Mobileware Tech - About the company
Mobileware Tech is an acquired company based in Mumbai (India), founded in 2010 by Satyajit Kanekar and Amitabh Kanekar. It operates as a Developer of software solutions for the insurance and banking management. Mobileware Tech has raised $5.27M in funding from Zaggle and Kvanto, with last known valuation of ₹*****. The company has 438 active competitors, including 60 funded and 30 that have exited. Its top competitors include companies like Stripe, Razorpay and PayU.
Company Details
Developer of software solutions for the insurance and banking management. It provides users with UPI transactions and allows businesses to launch digital payment services. Itss product offerings include mobile payments platform, IMPS, agent management and enterprise admin, and travel and transport insurance platform, and more. The company also engages in providing application development and maintenance services.
- Website
- mobilewaretech.com
- Social
- Email ID
- *****@mobilewaretech.com
- Phone Number
- +91 **********
- Registered Address
- 4,ZAPOORZA, SAHITYA SAHAWAS, BANDRA (EAST), MUMBAI, Maharashtra, India, 400051
Key Metrics
Founded Year
2010
Location
Mumbai, India
Stage
Acquired
Total Funding
$5.27M in 5 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Mar 25, 2025
Ranked
11th among 438 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
169 as on May 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Kvanto (Dec 22, 2020)
Legal entities associated with Mobileware Tech
Mobileware Tech is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MOBILEWARE TECHNOLOGIES PRIVATE LIMITED CIN: U32204MH2010PTC199222 , India, Active | Jan 22, 2010 | $1M - $10M (As on Mar 31, 2025) | 135 (As on Aug 01, 2025) | |
Transxt Llp CIN: AAQ-8522 , India, Active | Oct 18, 2019 | - | - |
Mobileware Tech's acquisition details
Click here to take a look at Mobileware Tech's acquisition in detail
Sign up to download Mobileware Tech's company profile
Mobileware Tech's funding and investors
Mobileware Tech has raised a total funding of $5.27M over 5 rounds. Its first funding round was on Aug 01, 2011. Its latest funding round was a Seed round on Mar 25, 2025 for $*****. 1 investor participated in its latest round. Mobileware Tech has 3 institutional investors and 8 angel investors.
Here is the list of recent funding rounds of Mobileware Tech:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 25, 2025 | 4080954 | Seed | 8471001 | 8559598 | 3806748 | 3504554 |
Sep 25, 2024 | 1380239 | Seed | 3901902 | 4426565 | 2392345 | 3730535 |
Nov 20, 2021 | 1544426 | Seed | 3163929 | 7622876 | 9011618 |
Access funding benchmarks and valuations. Sign up today!View details of Mobileware Tech's funding rounds and investors
Mobileware Tech's founders and board of directors
Founder? Claim ProfileThe founders of Mobileware Tech are Satyajit Kanekar and Amitabh Kanekar. Satyajit Kanekar is the CEO of Mobileware Tech.
Here are the details of Mobileware Tech's key team members:
- Satyajit Kanekar: Co-Founder & CEO of Mobileware Tech. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Amitabh Kanekar: Co-Founder of Mobileware Tech. They serve on the board of 1 company.
Mobileware Tech's Board of Directors
Mobileware Tech's board has 3 active members. Satyajit Kanekar and Amitabh Kanekar are part of team and Yashoda Satyajit Kanekar is independent board member.Here is the list of Mobileware Tech's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 3m | |
Team | - | Current | 16y 1m | |
Independent board member | - | Current | 6y 10m |
View details of Mobileware Tech's Founder profiles and Board Members
Mobileware Tech's employee count trend
Mobileware Tech has 169 employees as of May 26. Here is Mobileware Tech's employee count trend over the years:
Uncover Mobileware Tech's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Mobileware Tech's Competitors and alternates
Top competitors of Mobileware Tech include Stripe, Razorpay and PayU. Here is the list of Top 10 competitors of Mobileware Tech, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
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 | 87/100 | |
2nd | Provider of payment gateway, business banking, payroll, and credit solutions | $742M | 86/100 | ||
3rd | PayU 2002, Amsterdam (Netherlands), Series C | Provider of payment solutions and credit products for online merchants | $35.1M | 84/100 | |
4th | Provider of payment solutions, lending, and investment opportunities for businesses | $584M | 83/100 | ||
5th |  Flutterwave 2016, San Francisco (United States), Series D | Provider of payment solutions for online and physical business transactions | $489M | 83/100 | |
6th | Adyen 2006, Amsterdam (Netherlands), Public | Provider of end-to-end payment, data, and financial management platform solutions | $266M | 80/100 | |
7th | ACI Worldwide 1975, Omaha (United States), Public | Process and manage digital payments | - | 76/100 | |
8th | Digital payments and engagement solutions for MSMEs | $30.6M | 74/100 | ||
9th | Provider of omnichannel payment gateway solutions and financial service platform | $3.63M | 71/100 | ||
10th | Provider of omnichannel payment solutions and infrastructure for diverse business needs | $27.1M | 70/100 | ||
11th |  Mobileware Tech 2010, Mumbai (India), Acquired | Developer of software solutions for the insurance and banking management | $5.27M | 67/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Mobileware Tech's competitors? Click here to see the top ones
Mobileware Tech's Latest cap tables and shareholding
Founders (largest shareholder) own 57.14%, Parent Entities own 2.72%, Enterprises own 26.00% and Angels own 9.17%. The net worth of Mobileware Tech's founders is INR 34.3Cr as of Mar 25, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 57.14% | 34.3Cr | 8941063 | 2549720 | 3294826 | 6806419 |
9384848 | 5594224 | 9589793 | 9751930 | 9427859 | 4660145 | |
1043677 | 5217430 | 4720838 | 1650657 | 2653722 | 3594715 | |
Parent Entity | 2.72% | 1.63Cr | 44 | 28 | 72 | 88 |
Enterprise | 26.00% | 15.6Cr | 7485716 | 8937489 | 2821826 | 9144101 |
Angel | 9.17% | 5.5Cr | 6248390 | 4078217 | 3404012 | 1883057 |
115889 | 120311 | 270129 | 502583 | 152968 | 202448 | |
84 | 89 | 90 | 34 | 97 | 40 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 3.49% | 2.09Cr | 398 | 498 | 165 | 677 |
ESOP Pool | 1.47% | 88.1L | 5 | 2 | 4 | 7 |
Total | 100.00% | 60Cr | 4847545 | 8064212 | 1758145 | 1573944 |
To unlock detailed Cap Table of Mobileware Tech 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 Mobileware Tech's Shareholding
Mobileware Tech's Investments and acquisitions
Mobileware Tech has a total of 1 investment in EasyReach Solutions. Mobileware Tech has not made any acquisitions as of now.Reports related to Mobileware Tech
Here is the latest report on Mobileware Tech's sector:
News related to Mobileware Tech
Filter this listMedia has covered Mobileware Tech for a total of 6 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
•
86400 and Vegapay power the Next Leap in UPI Innovation.The Wire•Oct 01, 2025•Mobileware Tech, VegaPay
•
Mobileware Technologies Announces Rebranding to 86400, Unveils New Logo and IdentityBusiness Micro•Jul 16, 2025•Mobileware Tech
•
Mobileware Technologies Private Limited’s Investment RoundGlobal Legal Chronicle•Apr 01, 2025•Khaitan, Mobileware Tech, Zaggle
•
Zaggle acquires 38.34 pc stake in Mobileware TechnologiesNewsDrum•Mar 27, 2025•Zaggle, Mobileware Tech
•
Zaggle acquires stake in Mobileware TechnologiesBusiness Line•Mar 26, 2025•Zaggle, Mobileware Tech, MobileWare
•
Zaggle Raises Stake In Mobileware With INR 7.25 Cr InvestmentInc42•Mar 26, 2025•Zaggle, Mobileware Tech
•
Zaggle To Pick Up Additional 17% Stake In Mobile TechnologiesInc42•Feb 08, 2025•Zaggle, Mobileware Tech
•
Zaggle acquires stake worth Rs 48 cr in two companiesNewsDrum•Sep 26, 2024•Zaggle, TaxSpanner, Mobileware Tech
•
•
Zaggle acquires 26 pc stake in Mobileware for Rs 15.6 croreNewsDrum•Sep 25, 2024•Zaggle, Mobileware Tech, Lastaki, Khaitan
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Mobileware Tech
Explore our recently published companies
- Permanent Magnets - Thane based, 2000 founded, Public company
- OrgaX - Newark based, 2025 founded, Unfunded company
- use-agently.com - Singapore based, Unfunded company
- SVVA - Ahmedabad based, 2023 founded, Unfunded company
- Kas Business - Noida based, 2014 founded, Unfunded company
- ArifaLab - Nairobi based, 2023 founded, Unfunded company
