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Razorpay Backs Msme Advisory Msmex In $1 Million Funding Round

Jun 18, 2021•about 4 years ago

Amount Raised

$1 Million

Round Type

seed

Bengaluru

Description

Bengaluru: MSMEx, a business advisory platform for micro, small and medium enterprises in India, has raised $1 million in a funding round co-led by digital payments firm Razorpay and investment firm TNF Investments.

Company Information

Company

Msm Ex

Location

Bengaluru, Karnataka, India

About

The startup had earlier received funds from a clutch of angel investors, including Omidyar Network partner Badri Pillapakkam, SimpliLearn founder Krishna Kumar, Cleartrip’s Chief Technology Officer Manoj Sharma and E&Y partner Heetesh Veera among others. Business owners and entrepreneurs can also ask queries to experts through a live chat community and talk to experts on one-on-one video calls for mentoring and leadership advice, the company said in a statement. MSMEx claims to currently have over half a million users, representing MSMEs from more than 1,200 centres across the country.