Lxme raises $1.2 million in seed funding led by Kalaari Capital for women-focused fintech platform
06/25/24, 12:39 AM
Location
mumbaiMoney raised
$1.2 million
Industry
lending
fintech
finance
financial services
Round Type
seed
Investors
Aditi Kothari, Capri Holdings, Amaya Ventures, Yash Kela, Kalaari Capital
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 Info
Location
mumbai, maharashtra, india
Additional Info
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.