Mintoak - About the company
Mintoak is a series A company based in Mumbai (India), founded in 2017 by Kabeer Jain, Raman Khanduja, Rama Tadepalli, Sanjay Nazareth and Rohit Ramana. It operates as a Digital payments and engagement solutions for MSMEs. Mintoak has raised $30.6M in funding from investors like HDFC Bank, PayPal and Pg Paper Company Ltd, with a current valuation of $*****. The company has 417 active competitors, including 57 funded and 29 that have exited. Its top competitors include companies like Stripe, Razorpay and PayU.
Company Details
Digital payments and engagement solutions for MSMEs. The company provides omnichannel payment solutions, a smart processing solution, tools for retailers to track credit transactions, and more. It also offers services like customer recognition, feedback and ratings, analytics, insights, and more.
- Website
- www.mintoak.com
- Social
- Email ID
- *****@mintoak.com
- Phone Number
- +91 **********
- Registered Address
- Innov8 Marol, Pan Infotech, 6th Floor, Sag Baug, Marol, Andheri East, Marol Naka, Mumbai, Mumbai, Maharashtra, India, 400059
Key Metrics
Founded Year
2017
Location
Mumbai, India
Stage
Series A
Total Funding
$30.6M in 7 rounds
Latest Funding Round
Post Money Valuation
$***** as on Dec 26, 2025
Investors
Ranked
6th among 417 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
146 as on Aug 31, 2025
Investment & Acquisitions
Legal entities associated with Mintoak
Mintoak is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MINTOAK INNOVATIONS PRIVATE LIMITED CIN: U62099MH2017PTC299322 , India, Active | Sep 04, 2017 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 156 (As on May 01, 2026) |
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Mintoak's funding and investors
Mintoak has raised a total funding of $30.6M over 7 rounds. Its first funding round was on Feb 26, 2018. Its latest funding round was a Series A round on Dec 11, 2025 for $*****. 3 investors participated in its latest round. Mintoak has 13 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of Mintoak:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 11, 2025 | 3205430 | Series A | 8933021 | 1463638 | 3521980 | 9349152 |
Jan 31, 2023 | 2046380 | Series A | 7680694 | 4638686 | 8832159 | |
Aug 21, 2021 | 4121385 | Seed | 8827068 | 3774936 |
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Mintoak's founders and board of directors
Founder? Claim ProfileThe founders of Mintoak are Kabeer Jain, Raman Khanduja, Rama Tadepalli, Sanjay Nazareth and Rohit Ramana. Raman Khanduja is the CEO of Mintoak.
Here are the details of Mintoak's key team members:
- Kabeer Jain: Co-Founder of Mintoak and founder of 2 other companies, GameXS and PlayX. They serve on the board of 1 company.Contact Info: 1 email address
- Raman Khanduja: Co-Founder & CEO of Mintoak. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Rama Tadepalli: Co-Founder & COO of Mintoak. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Sanjay Nazareth: Co-Founder of Mintoak. They serve on the board of 1 company.Contact Info: 1 phone number
- Rohit Ramana: Co-Founder & CFO of Mintoak. Contact Info: 1 email address and 1 phone number
Mintoak's Board of Directors
Mintoak's board has 3 active members. Raman Khanduja, Rama Tadepalli and Sanjay Nazareth are part of team.Here is the list of Mintoak's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 8m | |
Team | - | Current | 8y 8m | |
ztmlegg | Team | - | Past | 5y 6m |
View details of Mintoak's Founder profiles and Board Members
Mintoak's employee count trend
Mintoak has 146 employees as of Aug 25. The total employee count is 14.0% more than what it was in Aug 24. Here is Mintoak's employee count trend over the years:
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Mintoak's Competitors and alternates
Top competitors of Mintoak include Stripe, Razorpay and PayU. Here is the list of Top 10 competitors of Mintoak, ranked by Tracxn score:
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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 | 86/100 | |
2nd | Provider of payment and business banking solutions for enterprises | $742M | 86/100 | ||
3rd | PayU 2002, Amsterdam (Netherlands), Series C | Provider of online payment solutions and financial services for businesses | $35.1M | 84/100 | |
4th |  Flutterwave 2016, San Francisco (United States), Series D | Provider of payment solutions for online and physical business transactions | $489M | 83/100 | |
5th | Adyen 2006, Amsterdam (Netherlands), Public | Provider of end-to-end payment, data, and financial management platform solutions | $266M | 80/100 | |
6th | Digital payments and engagement solutions for MSMEs | $30.6M | 74/100 | ||
7th | ACI Worldwide 1975, Omaha (United States), Public | Process and manage digital payments | - | 73/100 | |
8th | Provider of omnichannel payment gateway solutions and financial service platform | $3.63M | 72/100 | ||
9th |  Infibeam Avenues 2007, Gandhinagar (India), Public | Provider of digital payment solutions and enterprise software platforms globally | - | 72/100 | |
10th |  Cashfree Payments 2015, Bengaluru (India), Series C | Provider of payment gateway and payouts, and identity verification services | $100M | 69/100 |
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Mintoak's Latest cap tables and shareholding
Founders (largest shareholder) own 47.02%, Funds own 25.14%, Enterprises own 16.06% and Angels own 4.96%. The net worth of Mintoak's founders is INR 1,170Cr as of Dec 11, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 47.02% | 1,170Cr | 8330607 | 7206526 | 7987819 | 5360358 |
1011380 | 1367316 | 2167200 | 5509732 | 6024587 | 6333317 | |
8833217 | 2821745 | 7477331 | 7285035 | 3601586 | 3727343 | |
7845490 | 8647559 | 3073276 | 5479223 | 2166112 | 3312930 | |
Fund | 25.14% | 628Cr | 3009010 | 4629030 | 4031955 | 5408422 |
66 | 35 | 66 | 87 | 65 | 57 | |
Enterprise | 16.06% | 401Cr | 5075234 | 1760312 | 2468621 | 9557505 |
Angel | 4.96% | 124Cr | 3134 | 5946 | 9044 | 5892 |
2 | 5 | 3 | 3 | 2 | 2 | |
Other People | 0.48% | 12Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 6.34% | 158Cr | 644477 | 992278 | 389580 | 658452 |
Total | 100.00% | 2,500Cr | 9711129 | 4754024 | 6279788 | 8993125 |
To unlock detailed Cap Table of Mintoak 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 Mintoak's Shareholding
Mintoak's Investments and acquisitions
Mintoak has acquired Digiledge. Mintoak has not made any investments as of now.Reports related to Mintoak
Here is the latest report on Mintoak's sector:
News related to Mintoak
Filter this listMedia has covered Mintoak for a total of 2 events in the last 1 year.
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Karnataka startups funding in Q1 2025 drops to $633M: TracxnYourStory•Apr 16, 2025•axio, Amazon, Digiledge, Mintoak and 3 others
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FinTech Funding falls 35% to USD 366 Mn in Q1 CY25; late-stage deals, acquisitions gain paceIndiatimes•Apr 08, 2025•Cashfree Payments, InsuranceDekho, Zolve, Zeta and 10 others
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From Darwinbox To InsuranceDekho — Indian Startups Raised $386 Mn This WeekInc42•Mar 08, 2025•Darwinbox, Leap Scholar, InsuranceDekho, Swish and 37 others
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Fintech startup Mintoak buys payments company DigiledgeIndiatimes•Mar 04, 2025•Mintoak, Digiledge, SBI Life Insurance, YE DIGITAL CORPORATION and 5 others
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PayPal-backed Mintoak strikes India's first e-rupee related deal, worth $3.5 million: ReportMoneycontrol•Mar 04, 2025•Mintoak, Digiledge, PayPal, Axis Bank and 1 other
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PayPal unveils unified merchant platformElectronic Payments International•Feb 25, 2025•PayPal, Mintoak, Digiledge
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Mintoak gets a new investor Z3Partners through a secondary dealIndiatimes•Jan 09, 2025•Z3Partners, Mintoak, Yes Bank, HDFC Bank and 1 other
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