About Mswipe
Mswipe is a company based in Mumbai (India) founded in 2011 by Ketan Patel and Manish Patel.. Mswipe has raised $125.95 million across 10 funding rounds from investors including Ola Cabs, Axis Bank and Epiq Capital Advisors. The company has 1,088 employees as of April 30, 2025. Mswipe operates in a competitive market with competitors including Ezetap, Presto, Payswiff, Innoviti and Evolute, among others.
- Headquarter Mumbai, India
- Employees 1088 as on 30 Apr, 2025
- Founders Ketan Patel, Manish Patel
- Stage Minicorn
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Sectors
Financial 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
$34.1 M (USD)1as on Mar 31, 2024
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Net Profit
$-5.59 M (USD)6as on Mar 31, 2024
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EBITDA
$-712.63 K (USD)33as on Mar 31, 2024
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Total Equity Funding
$125.95 M (USD)
in 10 rounds
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Latest Funding Round
$20 M (USD), Series E
Jun 27, 2023
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Investors
Ola Cabs
& 20 more
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Employee Count
1088
as on Apr 30, 2025
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Funding Insights of Mswipe
Mswipe has successfully raised a total of $125.95M across 10 strategic funding rounds. The most recent funding activity was a Series E round of $20 million completed in June 2023. 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 10
- Last Round Series E — $20.0M
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First Round
First Round
(26 Dec 2011)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series E - Mswipe | Valuation | Alpha Wave Global , B Capital | |
| Mar, 2019 | Amount | Series E - Mswipe | Valuation | Epiq Capital Advisors , B Capital Group | |
| Aug, 2018 | Amount | Series D - Mswipe | Valuation | Epiq Capital Advisors |
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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 Mswipe
Mswipe has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ola Cabs, Axis Bank and Epiq Capital Advisors. 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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Venture capital firm focused on growth-stage companies
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Founded Year | Domain | Location | |
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Multistage investments are directed toward technology, healthcare, and climate sectors.
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Founded Year | Domain | Location | |
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Investing in and supporting insurgent consumer brands in India and Southeast Asia.
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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 Mswipe
| 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 - Mswipe
| 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 |
Mswipe Comparisons
Competitors of Mswipe
Mswipe 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 Ezetap, Presto, Payswiff, Innoviti and Evolute, 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 |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Drive-through automation solutions for restaurants are provided using AI.
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| domain | founded_year | HQ Location |
Provider of POS and MPOS solutions for businesses to accept card payments
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| domain | founded_year | HQ Location |
Integrated online and offline payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Embedded systems for fintech and payments are designed and manufactured.
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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 Mswipe
Frequently Asked Questions about Mswipe
When was Mswipe founded?
Mswipe was founded in 2011.
Where is Mswipe located?
Mswipe is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Mswipe?
Ketan Patel is the current CEO of Mswipe. They have also founded this company.
Is Mswipe a funded company?
Mswipe is a funded company, having raised a total of $125.95M across 10 funding rounds to date.
How many employees does Mswipe have?
As of Apr 30, 2025, the latest employee count at Mswipe is 1,088.
What is the annual revenue of Mswipe?
Annual revenue of Mswipe is $34.1M as on Mar 31, 2024.
What does Mswipe do?
Founded in 2011 and based in Mumbai, India, Mswipe operates in the fintech sector, focusing on payment infrastructure for merchants. POS terminals, UPI-QR codes, payment links, and soundboxes are provided, along with tools for store management, analytics, and online store setup. Financial services such as merchant loans and buy-now-pay-later options are also available, supporting retail digitalization and business expansion.
Who are the top competitors of Mswipe?
Who are Mswipe's investors?
Mswipe has 21 investors. Key investors include Ola Cabs, Axis Bank, Epiq Capital Advisors, Alpha Wave Global, and B Capital.
What is Mswipe's valuation?
The valuation of Mswipe is $132.86M as of Jun 2023.
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