Fundz

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

PRIVATEJun 25, 2024

Amount Raised

$1.2 Million

Round Type

Seed

MumbaiFinancial ServicesFinanceFintechLending

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.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Lxme that raised within 45 days of this round, from Fundz verified event records.

  • StellarFi raised $3.5M on August 8, 2024.
  • FINQY raised $2M (Funding Round) on August 8, 2024.
  • Clix Capital raised $20M on August 1, 2024.
  • Digitt raised $50M (Funding Round) on July 24, 2024.
  • Seeds Fincap Pvt. Ltd raised $8.5M (Series A) on July 17, 2024.
  • Netevia raised $120M (Debt Financing) on July 8, 2024.

Who to call at Lxme, and when

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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.

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Lxme raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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