PayU raises stake in Mindgate to 70% as valuation hits $300 million
Published on: Sept. 18, 2025, 6:01 a.m. | Source: The Economic Times
The acquisition valued Mindgate at around $300 million, people aware of the development said. This is the second fund infusion from PayU into the company, after it acquired 43% in March 2025. The remaining 30% of Mindgate is held by its founders George Sam and Guhan Muthusamy, who will continue to run the business.
