Mintifi - About the company
Mintifi is a series E company based in Mumbai (India), founded in 2017 by Ankit Mehta. It operates as a Provider of supply chain financing solutions for small and medium enterprises. Mintifi has raised $270M in funding from investors like IFC, Ontario Teachers' Pension Plan and Lok Capital, with a current valuation of $*****. The company has 15 active competitors, including 8 funded and 2 that have exited. Its top competitors include companies like CredAble, Mynd Fintech and Vayana.
Company Details
Provider of supply chain financing solutions for small and medium enterprises. It offers inventory financing and invoice payment solutions. The business provides credit lines and working capital loans. It facilitates invoice reconciliation and early payment discounts. The company offers integration with enterprise resource planning systems.
- Website
- mintifi.com
- Social
- Email ID
- *****@mintifi.com, *****@mintifi.com
- Phone Number
- +91 **********
- Registered Address
- Unit No. 3B, 2nd Floor, Times Square Andheri Kurla Road, Marol, Andheri (East, ), Mumbai City, Mumbai, Maharashtra, India, 400059
Key Metrics
Founded Year
2017
Location
Mumbai, India
Stage
Series E
Total Funding
$270M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on Dec 10, 2024
Ranked
1st among 15 active competitors
Annual Revenue
₹500 - ₹1,000 Cr as on Mar 31, 2025
Employee Count
1,633 as on Jul 31, 2025
Similar Companies
Legal entities associated with Mintifi
Mintifi is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MINTIFI FINSERVE PRIVATE LIMITED CIN: U65990MH2018PTC304289 , India, Active | Jan 17, 2018 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 2091 (As on May 01, 2026) | |
Mintifi Private Limited CIN: U74999MH2017PTC289428 , India, Active | Jan 10, 2017 | - | 40 (As on Jul 31, 2025) | |
MINTIFI PRIVATE LIMITED CIN: U74999MH2017PTC289428 , India, Active | Jan 10, 2017 | ₹500 - ₹1,000 Cr (As on Mar 31, 2025) | 37 (As on Aug 31, 2025) |
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Mintifi's funding and investors
Mintifi has raised a total funding of $270M over 6 rounds. Its first funding round was on Sep 29, 2017. Its latest funding round was a Series E round on Nov 15, 2024 for $*****. 3 investors participated in its latest round. Mintifi has 8 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Mintifi:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 15, 2024 | 5294912 | Series E | 1104808 | 6809394 | 2341980 | 2936170 |
Mar 08, 2023 | 6244227 | Series D | 3229862 | 9457882 | 2949474 | |
Feb 08, 2022 | 9733912 | Series C | 1678216 | 7616507 | 9776825 |
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Mintifi's founders and board of directors
Founder? Claim ProfileThe founders of Mintifi is Ankit Mehta. Anup Agarwal is the CEO of Mintifi.
Here are the details of Mintifi's key team members:
- Ankit Mehta: Co-Founder of Mintifi and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
Mintifi's Board of Directors
Mintifi's board has 3 active members. Ankit Mehta, Mridul Arora and Priyamvada Ramkumar are part of team.Here is the list of Mintifi's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 11m | |
Investor | Elevation Capital | Current | 4y 6m | |
Investor | Lok Capital | Current | 5y 3m |
View details of Mintifi's Founder profiles and Board Members
Mintifi's employee count trend
Mintifi has 1,633 employees as of Jul 25. The total employee count is 37.0% more than what it was in Jul 24. Here is Mintifi's employee count trend over the years:
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Mintifi's Competitors and alternates
Top competitors of Mintifi include CredAble, Mynd Fintech and Vayana. Here is the list of Top 10 competitors of Mintifi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of supply chain financing solutions for small and medium enterprises | $270M | 65/100 | ||
2nd | Provider of working capital solutions and supply chain finance programs | $49.2M | 59/100 | ||
3rd |  Mynd Fintech 2002, Gurugram (India), Series A | Online marketplace for supply chain financing | $16.3M | 59/100 | |
4th | Provider of a platform facilitating trade credit and supply chain finance | $91.9M | 56/100 | ||
5th | Provider of supply chain finance technology and digital lending solutions | $3M | 56/100 | ||
6th | Provider of supply chain finance and automation solutions for enterprises | $33M | 51/100 | ||
7th |  Bridge2capital 2017, Delhi (India), Acquired | Online platform for inventory financing | $1.62M | 50/100 | |
8th | Provider of bespoke supply chain finance solutions | $1.14M | 47/100 | ||
9th |  Financejunction 2007, Kolkata (India), Funding Raised | Online supply chain financing solutions to the sales supply chain | - | - | 44/100 |
10th | Provider of consumer loans | $2.46M | 41/100 |
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Mintifi's Latest cap tables and shareholding
Founders own 22.16%, Funds (largest shareholder) own 73.90%, Angels own 0.08% and Other People own 0.08%. The net worth of Mintifi's founders is INR 1,440Cr as of Nov 15, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 22.16% | 1,440Cr | 8434925 | 3356327 | 6575736 | 4380624 |
30 | 12 | 21 | 32 | 50 | 39 | |
Fund | 73.90% | 4,810Cr | 8783852 | 2759526 | 5197810 | 9842385 |
7043451 | 5293158 | 3971638 | 7155786 | 9817401 | 7686137 | |
7536147 | 5542743 | 1722987 | 2376766 | 1284841 | 8725791 | |
4207031 | 4407027 | 3442376 | 5691044 | 2297083 | 3258310 | |
3436460 | 3039811 | 6728727 | 1809182 | 1207865 | 3925120 | |
308 | 476 | 318 | 522 | 398 | 176 | |
82 | 48 | 73 | 26 | 83 | 59 | |
3 | 6 | 3 | 6 | 3 | 2 | |
Angel | 0.08% | 4.96Cr | 0 | 0 | 0 | 0 |
Other People | 0.08% | 4.97Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 3.79% | 247Cr | 626 | 809 | 408 | 540 |
Total | 100.00% | 6,510Cr | 7300293 | 5228804 | 3081808 | 1379421 |
To unlock detailed Cap Table of Mintifi Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Mintifi's Shareholding
Mintifi's Investments and acquisitions
Mintifi has made no investments or acquisitions yet.
Reports related to Mintifi
Here is the latest report on Mintifi's sector:
News related to Mintifi
Filter this list•
India’s Startup Funding Rebounds; Will the Recovery Last in 2025Fortune India•Mar 28, 2025•Mintifi, Premji Invest, Warburg Pincus, SoftBank Vision Fund and 11 others
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India's fintech funding drops 33% in 2024Fortune India•Jan 13, 2025•Moneyview, Perfios, Swiggy, Niva Bupa and 29 others
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VCs betting on NBFCs for stable investmentsFinancial Express•Jan 13, 2025•Jungle Ventures, Infinity Fincorp Solutions, Inflection Point Ventures, LoanKuber and 6 others
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Mintifi raises $180 mn in Series E from TVG, Prosus, and Premji InvestBusiness Standard•Dec 10, 2024•Mintifi, Premji Invest, Prosus, Ontario Teachers' Pension Plan and 1 other
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Prosus invests $100 million in Vastu Housing Finance, acquires minority stakeMoneycontrol•Dec 02, 2024•Vastu Housing Finance, Prosus, Mintifi, Norwest Venture Partners and 7 others
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Bain, Advent discuss $100-mn round in Mintifi as loan book jumpsThe Arc•Sep 02, 2024•Bain Capital, Advent International, Mintifi, Ontario Teachers' Pension Plan and 1 other
•
Nft Startup Mintify Raises $3.4 Million In Additional FundingThe Block•Jul 30, 2024•Mintifi, ARCA, Cumberland, Psalion and 8 others
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