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 between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Mindgate rank among its competitors?

Mindgate ranks 13th amongst 487 active competitors, of which 75 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Mindgate?

Mindgate's top competitors include Stripe, Razorpay and PayU. Among them, Flutterwave secured the most recent funding round in July, 2026.

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

13^th among 487 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

1,453 as on Aug 31, 2025

Similar Companies

PayPal & 3636 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	₹100 - ₹500 Cr (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	2446517	Series A	6942911	8480623	3151053	3751847
Jun 03, 2019	5148322	Series A	3848993	3339980	ACI Worldwide	2201934

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View details of Mindgate's funding rounds and investors

The founders of Mindgate is Guhan Muthusamy.

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

Mindgate's Board of Directors

Mindgate's board has 6 active members. George Sam Kavalackal and Guhan Muthuswamy are part of team and Gunjan Shukla, Arvind Agarwal, Manas Mishra and THOMAS WOODROW WARSOP are independent board members.

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

Name	Type	Representing	Status	Duration
George Sam Kavalackal	Team	-	Current	18y 1m
Guhan Muthuswamy	Team	-	Current	18y 1m
Gunjan Shukla	Independent board member	-	Current	1y 2m
kdvptzr	Independent board member	-	Current	4y 4m
wsvbjsq	Independent board member	-	Current	5y 5m
xceomkh	Independent board member	-	Current	8y 2m

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 Stripe, Razorpay and PayU. 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	Stripe 2010, San Francisco (United States), Series I	Provider of financial infrastructure solutions for revenue growth and payment processing	$9.81B	General Catalyst, Sequoia Capital & 131 others	86/100
2nd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	85/100
3rd	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	84/100
4th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
5th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 15 others	81/100
6th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 185 others	76/100
7th	ACI Worldwide 1975, Omaha (United States), Public	Process and manage digital payments	-	Starboard Value, Norwest & 3 others	74/100
8th	Airpay 2012, Mumbai (India), Series A	Provider of omnichannel payment gateway solutions and financial service platform	$3.63M	Kalaari Capital, Mosaic Capital Services & 7 others	73/100
9th	Cashfree Payments 2015, Bengaluru (India), Series C	Provider of payment gateway and payouts, and identity verification services	$100M	SBI, Apis Partners & 15 others	69/100
10th	AGS Transact Technologies 2002, Mumbai (India), Public	Provider of end-to-end payment processing solutions for merchants and businesses	$81M	TPG, Actis & 14 others	69/100
13th	Mindgate 2008, Mumbai (India), Acquired	Provider of digital payment platform, retail, transaction banking, and other solutions	$10.2M	PayU, ACI Worldwide	68/100