Lxme raises $1.2 million in seed funding led by Kalaari Capital for women-focused fintech platform

Jun 25, 2024•about 1 year ago

Amount Raised

$1.2 Million

Round Type

seed

MumbaiLendingFintechFinanceFinancial Services

Investors

Aditi KothariCapri HoldingsAmaya VenturesYash KelaKalaari Capital

Description

Lxme, a financial platform exclusively for women, secured $1.2 million in seed funding, with Kalaari Capital leading the round. Other notable investors include Yash Kela, Amaya Ventures, Capri Holdings, and Aditi Kothari. The funding will be used for brand-building, user acquisition efforts, and enhancing technology and product stack.

Company Information

Company

Lxme

Location

Mumbai, Maharashtra, India

About

Lxme is a fintech platform founded in 2021 that exclusively caters to women by offering tailored financial products, such as mutual funds, loans, and prepaid shopping cards. Additionally, it provides financial education to help women make better financial decisions and has a community of over 400,000 women. The platform generates revenue from trail income on mutual fund offerings and revenue from other financial products like lending and fixed deposits, where it acts as an aggregator platform.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns