36 more people are available in the full profile.
Complete people profiles for Mintifi
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Financials of Mintifi
Figures of Mintifi Private Limited, the primary company behind Mintifi, for FY 2024. Revenue was ₹401 Cr (+77% year on year). Net profit was ₹92.54 Cr (23% margin). EBITDA was ₹188 Cr (47% margin). Revenue has grown at a compounded annual rate of +159% over three years and +169% over five years.
- ₹401 CrRevenue · FY 2024 · +77% YoY
- ₹92.54 CrNet profit · 23% margin
- ₹188 CrEBITDA · 47% margin
- ₹148 CrPaid-up capital
- 47Employees (provident fund records)
- +159%Revenue CAGR, 3 years
- +169%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mintifi Private Limited are on its company page.
Detailed financial statements for Mintifi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Mintifi
4 dated milestones of Mintifi across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Mintifi is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E, of $100.0M.
Competitors of Mintifi
Mintifi has 3 listed competitors in our database, 3 of them funded. They include Vayana, Veefin and CredAble.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vayana.com | 2009 | Pune, India | $91.94M | Platform for trade credit and supply chain finance is provided. | ||
| veefin.com | 2020 | Mumbai, India | $3M | 25 | SaaS-based supply chain financing solutions are delivered globally. | |
| credable.in | 2017 | Mumbai, India | $62M | 113 | Provider of working capital and supply chain finance solutions for businesses |
Detailed competitors of Mintifi
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Web traffic of Mintifi
The website of Mintifi (mintifi.com) receives about 64.2K visits a month.
- Monthly visits64.2K
▲ 8.2% vs previous month
Websites whose visitors overlap most with Mintifi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rarfincare.in | 73% | 1.3K | View details |
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Related news about Mintifi
Complete news archive for Mintifi
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Frequently Asked Questions about Mintifi
Mintifi was founded in 2017.
Mintifi is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Anup Agarwal is the CEO of Mintifi, as recorded in our data. They have also founded this 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 Seed of $2M, raised on Sep 2017.
Mintifi has 1,506 employees.
The primary company behind Mintifi, Mintifi Private Limited, reported revenue of ₹401 Cr for FY 2024, up 77% year on year.
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.
Mintifi has 9 investors. Key investors include International Finance Corporation, Prosus, Norwest Venture Partners, Ontario Teachers' Pension Plan, and Growth Catalyst Partners.
The valuation of Mintifi is $413.79M as of Mar 2023.
Mintifi is associated with 2 legal entities: Mintifi Private Limited, Mintifi Finserve Private Limited.
The legal entities of Mintifi currently have 8 directors, including Ankit Mehta, Anup Vijaykumar Agarwal, Sanjoy Shome and others.