When was Mindgate founded?

Mindgate was founded in 2008 and raised its 1st funding round 11 years after it was founded.

Where is Mindgate located?

Mindgate is headquartered in Mumbai, India. It is registered at 14th Floor, Damji Shamji Business Galleria, Near Huma Cinemas, LBS Marg, Kanjurmarg, West, Mumbai City, Mumbai, Maharashtra, India, 400078.

Which legal entities is Mindgate associated with?

Mindgate is associated with MINDGATE SOLUTIONS PRIVATE LIMITED.

How many employees does Mindgate have?

As of Aug 31, 2025, the latest employee count at Mindgate is 1453.

Is Mindgate a funded company?

Mindgate is a funded company, having raised a total of $10.2M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 03, 2019.

How much is Mindgate worth?

The last known valuation of Mindgate was $***** as of Sep 18, 2025.

When was the latest funding round of Mindgate?

Mindgate's latest funding was a $***** Series A round on Mar 20, 2025, with participation from 1 investor.

What is the annual revenue of Mindgate?

Annual revenue of Mindgate is ₹355Cr as on Mar 31, 2025.

Where does Mindgate rank among its competitors?

Mindgate ranks 10th amongst 448 active competitors, of which 60 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Mintoak, which secured $5.93M in Dec, 2025.

Who are the top competitors of Mindgate?

Mindgate's top competitors include Razorpay, PayU and Adyen. Among them, Mintoak secured the most recent funding round in December, 2025.

Mindgate - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of digital payment platform, retail, transaction banking, and other solutions. The company delivers central infrastructure, reconciliation, and settlement options. It offers services to merchants and third-party application providers. The business provides solutions for retail payments, transaction banking, and government sectors.

Website: www.mindgate.solutions/
Social
Email ID: *****@mindgate.in
Phone Number: +91 **********
Registered Address: 14th Floor, Damji Shamji Business Galleria, Near Huma Cinemas, LBS Marg, Kanjurmarg, West, Mumbai City, Mumbai, Maharashtra, India, 400078

Key Metrics

Founded Year

2008

Location

Mumbai, India

Stage

Acquired

Total Funding

$10.2M in 2 rounds

Latest Funding Round

Series A, Mar 20, 2025, $*****

Last Known Valuation

$***** as on Sep 18, 2025

Investors

ACI Worldwide & 1 more

Ranked

10^th among 448 active competitors

Annual Revenue

₹355Cr as on Mar 31, 2025

Employee Count

1,453 as on Aug 31, 2025

Similar Companies

Razorpay & 3476 more

Exit Details

Acquired by PayU (Sep 18, 2025)

View Mindgate's full profile

Mindgate is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MINDGATE SOLUTIONS PRIVATE LIMITED CIN: U72200MH2008PTC184354 , India, Active	Jul 07, 2008	$42M (As on Mar 31, 2025)	1453 (As on Aug 31, 2025)

Mindgate got acquired by PayU on Sep 18, 2025.

Click here to take a look at Mindgate's acquisition in detail

Mindgate has raised a total funding of $10.2M over 2 rounds. Its first funding round was on Jun 03, 2019. Its latest funding round was a Series A round on Mar 20, 2025 for $*****. 1 investor participated in its latest round. Mindgate has 2 institutional investors.

Here is the list of recent funding rounds of Mindgate:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 20, 2025	4167270	Series A	6680181	8238491	6881535	3018030
Jun 03, 2019	7942229	Series A	7899201	4796139	ACI Worldwide	6187917

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View details of Mindgate's funding rounds and investors

The founders of Mindgate are Guhan Muthusamy and George Sam.

Here are the details of Mindgate's key team members:

Guhan Muthusamy: Co-Founder of Mindgate. They are also an angel investor in 1 startup.
Contact Info: 1 email address and 1 phone number
George Sam: Co-Founder & Business Head of Mindgate and founder of 1 other company. They are also an angel investor in 1 startup.
Contact Info: 1 email address

Mindgate's Board of Directors

Mindgate's board has 1 active member. THOMAS WOODROW WARSOP is independent board member.

Here is the list of Mindgate's board of directors:

Name	Type	Representing	Status	Duration
George Sam Kavalackal	Team	-	Current	17y 7m
Guhan Muthuswamy	Team	-	Current	17y 7m
Gunjan Shukla	Independent board member	-	Current	0y 8m
scmcqzw	Independent board member	-	Current	7y 5m
nupwhep	Independent board member	-	Current	1y 5m
ejekjtd	Independent board member	-	Current	7y 8m

View details of Mindgate's Founder profiles and Board Members

Mindgate's employee count trend

Mindgate has 1,453 employees as of Aug 25. The total employee count is 9.0% more than what it was in Aug 24. Here is Mindgate's employee count trend over the years:

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Top competitors of Mindgate include Razorpay, PayU and Adyen. Here is the list of Top 10 competitors of Mindgate, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Razorpay 2014, Bengaluru (India), Series F	Provider of payment gateway, business banking, payroll, and credit solutions	$742M	Peak XV Partners, GIC & 35 others	85/100
2nd	PayU 2002, Amsterdam (Netherlands), Series C	Provider of payment solutions and credit products for online merchants	$35.1M	Naspers, Prosus & 4 others	83/100
3rd	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Iconiq Capital, Index Ventures & 14 others	80/100
4th	Flutterwave 2016, San Francisco (United States), Series D	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Headline & 71 others	78/100
5th	ACI Worldwide 1975, Omaha (United States), Public	Process and manage digital payments	-	Starboard Value, ABS Capital & 2 others	76/100
6th	Mintoak 2017, Mumbai (India), Series A	Digital payments and engagement solutions for MSMEs	$30.6M	PayPal, HDFC Bank & 23 others	74/100
7th	Airpay 2012, Mumbai (India), Series A	Provider of omnichannel payment gateway solutions and financial service platforms	$3.63M	Kalaari Capital, Mosaic Capital Services & 8 others	71/100
8th	PayPhi 2015, Pune (India), Series B	Provider of omnichannel payment solutions and infrastructure for diverse business needs	$27.1M	Beenext, Opus Technologies & 7 others	70/100
9th	Mobileware Tech 2010, Mumbai (India), Acquired	Developer of software solutions for the insurance and banking management	$5.27M	Kvanto, Zaggle & 9 others	69/100
10th	Mindgate 2008, Mumbai (India), Acquired	Provider of digital payment platform, retail, transaction banking, and other solutions	$10.2M	PayU, ACI Worldwide	68/100