Startup Profile
Mindtickle
Legal entity: Mindtickle Technologies Private Limited
Sales readiness and revenue productivity platform
Funding raised
₹2700.00 Cr
Total disclosed
Latest valuation
₹9960.00 Cr
Most recent round
Latest revenue
₹281.59 Cr
FY FY23
Employees
—
FY FY23
Founders
- Krishna Depura
Co-founder and CEO of Mindtickle. Brought product management experience from companies including PubMatic and Microsoft before starting the company.
- Mohit Garg
Co-founder of Mindtickle. Part of the founding team that met in 2006 and started the company in 2011.
- Nishant Mungali
Co-founder of Mindtickle. Part of the founding team behind the sales readiness platform.
- Deepak Diwakar
Co-founder of Mindtickle, part of the original four-member founding team.
Funding rounds
- Series E2021-08-05₹830.00 CrLed by SoftBank Vision Fund 2
- Series D2020-11-15₹830.00 CrLed by SoftBank Vision Fund 2
- Series C2019-07-29₹332.00 CrLed by Norwest Venture Partners
- Series B2017-12-12₹224.10 CrLed by Canaan
- Series A2015-11-19₹103.75 CrLed by New Enterprise Associates
- Seed2014-10-10₹14.94 CrLed by Accel
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY23 | ₹281.59 Cr | — | — |
| FY24 | ₹289.70 Cr | +₹30.20 Cr | — |
The full story
Rich-text rendering of long_story is wired in the design pass.
Timeline
- FY24India entity turns profitable in FY24 — Mindtickle's India entity reported operating revenue of Rs 289.7 Cr and net profit of Rs 30.2 Cr in FY24, up from Rs 281.59 Cr revenue in FY23.
- 2021-08-05Became a unicorn at $1.2B valuation — Raised a $100M Series E led by SoftBank Vision Fund 2 at a $1.2B valuation, becoming one of India's B2B SaaS unicorns.
- 2020-11-15Series D round at roughly $500M valuation — Raised $100M led by SoftBank Vision Fund 2 (mix of debt and equity), roughly doubling its valuation to about $500M. Revenue had grown over 170% in the prior year with ARR targeted above $30M, serving 200+ enterprises.
- 2011Company founded in Pune — Mindtickle (operating in India as Mindtickle Interactive Media Pvt Ltd) was started in Pune by Krishna Depura, Mohit Garg, Nishant Mungali and Deepak Diwakar, initially as a gamification platform using online treasure hunts.
- —Pivoted to sales readiness platform — After starting as a gamification and employee onboarding tool, the company pivoted to sales training and rep productivity, which became its core focus as a sales readiness SaaS platform.
Data sources
- seed-list + Crunchbase ODM↗ · last fetched 2026-05-28
- Editorial (press release)↗ · last fetched 2026-05-28
- Editorial (press release)↗ · last fetched 2026-05-28
- DPIIT (Startup India)↗ · last fetched 2026-05-28
- favicon↗ · last fetched 2026-05-31
- BusinessToday↗ · last fetched 2026-06-01
- Tracxn↗ · last fetched 2026-06-01
- Entrepreneur India↗ · last fetched 2026-06-01
- TechCrunch↗ · last fetched 2026-06-01
- Inc42↗ · last fetched 2026-06-01