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FinTech Series A Founded 2006

Mantra Softech

Mantra Softech is a biometric security and identity solutions company that designs, develops, and manufactures biometric and RFID products. The company's portfolio includes fingerprint sensors, IRIS sensors, integrated biometric devices, POS MicroATMs, face recognition devices, biometric tablets, and OEM modules. Mantra serves sectors including citizen identity, secure finance, IoT connectivity, modern travel,…

📍 Ahmedabad, India · RegTech,

Funding snapshot

Last roundSeries A
Amount$14M
Date31 July 2025
Total raised$14M
Valuation117,693,157 (Jul 31, 2025)
Team size976

About

Mantra Softech is a biometric security and identity solutions company that designs, develops, and manufactures biometric and RFID products. The company's portfolio includes fingerprint sensors, IRIS sensors, integrated biometric devices, POS MicroATMs, face recognition devices, biometric tablets, and OEM modules. Mantra serves sectors including citizen identity, secure finance, IoT connectivity, modern travel, access control, and public safety, with UIDAI-certified hardware deployed across government welfare programs, banking, healthcare, manufacturing, energy, and education. The company has delivered 6.5 million+ biometric devices, secured 1 billion+ identities, and processed 1.5 billion+ biometric transactions across 50+ countries. Mantra's proprietary Mikshi AI engine powers face recognition with 99.8% accuracy. Founded in 2006 and headquartered in Ahmedabad, India, the company has raised $14.2 million in Series A funding from India SME Investments and Motilal Oswal Financial Services.

Business model

Cybersecurity > IAM > Biometrics > Physiological,

Security & Surveillance Technology > PIAM > Biometrics System > Multi-modal Biometrics,

Image Recognition > Facial Recognition > Security Systems > Face Liveness Detection,

RegTech > Fraud Detection > User Authentication > Multi Factor Authentication

Founders & team highlights

Serial Founder

Institutional investors

India SME Investments Motilal Oswal Financial Services Lata Bharat Sanghvi Bharat R Sanghvi

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