• India SME Investments led a $15 million investment round in Mantra Softech, a biometric security solution provider, with participation from Motilal Oswal Principal Investments. This marks India SME's fifth investment from its second fund launched in 2024.
• Mantra Softech, founded in 2006 and based in Ahmedabad, specializes in biometrics-based products and solutions, including fingerprint and iris scanners, and recently implemented the Digi Yatra system at Cochin International Airport. The company holds certifications from UIDAI and the FBI, along with multiple patents for optical fingerprint sensors.
• The capital infusion will be used by Mantra Softech to enhance its product engineering capabilities and expand into new international markets. The company's solutions cater to sectors like BFSI, telecom, and education.
• India SME Investments, led by Mitin Jain, targets early-growth SMEs in tier-II and III cities and is sector-agnostic. Its second fund is backed by the government-backed Self-Reliant India (SRI) Fund and has a target of about $150 million.

Malvika Maloo

Private equity firm India SME Investments, which is focused on small and medium enterprises, has backed a biometric security solution provider in what would be its fifth investment from its latest fund. 

The PE firm, which has also backed companies such as Kushal’s Fashion Jewellery, online loan platform KreditBee, and fashion ......

India SME Investments leads funding round in biometrics solutions provider

Private Equity

Private equity firm India SME Investments, which is focused on small and medium enterprises, has backed a biometric security solution provider in what...

India SME Investments

Mantra Softech (India) Pvt Ltd

Motilal Oswal Group

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India SME Investments leads funding round in biometrics solutions provider

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