# Minions Ventures Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/minions-ventures-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: http://www.kredx.com
- Total disclosed funding: $7M
- Latest round: Series A (Nov 5, 2016)
- Investors on record: 3

## About

Minions Ventures Private Limited operates as a financial services firm specializing in supply chain finance solutions, facilitating efficient capital flow for businesses through innovative technology-driven platforms.Founded in 2015, Minions Ventures Private Limited is based in Bangalore, India. The company specializes in supply chain finance, providing innovative financial solutions. The founders, Anurag Jain and Manish Kumar, have a history of developing businesses in the financial sector. The company raised INR 1.44 billion in Series B funding on November 26, 2019, bringing the total amount raised to INR 1.44 billion, with a current company valuation of INR 12,311.71 million.KredX is recognized as India's largest supply chain finance company, offering a range of financial solutions to enhance liquidity and operational efficiency for businesses. Its primary offerings include the TReDS platform, supported by the Reserve Bank of India, which enables seamless invoice discounting to improve cash flow for buyers and working capital for Micro, Small, and Medium Enterprises (MSMEs). Additionally, KredX operates the Global Trade Exchange (GTX), an IFSCA-licensed platform that facilitates import-export financing for cross-border trade. The company also leverages AI-powered finance automation solutions to optimize treasury management and cash flow, serving over 700 corporates across more than 100 countries, primarily in domestic and international trade.In the most recent fiscal year of 2023, KredX reported a revenue of INR 3,341,703 with an EBITDA of INR -5,541,295.9, indicating the financial dynamics of its operations within the supply chain finance sector.Looking ahead, Minions Ventures Private Limited aims to launch new products within its financial solutions portfolio, although specific details about these upcoming products and their release dates have not been disclosed. The company is considering expansion into new geographic markets to enhance its global footprint, with further details pending. The recent Series B funding of INR 1.44 billion will likely support these growth initiatives and product developments as the company continues to evolve its service offerings in the financial sector.

## Funding rounds

- Series A, Nov 5, 2016, $6.3M — Hong Shan, SeaBright Capital, Prime Venture Partners
- Seed, Sep 30, 2015, $0.8M — SeaBright Capital, Prime Venture Partners

## Investors

- SeaBright Capital (https://capitalatlas.ai/funds/seabright-capital) — Seed, Series A
- Prime Venture Partners (https://capitalatlas.ai/funds/prime-venture-partners) — Seed, Series A
- Hong Shan — Series A