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, Mindgate has 1453 employees, reflecting a 9% year-over-year growth in headcount.

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. Its primary sector is Payments. In India, the Payments sector has seen $809M in funding in 2026 to date.

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 53rd amongst 6492 active competitors, of which 557 are funded. It stands 10th 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 PayPal, Stripe and Razorpay. 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

53^rd among 6492 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

1,453 as on Aug 31, 2025

Similar Companies

PayPal & 3954 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	Reports
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	2647713	Series A	7595177	2867630	1504590	5374103
Jun 03, 2019	9276364	Series A	3880830	6421796	ACI Worldwide	2183800

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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 & Director & Business Head of Mindgate and founder of 1 other company.

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 3m
Guhan Muthuswamy	Team	-	Current	18y 3m
Gunjan Shukla	Independent board member	-	Current	1y 5m
zshxika	Independent board member	-	Current	6y 6m
he{bjtp	Independent board member	-	Current	9y 1m
qzhprqz	Independent board member	-	Current	5y 4m

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 PayPal, Stripe and Razorpay. 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	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 30 others	88/100
2nd	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 & 136 others	86/100
3rd	Razorpay 2014, Bengaluru (India), Series F	Provider of a comprehensive financial platform for businesses to accept, process, and disburse payments	$742M	Peak XV Partners, GIC & 35 others	86/100
4th	Airwallex 2015, Melbourne (Australia), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	84/100
5th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Amasia & 28 others	83/100
6th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 16 others	83/100
7th	GoCardless 2011, London (United Kingdom), Acquired	Provider of automated bank payment collection and recurring billing services	$540M	Adams Street Partners, Permira & 27 others	81/100
8th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$1.23B	Peak XV Partners, Actis & 187 others	81/100
9th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	79/100
10th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
53rd	Mindgate 2008, Mumbai (India), Acquired	Provider of digital payment platform, retail, transaction banking, and other solutions	$10.2M	PayU, ACI Worldwide	67/100

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Founders (largest shareholder) own 83.34% and Enterprises own 16.67%. The net worth of Mindgate's founders is INR 350Cr as of Jul 22, 2019. The cap table displayed below is for MINDGATE SOLUTIONS PRIVATE LIMITED which is the legal entity associated with Mindgate.