About RefreshMint
RefreshMint is a Financial Services company based in Mumbai (India) founded in 2019 by Bimal Kumar and Vaibhav Velhankar. AI based solutions for acquisition of financial services. It operates in the Financial Services and Technology sectors. RefreshMint has raised $588.16 thousand across 3 funding rounds from investors including Wellfound, Riqueza Capital and Northpoint Capital Advisors. RefreshMint was last valued at $4.18 million in April 2022. Its chief executive, as recorded, is Vaibhav Velhankar. Its Indian entity Pistis Financial Services Private Limited reported revenue of ₹12.6 Lakh. RefreshMint offers products and services including API Hub, Enrichment Engine, and Intent Model. Its focus areas include Enterprise Applications, Sales Force Automation, CRM and Enterprise Suite.
Company details
AI based solutions for the acquisition of financial services. It provides wealth management solutions. It leverages AI and ML data models that help financial services in customer acquisition and generate leads.
- Headquarters Mumbai, India
- Founders Bimal Kumar, Vaibhav Velhankar
- Stage Minicorn
- SectorsFinancial ServicesTechnology
- Website refreshmint.in
- Social LinkedIn X
- Legal Name Pistis Financial Services Private Limited
- Date of Incorporation 01 Apr, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹12.6 Lakh
FY 2025 · -70% YoY
- Net Loss-₹20.1 Lakh
FY 2025 · -160% margin
- EBITDA-₹17.1 Lakh
FY 2025 · -136% margin
- Total Equity Funding$588.16K (USD)
in 3 rounds
- Latest Funding Round$19.92K (USD), Seed
Apr 2022
- InvestorsWellfound
& 16 more
Associated legal entities of RefreshMint
RefreshMint operates through Pistis Financial Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pistis Financial Services Private Limited CIN U74110MH2019PTC323516 | Active | 01 Apr 2019 | Mumbai, Maharashtra | ₹0.1 Cr | 4 | View details |
Products & Services of RefreshMint
RefreshMint offers a comprehensive portfolio of products and services, including API Hub, Enrichment Engine, and Intent Model.
Platform for real-time lead integration into CRM systems.
Tool to add attributes for better lead qualification processes.
Model to evaluate lead potential for faster conversions.
Funding Insights of RefreshMint
RefreshMint has successfully raised a total of $588.16K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $19.92 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 $588,157
- Total Rounds 3
- Last Round Seed — $19,922
- First Round $165,560
(Jun 2020)
- Investors Count 17
All 3 funding rounds of RefreshMint 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 | $19,922 | Seed | $4.18M | Riqueza Capital | – |
| Jul 2021 | $402,675 | Seed | $4.2M | Riqueza Capital | |
| Jun 2020 | $165,560 | Seed | $••••• | BlackmilkMedia |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $4.18M | •••••••• |
| Jul 2021 | $4.2M | •••••••• |
| Jun 2020 | $••••• | •••••••• |
Full valuation and stage history of RefreshMint
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
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Verified entity values are shown only after access is granted.
Last known valuation $4.18M (Apr 2022). 17 investors in total: 5 institutional and 12 angel.
Investors in RefreshMint
RefreshMint has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wellfound, Riqueza Capital and Northpoint Capital Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Software development, AI solutions, and system architecture services are provided by Riqueza. | 2014 | riquezacapital.com | Dubai, United Arab Emirates | |
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Investment banking services are focused on lower and middle markets. | northpointcapitaladvisors.com | Alpharetta, United States | ||
Application development services are offered by Sagacity Software. | sagacitysoftware.co.in | Pune, India | ||
Offers marketing consulting, social media management, content creation, and advertising services. | 2017 | blackmilkmedia.com | London, United Kingdom | |
DS Disha Shrivastava | Angel investor and product leader, ex-Zomato, focused on early-stage startups | unknown_b8417069780742c2a | ||
AK Amaan Khan | unknown_94ec5c9b1cbd433f8 | |||
AK Anam Khan | unknown_bee8d9c75e2a4f09a | |||
AA Apurva Agarwal | unknown_e39fa3ba5ef2460b8 | |||
VV Vaibhav Velhankar | Angel investor and entrepreneur, focused on tech startups in India. | unknown_0cb18d46916243438 |
Investor details for RefreshMint
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Pistis Financial Services Private Limited (RefreshMint)
Pistis Financial Services Private Limited is the primary company behind RefreshMint. The board of Pistis Financial Services Private Limited currently have 3 directors; the longest-serving is Bimal Kumaar, appointed in 2022. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bimal Kumaar DIN 09493117 | Director | 07 Feb 2022 | 4 yrs 9 mo | Pistis Financial Services Private Limited |
| Saurabh Shankar DIN 08388209 | Director | 08 Jul 2024 | 2 yrs 4 mo | Pistis Financial Services Private Limited |
| Sumit Singh DIN 10692864 | Director | 08 Jul 2024 | 2 yrs 4 mo | Pistis Financial Services Private Limited |
People of RefreshMint
3 people are tracked at RefreshMint (3 in leadership).
| Name | Role | Group |
|---|---|---|
Bimal Kumar | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-founder And CBO | Leadership |
Complete people profiles for RefreshMint
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of RefreshMint
Figures of Pistis Financial Services Private Limited, the primary company behind RefreshMint, for FY 2025. Revenue was ₹12.6 Lakh (-70% year on year). Net loss was -₹20.1 Lakh (-160% margin). EBITDA was -₹17.1 Lakh (-136% margin). Revenue has grown at a compounded annual rate of -6% over three years and +44% over five years.
- ₹12.6 LakhRevenue · FY 2025 · -70% YoY
- -₹20.1 LakhNet loss · -160% margin
- -₹17.1 LakhEBITDA · -136% margin
- ₹35.6 LakhPaid-up capital
- -6%Revenue CAGR, 3 years
- +44%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pistis Financial Services Private Limited are on its company page.
Detailed financial statements for RefreshMint
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of RefreshMint
4 dated milestones of RefreshMint across 3 years, from founding to its latest funding, stage changes and deals.
- Founded RefreshMint is founded.
- Funding First funding round of $166K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $20K.
Top companies in Insurance Technology & Support Services
2 companies that operate in the same segment as RefreshMint (Insurance Technology & Support Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | USD 42.44 M | 408 |
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Related news about Refreshmint
Complete news archive for RefreshMint
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Frequently Asked Questions about RefreshMint
RefreshMint was founded in 2019 and raised its 1st funding round 1 year after it was founded.
RefreshMint is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vaibhav Velhankar is the CEO of RefreshMint, as recorded in our data. They have also founded this company.
RefreshMint is a funded company, having raised a total of $588.16K across 3 funding rounds to date. The company's 1st funding round was a Seed of $165.56K, raised on Jun 2020.
The primary company behind RefreshMint, Pistis Financial Services Private Limited, reported revenue of ₹12.6 Lakh for FY 2025, down 70% year on year.
AI based solutions for the acquisition of financial services. It provides wealth management solutions. It leverages AI and ML data models that help financial services in customer acquisition and generate leads.
RefreshMint offers API Hub, Enrichment Engine, and Intent Model.
RefreshMint has 17 investors. Key investors include Wellfound, Riqueza Capital, Northpoint Capital Advisors, Sagacity Software, and Disha Shrivastava.
The valuation of RefreshMint is $4.18M as of Apr 2022.
RefreshMint operates through Pistis Financial Services Private Limited.
The legal entities of RefreshMint currently have 4 directors, including Saurabh Shankar, Vaibhav Velhankar, Bimal Kumaar and others.