Supply Chain Financing Startup Mintifi Raises $110 Million In Funding Led By Premji Invest
Amount Raised
$110 Million
Round Type
Funding Round
MumbaiFinancial ServicesFinanceDescription
Supply chain financing platform, Mintifi, has raised $110 million in a fresh round of funding led by Premji Invest, with existing investors Norwest Venture Partners, Elevation Capital and International Finance Corporation (IFC) participating in the funding round. Almost 90% of the raise is primary with the rest coming in through secondary sale of shares to provide liquidity to employees and early investors in the company.According to Mintifi, it will use a large part of the current raise to expand its loan book, and focus on growth of disbursals on its platform. It is also expected to use the capital to bolster its technology platform and offer a software product to corporate partners helping them to monitor supply-chain distribution.Founded in 2017 by Anup Agarwal, Ankit Mehta and Sanjoy Shome, Mintifi works towards digitising the supply chain for corporates such as Tata Motors, Jockey, Parle Agro and others, while providing purchase finance to their distributors. This allows distributors of these companies to buy more inventory and pay-later
Quick answer
Mintifi raised $110 Million in a Funding Round round, dated March 8, 2023. Mintifi is based in Mumbai, Maharashtra, India.
- How much did Mintifi raise?
- Mintifi raised $110 Million in a Funding Round round on March 8, 2023.
- What does Mintifi do?
- Mintifi is India’s first online lending platform with the mission of achieving financial empowerment for small and medium businesses.
- Where is Mintifi based and how big is it?
- Mintifi is based in Mumbai, Maharashtra, India.
- Who are the decision-makers at Mintifi?
- Fundz holds 1 contact at Mintifi. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Mintifi that raised within 45 days of this round, from Fundz verified event records.
- Streamex Corp. raised $1.4M (Seed) on April 18, 2023.
- Factris raised $55M (Funding Round) on April 17, 2023.
- Avanti Finance raised $24M (Funding Round) on April 3, 2023.
- Finverity raised $5.2M (Funding Round) on March 30, 2023.
- Polytrade raised $3.8M (Seed) on March 30, 2023.
- Polytrade raised $3.8M (Seed) on March 30, 2023.
Who to call at Mintifi, and when
A new round usually means Mintifi is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Mintifi raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Mintifi, from your own LinkedIn network
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Related People
Mintifi raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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