IndiaMART, BEENEXT Invests Rs 38 Cr In TReDS Platform M1xchange
IndiaMART & BEENEXT, the existing shareholders in TReDS platform M1xchange, have invested Rs 38 crores (approximately) in the startup to acquire an additional stake of 3.4 per cent & 1.99 per cent, respectively. The investment also marks the exit of the India Opportunities Fund of SIDBI Venture Capital Limited, an […]
Gurugram-Based Fintech Startup M1xchange Raises $10 Million In Funding
M1xchange, a Gurugram-based fintech startup, has raised $10 million (Rs 74.4 crore) in funding led by eCommerce giant Amazon. The funding round also saw participation from existing investors Beenext and Mayfield. This is Amazon’s first bet from its $250 million Amazon Smbhav venture fund launched on Thursday at its annual Smbhav summit. […]
Online Exchange For Trade Receivables ‘M1xchange’ Raises $4.5 Million In Funding
M1xchange, an online exchange for trade Receivables, has raised $4.5 million (about Rs 33 crore) in funding from BEENEXT Asia, Singapore, and existing investor Mayfield. As per the startup, it will use the funds to expand its network across India and emerge as a comprehensive supply chain finance leader. Started […]